RLX PE Ratio & Valuation, Is RLX Overvalued

Historical Valuation

RLX Technology Inc (RLX) is now in the Fair zone, suggesting that its current forward PE ratio of 17.41 is considered Fairly compared with the five-year average of 21.29. The fair price of RLX Technology Inc (RLX) is between 1.71 to 3.71 according to relative valuation method.

Relative Value

Fair Zone

1.71-3.71

Current Price：2.24

Fair

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

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RLX Technology Inc (RLX) has a current Price-to-Book (P/B) ratio of 1.22. Compared to its 3-year average P/B ratio of 1.14, the current P/B ratio is approximately 7.42% higher. Relative to its 5-year average P/B ratio of 2.82, the current P/B ratio is about -56.65% higher. RLX Technology Inc (RLX) has a Forward Free Cash Flow (FCF) yield of approximately 6.48%. Compared to its 3-year average FCF yield of 1.63%, the current FCF yield is approximately 296.92% lower. Relative to its 5-year average FCF yield of 3.56%, the current FCF yield is about 82.07% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for RLX competitors is 2.68, providing a benchmark for relative valuation. RLX Technology Inc Corp (RLX.N) exhibits a P/S ratio of 4.30, which is 60.25% above the industry average. Given its robust revenue growth of 52.18%, this premium appears sustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of RLX increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of RLX in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is RLX currently overvalued or undervalued?

What is RLX Technology Inc (RLX) fair value?

RLX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of RLX Technology Inc (RLX) is between 1.71 to 3.71 according to relative valuation method.

How does RLX's valuation metrics compare to the industry average?

The average P/S ratio for RLX's competitors is 2.68, providing a benchmark for relative valuation. RLX Technology Inc Corp (RLX) exhibits a P/S ratio of 4.30, which is 60.25% above the industry average. Given its robust revenue growth of 52.18%, this premium appears sustainable.

What is the current P/B ratio for RLX Technology Inc (RLX) as of Mar 11 2026?

As of Mar 11 2026, RLX Technology Inc (RLX) has a P/B ratio of 1.22. This indicates that the market values RLX at 1.22 times its book value.

What is the current FCF Yield for RLX Technology Inc (RLX) as of Mar 11 2026?

As of Mar 11 2026, RLX Technology Inc (RLX) has a FCF Yield of 6.48%. This means that for every dollar of RLX Technology Inc's market capitalization, the company generates 6.48 cents in free cash flow.

What is the current Forward P/E ratio for RLX Technology Inc (RLX) as of Mar 11 2026?

As of Mar 11 2026, RLX Technology Inc (RLX) has a Forward P/E ratio of 17.41. This means the market is willing to pay $17.41 for every dollar of RLX Technology Inc's expected earnings over the next 12 months.

What is the current Forward P/S ratio for RLX Technology Inc (RLX) as of Mar 11 2026?

As of Mar 11 2026, RLX Technology Inc (RLX) has a Forward P/S ratio of 4.30. This means the market is valuing RLX at $4.30 for every dollar of expected revenue over the next 12 months.

RLX Valuation