NYSE American · Asset Management · USD

abrdn Emerging Markets ex-China Fund, Inc. (AEF) Stock Analysis

abrdn Emerging Markets ex-China Fund, Inc. (AEF) is a Asset Management stock listed on NYSE American and quoted in US Dollar.

Last Updated: October 21, 2026

AEF

$8.54

−$0.07 (−0.81%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AEF Key Statistics

As of Oct 21, 2026

Trading

Open: $8.63
Previous Close: $8.61
Day's Range: 8.53–8.64
52-Week Range: 6.41–10.14
Volume: 77.83K
Beta: 1.07

Valuation

Market Cap: $346.74M
P/E Ratio: 1.80
P/S ratio: 46.69
EPS (ttm): 4.74

Financials (FY)

Revenue (FY): $96.44M+365.12%
Net Income (FY): $95.56M+384.12%
Profit margin: 2,638.34%
Shares Outstanding: 40.60M
1-Year Return: +39.24%

Dividend and dates

Dividend: $1.04+12.08%
Ex-Dividend Date: September 22, 2026
Avg Volume: 94.03K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, AEF closed at $8.54, +39.24% over 1 year.

abrdn Emerging Markets ex-China Fund, Inc. (AEF) has a market capitalization of $346.74M.

In fiscal 2025, AEF reported revenue of $96.44M.

AEF Stock Return by Calendar Year

abrdn Emerging Markets ex-China Fund, Inc. (AEF) 10-year return: what $10,000 became

1 year: $10,000 $13,924; +39.24%
5 years: $10,000 $15,233; +52.33%
10 years: $10,000 $27,344; +173.44%

If you had invested $10,000 in abrdn Emerging Markets ex-China Fund, Inc. (AEF) 10 years ago, at the close on October 21, 2016, it would have been worth $27,344 at the close on October 21, 2026: +173.44% in total, +10.58% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+53.77%−29.63%+28.39%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+28.39%
2025	+50.22%
2024	+9.43%
2023	+7.12%
2022	−29.63%
2021	+3.31%
2020	+11.62%
2019	+22.83%
2018	−16.20%
2017	+53.77%
2016 (partial year)	−4.27%

As of October 21, 2026.

AEF Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$96.44M	$95.56M	99.1%
2024	$20.73M	$19.74M	95.2%
2023	$30.08M	$29.13M	96.8%
2022	−$124.68M	−$126.08M	101.1%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$96.44M	—	—	$95.56M	99.1%
2024	$20.73M	—	—	$19.74M	95.2%
2023	$30.08M	—	—	$29.13M	96.8%
2022	−$124.68M	—	—	−$126.08M	101.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AEF Dividend History

’17’18’19’20’21’22’23’24’25’26*

$0.65+66.7% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$0.44	2	—
2025	$0.65	4	+66.7%
2024	$0.39	4	+0.0%
2023	$0.39	4	−11.4%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.44	2	—
2025	$0.65	4	+66.7%
2024	$0.39	4	+0.0%
2023	$0.39	4	−11.4%
2022	$0.44	4	−17.4%
2021	$0.53	4	+93.8%
2020	$0.28	4	+61.8%
2019	$0.17	4	−87.1%
2018	$1.32	3	+469.4%
2017	$0.23	1	—

Most recent payment: $0.22 per share, ex-dividend June 23, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

AEF Valuation vs Asset Management Median

Median of 512 stocks

Metric	AEF	Asset Management median	vs median
P/E	1.80	9.44	0.2x the median
P/S ratio	46.69	8.59	5.4x the median
Profit margin	2,638.34%	74.97%	2,563.4 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

abrdn Emerging Markets ex-China Fund, Inc. (AEF) is capitalised at $346.74M on the latest close. The company sits in the Financial Services sector, in the Asset Management industry.

The most recent close on file for AEF is $8.54, dated October 21, 2026. That is −$0.07 (−0.81%) against the previous close. The 52-week range on file runs from $6.41 to $10.14. The latest close sits 33.23% above that 52-week low.

Financial Health

In fiscal 2025, abrdn Emerging Markets ex-China Fund, Inc. reported revenue of $96.44M. That is +365.12% against the prior fiscal year, when revenue was $20.73M. The same year closed with net income of $95.56M. That is +384.12% against the prior fiscal year. Profit margin runs at 2,638.34%. That is 2,563.4 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 4.74.

Across the 4 fiscal years on file, revenue moves from −$124.68M in 2022 to $96.44M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

AEF trades at a trailing price-to-earnings ratio of 1.8. That is 0.2 times the Asset Management median of 9.44. Measured against sales, the shares trade at 46.69 times revenue. On price-to-sales that is 5.4 times the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.07. Daily returns over the trailing 10 years annualize to a volatility of 22.54%. The trailing one-year total return is +39.24%. Measured over 10 years, that is +10.58% a year compounded.

Growth & Income

AEF pays a dividend yielding 12.08%. That is 3.2 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.04 a share. The ex-dividend date on file is September 22, 2026. Dividends are recorded for 10 calendar years; 2026 shows 2 payments totalling $0.44 a share. The year before, 2025, totalled $0.65 a share.

The strongest complete calendar year on file is 2017 at +53.77%; the weakest is 2022 at −29.63%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +28.39% year to date.

Peer Comparison

abrdn Emerging Markets ex-China Fund, Inc. (AEF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
abrdn Emerging Markets ex-China Fund, Inc.	AEF	$346.74M	1.8
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. abrdn Emerging Markets ex-China Fund, Inc. trades at a P/E of 1.8.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About abrdn Emerging Markets ex-China Fund, Inc.

abrdn Emerging Markets ex-China Fund, Inc. is a closed ended equity mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity markets of global emerging ex-China region. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets Index. It conducts internal research to create its portfolio. abrdn Emerging Markets ex-China Fund, Inc. was formed on January 30, 1989 and is domiciled in the United States.

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