Dev Information TechnologyNSE:DEVIT -3.45%74 Return-on-Tangible-Asset is 20.93% as of Mar. 2026, which is 147% above its 10-year median of 8.47. GuruFocus rates NSE:DEVIT with a GF Score™ of 74/100 and a GF Value™ of ₹56.79 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,877 Software companies, Dev Information Technology ranks better than 98.4% 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. Dev Information Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹363 Mil. Dev Information Technology's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,736 Mil. Therefore, Dev Information Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 20.93%.
The historical rank and industry rank for Dev Information Technology's Return-on-Tangible-Asset or its related term are showing as below:
NSE:DEVIT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.55 Med: 8.47 Max: 53.97
Current: 48.54
During the past 13 years, Dev Information Technology's highest Return-on-Tangible-Asset was 53.97%. The lowest was -0.55%. And the median was 8.47%.
NSE:DEVIT's Return-on-Tangible-Asset is ranked better than 98.4% of 2877
companies
in the Software industry
Industry Median: 2.04
vs NSE:DEVIT: 48.54
Dev Information Technology (NSE:DEVIT) 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.
Dev Information Technology Return-on-Tangible-Asset Related Terms
Dev Information Technology Return-on-Tangible-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.
Dev Information Technology Return-on-Tangible-Asset Chart
NSE:DEVIT vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Dev Information Technology'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.
Dev Information Technology Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dev Information Technology'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.93% mean?
Dev Information Technology (NSE:DEVIT) has a Return-on-Tangible-Asset of 20.93% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dev Information Technology and its competitors. This is 147% above median its historical median of 8.47. According to the industry distribution chart, Dev Information Technology ranks #46 out of 2877 companies in the Software industry, placing it in the top 1.6%.
Is Dev Information Technology's Return-on-Tangible-Asset too high?
Dev Information Technology's current Return-on-Tangible-Asset of 20.93% is 147% above median its 10-year median of 8.47. The Software industry median Return-on-Tangible-Asset is 2.04. Dev Information Technology's value of 20.93% is 926% above this industry median. Based on the distribution chart, Dev Information Technology ranks #46 out of 2877 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dev Information Technology has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #46 out of 2877 companies for Return-on-Tangible-Asset. This places Dev Information Technology in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Dev Information Technology's value of 20.93% is 926% above this benchmark. While the company's 10-year median is 8.47 vs. the industry median of 2.04, 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 Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,877 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. Dev Information Technology's current Return-on-Tangible-Asset of 20.93% is 926% 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 Dev Information Technology and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current Return-on-Tangible-Asset is 20.93%, which is 147% above median its own 10-year median of 8.47. 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 ₹56.79, compared to a current price of ₹27.45 — trading 51.7% below its estimated fair value. The current Return-on-Tangible-Asset is 20.93%, which is 147% above median its 10-year median of 8.47 and 926% above the Software industry median of 2.04. Dev Information Technology's overall GF Score™ is 74/100 with 4 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 Dev Information Technology (NSE:DEVIT), the current Return-on-Tangible-Asset is 20.93% 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 ₹27.45 is trading 51.7% below its estimated GF Value™ of ₹56.79.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
Return-on-Tangible-Asset: 20.93% (147% above median its 10-year median of 8.47)
GF Value™: ₹56.79 vs. price of ₹27.45 (51.7% below fair value)
Industry Position: 926% above the Software median (#46 of 2877)
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.
74GF Score
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