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RLX TechnologyRLX +1.01%68 EV-to-OCF is 9.68 as of Aug. 10, 2026, which is 8% below its 10-year median of 10.56. GuruFocus rates RLX with a GF Score™ of 68/100 and a GF Value™ of $3.58 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 48 Tobacco Products companies, RLX Technology ranks worse than 58.33% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, RLX Technology's Enterprise Value is $1,124.8 Mil.
RLX Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $116.2 Mil. Therefore, RLX Technology's EV-to-OCF for today is 9.68.
The historical rank and industry rank for RLX Technology's EV-to-OCF or its related term are showing as below:
RLX'
s EV-to-OCF Range Over the Past 10 Years
Min: -310.06 Med: 10.56 Max: 81.24
Current: 9.55
During the past 8 years, the highest EV-to-OCF of RLX Technology was 81.24. The lowest was -310.06. And the median was 10.56.
RLX's EV-to-OCF is ranked worse than 58.33% of 48
companies
in the Tobacco Products industry
Industry Median: 7.655
vs RLX: 9.55
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
RLX Technology's PE Ratio (TTM) for today is calculated as:
RLX Technology's share price for today is $2.01.
RLX Technology's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.100.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
RLX Technology EV-to-OCF Related Terms
RLX Technology EV-to-OCF Historical Data
* Premium members only.
The historical data trend for RLX Technology's EV-to-OCF 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.
For the Tobacco subindustry, RLX Technology's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where RLX Technology's EV-to-OCF falls into.
RLX Technology's current Enterprise Value is $1,124.8 Mil.
RLX Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $116.2 Mil.
* 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.
RLX Technology (RLX) has a EV-to-OCF of 9.68 as of Aug. 10, 2026. This is near median its historical median of 10.56. According to the industry distribution chart, RLX Technology ranks #28 out of 48 companies in the Tobacco Products industry, placing it in the top 58.3%.
Is RLX Technology's EV-to-OCF too high?
RLX Technology's current EV-to-OCF of 9.68 is near median its 10-year median of 10.56. The Tobacco Products industry median EV-to-OCF is 7.66. RLX Technology's value of 9.68 is 26.5% above this industry median. Based on the distribution chart, RLX Technology ranks #28 out of 48 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, RLX Technology has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RLX Technology's EV-to-OCF compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, RLX Technology ranks #28 out of 48 companies for EV-to-OCF. This places RLX Technology in the lower half of its industry. The industry median EV-to-OCF is 7.66. RLX Technology's value of 9.68 is 26.5% above this benchmark. While the company's 10-year median is 10.56 vs. the industry median of 7.66, RLX Technology 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 EV-to-OCF for a Tobacco Products company?
The median EV-to-OCF among Tobacco Products companies is 7.66, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RLX Technology's current EV-to-OCF of 9.68 is 26.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median EV-to-OCF is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RLX Technology's current EV-to-OCF is 9.68, which is near median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RLX Technology stock overvalued right now?
Based on GuruFocus' analysis, RLX Technology (RLX) is currently considered Possible Value Trap. The stock's GF Value™ is $3.58, compared to a current price of $2.01 — trading 43.9% below its estimated fair value. The current EV-to-OCF is 9.68, which is near median its 10-year median of 10.56 and 26.5% above the Tobacco Products industry median of 7.66. RLX Technology's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For RLX Technology (RLX), the current EV-to-OCF is 9.68 as of Aug. 10, 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 RLX Technology (RLX) Overvalued in 2026?
Based on GuruFocus' analysis, RLX Technology stock appears to be undervalued.
The current stock price of $2.01 is trading 43.9% below its estimated GF Value™ of $3.58.
GuruFocus considers RLX Technology to be Possible Value Trap.
Key valuation signals for RLX:
EV-to-OCF: 9.68 (near median its 10-year median of 10.56)
GF Value™: $3.58 vs. price of $2.01 (43.9% below fair value)
Industry Position: 26.5% above the Tobacco Products median (#28 of 48)
No single metric tells the full story. See the RLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company has two reportable segments, Core Markets and Europe Acquisition. The majority of the revenue is earn from Core Markets segment.
68GF Score
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