Rocket's Book Value per Share for the quarter that ended in Dec. 2023 was $4.60.
During the past 12 months, Rocket's average Book Value per Share Growth Rate was -1.50% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 2.70% per year.
During the past 5 years, the average Book Value per Share Growth Rate was -34.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of Rocket was 2.70% per year. The lowest was -48.70% per year. And the median was -42.30% per year.
Competitive Comparison
For the Mortgage Finance subindustry, Rocket's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.
Rocket 3-Year Book Growth Rate Distribution
For the Banks industry and Financial Services sector, Rocket's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Rocket's 3-Year Book Growth Rate falls into.
Rocket 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
Rocket (NYSE:RKT) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Rocket 3-Year Book Growth Rate Related Terms
Thank you for viewing the detailed overview of Rocket's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
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