Rocket Lab Corp
30.53xPrice / tangible book
Market cap
$39.42B
Tangible equity
$1.29B
Price / tangible book
30.53x
Price / book
22.89x
Return on equity
-11.5%
Return on assets
-8.5%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $39.42B · View financials
Snapshot Sep 8, 2026, 3:56 PM ET
FY 2025 ·
Decision snapshot: RKLB stock price at premium vs ONB $65.88 current versus $3.83 implied using P/TBV multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ONB's multiple
Implied fair value · at RKLB's multiple
Snapshot Sep 8, 2026, 3:56 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple premium
Profitability lag
Asset efficiency lag
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: RKLB FY 2025 (ended Dec 31, 2025) · ONB FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$39.42B
Tangible equity
$1.29B
Price / tangible book
30.53x
Price / book
22.89x
Return on equity
-11.5%
Return on assets
-8.5%
Efficiency ratio
—
Price / tangible book
Market cap
$9.91B
Tangible equity
$5.59B
Price / tangible book
1.77x
Price / book
1.17x
Return on equity
7.9%
Return on assets
0.9%
Efficiency ratio
39.8%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Rocket Lab Corp · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Old National Bancorp · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.00x
7.47x
Net debt / EBITDA
Leverage against operating earnings
6.55x
27.97x
Cash and equivalents
Liquid reserves on the balance sheet
$1.02B
$1.83B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$1.72M
$63.49B
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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