RELX (CHIX:RELL) Cyclically Adjusted PB Ratio: 14.15 (As of Jul. 09, 2026) — 14% Below Median


CHIX:RELL RELX PLC CHIX:RELL
76 GF Score
Price £23.92
GF Value £37.03
Valuation Significantly Undervalued
! 3 Warning Signs
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What is RELX Cyclically Adjusted PB Ratio?

RELX CHIX:RELL -2.88% 76 Cyclically Adjusted PB Ratio is 14.15 as of Jul. 09, 2026, which is 14% below its 10-year median of 16.40. GuruFocus rates CHIX:RELL with a GF Score™ of 76/100 and a GF Value™ of £37.03 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 730 Business Services companies, RELX ranks worse than 97.12% on this metric.

As of today (2026-07-09), RELX's current share price is £23.92. RELX's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £1.69. RELX's Cyclically Adjusted PB Ratio for today is 14.15.

The historical rank and industry rank for RELX's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:RELl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.49   Med: 16.4   Max: 25.13
Current: 14.19

During the past 13 years, RELX's highest Cyclically Adjusted PB Ratio was 25.13. The lowest was 11.49. And the median was 16.40.

CHIX:RELl's Cyclically Adjusted PB Ratio is ranked worse than
97.12% of 730 companies
in the Business Services industry
Industry Median: 1.565 vs CHIX:RELl: 14.19

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

RELX's adjusted book value per share data of for the fiscal year that ended in Dec25 was £1.301. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is £1.69 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


RELX  (CHIX:RELl) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


RELX Cyclically Adjusted PB Ratio Related Terms


RELX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RELX's Cyclically Adjusted PB Ratio 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.

RELX Cyclically Adjusted PB Ratio Chart

RELX Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.04 15.79 19.97 22.07 17.86

RELX Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.97 0.00 22.07 0.00 17.86

CHIX:RELL vs CTAS, CPRT, ULS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, RELX's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


RELX Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, RELX's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RELX's Cyclically Adjusted PB Ratio falls into.


CHIX:RELL
76GF Score
RELX PLC CHIX:RELL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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RELX Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

RELX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.92/1.69
=14.15

* 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.

RELX's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, RELX's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.301/139.9000*139.9000
=1.301

Current CPI (Dec25) = 139.9000.

RELX Annual Data

Book Value per Share CPI Adj_Book
201612 1.131 102.200 1.548
201712 1.140 105.000 1.519
201812 1.183 107.100 1.545
201912 1.117 108.500 1.440
202012 1.086 109.400 1.389
202112 1.675 114.700 2.043
202212 1.977 125.300 2.207
202312 1.839 130.500 1.971
202412 1.876 135.100 1.943
202512 1.301 139.900 1.301

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 14.15 mean?
RELX (CHIX:RELL) has a Cyclically Adjusted PB Ratio of 14.15 as of Jul. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RELX and its competitors. This is 14% below median its historical median of 16.40. Over the past decade, RELX's Cyclically Adjusted PB Ratio has ranged from 11.49 to 25.13. According to the industry distribution chart, RELX ranks #709 out of 730 companies in the Business Services industry, placing it in the top 97.1%.
Is RELX's Cyclically Adjusted PB Ratio too high?
RELX's current Cyclically Adjusted PB Ratio of 14.15 is 14% below median its 10-year median of 16.40. Over the past 10 years, this metric has ranged from a low of 11.49 to a high of 25.13. The Business Services industry median Cyclically Adjusted PB Ratio is 1.57. RELX's value of 14.15 is 804.2% above this industry median. Based on the distribution chart, RELX ranks #709 out of 730 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, RELX has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RELX's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, RELX ranks #709 out of 730 companies for Cyclically Adjusted PB Ratio. This places RELX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. RELX's value of 14.15 is 804.2% above this benchmark. Historically, RELX's own Cyclically Adjusted PB Ratio has ranged from 11.49 to 25.13 over the past decade. While the company's 10-year median is 16.40 vs. the industry median of 1.57, RELX has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.57, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RELX's current Cyclically Adjusted PB Ratio of 14.15 is 804.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RELX and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RELX's current Cyclically Adjusted PB Ratio is 14.15, which is 14% below median its own 10-year median of 16.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RELX stock overvalued right now?
Based on GuruFocus' analysis, RELX (CHIX:RELL) is currently considered Significantly Undervalued. The stock's GF Value™ is £37.03, compared to a current price of £23.92 — trading 35.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.15, which is 14% below median its 10-year median of 16.40 and 804.2% above the Business Services industry median of 1.57. RELX's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For RELX (CHIX:RELL), the current Cyclically Adjusted PB Ratio is 14.15 as of Jul. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RELX (CHIX:RELL) Overvalued in 2026?

Based on GuruFocus' analysis, RELX stock appears to be undervalued. The current stock price of £23.92 is trading 35.4% below its estimated GF Value™ of £37.03. GuruFocus considers RELX to be Significantly Undervalued.

Key valuation signals for CHIX:RELL:

  • Cyclically Adjusted PB Ratio: 14.15 (14% below median its 10-year median of 16.40)
  • GF Value™: £37.03 vs. price of £23.92 (35.4% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 804.2% above the Business Services median (#709 of 730)

No single metric tells the full story. See the CHIX:RELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RELX Business Description

Address 1-3 Strand, London, GBR, WC2N 5JR
RELX is a developer of information-based analytics and decision tools designed to support research, risk assessment, legal work, and business operations. The company offers data analytics, scientific and technical information resources, legal research tools, and event management platforms. This enables professionals, researchers, legal teams, and businesses to make informed decisions and improve operational efficiency.
76GF Score

Get the complete analysis for CHIX:RELL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£23.92
Price
£37.03
GF Value