Stock fact sheet · data as of
Rocket Companies, Inc. (RKT): fair value, margin of safety and Wheel Score
Ticker symbol RKT · Financial Services · Financial - Mortgages · United States · Class A common stock · Growth
RKT is Rocket Companies, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is RKT undervalued?
Rocket Companies, Inc. (RKT) closed at 15.01 on 5 Nov 2026, 70% above the GLS average fair value of 8.83. 7 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between GLS Growth (1.34) and Graham Growth (23.40). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, RKT is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 27, growth score 51, out of 100).
Nine valuation models for RKT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.46 | -90% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.41 | -37% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 23.40 | +56% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 10.01 | -33% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.34 | -91% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 12.07 | -20% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 7.83 | -48% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 5.10 | -66% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -11.70 | -178% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 15.00 | -0% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Rocket Companies, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.9/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -0.3%, ROE -0.3%, ROA -0.1% - with debt at 0.00 times equity and a free-cash-flow yield of 2.7%.
Rocket Companies, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Direct To Customer 88%, Partner Network 12% (quarter Q1 FY2026).
Institutional ownership scores 4/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.3% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | -0.3% |
| Debt / equity | 0.00 | ROA | -0.1% |
| Free-cash-flow yield | 2.7% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 37: Weak
With a Wheel Score of 37 Rocket Companies, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 70% above our fair value; Value (weak) is its weakest part.
Implied volatility is 55% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 635,508 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 56.3M shares a day on a market cap of $42.4B, with a beta of 2.28 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 70% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 70% above fair value | |
| Premium | Strong | implied volatility 55% | |
| Moat | Fair | moat 3.9/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 67/100 | |
| Option trading | Strong | 78,447 contracts a day, 635,508 open interest | |
| Stability | Fair | beta 2.28, $42.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for RKT in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Mortgages
The 12 companies below are the closest to Rocket Companies, Inc. by market cap within the Financial - Mortgages industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FMCCT Freddie Mac 6.42% Non-Cum. Perp. Pfd. | 11.28 | 201.23 | +94% | 28No options | $7.3B |
| FNMAL Federal National Mortgage Association | 9.92 | 98.81 | +90% | 33No options | $5.8B |
| FNMAG Federal National Mortgage Association | 11.55 | 102.75 | +89% | 33No options | $5.7B |
| FNMA Federal National Mortgage Association | 4.79 | 86.41 | +94% | 33No options | $5.5B |
| FNMAK Federal National Mortgage Association | 10.75 | 100.82 | +89% | 33No options | $5.5B |
| FNMAM Federal National Mortgage Association | 10.53 | 100.28 | +89% | 33No options | $5.5B |
| FNMFM Federal National Mortgage Association | 9.55 | 97.92 | +90% | 33No options | $5.5B |
| FNMAP Federal National Mortgage Association | 8.93 | 96.42 | +91% | 33No options | $5.5B |
| FNMAJ Federal National Mortgage Association | 6.01 | 89.36 | +93% | 33No options | $5.5B |
| FNMAO Federal National Mortgage Association | 9.00 | 96.59 | +91% | 33No options | $5.5B |
| FNMAI Federal National Mortgage Association | 5.67 | 88.53 | +94% | 33No options | $5.5B |
| FNMFN Federal National Mortgage Association | 12.07 | 104.01 | +88% | 33No options | $5.5B |
⚖ Compare RKT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about RKT
What kind of share is RKT?
RKT is Rocket Companies, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is RKT undervalued right now?
No: at 15.01 the stock trades 70% above the GLS average fair value of 8.83 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of RKT and what does it mean?
RKT scores 37 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for RKT?
8.83 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Rocket Companies, Inc. report earnings next?
No upcoming earnings date is recorded for RKT in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does RKT have listed options, and how liquid are they?
Yes. The nightly snapshot found 286 listed contracts with 635,508 open interest across all expiries and implied volatility of 55% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.