Dev Information TechnologyNSE:DEVIT -2.44%69 Return-on-Tangible-Equity is 38.64% as of Mar. 2026, which is 69% above its 10-year median of 22.84. GuruFocus rates NSE:DEVIT with a GF Score™ of 69/100 and a GF Value™ of ₹56.58 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,471 Software companies, Dev Information Technology ranks better than 87.41% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Dev Information Technology's annualized net income for the quarter that ended in Mar. 2026 was ₹363 Mil. Dev Information Technology's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹941 Mil. Therefore, Dev Information Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.64%.
The historical rank and industry rank for Dev Information Technology's Return-on-Tangible-Equity or its related term are showing as below:
NSE:DEVIT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.05 Med: 22.84 Max: 102.56
Current: 88.53
During the past 13 years, Dev Information Technology's highest Return-on-Tangible-Equity was 102.56%. The lowest was -1.05%. And the median was 22.84%.
NSE:DEVIT's Return-on-Tangible-Equity is ranked better than 87.41% of 2471
companies
in the Software industry
Industry Median: 8.77
vs NSE:DEVIT: 88.53
Dev Information Technology (NSE:DEVIT) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Dev Information Technology Return-on-Tangible-Equity Related Terms
Dev Information Technology Return-on-Tangible-Equity 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-Equity Chart
NSE:DEVIT vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Dev Information Technology's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dev Information Technology's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 38.64% mean?
Dev Information Technology (NSE:DEVIT) has a Return-on-Tangible-Equity of 38.64% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dev Information Technology and its competitors. This is 69% above median its historical median of 22.84. According to the industry distribution chart, Dev Information Technology ranks #311 out of 2471 companies in the Software industry, placing it in the top 12.6%.
Is Dev Information Technology's Return-on-Tangible-Equity too high?
Dev Information Technology's current Return-on-Tangible-Equity of 38.64% is 69% above median its 10-year median of 22.84. The Software industry median Return-on-Tangible-Equity is 8.77. Dev Information Technology's value of 38.64% is 340.6% above this industry median. Based on the distribution chart, Dev Information Technology ranks #311 out of 2471 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 69/100 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-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #311 out of 2471 companies for Return-on-Tangible-Equity. This places Dev Information Technology in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.77. Dev Information Technology's value of 38.64% is 340.6% above this benchmark. While the company's 10-year median is 22.84 vs. the industry median of 8.77, 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-Equity for a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 38.64% is 340.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dev Information Technology and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — 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-Equity is 38.64%, which is 69% above median its own 10-year median of 22.84. 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 ₹56.58, compared to a current price of ₹25.63 — trading 54.7% below its estimated fair value. The current Return-on-Tangible-Equity is 38.64%, which is 69% above median its 10-year median of 22.84 and 340.6% above the Software industry median of 8.77. Dev Information Technology's overall GF Score™ is 69/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Dev Information Technology (NSE:DEVIT), the current Return-on-Tangible-Equity is 38.64% 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 ₹25.63 is trading 54.7% below its estimated GF Value™ of ₹56.58.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
Return-on-Tangible-Equity: 38.64% (69% above median its 10-year median of 22.84)
GF Value™: ₹56.58 vs. price of ₹25.63 (54.7% below fair value)
Industry Position: 340.6% above the Software median (#311 of 2471)
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.
69GF Score
Get the complete analysis for NSE:DEVIT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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