Company Valuation: RELX PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,327 43,690 58,515 67,352 54,936 43,960 - -
Change - -5.69% 33.93% 15.1% -18.44% -19.98% - -
Enterprise Value (EV) 1 52,381 50,294 64,961 73,915 62,137 52,409 52,434 52,451
Change - -3.98% 29.16% 13.78% -15.94% -15.65% 0.05% 0.03%
P/E 31.5x 27x 33.2x 35.2x 27x 19.7x 17.7x 15.6x
PBR 14.3x 11.6x 16.9x 19.3x 23.2x 34x 27.9x 27x
PEG - 2.5x 3.2x 3.5x 3.13x 1.4x 1.5x 1.1x
Capitalization / Revenue 6.4x 5.11x 6.39x 7.14x 5.73x 4.36x 4.09x 3.81x
EV / Revenue 7.23x 5.88x 7.09x 7.83x 6.48x 5.2x 4.88x 4.55x
EV / EBITDA 19.9x 16.2x 18.7x 19.8x 16.2x 12.8x 11.9x 11.1x
EV / EBIT 23.7x 18.7x 21.4x 23.1x 18.6x 14.5x 13.5x 12.5x
EV / FCF 27.5x 25.6x 32.8x 34.8x 26.9x 21x 19.5x 17.9x
FCF Yield 3.64% 3.91% 3.05% 2.87% 3.72% 4.75% 5.13% 5.59%
Dividend per Share 2 0.498 0.546 0.588 0.63 0.675 0.7277 0.7887 0.8549
Rate of return 2.07% 2.39% 1.89% 1.74% 2.24% 2.88% 3.12% 3.38%
EPS 2 0.763 0.847 0.936 1.031 1.12 1.281 1.428 1.622
Distribution rate 65.3% 64.5% 62.8% 61.1% 60.3% 56.8% 55.2% 52.7%
Net sales 1 7,244 8,553 9,161 9,434 9,590 10,075 10,736 11,538
EBITDA 1 2,637 3,102 3,468 3,724 3,846 4,100 4,395 4,742
EBIT 1 2,210 2,683 3,030 3,199 3,342 3,610 3,871 4,187
Net income 1 1,471 1,634 1,781 1,934 2,065 2,286 2,451 2,729
Net Debt 1 6,054 6,604 6,446 6,563 7,201 8,450 8,475 8,491
Reference price 2 24.02 22.88 31.10 36.29 30.20 25.27 25.27 25.27
Nbr of stocks (in thousands) 1,928,681 1,909,549 1,881,510 1,855,942 1,819,061 1,739,606 - -
Announcement Date 10/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.3x3.65x12.76x2.98% 214B
-130.96x18.27x101.27x-.--% 118B
13.18x1.45x7.63x3.64% 109B
13.51x2.46x9.27x6.08% 78.66B
19.71x5.2x12.77x2.88% 58.06B
22.47x1.84x11.5x1.3% 43.57B
13.3x1.92x8.13x5.86% 42.8B
20.97x1.59x10.13x0.9% 39.98B
103.96x10.39x38.79x-.--% 36.12B
Average 10.94x 5.20x 23.58x 2.63% 82.16B
Weighted average by Cap. -1.17x 5.66x 26.52x 2.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield