RELX (CHIX:RELL) Debt-to-Equity: 3.07 (As of Dec. 2025) — 40% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:RELL RELX PLC CHIX:RELL
76 GF Score
Price £24.83
GF Value £37.10
Valuation Significantly Undervalued
! 3 Warning Signs
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What is RELX Debt-to-Equity?

RELX CHIX:RELL -0.68% 76 Debt-to-Equity is 3.07 as of Dec. 2025, which is 40% above its 10-year median of 2.19. GuruFocus rates CHIX:RELL with a GF Score™ of 76/100 and a GF Value™ of £37.10 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 957 Business Services companies, RELX ranks worse than 93.63% on this metric.

RELX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £1,571 Mil. RELX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £5,696 Mil. RELX's Total Stockholders Equity for the quarter that ended in Dec. 2025 was £2,366 Mil. RELX's debt to equity for the quarter that ended in Dec. 2025 was 3.07.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for RELX's Debt-to-Equity or its related term are showing as below:

CHIX:RELl' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.78   Med: 2.19   Max: 3.39
Current: 3.07

During the past 13 years, the highest Debt-to-Equity Ratio of RELX was 3.39. The lowest was 1.78. And the median was 2.19.

CHIX:RELl's Debt-to-Equity is ranked worse than
93.63% of 957 companies
in the Business Services industry
Industry Median: 0.33 vs CHIX:RELl: 3.07

RELX  (CHIX:RELl) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


RELX Debt-to-Equity Related Terms


RELX Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for RELX's Debt-to-Equity 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 Debt-to-Equity Chart

RELX Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 1.78 1.88 1.88 3.07

RELX Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity 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 1.88 2.17 1.88 3.46 3.07

CHIX:RELL vs CTAS, CPRT, ULS: Debt-to-Equity Comparison

For the Specialty Business Services subindustry, RELX's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Business Services Industry

For the Business Services industry and Industrials sector, RELX's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where RELX's Debt-to-Equity falls into.


CHIX:RELL
76GF Score
RELX PLC CHIX:RELL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RELX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RELX's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

RELX's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 3.07 mean?
RELX (CHIX:RELL) has a Debt-to-Equity of 3.07 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on RELX and its competitors. This is 40% above median its historical median of 2.19. Over the past decade, RELX's Debt-to-Equity has ranged from 1.78 to 3.39. According to the industry distribution chart, RELX ranks #896 out of 957 companies in the Business Services industry, placing it in the top 93.6%.
Is RELX's Debt-to-Equity too high?
RELX's current Debt-to-Equity of 3.07 is 40% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.39. The Business Services industry median Debt-to-Equity is 0.33. RELX's value of 3.07 is 830.3% above this industry median. Based on the distribution chart, RELX ranks #896 out of 957 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 Debt-to-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, RELX ranks #896 out of 957 companies for Debt-to-Equity. This places RELX in the lower half of its industry. The industry median Debt-to-Equity is 0.33. RELX's value of 3.07 is 830.3% above this benchmark. Historically, RELX's own Debt-to-Equity has ranged from 1.78 to 3.39 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 0.33, 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 Debt-to-Equity for a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RELX's current Debt-to-Equity of 3.07 is 830.3% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on RELX and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RELX's current Debt-to-Equity is 3.07, which is 40% above median its own 10-year median of 2.19. 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 £37.10, compared to a current price of £24.83 — trading 33.1% below its estimated fair value. The current Debt-to-Equity is 3.07, which is 40% above median its 10-year median of 2.19 and 830.3% above the Business Services industry median of 0.33. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For RELX (CHIX:RELL), the current Debt-to-Equity is 3.07 as of Dec. 2025. 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 £24.83 is trading 33.1% below its estimated GF Value™ of £37.10. GuruFocus considers RELX to be Significantly Undervalued.

Key valuation signals for CHIX:RELL:

  • Debt-to-Equity: 3.07 (40% above median its 10-year median of 2.19)
  • GF Value™: £37.10 vs. price of £24.83 (33.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 830.3% above the Business Services median (#896 of 957)

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

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£24.83
Price
£37.10
GF Value