RLX Technology (RLX) Price to Book (2021 - 2026)
RLX Technology's Price to Book was 1.28 in the quarter ended Jun 30, 2026, down 15.4% from 1.51 a year earlier and down 13.1% from the prior quarter.
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Analysis
RLX Technology (RLX) Price to Book (2021 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Price to Book at RLX Technology came in at 1.60, up 5.0% from the prior year.
- In earlier years, Price to Book was 1.53 in the year ended Dec 31, 2024 (+6.8%), 1.43 in the year ended Dec 31, 2023 (-10.8%), 1.60 in the year ended Dec 31, 2022 (-44.3%) and 2.88 in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Price to Book since the quarter ended Sep 30, 2024.
- Compared with a year earlier, Price to Book was higher in six of the last eight quarters, with growth averaging 9.0%.
- The best year-over-year quarter for Price to Book over five years was the quarter ended Mar 31, 2023 (growth of 53.0%); the worst was the quarter ended Mar 31, 2022 (a decline of 83.4%).
- Per Business Quant data, RLX's Price to Book in the three quarters before the quarter ended Jun 30, 2026 was 1.47 (quarter ended Mar 31, 2026), 1.63 (quarter ended Dec 31, 2025) and 1.79 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 |
| Mar 31, 2026 | 1.47 |
| Dec 31, 2025 | 1.63 |
| Sep 30, 2025 | 1.79 |
| Jun 30, 2025 | 1.51 |
| Mar 31, 2025 | 1.30 |
| Dec 31, 2024 | 1.50 |
| Sep 30, 2024 | 1.27 |
| Jun 30, 2024 | 1.34 |
| Mar 31, 2024 | 1.42 |
| Dec 31, 2023 | 1.45 |
| Sep 30, 2023 | 1.09 |
| Jun 30, 2023 | 1.26 |
| Mar 31, 2023 | 2.01 |
| Dec 31, 2022 | 1.65 |
| Sep 30, 2022 | 0.75 |
| Jun 30, 2022 | 1.53 |
| Mar 31, 2022 | 1.31 |
| Dec 31, 2021 | 2.89 |
| Sep 30, 2021 | 3.15 |
API Access
RLX Technology Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "RLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();