RLX Technology (RLX)

P/B ratio as of September 2024 : 1.22

According to RLX Technology's latest financial reports the company has a price-to-book ratio of 1.22.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

RLX Technology - P/B ratio (from 2021 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.43	-9.43%
2022-12-31	1.58	-45.28%
2021-12-31	2.89
2020-12-31	N/A
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
RLX Technology RLX	1.22	0.00%	🇨🇳 China
Turning Point Brands TPB	4.25	248.79%	🇺🇸 USA
Vector Group VGR	-3.30	-370.58%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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RLX Technology (RLX) - P/B ratio