As of Q4'25, RKLB's latest P/B Ratio stands at 23.20, reflecting a substantial increase compared to previous quarters. This marks a notable rise from the prior quarter's value of 21.64 and is significantly higher than the levels observed throughout 2023 and early 2024. Analyzing the overall trend from Q1'23 to Q4'25, the P/B Ratio for RKLB has experienced pronounced growth, particularly accelerating from Q2'24 onward. After a relatively stable period with values ranging between 2.95 and 5.27 up to Q2'24, the ratio surged sharply, peaking at 30.78 in Q2'25 before a slight pullback. This upward trajectory suggests a significant change in market valuation or underlying book value dynamics over the observed period.