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Rocket LabRKLB -0.04%67 EV-to-OCF is -214.97 as of Aug. 12, 2026. GuruFocus rates RKLB with a GF Score™ of 67/100 and a GF Value™ of $36.76 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 358 Aerospace & Defense companies, Rocket Lab ranks better than 95.53% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Rocket Lab's Enterprise Value is $47,823.3 Mil.
Rocket Lab's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-222.5 Mil. Therefore, Rocket Lab's EV-to-OCF for today is -214.97.
The historical rank and industry rank for Rocket Lab's EV-to-OCF or its related term are showing as below:
RKLB'
s EV-to-OCF Range Over the Past 10 Years
Min: -529.75 Med: -41.09 Max: -12.95
Current: -214.97
During the past 6 years, the highest EV-to-OCF of Rocket Lab was -12.95. The lowest was -529.75. And the median was -41.09.
RKLB's EV-to-OCF is ranked better than 95.53% of 358
companies
in the Aerospace & Defense industry
Industry Median: 14.44
vs RKLB: -214.97
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Rocket Lab's share price for today is $80.01.
Rocket Lab's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.270.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Rocket Lab EV-to-OCF Related Terms
Rocket Lab EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Rocket Lab's EV-to-OCF 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.
For the Aerospace & Defense subindustry, Rocket Lab's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Rocket Lab's EV-to-OCF falls into.
Rocket Lab's current Enterprise Value is $47,823.3 Mil.
Rocket Lab's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-222.5 Mil.
* 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 EV-to-OCF of -214.97 as of Aug. 12, 2026. According to the industry distribution chart, Rocket Lab ranks #16 out of 358 companies in the Aerospace & Defense industry, placing it in the top 4.5%.
Is Rocket Lab's EV-to-OCF too high?
Rocket Lab's current EV-to-OCF is -214.97. Based on the distribution chart, Rocket Lab ranks #16 out of 358 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 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab's EV-to-OCF compare to AXON and HEI.A?
According to the Aerospace & Defense industry distribution chart, Rocket Lab ranks #16 out of 358 companies for EV-to-OCF. This places Rocket Lab in the top 5% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 14.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 14.44, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median EV-to-OCF is 14.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab's current EV-to-OCF is -214.97. 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 $36.76, compared to a current price of $80.01 — trading 117.7% above its estimated fair value. The current EV-to-OCF is -214.97. Rocket Lab's overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Rocket Lab (RKLB), the current EV-to-OCF is -214.97 as of Aug. 12, 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 $80.01 is trading 117.7% above its estimated GF Value™ of $36.76.
GuruFocus considers Rocket Lab to be Significantly Overvalued.
Key valuation signals for RKLB:
EV-to-OCF: -214.97
GF Value™: $36.76 vs. price of $80.01 (117.7% above fair value)
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.
67GF Score
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