Devolver Digital (FRA:8CO) Return-on-Tangible-Asset: -18.12% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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.

What is Devolver Digital Return-on-Tangible-Asset?

Devolver Digital FRA:8CO -13.58% Return-on-Tangible-Asset is -18.12% as of Dec. 2025. The stock has 3 warning signs investors should review. Among 565 Interactive Media companies, Devolver Digital ranks worse than 75.4% 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. Devolver Digital's annualized Net Income for the quarter that ended in Dec. 2025 was €-8.42 Mil. Devolver Digital's average total tangible assets for the quarter that ended in Dec. 2025 was €46.47 Mil. Therefore, Devolver Digital's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -18.12%.

The historical rank and industry rank for Devolver Digital's Return-on-Tangible-Asset or its related term are showing as below:

FRA:8CO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -84.43   Med: 9.45   Max: 154.82
Current: -26.16

During the past 9 years, Devolver Digital's highest Return-on-Tangible-Asset was 154.82%. The lowest was -84.43%. And the median was 9.45%.

FRA:8CO's Return-on-Tangible-Asset is ranked worse than
75.4% of 565 companies
in the Interactive Media industry
Industry Median: 0.69 vs FRA:8CO: -26.16

Devolver Digital  (FRA:8CO) 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 company’s 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 company’s 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.


Devolver Digital Return-on-Tangible-Asset Related Terms


Devolver Digital Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Devolver Digital'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.

Devolver Digital Return-on-Tangible-Asset Chart

Devolver Digital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only 35.15 -83.46 -14.01 -9.02 -23.58

Devolver Digital Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.67 -13.03 -5.09 -34.53 -18.12

FRA:8CO vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison

For the Electronic Gaming & Multimedia subindustry, Devolver Digital'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.


Devolver Digital Return-on-Tangible-Asset vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Devolver Digital's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Devolver Digital's Return-on-Tangible-Asset falls into.



Devolver Digital Return-on-Tangible-Asset Calculation

Devolver Digital's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-13.639/( (66.837+48.87)/ 2 )
=-13.639/57.8535
=-23.58 %

Devolver Digital's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-8.418/( (44.069+48.87)/ 2 )
=-8.418/46.4695
=-18.12 %

* 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 two times the semi-annual (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of -18.12% mean?
Devolver Digital (FRA:8CO) has a Return-on-Tangible-Asset of -18.12% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Devolver Digital and its competitors. According to the industry distribution chart, Devolver Digital ranks #426 out of 565 companies in the Interactive Media industry, placing it in the top 75.4%.
Is Devolver Digital's Return-on-Tangible-Asset too high?
Devolver Digital's current Return-on-Tangible-Asset is -18.12%. Based on the distribution chart, Devolver Digital ranks #426 out of 565 companies in the Interactive Media industry, which is in the bottom quartile relative to peers.
How does Devolver Digital's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Devolver Digital ranks #426 out of 565 companies for Return-on-Tangible-Asset. This places Devolver Digital in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.69. 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 Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.69, based on 565 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. 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 Devolver Digital and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devolver Digital's current Return-on-Tangible-Asset is -18.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devolver Digital stock overvalued right now?
Based on GuruFocus' analysis, Devolver Digital (FRA:8CO) is currently considered Possible Value Trap. The stock's GF Value™ is €0.27, compared to a current price of €0.07 — trading 74.1% below its estimated fair value. The current Return-on-Tangible-Asset is -18.12%. 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 Devolver Digital (FRA:8CO), the current Return-on-Tangible-Asset is -18.12% as of Dec. 2025. 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.

Devolver Digital Business Description

Other Exchanges DEVO:UK
Address 251 Little Falls Drive, Wilmington, New Castle County, DE, USA, 19808
Devolver Digital Inc is engaged in the business of developing video games. Some of its games include Look Outside, Shotgun Cop Man, Forestrike, Minos, Shroom and Gloom, and others. The company operates in the USA, Croatia, the UK, the Netherlands, and Poland.