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RLX TechnologyRLX -0.85%68 Net Cash per Share is $0.90 as of Jun. 2026. GuruFocus rates RLX with a GF Score™ of 68/100 and a GF Value™ of $4.69 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 8 Tobacco Products companies, RLX Technology ranks better than 75% on this metric.
RLX Technology (NYSE:RLX) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
RLX Technology Net Cash per Share Related Terms
RLX Technology Net Cash per Share Historical Data
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The historical data trend for RLX Technology's Net Cash per Share 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.
RLX vs TPB, AIIR, UVV: Net Cash per Share Comparison
For the Tobacco subindustry, RLX Technology's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where RLX Technology's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
RLX Technology's Net Cash per Share for the fiscal year 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.
RLX Technology (RLX) has a Net Cash per Share of $0.90 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on RLX Technology and its competitors. According to the industry distribution chart, RLX Technology ranks #2 out of 8 companies in the Tobacco Products industry, placing it in the top 25%.
Is RLX Technology's Net Cash per Share too high?
RLX Technology's current Net Cash per Share is $0.90. The Tobacco Products industry median Net Cash per Share is 13.91. RLX Technology's value of $0.90 is 93.5% below this industry median. Based on the distribution chart, RLX Technology ranks #2 out of 8 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. 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 Net Cash per Share compare to TPB and AIIR?
According to the Tobacco Products industry distribution chart, RLX Technology ranks #2 out of 8 companies for Net Cash per Share. This places RLX Technology in the top 25% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 13.91. RLX Technology's value of $0.90 is 93.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Tobacco Products company?
The median Net Cash per Share among Tobacco Products companies is 13.91, based on 8 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RLX Technology's current Net Cash per Share of $0.90 is 93.5% 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on RLX Technology and its competitors. For the Tobacco Products industry, the median Net Cash per Share is 13.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RLX Technology's current Net Cash per Share is $0.90. 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 $4.69, compared to a current price of $1.76 — trading 62.6% below its estimated fair value. The current Net Cash per Share is $0.90 and 93.5% below the Tobacco Products industry median of 13.91. RLX Technology's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For RLX Technology (RLX), the current Net Cash per Share is $0.90 as of Jun. 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 $1.76 is trading 62.6% below its estimated GF Value™ of $4.69.
GuruFocus considers RLX Technology to be Significantly Undervalued.
Key valuation signals for RLX:
Net Cash per Share: $0.90
GF Value™: $4.69 vs. price of $1.76 (62.6% below fair value)
Industry Position: 93.5% below the Tobacco Products median (#2 of 8)
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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