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DeveliaWAR:DVL -0.39%88 Return-on-Tangible-Asset is 14.30% as of Mar. 2026, which is 232% above its 10-year median of 4.31. GuruFocus rates WAR:DVL with a GF Score™ of 88/100 and a GF Value™ of zł8.25 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,801 Real Estate companies, Develia ranks better than 91.06% 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. Develia's annualizedNet Income for the quarter that ended in Mar. 2026 was zł709 Mil. Develia's average total tangible assets for the quarter that ended in Mar. 2026 was zł4,956 Mil. Therefore, Develia's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.30%.
The historical rank and industry rank for Develia's Return-on-Tangible-Asset or its related term are showing as below:
WAR:DVL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.58 Med: 4.31 Max: 9.57
Current: 9.09
During the past 13 years, Develia's highest Return-on-Tangible-Asset was 9.57%. The lowest was -4.58%. And the median was 4.31%.
WAR:DVL's Return-on-Tangible-Asset is ranked better than 91.06% of 1801
companies
in the Real Estate industry
Industry Median: 1.75
vs WAR:DVL: 9.09
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.
Develia Return-on-Tangible-Asset Related Terms
Develia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Develia'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.
For the Real Estate - Development subindustry, Develia'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.
Develia Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Develia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Develia'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 14.30% mean?
Develia (WAR:DVL) has a Return-on-Tangible-Asset of 14.30% 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 Develia and its competitors. This is 232% above median its historical median of 4.31. According to the industry distribution chart, Develia ranks #161 out of 1801 companies in the Real Estate industry, placing it in the top 8.9%.
Is Develia's Return-on-Tangible-Asset too high?
Develia's current Return-on-Tangible-Asset of 14.30% is 232% above median its 10-year median of 4.31. The Real Estate industry median Return-on-Tangible-Asset is 1.75. Develia's value of 14.30% is 717.1% above this industry median. Based on the distribution chart, Develia ranks #161 out of 1801 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Develia has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Develia's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Develia ranks #161 out of 1801 companies for Return-on-Tangible-Asset. This places Develia in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.75. Develia's value of 14.30% is 717.1% above this benchmark. While the company's 10-year median is 4.31 vs. the industry median of 1.75, Develia 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,801 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. Develia's current Return-on-Tangible-Asset of 14.30% is 717.1% 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 Develia and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develia's current Return-on-Tangible-Asset is 14.30%, which is 232% above median its own 10-year median of 4.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develia stock overvalued right now?
Based on GuruFocus' analysis, Develia (WAR:DVL) is currently considered Modestly Overvalued. The stock's GF Value™ is zł8.25, compared to a current price of zł10.30 — trading 24.8% above its estimated fair value. The current Return-on-Tangible-Asset is 14.30%, which is 232% above median its 10-year median of 4.31 and 717.1% above the Real Estate industry median of 1.75. Develia's overall GF Score™ is 88/100 with 9 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 Develia (WAR:DVL), the current Return-on-Tangible-Asset is 14.30% 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 Develia (WAR:DVL) Overvalued in 2026?
Based on GuruFocus' analysis, Develia stock appears to be overvalued.
The current stock price of zł10.30 is trading 24.8% above its estimated GF Value™ of zł8.25.
GuruFocus considers Develia to be Modestly Overvalued.
Key valuation signals for WAR:DVL:
Return-on-Tangible-Asset: 14.30% (232% above median its 10-year median of 4.31)
GF Value™: zł8.25 vs. price of zł10.30 (24.8% above fair value)
Industry Position: 717.1% above the Real Estate median (#161 of 1801)
No single metric tells the full story. See the WAR:DVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.
88GF Score
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