# RELX PLC (REL.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Communication Services / Diversified Telecommunication Services. Price 2581p, market value 45.1 billionp.

## Valuation
- **P/E (trailing): 20.6×** (5-yr avg 3074.4×, 3-yr avg 3174.9×). RELX PLC trades at 20.6× trailing earnings, well below its own five-year average of 3074.4×: cheap by its own standards. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 16.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.88**. A PEG of 1.88 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **Price / book: 36.5×**. The shares trade at 36.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 7.2×**. Enterprise value is 7.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.1%** (5-yr avg 0.0%). Free cash flow equals 12.1% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.8%**. The inverse of the P/E: 4.8% of the price is earned each year.

## Profitability
- **Gross margin: 63.7%**. RELX PLC keeps 63.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 30.9%**. 30.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 21.5%**. 21.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 87.3%**. A 87.3% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 46.6%**. Return on all capital, debt included, is 46.6%: comfortably above what that capital costs.
- **Return on assets: 27.1%**. Each dollar of assets produces 27.1% of profit.

## Growth
- **Revenue growth (1 yr): 1.7%** (3-yr 3.9%/yr, 5-yr 6.2%/yr). Revenue grew 1.7% over the last year, against 6.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.7%** (3-yr 9.6%/yr, 5-yr 12.2%/yr). Earnings per share rose 8.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 13.3%/yr**. Free cash flow has compounded at 13.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 3.10**. Debt is 3.10 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 9.9×**. Operating profit covers interest 9.9× over, a safe margin.
- **Current ratio: 0.49** (quick 0.44). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.47**. A Z-score of 3.47 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.63%** (1p per share, trailing). RELX PLC yields 2.63%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 57%** (42% of free cash flow). 57% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 7.1%/yr** (1-yr 7.2%). The dividend has grown 7.1% a year over five years.
- **Shareholder yield: 8.3%**. Dividends plus net buybacks return 8.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): -25.7%** (YTD -14.3%, 3-mo -0.1%). The shares are down 25.7% over twelve months including dividends.
- **From 52-week high: -27.8%** (29.6% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.43** (volatility 36%). Beta of 0.43 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=REL.L · Page: https://foliofundamentals.com/stocks/rel.l

Not investment advice.