RLX (RLX Technology) ROE % Adjusted to Book Value: 6.23% (As of Mar. 2026)


RLX RLX Technology Inc RLX
68 GF Score
Price $1.94
GF Value $4.06
Valuation Significantly Undervalued
! 5 Warning Signs
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What is RLX Technology ROE % Adjusted to Book Value?

RLX Technology RLX +2.11% 68 ROE % Adjusted to Book Value is 6.23% as of Mar. 2026. 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.

RLX Technology's ROE % for the quarter that ended in Mar. 2026 was 7.29%. RLX Technology's PB Ratio for the quarter that ended in Mar. 2026 was 1.17. RLX Technology's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.23%.

RLX Technology ROE % Adjusted to Book Value Related Terms

RLX Technology ROE % Adjusted to Book Value Historical Data

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The historical data trend for RLX Technology's ROE % Adjusted to Book Value 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 Technology ROE % Adjusted to Book Value Chart

RLX Technology Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 9.38 6.04 2.92 2.88 4.63

RLX Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 5.42 4.49 3.56 5.54 6.23

RLX vs TPB, UVV, AIIR: ROE % Adjusted to Book Value Comparison

For the Tobacco subindustry, RLX Technology's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where RLX Technology's ROE % Adjusted to Book Value falls into.


RLX
68GF Score
RLX Technology Inc RLX
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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RLX Technology ROE % Adjusted to Book Value Calculation

RLX Technology's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=5.93% / 1.28
=4.63%

RLX Technology's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=7.29% / 1.17
=6.23%

* 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.

What does a ROE % Adjusted to Book Value of 6.23% mean?
RLX Technology (RLX) has a ROE % Adjusted to Book Value of 6.23% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on RLX Technology and its competitors.
Is RLX Technology's ROE % Adjusted to Book Value too high?
RLX Technology's current ROE % Adjusted to Book Value is 6.23%. 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 ROE % Adjusted to Book Value compare to TPB and UVV?
RLX Technology's ROE % Adjusted to Book Value of 6.23% can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Tobacco Products company?
A good ROE % Adjusted to Book Value depends on the Tobacco Products industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on RLX Technology and its competitors. RLX Technology's current ROE % Adjusted to Book Value is 6.23%. 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 ROE % Adjusted to Book Value is 6.23%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For RLX Technology (RLX), the current ROE % Adjusted to Book Value is 6.23% 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:

  • ROE % Adjusted to Book Value: 6.23%
  • GF Value™: $4.06 vs. price of $1.94 (52.2% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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 Business Description

Other Exchanges 3CM:Germany
Address No. 9 Jian’an First Road, Financial Street, 35/F, Pearl International Financial Center, Third District, Bao’an District, Shenzhen, CHN, 518101
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.94
Price
$4.06
GF Value