Rocket Lab USA, Inc.

NasdaqCM:RKLB Stock Report

Market Cap: US$10.2b

Rocket Lab USA Valuation

Is RKLB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RKLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RKLB ($20.18) is trading below our estimate of fair value ($29.26)

Significantly Below Fair Value: RKLB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RKLB?

Key metric: As RKLB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RKLB. This is calculated by dividing RKLB's market cap by their current revenue.
What is RKLB's PS Ratio?
PS Ratio27.7x
SalesUS$363.82m
Market CapUS$10.25b

Price to Sales Ratio vs Peers

How does RKLB's PS Ratio compare to its peers?

The above table shows the PS ratio for RKLB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
WWD Woodward
3.2x5.3%US$10.2b
AVAV AeroVironment
7.4x12.9%US$5.5b
HII Huntington Ingalls Industries
0.6x3.9%US$7.5b
DRS Leonardo DRS
2.9x6.2%US$9.3b
RKLB Rocket Lab USA
27.7x30.4%US$10.2b

Price-To-Sales vs Peers: RKLB is expensive based on its Price-To-Sales Ratio (27.7x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does RKLB's PS Ratio compare vs other companies in the US Aerospace & Defense Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VVX V2X
0.5x5.2%US$1.88b
LLAP Terran Orbital
0.4x29.5%US$51.22m
SIF SIFCO Industries
0.2xn/aUS$21.69m
AIRI Air Industries Group
0.3x8.9%US$14.28m
RKLB 27.7xIndustry Avg. 2.5xNo. of Companies9PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: RKLB is expensive based on its Price-To-Sales Ratio (27.7x) compared to the US Aerospace & Defense industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is RKLB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RKLB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio27.7x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: RKLB is expensive based on its Price-To-Sales Ratio (27.7x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RKLB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.18
US$19.95
-1.1%
28.8%US$30.00US$12.00n/a11
Nov ’25US$11.42
US$7.80
-31.7%
27.2%US$12.00US$5.00n/a11
Oct ’25US$9.23
US$7.66
-17.0%
26.3%US$11.00US$4.50n/a11
Sep ’25US$6.27
US$7.39
+17.8%
23.4%US$10.00US$4.50n/a11
Aug ’25US$4.96
US$7.20
+45.2%
25.6%US$10.00US$4.50n/a11
Jul ’25US$4.54
US$7.29
+60.6%
26.6%US$10.00US$4.25n/a11
Jun ’25US$4.37
US$7.57
+73.2%
23.9%US$10.00US$4.25n/a10
May ’25US$3.85
US$7.93
+105.8%
24.9%US$10.00US$4.25n/a10
Apr ’25US$4.08
US$8.00
+96.1%
23.0%US$10.00US$5.00n/a10
Mar ’25US$4.54
US$8.00
+76.2%
23.0%US$10.00US$5.00n/a10
Feb ’25US$4.02
US$8.13
+102.1%
19.9%US$10.00US$6.00n/a8
Jan ’25US$5.53
US$7.92
+43.2%
25.8%US$10.00US$5.00n/a9
Dec ’24US$4.46
US$7.92
+77.5%
25.8%US$10.00US$5.00n/a9
Nov ’24US$4.24
US$8.53
+101.1%
27.0%US$12.00US$5.00US$11.429
Oct ’24US$4.38
US$9.09
+107.6%
29.2%US$14.00US$5.00US$9.238
Sep ’24US$6.34
US$9.83
+55.1%
21.1%US$14.00US$6.75US$6.278
Aug ’24US$7.26
US$9.32
+28.4%
30.2%US$14.00US$4.55US$4.968
Jul ’24US$6.00
US$8.94
+49.1%
32.4%US$14.00US$4.55US$4.548
Jun ’24US$4.74
US$8.94
+88.7%
32.4%US$14.00US$4.55US$4.378
May ’24US$3.88
US$8.39
+116.4%
39.7%US$13.00US$2.50US$3.859
Apr ’24US$4.04
US$9.33
+131.0%
35.4%US$13.00US$2.50US$4.089
Mar ’24US$4.40
US$9.58
+117.8%
35.3%US$13.00US$2.50US$4.549
Feb ’24US$4.98
US$9.86
+98.0%
35.9%US$15.00US$3.00US$4.029
Jan ’24US$3.77
US$9.86
+161.6%
35.9%US$15.00US$3.00US$5.539
Dec ’23US$4.22
US$9.97
+136.3%
36.6%US$15.00US$3.00US$4.469
Nov ’23US$5.20
US$11.94
+129.7%
41.9%US$20.00US$3.00US$4.249

Analyst Forecast: Target price is lower than the current share price.

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