RLX TechnologyRLX +2.11%68 EV-to-FCF is 9.09 as of Jul. 01, 2026, which is 13% below its 10-year median of 10.40. GuruFocus rates RLX with a GF Score™ of 68/100 and a GF Value™ of $4.06 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 32 Tobacco Products companies, RLX Technology ranks better than 65.62% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, RLX Technology's Enterprise Value is $1,056.9 Mil.
RLX Technology's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $116.2 Mil. Therefore, RLX Technology's EV-to-FCF for today is 9.09.
The historical rank and industry rank for RLX Technology's EV-to-FCF or its related term are showing as below:
RLX'
s EV-to-FCF Range Over the Past 10 Years
Min: -310.06 Med: 10.4 Max: 81.24
Current: 9.09
During the past 8 years, the highest EV-to-FCF of RLX Technology was 81.24. The lowest was -310.06. And the median was 10.40.
RLX's EV-to-FCF is ranked better than 65.62% of 32
companies
in the Tobacco Products industry
Industry Median: 13.805
vs RLX: 9.09
EV-to-FCF 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-FCF 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 $1.94.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
RLX Technology EV-to-FCF Related Terms
RLX Technology EV-to-FCF Historical Data
* Premium members only.
The historical data trend for RLX Technology's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where RLX Technology's EV-to-FCF falls into.
RLX Technology's current Enterprise Value is $1,056.9 Mil.
RLX Technology's Free Cash Flow 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-FCF of 9.09 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on RLX Technology and its competitors. This is 13% below median its historical median of 10.40. According to the industry distribution chart, RLX Technology ranks #11 out of 32 companies in the Tobacco Products industry, placing it in the top 34.4%.
Is RLX Technology's EV-to-FCF too high?
RLX Technology's current EV-to-FCF of 9.09 is 13% below median its 10-year median of 10.40. The Tobacco Products industry median EV-to-FCF is 13.81. RLX Technology's value of 9.09 is 34.2% below this industry median. Based on the distribution chart, RLX Technology ranks #11 out of 32 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, RLX Technology has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RLX Technology's EV-to-FCF compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, RLX Technology ranks #11 out of 32 companies for EV-to-FCF. This puts RLX Technology in the upper half of its industry. The industry median EV-to-FCF is 13.81. RLX Technology's value of 9.09 is 34.2% below this benchmark. While the company's 10-year median is 10.40 vs. the industry median of 13.81, RLX Technology has consistently been below 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-FCF for a Tobacco Products company?
The median EV-to-FCF among Tobacco Products companies is 13.81, based on 32 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RLX Technology's current EV-to-FCF of 9.09 is 34.2% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on RLX Technology and its competitors. For the Tobacco Products industry, the median EV-to-FCF is 13.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RLX Technology's current EV-to-FCF is 9.09, which is 13% below median its own 10-year median of 10.40. 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 Significantly Undervalued. The stock's GF Value™ is $4.06, compared to a current price of $1.94 — trading 52.2% below its estimated fair value. The current EV-to-FCF is 9.09, which is 13% below median its 10-year median of 10.40 and 34.2% below the Tobacco Products industry median of 13.81. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For RLX Technology (RLX), the current EV-to-FCF is 9.09 as of Jul. 01, 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 $1.94 is trading 52.2% below its estimated GF Value™ of $4.06.
GuruFocus considers RLX Technology to be Significantly Undervalued.
Key valuation signals for RLX:
EV-to-FCF: 9.09 (13% below median its 10-year median of 10.40)
GF Value™: $4.06 vs. price of $1.94 (52.2% below fair value)
Industry Position: 34.2% below the Tobacco Products median (#11 of 32)
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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