QualityDipStocks / Consumer Discretionary · Business Services
RELX RELX
Not in a dip by our rules: 10% below its 52-week high.
A quality company trading above our fair value estimate.
- Fair value est.
- $34.19−15%
- Market Value
- —
- Off 52-wk high
- −10%
- Risk vs market
- Lowbeta 0.17
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $40.09
- 52-wk lowlowest close, 1 year$27.73−30.8%
- Fair value est.base case$34.19−14.7%
- PriceFri Oct 30 close$40.09you are here
- 52-wk highhighest close, 1 year$44.58+11.2%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.9% ±2 points. Bear = 10.5% and 1.9%; bull = 8.5% and 5.9% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, RELX’s free cash flow would need to grow about 7% a year for five years; our estimate uses 4%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much RELX moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.17
- Volatility
- 35% vs 13% SPY
- Correlation SPY
- 0.06
- Correlation QQQ
- −0.08
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ProfitabilityReturn on equity of 71% over the last 12 months, up 36 points in two years.
ValuationFree-cash-flow yield of 5.1% (price / FCF 19.5×): $3.8B of free cash in the last 12 months.
ProfitabilityOperating margin widened to 31.6% in FY2025 from 29.3% in FY2023 (SEC filings).
Cash returnsDividend yield of 2.2% ($1.6B paid over 12 months, 58% of earnings).
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 5 of 5
ValuationOur DCF fair value estimate is $34.19, 15% below the price.
GrowthSales grew 1.7% over the last 12 months, below the 7.0% median for the 175 Consumer Discretionary companies we cover.
GrowthSales grew only 3.9% a year from FY2022 to FY2025.
ValuationPrice / book of 23.2×, above the 4.9× median for the 151 Consumer Discretionary companies we cover.
ValuationP/E of 26.6×, above the 20.9× median for the 169 Consumer Discretionary companies we cover.
Who’s talking about it
Notable investors, executives, analysts and public figures on RELX in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Business Services
All fundamentals
P/E 26.6 · FCF yield 5.1% · ROE 71%
Valuation
- P/E
- 26.6×Consumer Discretionary median 20.9×
- Price / FCF
- 19.5×
- FCF yield
- 5.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 5.73×
- Price / book
- 23.24×
- Market cap
- $73.9Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $12.9B
- Sales growth, 12 months
- +1.7%vs the 12 months before
- Sales growth, 3 yrs
- +3.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $1.12
- EPS growth, last FY
- +8.6%
- Net income, 12 months
- $2.8B
- Net income growth
- +7%12 months vs before
Profitability
- Gross margin
- 66.3%
- Operating margin
- 31.6%
- Net margin
- 21.5%
- FCF margin
- 29.4%
- Return on equity
- 71%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $176M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 10.2×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $3.8B
- FCF growth, 12 months
- +9%
- Dividend yield
- 2.17%$1.6B paid
- Payout ratio
- 58%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From RELX’s SEC filings, reported in GBP and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $34.19 · FCF value $33.99
Assumes 3.9% growth for 5 years (revenue grew 3.9% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.05 a share (fiscal year to Dec 31, 2025, converted from GBP at 1.344), from the 20-F filed Feb 19, 2026. Net debt $9.6B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only arm once a company is in a dip.
Momentum & 52-week range
RSI 68 · 5 days −1.1%
The business
FCF $2.3B · Sales +2%
- Free cash flow, 12 months$2.3B
- Free-cash-flow yield3.4%
- Free-cash-flow margin24%
- Gross margin66%
- Operating margin32%
- Return on invested capital196%
- Return on equity117%
- Sales growth (last fiscal year vs prior)+2%
- Net debt / EBITDA2.3×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when RELX fires a reversal signal
One text when a published rule fires on RELX or any of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.