RELX
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
35.4632.2429.77N/A
Price/Sales ratio
7.056.606.295.94
Earnings per Share (EPS)
$1.34$1.48$1.60N/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
24.6225.3125.8521.3022.3624.6028.4031.5726.9033.3136.2422.36
Price/Sales ratio
4.074.274.354.804.244.704.886.415.146.477.234.24
Price/Book Value ratio
11.1611.8912.9315.0213.6517.0916.5614.3711.6417.1421.3413.65
Price/Cash Flow ratio
17.0718.1317.8419.1216.0217.7221.7823.0418.3124.1526.9316.02
Price/Free Cash Flow ratio
21.2423.1922.2523.6619.5921.6628.1727.6622.3729.9629.3919.59
Price/Earnings Growth ratio
-2.013.621.180.45-1.833.54-1.681.682.273.140.45-1.83
Dividend Yield
2.40%2.28%2.27%2.15%2.50%2.27%2.53%1.98%2.23%1.78%1.66%2.27%
Profitability Indicator Ratios
Gross Profit Margin
65.25%64.34%63.91%64.22%64.70%65.01%65.02%64.63%64.39%64.89%63.83%65.01%
Operating Profit Margin
24.28%25.07%24.77%25.90%26.21%26.68%21.44%26.00%27.16%29.27%30.24%26.21%
Pretax Profit Margin
21.28%21.97%21.36%23.57%22.95%23.45%20.85%24.80%24.70%25.05%26.16%22.95%
Net Profit Margin
16.54%16.88%16.83%22.55%18.98%19.11%17.21%20.30%19.10%19.44%20.33%18.98%
Effective Tax Rate
21.88%22.71%20.63%3.86%16.97%18.29%18.54%18.14%22.76%22.09%22.67%16.97%
Return on Assets
8.61%9.01%8.71%13.50%10.15%10.91%8.65%10.61%10.32%11.93%12.85%10.15%
Return On Equity
45.34%47.01%50.04%70.50%61.05%69.48%58.31%45.51%43.27%51.47%56.71%69.48%
Return on Capital Employed
19.61%21.38%21.31%24.55%22.64%26.79%15.60%18.63%21.82%28.45%30.79%22.64%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A0.51N/AN/AN/A0.47N/A
Quick Ratio
0.450.420.400.430.400.370.460.560.530.460.410.40
Cash ratio
0.070.020.030.020.020.020.020.030.060.020.020.02
Days of Sales Outstanding
82.8886.19106.6682.3787.2595.8198.9298.75102.6380.8484.5895.81
Days of Inventory outstanding
25.8327.0830.6627.3229.2628.7435.2236.0437.0336.0935.3729.26
Operating Cycle
108.72113.27137.32109.70116.52124.56134.14134.80139.67116.93119.96116.52
Days of Payables Outstanding
60.5941.8343.5733.2925.8122.9222.6015.5215.4619.40390.9325.81
Cash Conversion Cycle
48.1371.4493.7576.4190.70101.64111.54119.27124.2097.52-270.97101.64
Debt Ratios
Debt Ratio
0.340.340.360.390.420.440.480.430.410.420.460.42
Debt Equity Ratio
1.811.812.082.062.572.803.261.841.731.832.122.80
Long-term Debt to Capitalization
0.590.600.610.640.660.650.740.640.600.590.610.65
Total Debt to Capitalization
0.640.640.670.670.720.730.760.640.630.640.680.73
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A10N/AN/AN/A8.96N/A
Cash Flow to Debt Ratio
0.360.360.340.380.330.340.230.330.360.380.370.33
Company Equity Multiplier
5.265.215.745.226.016.366.734.284.194.314.586.36
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.230.230.240.250.260.260.220.270.280.260.270.26
Free Cash Flow / Operating Cash Flow Ratio
0.800.780.800.800.810.810.770.830.810.800.890.81
Cash Flow Coverage Ratio
0.360.360.340.380.330.340.230.330.360.380.370.33
Short Term Coverage Ratio
2.052.271.452.741.521.062.1112.362.991.951.471.06
Dividend Payout Ratio
59.16%57.83%58.82%45.93%55.97%55.94%71.89%62.54%60.15%59.46%58.29%55.97%