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Rocket Lab USARKLBW 72 Net-Net Working Capital is $0.00 as of Mar. 2026. GuruFocus rates RKLBW with a GF Score™ of 72/100. The stock has 1 warning sign investors should review. Among 117 Aerospace & Defense companies, Rocket Lab USA ranks worse than 89.74% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Rocket Lab USA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.00.
The industry rank for Rocket Lab USA's Net-Net Working Capital or its related term are showing as below:
RKLBW's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 10.28 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Rocket Lab USA (NAS:RKLBW) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Rocket Lab USA Net-Net Working Capital Related Terms
Rocket Lab USA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Rocket Lab USA's Net-Net Working Capital 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.
RKLBW vs AXON, HEI.A, CW: Net-Net Working Capital Comparison
For the Aerospace & Defense subindustry, Rocket Lab USA's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 USA Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Rocket Lab USA's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.00 mean?
Rocket Lab USA (RKLBW) has a Net-Net Working Capital of $0.00 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Rocket Lab USA According to the industry distribution chart, Rocket Lab USA ranks #105 out of 117 companies in the Aerospace & Defense industry, placing it in the top 89.7%.
Is Rocket Lab USA's Net-Net Working Capital too high?
Rocket Lab USA's current Net-Net Working Capital is $0.00. Based on the distribution chart, Rocket Lab USA ranks #105 out of 117 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Rocket Lab USA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab USA's Net-Net Working Capital compare to AXON and HEI.A?
According to the Aerospace & Defense industry distribution chart, Rocket Lab USA ranks #105 out of 117 companies for Net-Net Working Capital. This places Rocket Lab USA in the lower half of its industry. The industry median Net-Net Working Capital is 10.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 10.28, based on 117 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Rocket Lab USA For the Aerospace & Defense industry, the median Net-Net Working Capital is 10.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab USA's current Net-Net Working Capital is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocket Lab USA stock overvalued right now?
Rocket Lab USA (RKLBW) has a current Net-Net Working Capital of $0.00. The current Net-Net Working Capital is $0.00. Rocket Lab USA's overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Rocket Lab USA (RKLBW), the current Net-Net Working Capital is $0.00 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.
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.
72GF Score
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