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Rocket LabRKLB +0.46%71 Debt-to-Equity is 0.06 as of Mar. 2026, which is 76% below its 10-year median of 0.25. GuruFocus rates RKLB with a GF Score™ of 71/100 and a GF Value™ of $27.50 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 313 Aerospace & Defense companies, Rocket Lab ranks better than 82.43% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Rocket Lab's Debt-to-Equity or its related term are showing as below:
RKLB'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.16 Med: 0.25 Max: 1.23
Current: 0.06
During the past 6 years, the highest Debt-to-Equity Ratio of Rocket Lab was 1.23. The lowest was -0.16. And the median was 0.25.
RKLB's Debt-to-Equity is ranked better than 82.43% of 313
companies
in the Aerospace & Defense industry
Industry Median: 0.32
vs RKLB: 0.06
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Rocket Lab Debt-to-Equity Related Terms
Rocket Lab Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Rocket Lab's Debt-to-Equity can be seen below:
* 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.
RKLB vs AXON, HEI.A, CW: Debt-to-Equity Comparison
For the Aerospace & Defense subindustry, Rocket Lab's Debt-to-Equity, along with its competitors' market caps and Debt-to-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.
Rocket Lab Debt-to-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Rocket Lab's Debt-to-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.
Rocket Lab (RKLB) has a Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Rocket Lab and its competitors. This is 76% below median its historical median of 0.25. According to the industry distribution chart, Rocket Lab ranks #55 out of 313 companies in the Aerospace & Defense industry, placing it in the top 17.6%.
Is Rocket Lab's Debt-to-Equity too high?
Rocket Lab's current Debt-to-Equity of 0.06 is 76% below median its 10-year median of 0.25. The Aerospace & Defense industry median Debt-to-Equity is 0.32. Rocket Lab's value of 0.06 is 81.3% below this industry median. Based on the distribution chart, Rocket Lab ranks #55 out of 313 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Rocket Lab has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab's Debt-to-Equity compare to AXON and HEI.A?
According to the Aerospace & Defense industry distribution chart, Rocket Lab ranks #55 out of 313 companies for Debt-to-Equity. This places Rocket Lab in the top 18% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.32. Rocket Lab's value of 0.06 is 81.3% below this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 0.32, Rocket Lab has consistently been below 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 Debt-to-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.32, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rocket Lab's current Debt-to-Equity of 0.06 is 81.3% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Rocket Lab and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab's current Debt-to-Equity is 0.06, which is 76% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocket Lab stock overvalued right now?
Based on GuruFocus' analysis, Rocket Lab (RKLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $27.50, compared to a current price of $74.82 — trading 172.1% above its estimated fair value. The current Debt-to-Equity is 0.06, which is 76% below median its 10-year median of 0.25 and 81.3% below the Aerospace & Defense industry median of 0.32. Rocket Lab's overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Rocket Lab (RKLB), the current Debt-to-Equity is 0.06 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 Rocket Lab (RKLB) Overvalued in 2026?
Based on GuruFocus' analysis, Rocket Lab stock appears to be overvalued.
The current stock price of $74.82 is trading 172.1% above its estimated GF Value™ of $27.50.
GuruFocus considers Rocket Lab to be Significantly Overvalued.
Key valuation signals for RKLB:
Debt-to-Equity: 0.06 (76% below median its 10-year median of 0.25)
GF Value™: $27.50 vs. price of $74.82 (172.1% above fair value)
Industry Position: 81.3% below the Aerospace & Defense median (#55 of 313)
No single metric tells the full story. See the RKLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rocket Lab Corp is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments Launch Services and Space Systems. Geographically it serves Japan, and rest of the world and earns key revenue from the United States.
71GF Score
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