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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dev Information TechnologyNSE:DEVIT -0.30%69 Equity-to-Asset is 0.58 as of Mar. 2026, which is 5% above its 10-year median of 0.55. GuruFocus rates NSE:DEVIT with a GF Score™ of 69/100 and a GF Value™ of ₹57.14 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,891 Software companies, Dev Information Technology ranks better than 54.24% on this metric.
The historical rank and industry rank for Dev Information Technology's Equity-to-Asset or its related term are showing as below:
NSE:DEVIT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.55 Max: 0.61
Current: 0.58
During the past 13 years, the highest Equity to Asset Ratio of Dev Information Technology was 0.61. The lowest was 0.37. And the median was 0.55.
NSE:DEVIT's Equity-to-Asset is ranked better than 54.24% of 2891
companies
in the Software industry
Industry Median: 0.56
vs NSE:DEVIT: 0.58
Dev Information Technology (NSE:DEVIT) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Dev Information Technology Equity-to-Asset Related Terms
Dev Information Technology Equity-to-Asset Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:DEVIT vs IBM, ACN, FISV: Equity-to-Asset Comparison
For the Information Technology Services subindustry, Dev Information Technology's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dev Information Technology Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Dev Information Technology's Equity-to-Asset falls into.
Dev Information Technology Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Dev Information Technology's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dev Information Technology (NSE:DEVIT) has a Equity-to-Asset of 0.58 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dev Information Technology and its competitors. This is near median its historical median of 0.55. Over the past decade, Dev Information Technology's Equity-to-Asset has ranged from 0.37 to 0.61. According to the industry distribution chart, Dev Information Technology ranks #1323 out of 2891 companies in the Software industry, placing it in the top 45.8%.
Is Dev Information Technology's Equity-to-Asset too high?
Dev Information Technology's current Equity-to-Asset of 0.58 is near median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.61. The Software industry median Equity-to-Asset is 0.56. Dev Information Technology's value of 0.58 is 3.6% above this industry median. Based on the distribution chart, Dev Information Technology ranks #1323 out of 2891 companies in the Software industry, which is above the industry midpoint. Overall, Dev Information Technology has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's Equity-to-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #1323 out of 2891 companies for Equity-to-Asset. This puts Dev Information Technology in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Dev Information Technology's value of 0.58 is 3.6% above this benchmark. Historically, Dev Information Technology's own Equity-to-Asset has ranged from 0.37 to 0.61 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.56, Dev Information Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,891 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dev Information Technology's current Equity-to-Asset of 0.58 is 3.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dev Information Technology and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current Equity-to-Asset is 0.58, which is near median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Dev Information Technology (NSE:DEVIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹57.14, compared to a current price of ₹26.70 — trading 53.3% below its estimated fair value. The current Equity-to-Asset is 0.58, which is near median its 10-year median of 0.55 and 3.6% above the Software industry median of 0.56. Dev Information Technology's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Dev Information Technology (NSE:DEVIT), the current Equity-to-Asset is 0.58 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dev Information Technology (NSE:DEVIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dev Information Technology stock appears to be undervalued.
The current stock price of ₹26.70 is trading 53.3% below its estimated GF Value™ of ₹57.14.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
Equity-to-Asset: 0.58 (near median its 10-year median of 0.55)
GF Value™: ₹57.14 vs. price of ₹26.70 (53.3% below fair value)
Industry Position: 3.6% above the Software median (#1323 of 2891)
No single metric tells the full story. See the NSE:DEVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.
69GF Score
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