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RELX
ACCE-researched

RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX) fair value

Industrials · Specialty Business Services · NYSE · United States
$40.54-0.20%
Market cap $70.6BNext earnings 2027-02-11Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 21% above our fair value
Price
$40.54
Model fair valueConfidence: good
$33.57
Model range
$19.73 to $59.71
Fair value $33.57
Price $40.54
4 models fit RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Premium(i)Silver70
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionRELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
Fair value (4 models)
$33.57
ACCE price target
$44.00
Rating
Overvalued
Horizon
12 months
Fair value published on 28 Sept 2026, 00:00 CEST; previously $34.22 since 18 Sept 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $37.00 since 20 Sept 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $40.54 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
20.8% above
-17.2% to fair value
ACCE score
65
out of 100
Analysts
100% buy
3 covering
P/E
24.3x
forward 15.1x
1-year return
-11.8%
Dividend yield
1.76%

RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

RELX operates legal research databases (LexisNexis), scientific publishing (Elsevier), and risk analytics platforms that serve law firms, academic institutions, and financial services clients through subscription and transactional models. The business benefits from high switching costs, multi-year contracts, and pricing power in mission-critical workflows where customers have limited alternatives. AI-driven document analysis and regulatory compliance tools are driving adoption within its existing customer base, with particular momentum in legal tech and risk management. The forward PE of 15.1 masks a 32% operating margin and 66% gross margin that sit well above software peers, while revenue growth of 2.7% reflects mature markets rather than saturation. At current valuations, the stock prices in minimal margin expansion despite the company's track record of converting incremental revenue into operating profit at rates above 50%.

AI-assisted·How I use AIWritten Oct 12, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Leverage and debt burden
    Debt/Equity ratio of 3.10 is elevated for a business services company. With FCF of $2.9B, debt service capacity exists, but capital structure limits financial flexibility.
  • moderate
    Revenue growth deceleration
    5-year revenue CAGR of 6.2% versus YoY growth of 2.7% signals slowing organic expansion. Earnings growth of 24.3% is outpacing revenue, suggesting margin expansion rather than volume.
  • moderate
    Quality score lags valuation
    ACCE Quality score of 82 is solid, but Growth (47) and Moat (47) scores are weak. Forward P/E of 15.1 implies market expects earnings growth to moderate from current 24.3% pace.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • The company generates 6.0% free cash flow yield and has returned capital via 1.8% annual share buybacks.
Why it could disappoint
  • Revenue growth has decelerated to 2.7% year over year, well below the 6.2% five-year average.
  • Debt to equity of 3.10 is elevated, limiting financial flexibility if cash flow growth slows.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Feb 11, 2027
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where RELX's valuation models land
Price
$40.54
Model fair value
$33.57
Model range
$19.73 to $59.71
Fair value $33.57
Price $40.54
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 3 covering analysts
● Strong buy 3● Buy 0● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+3.8%
1 month
+22.0%
3 months
+17.8%
6 months
+11.0%
YTD
+0.3%
1 year
-11.8%

SEC filings

Recent ACCE blog coverage

  • $RELX ACCE Score Jumps 11 Points to 61 - What Drove It
    RELX PLC's ACCE composite score moved from 50 to 61, an 11-point gain. Here's what the data says and what likely drove the move.
    2026-06-04

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 16:04 CESTRatingOvervaluedfirst publication$39.06
18 Oct 2026, 01:52 CESTACCE price target$44.00$37.00$39.06
28 Sept 2026, 00:00 CESTFair value$33.75$34.22$25.29
20 Sept 2026, 00:00 CESTACCE price target$37.00first publication$33.41
18 Sept 2026, 00:00 CESTFair value$34.22$35.51$25.47
16 Sept 2026, 00:00 CESTFair value$35.51$34.30$26.47
14 Sept 2026, 00:00 CESTFair value$34.30$35.17$25.02
7 Sept 2026, 00:00 CESTFair value$35.17$34.02$26.25
4 Sept 2026, 00:00 CESTFair value$34.02$35.27$26.07
31 Aug 2026, 00:00 CESTFair value$35.27$35.91$26.90

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth47Value60Quality82Momentum69Total65
Valuation
Trailing P/E
24.3x
Forward P/E
15.1x
PEG
1.00
P/B
34.59x
EV / Revenue
5.4x
Book value/sh
£0.24
Enterprise value
$69.8B
Profitability
ROE
131.9%
FCF yield
5.41%
ROIC
17.5%
Health and risk
Debt / equity
3.10
Dividend yield
1.76%
Beta
0.28

Price

-12.9% · 1Y

Ask anything about RELX

Answered from RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 67% of peers
low 18.8x24.3xhigh 44.2x
ROEbetter than 100% of peers
low 14%132%high 132%
Div yieldbetter than 50% of peers
low 0.0%1.8%high 2.3%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share)$40.54$3421% above24.3x131.9%8265
REL.L RELX£30.39£2334% above24.3x131.9%8265
REN.AS RELX PLC€36.26€2732% above25.2x131.9%8265
CTAS Cintas Corporation Common Stock$224.10$96133% above44.2x41.4%8565
TRI.TO Thomson Reuters CorporationC$172.41C$10760% above34.9x14.2%8269
TRI Thomson Reuters Corporation Common Shares$123.17$7565% above32.3x14.2%8269
CPRT Copart Inc. (DE) Common Stock$29.00$4535% below18.8x16.2%8648

Sector report card

Where RELX ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Sep 22, 2026
    LexisNexis Risk Solutions Study Finds SNAP Fraud Costs Have Reached a Five-Year High
  • PR Newswire•Aug 20, 2026
    A New Event Debuts, Hardlines Supplier Event (HSE), as Hardlines Buyers Seek More Supplier Choice, Agility and Innovation
  • Business Wire•Jul 23, 2026
    Announcement of Non-Discretionary Share Buyback Programme
7 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 23
6-KForeign current reportPeriod 2026-10-23
View on SEC →
Oct 22
6-KForeign current reportPeriod 2026-10-22
View on SEC →
Oct 22
6-KForeign current reportPeriod 2026-10-22
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR