Rocket LabXSWX:RKLB 71 Net Current Asset Value is CHF2.00 as of Mar. 2026, which is 100% below its 10-year median of 15.24. GuruFocus rates XSWX:RKLB with a GF Score™ of 71/100 and a GF Value™ of CHF21.59. The stock has 1 warning sign investors should review. Among 197 Aerospace & Defense companies, Rocket Lab ranks worse than 90.86% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Rocket Lab's net current asset value per share for the quarter that ended in Mar. 2026 was CHF2.00.
The historical rank and industry rank for Rocket Lab's Net Current Asset Value or its related term are showing as below:
XSWX:RKLB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.26 Med: 15.24 Max: 132.48
Current: 50.08
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rocket Lab was 132.48. The lowest was 4.26. And the median was 15.24.
XSWX:RKLB's Price-to-Net-Current-Asset-Value is ranked worse than 90.86% of 197
companies
in the Aerospace & Defense industry
Industry Median: 8.24
vs XSWX:RKLB: 50.08
Rocket Lab (XSWX:RKLB) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Rocket Lab Net Current Asset Value Related Terms
Rocket Lab Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Rocket Lab's Net Current Asset Value 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 Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rocket Lab's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of CHF2.00 mean?
Rocket Lab (XSWX:RKLB) has a Net Current Asset Value of CHF2.00 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Rocket Lab and its competitors. This is 87% below median its historical median of 15.24. Over the past decade, Rocket Lab's Net Current Asset Value has ranged from 4.26 to 132.48. According to the industry distribution chart, Rocket Lab ranks #179 out of 197 companies in the Aerospace & Defense industry, placing it in the top 90.9%.
Is Rocket Lab's Net Current Asset Value too high?
Rocket Lab's current Net Current Asset Value of CHF2.00 is 87% below median its 10-year median of 15.24. Over the past 10 years, this metric has ranged from a low of 4.26 to a high of 132.48. Based on the distribution chart, Rocket Lab ranks #179 out of 197 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Rocket Lab has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab's Net Current Asset Value compare to ?
According to the Aerospace & Defense industry distribution chart, Rocket Lab ranks #179 out of 197 companies for Net Current Asset Value. This places Rocket Lab in the lower half of its industry. The industry median Net Current Asset Value is 8.24. Historically, Rocket Lab's own Net Current Asset Value has ranged from 4.26 to 132.48 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.24, based on 197 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Rocket Lab and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab's current Net Current Asset Value is CHF2.00, which is 87% below median its own 10-year median of 15.24. 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?
Rocket Lab (XSWX:RKLB) has a current Net Current Asset Value of CHF2.00. The stock's GF Value™ is CHF21.59, compared to a current price of CHF81.13 — trading 275.8% above its estimated fair value. The current Net Current Asset Value is CHF2.00, which is 87% below median its 10-year median of 15.24. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Rocket Lab (XSWX:RKLB), the current Net Current Asset Value is CHF2.00 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 (XSWX:RKLB) Overvalued in 2026?
Based on GuruFocus' analysis, Rocket Lab stock appears to be overvalued.
The current stock price of CHF81.13 is trading 275.8% above its estimated GF Value™ of CHF21.59.
Key valuation signals for XSWX:RKLB:
Net Current Asset Value: CHF2.00 (87% below median its 10-year median of 15.24)
GF Value™: CHF21.59 vs. price of CHF81.13 (275.8% above fair value)
No single metric tells the full story. See the XSWX: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
Get the complete analysis for XSWX:RKLB
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:RKLB has been successfully added to your 
