RLX Technology (RLX)

P/B ratio as of December 2025 : 1.29

According to RLX Technology's latest financial reports the company has a price-to-book ratio of 6.44771.
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 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	1.32	-13.19%
2024-12-31	1.52	6.22%
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	P/B ratio differencediff.	Country
RLX Technology RLX	1.29	0.00%	🇨🇳 China
Turning Point Brands TPB	5.69	341.59%	🇺🇸 USA
Vector Group VGR	-3.31	-356.62%	🇺🇸 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