Is that how it sits?

[agricola]

Noticed while checking the valve clearances, that the timing chain doesn't look to be sitting in the root of the sprockets/gears. It look the same where it passes over all of the sprockets/gears. Ordinarily, I would expect not to be able to see daylight between the bottom of the chain and the teeth but I'm no expert, so can anyone tell if this is how it normally sits?