RLX Technology (RLX) Price to Sales (2021 - 2026)
RLX Technology's (RLX) Price to Sales stood at 4.20 in the quarter ended Jun 30, 2026, down 44.4% from 7.55 a year earlier and down 16.9% from the prior quarter.
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Analysis
RLX Technology (RLX) Price to Sales (2021 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, RLX Technology's Price to Sales came in at 6.38, down 28.2% from the prior year.
- Across earlier years, Price to Sales came in at 8.89 in the year ended Dec 31, 2024 (-36.8%), 14.06 in the year ended Dec 31, 2023 (+200.9%), 4.67 in the year ended Dec 31, 2022 (+2.3%) and 4.57 in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Price to Sales since the quarter ended Sep 30, 2022.
- On a year-over-year basis, Price to Sales has declined for nine consecutive quarters, with an average decline of 29.8% over the last eight quarters.
- Peak year-over-year performance for Price to Sales in the last five years was growth of 707.1% in the quarter ended Sep 30, 2023, against a decline of 86.5% in the quarter ended Mar 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.05 (quarter ended Mar 31, 2026), 6.49 (quarter ended Dec 31, 2025) and 8.08 (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 | 4.20 |
| Mar 31, 2026 | 5.05 |
| Dec 31, 2025 | 6.49 |
| Sep 30, 2025 | 8.08 |
| Jun 30, 2025 | 7.55 |
| Mar 31, 2025 | 6.98 |
| Dec 31, 2024 | 8.76 |
| Sep 30, 2024 | 8.27 |
| Jun 30, 2024 | 9.81 |
| Mar 31, 2024 | 11.58 |
| Dec 31, 2023 | 14.84 |
| Sep 30, 2023 | 12.64 |
| Jun 30, 2023 | 10.08 |
| Mar 31, 2023 | 8.18 |
| Dec 31, 2022 | 4.52 |
| Sep 30, 2022 | 1.57 |
| Jun 30, 2022 | 2.87 |
| Mar 31, 2022 | 2.29 |
| Dec 31, 2021 | 4.63 |
| Sep 30, 2021 | 5.12 |
API Access
RLX Technology Price to Sales 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-sales&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();