RLX Technology (RLX Technology) Price-to-Tangible-Book : 1.47 (As of May. 23, 2024)

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What is RLX Technology Price-to-Tangible-Book?

As of today (2024-05-23), RLX Technology's share price is $1.98. RLX Technology's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $1.35. Hence, RLX Technology's Price to Tangible Book Ratio of today is 1.47.

The historical rank and industry rank for RLX Technology's Price-to-Tangible-Book or its related term are showing as below:

RLX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.69 Med: 1.55 Max: 8.79
Current: 1.46

During the past 6 years, RLX Technology's highest Price to Tangible Book Ratio was 8.79. The lowest was 0.69. And the median was 1.55.

RLX's Price-to-Tangible-Book is ranked better than
61.11% of 36 companies
in the Tobacco Products industry
Industry Median: 3.455 vs RLX: 1.46

A closely related ratio is called PB Ratio. As of today, RLX Technology's share price is $1.98. RLX Technology's Book Value per Sharefor the quarter that ended in Mar. 2024 was $1.36. Hence, RLX Technology's P/B Ratio of today is 1.45.

RLX Technology Price-to-Tangible-Book Historical Data

The historical data trend for RLX Technology's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RLX Technology Price-to-Tangible-Book Chart

RLX Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.88

1.58

1.45

RLX Technology Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.01	1.24	1.09	1.45	1.42

Competitive Comparison of RLX Technology's Price-to-Tangible-Book

For the Tobacco subindustry, RLX Technology's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RLX Technology's Price-to-Tangible-Book Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where RLX Technology's Price-to-Tangible-Book falls into.

RLX Technology Price-to-Tangible-Book Calculation

RLX Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	1.98	/	1.35
	=	1.47

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

RLX Technology Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of RLX Technology's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

RLX Technology (RLX Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » RLX Technology Inc (NYSE:RLX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

3CM:Germany

Address

No. 10 South Chaoyang Park Avenue, 19th Floor, Building 1, Junhao Central Park Plaza, Chaoyang District, Beijing, CHN, 100026

Website

https://www.relxtech.com

RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and "Branded store plus" retail model tailored to China's e-vapor market.