RLX Technology (RLX) Price to Earnings (2021 - 2026)
RLX Technology's Price to Earnings was 20.29 in the quarter ended Jun 30, 2026, down 39.4% from 33.47 a year earlier and down 14.9% from the prior quarter.
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Analysis
RLX Technology (RLX) Price to Earnings (2021 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Price to Earnings at RLX Technology came in at 27.76, down 35.9% from the prior year.
- In earlier years, Price to Earnings was 43.27 in the year ended Dec 31, 2024 (+5.0%), 41.23 in the year ended Dec 31, 2023 (+139.4%), 17.22 in the year ended Dec 31, 2022 (-1.6%) and 17.49 in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Price to Earnings since the quarter ended Dec 31, 2022.
- Compared with a year earlier, Price to Earnings has declined for three straight quarters, with an average decline of 18.7% over the last eight quarters.
- The best year-over-year quarter for Price to Earnings over five years was the quarter ended Mar 31, 2023 (growth of 672.5%); the worst was the quarter ended Mar 31, 2022 (a decline of 99.6%).
- Per Business Quant data, RLX's Price to Earnings in the three quarters before the quarter ended Jun 30, 2026 was 23.84 (quarter ended Mar 31, 2026), 27.51 (quarter ended Dec 31, 2025) and 37.82 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn |
| 10 | Verano Holdings | 771.72 Mn | 445.33 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.29 |
| Mar 31, 2026 | 23.84 |
| Dec 31, 2025 | 27.51 |
| Sep 30, 2025 | 37.82 |
| Jun 30, 2025 | 33.47 |
| Mar 31, 2025 | 32.23 |
| Dec 31, 2024 | 42.88 |
| Sep 30, 2024 | 31.25 |
| Jun 30, 2024 | 31.49 |
| Mar 31, 2024 | 29.81 |
| Dec 31, 2023 | 42.13 |
| Sep 30, 2023 | 215.14 |
| Jun 30, 2023 | 45.97 |
| Mar 31, 2023 | 46.28 |
| Dec 31, 2022 | 16.59 |
| Sep 30, 2022 | 5.00 |
| Jun 30, 2022 | 8.21 |
| Mar 31, 2022 | 5.99 |
| Dec 31, 2021 | 19.35 |
| Sep 30, 2021 | 23.69 |
API Access
RLX Technology Price to Earnings 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-earnings&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();