Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Delek US HoldingsDK -0.39%48 Return-on-Tangible-Asset is 10.15% as of Jun. 2026. GuruFocus rates DK with a GF Score™ of 48/100 and a GF Value™ of $22.00 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,033 Oil & Gas companies, Delek US Holdings ranks better than 58.28% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Delek US Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was $678 Mil. Delek US Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was $6,683 Mil. Therefore, Delek US Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 10.15%.
The historical rank and industry rank for Delek US Holdings's Return-on-Tangible-Asset or its related term are showing as below:
DK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.78 Med: -0.05 Max: 7.26
Current: 3.54
During the past 13 years, Delek US Holdings's highest Return-on-Tangible-Asset was 7.26%. The lowest was -10.78%. And the median was -0.05%.
DK's Return-on-Tangible-Asset is ranked better than 58.28% of 1033
companies
in the Oil & Gas industry
Industry Median: 2.14
vs DK: 3.54
Delek US Holdings (NYSE:DK) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Delek US Holdings Return-on-Tangible-Asset Related Terms
Delek US Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Delek US Holdings's Return-on-Tangible-Asset can be seen below:
* 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.
DK vs PARR, CVI, DKL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Delek US Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Delek US Holdings Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Delek US Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Delek US Holdings's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.15% mean?
Delek US Holdings (DK) has a Return-on-Tangible-Asset of 10.15% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Delek US Holdings and its competitors. According to the industry distribution chart, Delek US Holdings ranks #431 out of 1033 companies in the Oil & Gas industry, placing it in the top 41.7%.
Is Delek US Holdings' Return-on-Tangible-Asset too high?
Delek US Holdings' current Return-on-Tangible-Asset is 10.15%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.14. Delek US Holdings' value of 10.15% is 374.3% above this industry median. Based on the distribution chart, Delek US Holdings ranks #431 out of 1033 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Delek US Holdings has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delek US Holdings' Return-on-Tangible-Asset compare to PARR and CVI?
According to the Oil & Gas industry distribution chart, Delek US Holdings ranks #431 out of 1033 companies for Return-on-Tangible-Asset. This puts Delek US Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.14. Delek US Holdings' value of 10.15% is 374.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.14, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delek US Holdings's current Return-on-Tangible-Asset of 10.15% is 374.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Delek US Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delek US Holdings's current Return-on-Tangible-Asset is 10.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delek US Holdings stock overvalued right now?
Based on GuruFocus' analysis, Delek US Holdings (DK) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.00, compared to a current price of $58.46 — trading 165.7% above its estimated fair value. The current Return-on-Tangible-Asset is 10.15% and 374.3% above the Oil & Gas industry median of 2.14. Delek US Holdings' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Delek US Holdings (DK), the current Return-on-Tangible-Asset is 10.15% as of Jun. 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 Delek US Holdings (DK) Overvalued in 2026?
Based on GuruFocus' analysis, Delek US Holdings stock appears to be overvalued.
The current stock price of $58.46 is trading 165.7% above its estimated GF Value™ of $22.00.
GuruFocus considers Delek US Holdings to be Significantly Overvalued.
Key valuation signals for DK:
Return-on-Tangible-Asset: 10.15%
GF Value™: $22.00 vs. price of $58.46 (165.7% above fair value)
Industry Position: 374.3% above the Oil & Gas median (#431 of 1033)
No single metric tells the full story. See the DK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. It has three segments: Refining segment and Logistics segment and retail segment. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.
48GF Score
Get the complete analysis for DK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DK has been successfully added to your 
