Devon EnergyXSWX:DVN 72 Return-on-Tangible-Asset is 1.52% as of Mar. 2026, which is 84% below its 10-year median of 9.77. GuruFocus rates XSWX:DVN with a GF Score™ of 72/100 and a GF Value™ of CHF40.70. The stock has 4 warning signs investors should review. Among 1,027 Oil & Gas companies, Devon Energy ranks better than 78.58% 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. Devon Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF378 Mil. Devon Energy's average total tangible assets for the quarter that ended in Mar. 2026 was CHF24,805 Mil. Therefore, Devon Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.52%.
The historical rank and industry rank for Devon Energy's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:DVN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.23 Med: 9.77 Max: 27.82
Current: 7.37
During the past 13 years, Devon Energy's highest Return-on-Tangible-Asset was 27.82%. The lowest was -24.23%. And the median was 9.77%.
XSWX:DVN's Return-on-Tangible-Asset is ranked better than 78.58% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.04
vs XSWX:DVN: 7.37
Devon Energy (XSWX:DVN) 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.
Devon Energy Return-on-Tangible-Asset Related Terms
Devon Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Devon Energy'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.
XSWX:DVN vs OXY, FANG, EQT: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Devon Energy'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.
Devon Energy Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Devon Energy'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 1.52% mean?
Devon Energy (XSWX:DVN) has a Return-on-Tangible-Asset of 1.52% 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 Devon Energy and its competitors. This is 84% below median its historical median of 9.77. According to the industry distribution chart, Devon Energy ranks #220 out of 1027 companies in the Oil & Gas industry, placing it in the top 21.4%.
Is Devon Energy's Return-on-Tangible-Asset too high?
Devon Energy's current Return-on-Tangible-Asset of 1.52% is 84% below median its 10-year median of 9.77. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Devon Energy's value of 1.52% is 25.5% below this industry median. Based on the distribution chart, Devon Energy ranks #220 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Devon Energy has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's Return-on-Tangible-Asset compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #220 out of 1027 companies for Return-on-Tangible-Asset. This places Devon Energy in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Devon Energy's value of 1.52% is 25.5% below this benchmark. While the company's 10-year median is 9.77 vs. the industry median of 2.04, Devon Energy has consistently been below 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.04, based on 1,027 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. Devon Energy's current Return-on-Tangible-Asset of 1.52% is 25.5% below 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 Devon Energy and its competitors. For the Oil & Gas 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. Devon Energy's current Return-on-Tangible-Asset is 1.52%, which is 84% below median its own 10-year median of 9.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devon Energy stock overvalued right now?
Devon Energy (XSWX:DVN) has a current Return-on-Tangible-Asset of 1.52%. The stock's GF Value™ is CHF40.70, compared to a current price of CHF32.45 — trading 20.3% below its estimated fair value. The current Return-on-Tangible-Asset is 1.52%, which is 84% below median its 10-year median of 9.77 and 25.5% below the Oil & Gas industry median of 2.04. Devon Energy's overall GF Score™ is 72/100 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 Devon Energy (XSWX:DVN), the current Return-on-Tangible-Asset is 1.52% 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 Devon Energy (XSWX:DVN) Overvalued in 2026?
Based on GuruFocus' analysis, Devon Energy stock appears to be undervalued.
The current stock price of CHF32.45 is trading 20.3% below its estimated GF Value™ of CHF40.70.
Key valuation signals for XSWX:DVN:
Return-on-Tangible-Asset: 1.52% (84% below median its 10-year median of 9.77)
GF Value™: CHF40.70 vs. price of CHF32.45 (20.3% below fair value)
Industry Position: 25.5% below the Oil & Gas median (#220 of 1027)
No single metric tells the full story. See the XSWX:DVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
72GF Score
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