Rocket Pharmaceuticals, Inc.

NasdaqGM:RCKT Stock Report

Market Cap: US$1.1b

Rocket Pharmaceuticals Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RCKT ($12.56) is trading below our estimate of fair value ($203.02)

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

Key Valuation Metric

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

Key metric: As RCKT is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for RCKT. This is calculated by dividing RCKT's market cap by their current book value.
What is RCKT's PB Ratio?
PB Ratio3.5x
BookUS$329.77m
Market CapUS$1.14b

Price to Book Ratio vs Peers

How does RCKT's PB Ratio compare to its peers?

The above table shows the PB ratio for RCKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average4x
CDNA CareDx
4.4x95.0%US$1.2b
EQRX EQRx
1xn/aUS$1.1b
SNDX Syndax Pharmaceuticals
3.3x35.0%US$1.2b
ARDX Ardelyx
7.4x54.7%US$1.2b
RCKT Rocket Pharmaceuticals
3.5x51.5%US$1.1b

Price-To-Book vs Peers: RCKT is good value based on its Price-To-Book Ratio (3.5x) compared to the peer average (5.1x).

Price to Book Ratio vs Industry

How does RCKT's PB Ratio compare vs other companies in the US Biotechs Industry?

56 CompaniesPrice / BookEstimated GrowthMarket Cap
GRAL GRAIL
0.3x35.7%US$653.54m
LYEL Lyell Immunopharma
0.4x-14.9%US$194.87m
ACET Adicet Bio
0.4x3.1%US$81.80m
IMAB I-Mab
0.4x2.7%US$76.60m
RCKT 3.5xIndustry Avg. 1.9xNo. of Companies77PB01.63.24.86.48+
56 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: RCKT is expensive based on its Price-To-Book Ratio (3.5x) compared to the US Biotechs industry average (1.9x).

Price to Book Ratio vs Fair Ratio

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

RCKT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate RCKT's Price-To-Book Fair Ratio for valuation analysis.

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 RCKT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.56
US$43.50
+246.3%
25.9%US$65.00US$29.00n/a16
Dec ’25US$14.39
US$46.79
+225.1%
21.5%US$65.00US$29.00n/a14
Nov ’25US$16.98
US$47.50
+179.7%
20.3%US$65.00US$31.00n/a14
Oct ’25US$17.12
US$47.15
+175.4%
21.0%US$65.00US$31.00n/a13
Sep ’25US$18.85
US$47.15
+150.2%
21.0%US$65.00US$31.00n/a13
Aug ’25US$22.23
US$47.38
+113.2%
19.4%US$65.00US$31.00n/a13
Jul ’25US$20.66
US$49.62
+140.2%
15.0%US$65.00US$37.00n/a13
Jun ’25US$21.32
US$50.08
+134.9%
14.3%US$65.00US$39.00n/a13
May ’25US$22.53
US$50.31
+123.3%
14.4%US$65.00US$39.00n/a13
Apr ’25US$26.72
US$51.25
+91.8%
13.1%US$65.00US$39.00n/a12
Mar ’25US$30.53
US$51.25
+67.9%
13.1%US$65.00US$39.00n/a12
Feb ’25US$29.18
US$51.17
+75.3%
14.3%US$65.00US$37.00n/a12
Jan ’25US$29.97
US$51.75
+72.7%
14.3%US$65.00US$37.00US$12.5712
Dec ’24US$23.42
US$51.75
+121.0%
14.3%US$65.00US$37.00US$14.3912
Nov ’24US$19.00
US$51.92
+173.2%
14.7%US$65.00US$39.00US$16.9812
Oct ’24US$20.49
US$51.20
+149.9%
13.5%US$65.00US$39.00US$17.1210
Sep ’24US$16.00
US$50.91
+218.2%
13.9%US$61.00US$39.00US$18.8511
Aug ’24US$17.87
US$54.27
+203.7%
17.2%US$75.00US$39.00US$22.2311
Jul ’24US$19.87
US$52.67
+165.1%
19.8%US$75.00US$35.00US$20.6612
Jun ’24US$20.93
US$52.67
+151.6%
19.8%US$75.00US$35.00US$21.3212
May ’24US$18.31
US$52.67
+187.6%
20.6%US$75.00US$33.00US$22.5312
Apr ’24US$17.13
US$50.64
+195.6%
22.3%US$75.00US$33.00US$26.7214
Mar ’24US$20.25
US$50.86
+151.1%
22.6%US$75.00US$33.00US$30.5314
Feb ’24US$21.99
US$51.29
+133.2%
22.9%US$75.00US$33.00US$29.1814
Jan ’24US$19.57
US$51.54
+163.4%
24.1%US$75.00US$33.00US$29.9713

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 03:13
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Rocket Pharmaceuticals, Inc. is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason ZemanskyBofA Global Research
Gregory HarrisonBofA Global Research
Yun ZhongBTIG