RELX PLC

LSE:REL Stock Report

Market Cap: UK£68.8b

RELX Valuation

Is REL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of REL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REL (£37.3) is trading above our estimate of fair value (£35.12)

Significantly Below Fair Value: REL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REL?

Key metric: As REL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for REL. This is calculated by dividing REL's market cap by their current earnings.
What is REL's PE Ratio?
PE Ratio36.6x
EarningsUK£1.89b
Market CapUK£68.79b

Price to Earnings Ratio vs Peers

How does REL's PE Ratio compare to its peers?

The above table shows the PE ratio for REL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.6x
EXPN Experian
35.6x12.7%UK£32.9b
ITRK Intertek Group
24.7x12.6%UK£7.6b
DATA GlobalData
44.4x27.7%UK£1.5b
RWS RWS Holdings
13.9x8.3%UK£665.0m
REL RELX
36.6x8.1%UK£68.8b

Price-To-Earnings vs Peers: REL is expensive based on its Price-To-Earnings Ratio (36.6x) compared to the peer average (29.6x).

Price to Earnings Ratio vs Industry

How does REL's PE Ratio compare vs other companies in the GB Professional Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IBPO iEnergizer
1.7xn/aUS$140.06m
TEK Tekcapital
1.5xn/aUS$23.17m
No more companies available in this PE range
REL 36.6xIndustry Avg. 23.9xNo. of Companies4PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: REL is expensive based on its Price-To-Earnings Ratio (36.6x) compared to the UK Professional Services industry average (23.9x).

Price to Earnings Ratio vs Fair Ratio

What is REL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.6x
Fair PE Ratio37.3x

Price-To-Earnings vs Fair Ratio: REL is good value based on its Price-To-Earnings Ratio (36.6x) compared to the estimated Fair Price-To-Earnings Ratio (37.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst REL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£37.30
UK£39.97
+7.2%
8.3%UK£47.10UK£35.16n/a13
Dec ’25UK£37.05
UK£39.77
+7.3%
7.5%UK£45.50UK£35.16n/a13
Nov ’25UK£36.22
UK£39.50
+9.1%
6.5%UK£43.05UK£35.16n/a13
Oct ’25UK£35.46
UK£39.18
+10.5%
6.9%UK£43.05UK£35.00n/a14
Sep ’25UK£35.39
UK£38.88
+9.9%
6.6%UK£42.50UK£35.00n/a13
Aug ’25UK£35.90
UK£38.88
+8.3%
6.6%UK£42.50UK£35.00n/a13
Jul ’25UK£35.77
UK£38.07
+6.4%
7.3%UK£42.00UK£33.00n/a13
Jun ’25UK£34.16
UK£37.81
+10.7%
7.3%UK£42.00UK£33.00n/a14
May ’25UK£33.00
UK£37.17
+12.6%
7.4%UK£42.00UK£32.50n/a14
Apr ’25UK£34.24
UK£36.88
+7.7%
7.0%UK£41.00UK£32.50n/a14
Mar ’25UK£34.11
UK£36.69
+7.6%
6.7%UK£41.00UK£32.50n/a13
Feb ’25UK£32.89
UK£34.91
+6.1%
10.3%UK£38.85UK£24.80n/a13
Jan ’25UK£31.10
UK£31.68
+1.9%
9.1%UK£37.70UK£24.80n/a13
Dec ’24UK£30.48
UK£31.10
+2.0%
7.7%UK£34.05UK£24.80UK£37.0513
Nov ’24UK£28.62
UK£31.10
+8.7%
7.7%UK£34.05UK£24.80UK£36.2213
Oct ’24UK£27.75
UK£29.15
+5.0%
9.9%UK£32.70UK£22.00UK£35.4614
Sep ’24UK£25.79
UK£28.43
+10.2%
9.6%UK£31.00UK£22.00UK£35.3914
Aug ’24UK£26.03
UK£28.43
+9.2%
9.6%UK£31.00UK£22.00UK£35.9014
Jul ’24UK£26.21
UK£27.79
+6.0%
10.7%UK£31.00UK£20.00UK£35.7714
Jun ’24UK£25.42
UK£27.72
+9.0%
11.0%UK£31.00UK£20.00UK£34.1614
May ’24UK£26.46
UK£27.31
+3.2%
10.7%UK£31.00UK£20.00UK£33.0014
Apr ’24UK£26.18
UK£26.88
+2.7%
11.4%UK£31.00UK£20.00UK£34.2414
Mar ’24UK£25.28
UK£26.53
+4.9%
11.2%UK£29.70UK£20.00UK£34.1115
Feb ’24UK£24.04
UK£26.01
+8.2%
10.8%UK£29.50UK£20.00UK£32.8916
Jan ’24UK£22.88
UK£25.89
+13.2%
10.8%UK£29.50UK£20.00UK£31.1017
Dec ’23UK£23.34
UK£25.92
+11.1%
11.0%UK£30.20UK£20.00UK£30.4817

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 19:08
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

RELX PLC is covered by 47 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cor KluisABN AMRO Bank N.V.
Lionel PellicerAlphaValue
Ishan MajumdarBaptista Research