# Templeton Emerging Markets Investment Trust plc (TEM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 331p, market value 3.0 billionp.

## Valuation
- **P/E (trailing): 4.2×**. Templeton Emerging Markets Investment Trust plc trades at 4.2× trailing earnings. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.4×**. Enterprise value is 3.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 2.3%** (5-yr avg 0.0%). Free cash flow equals 2.3% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 23.6%**. The inverse of the P/E: 23.6% of the price is earned each year.

## Profitability
- **Gross margin: 101.0%**. Templeton Emerging Markets Investment Trust plc keeps 101.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 95.9%**. 95.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 333.9%**. 333.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 30.0%**. 30.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 34.7%**. Return on all capital, debt included, is 34.7%: comfortably above what that capital costs.
- **Return on assets: 34.4%**. Each dollar of assets produces 34.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 19.7%** (3-yr 157.8%/yr, 5-yr -24.5%/yr). Revenue grew 19.7% over the last year, against -24.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 457.1%** (3-yr 607.8%/yr, 5-yr 0.0%/yr). Earnings per share rose 457.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -17.8%/yr**. Free cash flow has compounded at -17.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 79 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Templeton Emerging Markets Investment Trust plc does not currently pay a dividend, but it returned 10.4% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover Templeton Emerging Markets Investment Trust plc; the consensus is hold, with an average price target of 5387p (+1528% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 64.6%** (YTD 41.5%, 3-mo 2.8%). The shares are up 64.6% over twelve months including dividends.
- **From 52-week high: -7.5%** (63.0% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): 0.60** (volatility 22%). Beta of 0.60 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TEM.L · Page: https://foliofundamentals.com/stocks/tem.l

Not investment advice.