No, it's normally from the oil that's in the blowby gas that flows through the PCV system. The blowby gas contains a mist of very small oil droplets. There will be some vaporized oil in the blowby gas as well, but it doesn't seem to contribute much to valve deposits.Does this mean the oil is from the valve stem seals?
Leaky valve stem seals will of course also contribute to valve deposits. So will burned oil from the EGR system.