P/E ratio for RLX Technology (RLX)
P/E ratio as of May 2024 (TTM): 44.9
According to RLX Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.8756. At the end of 2022 the company had a P/E ratio of 14.1.
P/E ratio history for RLX Technology from 2021 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.1 | -15.15% |
| 2021 | 16.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Vector Group
VGR | 9.50 | -78.84% | 🇺🇸 USA |
 Turning Point Brands TPB | 40.6 | -9.48% | 🇺🇸 USA |
 RLX Technology RLX | 44.9 | 0.00% | 🇨🇳 China |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.