RLX TechnologyRLX +2.11%68 Dividend Payout Ratio is 3.37 as of Mar. 2026, which is 1772% above its 10-year median of 0.18. 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 29 Tobacco Products companies, RLX Technology ranks worse than 75.86% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. RLX Technology's Dividend Payout Ratio for the
months ended in Mar. 2026 was 3.37.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RLX Technology Inc is 1.02, which seems too high.
The historical rank and industry rank for RLX Technology's Dividend Payout Ratio or its related term are showing as below:
RLX'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.18 Max: 1.02
Current: 1.02
During the past 8 years, the highest Dividend Payout Ratio of RLX Technology was 1.02. The lowest was 0.09. And the median was 0.18.
RLX's Dividend Payout Ratio is ranked worse than 75.86% of 29
companies
in the Tobacco Products industry
Industry Median: 0.68
vs RLX: 1.02
During the past 12 months, RLX Technology's average Dividends Per Share Growth Rate was 860.00% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
RLX Technology (NYSE:RLX) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
RLX Technology Dividend Payout Ratio Related Terms
RLX Technology Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for RLX Technology's Dividend Payout 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.
RLX vs TPB, UVV, AIIR: Dividend Payout Ratio Comparison
For the Tobacco subindustry, RLX Technology's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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.
RLX Technology Dividend Payout Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where RLX Technology's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
RLX Technology's Dividend Payout Ratio 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 Dividend Payout Ratio of 3.37 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on RLX Technology and its competitors. This is 1772% above median its historical median of 0.18. Over the past decade, RLX Technology's Dividend Payout Ratio has ranged from 0.09 to 1.02. According to the industry distribution chart, RLX Technology ranks #22 out of 29 companies in the Tobacco Products industry, placing it in the top 75.9%.
Is RLX Technology's Dividend Payout Ratio too high?
RLX Technology's current Dividend Payout Ratio of 3.37 is 1772% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.02. The Tobacco Products industry median Dividend Payout Ratio is 0.68. RLX Technology's value of 3.37 is 395.6% above this industry median. Based on the distribution chart, RLX Technology ranks #22 out of 29 companies in the Tobacco Products industry, which is in the bottom quartile 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 Dividend Payout Ratio compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, RLX Technology ranks #22 out of 29 companies for Dividend Payout Ratio. This places RLX Technology in the lower half of its industry. The industry median Dividend Payout Ratio is 0.68. RLX Technology's value of 3.37 is 395.6% above this benchmark. Historically, RLX Technology's own Dividend Payout Ratio has ranged from 0.09 to 1.02 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.68, 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 Dividend Payout Ratio for a Tobacco Products company?
The median Dividend Payout Ratio among Tobacco Products companies is 0.68, based on 29 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RLX Technology's current Dividend Payout Ratio of 3.37 is 395.6% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on RLX Technology and its competitors. For the Tobacco Products industry, the median Dividend Payout Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RLX Technology's current Dividend Payout Ratio is 3.37, which is 1772% above median its own 10-year median of 0.18. 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 Dividend Payout Ratio is 3.37, which is 1772% above median its 10-year median of 0.18 and 395.6% above the Tobacco Products industry median of 0.68. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For RLX Technology (RLX), the current Dividend Payout Ratio is 3.37 as of Mar. 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:
Dividend Payout Ratio: 3.37 (1772% above median its 10-year median of 0.18)
GF Value™: $4.06 vs. price of $1.94 (52.2% below fair value)
Industry Position: 395.6% above the Tobacco Products median (#22 of 29)
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
Get the complete analysis for RLX
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