RELX Plc (RELX) Financial Ratios
30 years of historical data (1995–2024) · Communication Services · Publishing
EV/EBITDA
↑
17.13
↓-30% vs avg
5yr avg: 24.43
30Y Low15.1·High60.5
P/FCF
↓
18.38
↓-47% vs avg
5yr avg: 34.93
30Y Low23.9·High83.7
P/B Ratio
↑
14.09
↓-32% vs avg
5yr avg: 20.58
30Y Low8.5·High31.9
ROE
↓
55.7%
↓+5% vs avg
5yr avg: 52.9%
30Y Low-3%·High70%
Debt/EBITDA
↓
2.08
↓-10% vs avg
5yr avg: 2.30
30Y Low1.5·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RELX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
RELX Plc trades at 25.5x earnings, 36% below its 5-year average of 40.2x, sitting at the 0th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.5x, the stock trades at a premium of 64%. On a free-cash-flow basis, the stock trades at 18.4x P/FCF, 47% below the 5-year average of 34.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $64.7B | $85.2B | $75.5B | $53.5B | $63.2B | $47.8B | $49.4B | $40.9B | $48.2B | $37.4B | $37.9B |
| Enterprise Value | $73.4B | $91.7B | $81.8B | $59.9B | $69.3B | $54.8B | $55.7B | $47.1B | $53.0B | $42.1B | $41.7B |
| P/E Ratio → | 25.54 | 44.10 | 42.19 | 32.61 | 42.91 | 39.14 | 32.82 | 28.90 | 29.26 | 32.09 | 38.76 |
| P/S Ratio | 5.04 | 9.04 | 8.24 | 6.25 | 8.73 | 6.72 | 6.28 | 5.45 | 6.56 | 5.42 | 6.35 |
| P/B Ratio | 14.09 | 24.33 | 21.94 | 14.25 | 19.62 | 22.74 | 22.57 | 17.32 | 20.32 | 15.85 | 17.42 |
| P/FCF | 18.38 | 32.94 | 38.11 | 27.22 | 37.67 | 38.72 | 28.93 | 25.17 | 32.29 | 27.70 | 34.48 |
| P/OCF | 18.24 | 32.68 | 30.71 | 22.27 | 31.37 | 29.94 | 23.66 | 20.58 | 26.10 | 22.22 | 26.96 |
P/E links to full P/E history page with 30-year chart
RELX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
RELX Plc's enterprise value stands at 17.1x EBITDA, 30% below its 5-year average of 24.4x. The Communication Services sector median is 8.7x, placing the stock at a 97% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.72 | 8.93 | 7.00 | 9.57 | 7.71 | 7.08 | 6.29 | 7.21 | 6.10 | 6.99 |
| EV / EBITDA | 17.13 | 29.07 | 24.07 | 19.27 | 26.57 | 23.15 | 20.01 | 18.01 | 20.70 | 18.23 | 20.68 |
| EV / EBIT | 18.88 | 32.30 | 31.52 | 26.31 | 36.06 | 33.55 | 25.94 | 24.57 | 27.87 | 25.52 | 28.49 |
| EV / FCF | — | 35.42 | 41.32 | 30.47 | 41.27 | 44.43 | 32.60 | 29.02 | 35.48 | 31.17 | 37.92 |
RELX Profitability
Margins and return-on-capital ratios measuring operating efficiency
RELX Plc earns an operating margin of 30.3%. Operating margins have expanded from 27.2% to 30.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 55.7% is exceptionally high. ROIC of 21.8% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.0% | 65.0% | 64.9% | 64.4% | 64.6% | 65.0% | 65.0% | 64.7% | 64.2% | 63.9% | 64.3% |
| Operating Margin | 30.3% | 30.3% | 29.3% | 27.2% | 26.0% | 21.4% | 26.7% | 26.2% | 25.9% | 24.8% | 25.1% |
| Net Profit Margin | 20.5% | 20.5% | 19.4% | 19.1% | 20.3% | 17.2% | 19.1% | 19.0% | 22.6% | 16.8% | 16.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 55.7% | 55.7% | 49.5% | 46.8% | 55.2% | 57.0% | 66.2% | 60.1% | 70.1% | 51.2% | 46.7% |
| ROA | 12.9% | 12.9% | 11.6% | 11.0% | 10.5% | 8.8% | 10.8% | 10.8% | 13.0% | 9.5% | 9.1% |
| ROIC | 21.8% | 21.8% | 20.2% | 17.9% | 15.3% | 13.0% | 18.5% | 18.7% | 20.1% | 19.7% | 19.3% |
| ROCE | 30.4% | 30.4% | 26.7% | 22.4% | 19.0% | 17.3% | 25.4% | 23.9% | 24.2% | 22.8% | 21.2% |
RELX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
RELX Plc carries a Debt/EBITDA ratio of 2.1x, which is manageable (39% below the sector average of 3.4x). Net debt stands at $6.4B ($6.5B total debt minus $119M cash). Interest coverage of 10.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.87 | 1.87 | 1.89 | 1.79 | 1.91 | 3.39 | 2.93 | 2.70 | 2.06 | 2.05 | 1.79 |
| Debt / EBITDA | 2.08 | 2.08 | 1.91 | 2.17 | 2.36 | 3.01 | 2.30 | 2.43 | 1.91 | 2.10 | 1.93 |
| Net Debt / Equity | — | 1.83 | 1.84 | 1.70 | 1.88 | 3.35 | 2.87 | 2.65 | 2.01 | 1.99 | 1.74 |
| Net Debt / EBITDA | 2.04 | 2.04 | 1.87 | 2.06 | 2.32 | 2.97 | 2.25 | 2.39 | 1.86 | 2.03 | 1.87 |
