RLX Technology (RLX) Price to Book (2021 - 2026)
RLX Technology's (RLX) quarterly Price to Book came in at 1.28 in Q2 2026, down 15.37% on a YoY basis from 1.51 in Q2 2025, and down 13.06% quarter-over-quarter from 1.47 in Q1 2026.
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RLX Technology (RLX) Price to Book (2021 - 2026) Analysis & Trends
RLX Technology (RLX) has reported Price to Book for 6 consecutive years, with 1.28 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book fell 15.37% year-over-year to 1.28; the trailing twelve-month figure through Jun 2026 stood at 1.28 (down 15.37% YoY), and the FY2025 full-year result was 1.6, up 5.04% from the prior year.
- Price to Book declined to 1.28 in Q2 2026 per RLX's latest filing, from 1.47 in the prior quarter.
- Across five years, Price to Book topped out at 2.01 in Q1 2023 and bottomed at 0.75 in Q3 2022.
- Historically, Price to Book has averaged 1.42 across 5 years, with a median of 1.43 in 2023.
- The sharpest annual moves came in 2022 and 2023: Price to Book slumped 83.41% in 2022, then soared 53.0% in 2023.
- Over 5 years, Price to Book stood at 1.65 in 2022, then fell by 12.3% to 1.45 in 2023, then rose by 3.64% to 1.5 in 2024, then climbed by 8.26% to 1.63 in 2025, then declined by 21.46% to 1.28 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 1.28, 1.47, and 1.63 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 284.46 Bn | 280.39 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 126.98 Bn | 123.54 Bn | - |
| 3 | Altria | 115.00 Bn | 112.68 Bn | 3.82 Bn |
| 4 | RLX Technology | 2.79 Bn | 2.09 Bn | 52.74 Mn |
| 5 | Turning Point Brands | 1.51 Bn | 1.26 Bn | 93.70 Mn |
| 6 | VPR Brands | 7.34 Mn | 5.00 Mn | 161,075.00 |
| 7 | 22nd Century | 512,640.46 | -5.55 Mn | -293,000.00 |
| 8 | Cirtran | 197,816.68 | -168,530.32 | 619,024.00 |
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 |