| Debt / FCF | — | 2.48 | 3.20 | 3.25 | 3.61 | 5.70 | 3.67 | 3.85 | 3.20 | 3.47 | 3.44 |
| Interest Coverage | 10.18 | 10.18 | 8.94 | 11.33 | 12.56 | 8.71 | 6.69 | 9.05 | 10.24 | 8.41 | 8.46 |
RELX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.52x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.59x to 0.52x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.52 | 0.52 | 0.52 | 0.59 | 0.63 | 0.52 | 0.41 | 0.44 | 0.48 | 0.44 | 0.46 |
| Quick Ratio | 0.47 | 0.47 | 0.47 | 0.53 | 0.56 | 0.52 | 0.37 | 0.40 | 0.43 | 0.40 | 0.42 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.06 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| Asset Turnover | — | 0.62 | 0.61 | 0.54 | 0.52 | 0.50 | 0.57 | 0.54 | 0.60 | 0.52 | 0.53 |
| Inventory Turnover | 9.97 | 9.97 | 10.11 | 9.85 | 10.13 | — | 12.70 | 12.47 | 13.36 | 11.90 | 13.47 |
| Days Sales Outstanding | — | 95.45 | 80.84 | 102.63 | 98.76 | 98.92 | 95.82 | 87.26 | 82.38 | 106.67 | 97.87 |
RELX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
RELX Plc returns 4.4% to shareholders annually — split between a 2.3% dividend yield and 2.1% buyback yield. A payout ratio of 58.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 1.3% | 1.4% | 1.8% | 1.5% | 1.8% | 1.7% | 1.9% | 1.6% | 1.8% | 1.5% |
| Payout Ratio | 58.0% | 58.0% | 59.5% | 60.2% | 62.5% | 71.9% | 55.9% | 56.0% | 45.9% | 58.8% | 57.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 2.3% | 2.4% | 3.1% | 2.3% | 2.6% | 3.0% | 3.5% | 3.4% | 3.1% | 2.6% |
| FCF Yield | 5.4% | 3.0% | 2.6% | 3.7% | 2.7% | 2.6% | 3.5% | 4.0% | 3.1% | 3.6% | 2.9% |
| Buyback Yield | 2.1% | 1.2% | 1.1% | 1.0% | 0.0% | 0.4% | 1.3% | 1.8% | 1.5% | 2.0% | 1.4% |
| Total Shareholder Yield | 4.4% | 2.5% | 2.5% | 2.9% | 1.5% | 2.2% | 3.0% | 3.8% | 3.1% | 3.8% | 2.9% |
| Shares Outstanding | — | $1.9B | $1.9B | $1.9B | $1.9B | $1.9B | $2.0B | $2.0B | $2.0B | $2.1B | $2.1B |
Peer Comparison
Compare RELX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RELXYou | $65B | 25.5 | 17.1 | 18.4 | 65.0% | 30.3% | 55.7% | 21.8% | 2.1 |
 TRI | $40B | 27.0 | 14.1 | 19.5 | 36.4% | 26.3% | 12.8% | 11.2% | 0.7 |
 WLY | $2B | 26.6 | 7.0 | 12.6 | 71.2% | 13.2% | 11.3% | 10.7% | 2.4 |
 VRSK | $22B | 26.3 | 15.0 | 18.8 | 67.3% | 44.6% | 437.9% | 33.0% | 3.0 |
 IHS | $3B | 19.5 | 8.4 | 6.6 | 54.6% | 16.8% | — | 7.1% | 5.4 |
 SPGI | $125B | 28.9 | 18.0 | 23.0 | 70.2% | 42.2% | 12.1% | 9.7% | 1.9 |
 MCO | $80B | 32.8 | 21.5 | 30.9 | 68.2% | 44.8% | 62.0% | 22.5% | 1.9 |
 MSCI | $42B | 37.4 | 24.9 | 27.4 | 82.4% | 54.7% | — | 34.9% | 3.3 |
 FDS | $9B | 13.6 | 11.0 | 14.8 | 52.7% | 32.2% | 29.1% | 15.5% | 1.7 |
 NWSA | $15B | 12.7 | 10.9 | 20.5 | 100.0% | 11.3% | 12.8% | 6.8% | 2.1 |
 GHC | $5B | 16.9 | 15.0 | 18.2 | 27.6% | 5.1% | 6.4% | 3.3% | 4.1 |
| Communication Services Median | — | 15.5 | 8.7 | 11.6 | 49.1% | 0.9% | 2.2% | 3.3% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full RELX Stock Analysis
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Start ComparisonRELX — Frequently Asked Questions
Quick answers to the most common questions about buying RELX stock.
What is RELX Plc's P/E ratio?
RELX Plc's current P/E ratio is 25.5x. The historical average is 40.5x.
What is RELX Plc's EV/EBITDA?
RELX Plc's current EV/EBITDA is 17.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 30.7x.
What is RELX Plc's ROE?
RELX Plc's return on equity (ROE) is 55.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 35.2%.
Is RELX stock overvalued?
Based on historical data, RELX Plc is trading at a P/E of 25.5x. Compare with industry peers and growth rates for a complete picture.
What is RELX Plc's dividend yield?
RELX Plc's current dividend yield is 2.27% with a payout ratio of 58.0%.
What are RELX Plc's profit margins?
RELX Plc has 65.0% gross margin and 30.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does RELX Plc have?
RELX Plc's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.