RELX PLC (NYSE:RELX) Accelerates Toward Stabilization Amid Mixed Technical Signals

RELX shows a patchwork of stabilizing momentum and stretched valuation that together favor a cautious near-term rebound rather than a decisive breakout. Technicals point to recovering momentum while fundamentals underline a richly priced equity and leverage considerations.

Recent News

On July 24, 2025 RELX published interim results for the six months to June 30 showing revenue $4,741m and adjusted operating profit $1,652m, with an interim dividend increase and management reaffirming full-year outlook. On July 24–25 the company announced and initiated a new $425m non-discretionary share buyback as part of a $1.5bn 2025 repurchase plan. An update of total voting rights in late July reported ~1.83bn total voting rights following treasury holdings.

Technical Analysis

Directional indicators show ADX 30.97, indicating a strong trend environment; DI+ experienced a dip-and-reversal while DI- recorded a peak-and-reversal. Both reversals imply recent bullish directional shifts, though DI- remains numerically above DI+ (36.86 vs. 21.03), so negative directional dominance persists despite the reversals.

MACD sits at -0.66 with the MACD line above the signal line (-0.88) and the MACD trend increasing, which constitutes a bullish momentum signal and supports near-term upside pressure on price momentum.

MRO registers -29.46, a negative value that implies price below target and therefore potential upward pressure as the oscillator seeks mean reversion.

RSI at 40.78 with a dip-and-reversal indicates recent selling then an attempted recovery; momentum remains below neutral, suggesting scope for further recovery before momentum becomes bullishly extended.

Price sits at $47.61, having crossed above the -1x standard-deviation Bollinger band and trading near the 20-day average ($46.61) but below the 50-day ($49.30) and 200-day ($49.66) averages; the 12-day EMA shows a dip-and-reversal while the 26-day EMA remains slightly higher, implying a short-term lift within a still-cooler intermediate trend.

Ichimoku components show the chikou span below the cloud and Senkou A/B at $50.85/$51.94, which keeps the longer-term cloud resistance profile intact despite the short-term momentum lift; the super trend lower sits at $46.05, providing a nearer structural support reference.

 


Fundamental Analysis

P/B ratio stands at 44.42, markedly above the industry peer mean of 4.18 and the industry peer high of 8.64, indicating a significant premium to book value. Forward P/E equals 126.43 while the price-target mean across analysts is $44.61, below the current price of $47.61; WMDST values the stock as over-valued.

Liquidity measures display compression: current ratio 0.47 (–9.63% QoQ) and quick ratio 0.42 (–9.81% QoQ), both materially below the industry peer mean current ratio of 1.75 and implying tighter short-term coverage of liabilities by liquid assets. Cash and short-term investments amount to $211m against total current liabilities $5,774m, producing a cash ratio of 3.65%.

Leverage appears elevated: debt-to-equity 3.46 (345.64%) and debt-to-assets 0.526 (52.6%); debt-to-equity sits well above the industry peer mean of 0.61. Net debt amounts to $7,232m while operating cash flow equals $3,519m and operating cash flow ratio 60.95%, which supports debt servicing but leaves limited headroom relative to balance-sheet leverage and negative net tangible assets of -$8,645m.

Revenue dynamics show recent expansion in period-on-period terms with revenue growth 3.62% while reported year-over-year revenue change registers -2.95% (YoY); the company completed several small acquisitions in H1 and reported cash conversion consistent with reported operating cash flow performance.

Brief valuation context: elevated P/B and a forward P/E of 126.4 alongside negative net tangible assets and high leverage create a valuation profile that the WMDST framework classifies as over-valued; positive cash flow and active buybacks provide offsetting capital-return dynamics but do not remove the premium pricing relative to peers.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-06-30
REPORT DATE: 2025-07-25
NEXT REPORT DATE: 2025-10-24
CASH FLOW  Begin Period Cash Flow —
 Operating Cash Flow $ 3.5 B
 Capital Expenditures —
 Change In Working Capital —
 Dividends Paid —
 Cash Flow Delta —
 End Period Cash Flow —
 
INCOME STATEMENT REVENUE
 Total Revenue —
 Forward Revenue —
COSTS
 Cost Of Revenue —
 Depreciation —
 Depreciation and Amortization —
 Research and Development —
 Total Operating Expenses —
PROFITABILITY
 Gross Profit —
 EBITDA —
 EBIT —
 Operating Income —
 Interest Income —
 Interest Expense —
 Net Interest Income —
 Income Before Tax —
 Tax Provision —
 Tax Rate —
 Net Income —
 Net Income From Continuing Operations —
EARNINGS
 EPS Estimate —
 EPS Actual —
 EPS Difference —
 EPS Surprise —
 Forward EPS $ 0.41
 
BALANCE SHEET ASSETS
 Total Assets $ 14.3 B
 Intangible Assets $ 10.8 B
 Net Tangible Assets $ -8.64 B
 Total Current Assets $ 2.7 B
 Cash and Short-Term Investments $ 211.0 M
 Cash $ 211.0 M
 Net Receivables $ 2.2 B
 Inventory $ 307.0 M
 Long-Term Investments —
LIABILITIES
 Accounts Payable $ 3.7 B
 Short-Term Debt $ 1.9 B
 Total Current Liabilities $ 5.8 B
 Net Debt $ 7.2 B
 Total Debt $ 7.5 B
 Total Liabilities $ 12.1 B
EQUITY
 Total Equity $ 2.2 B
 Retained Earnings —
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share $ 1.19
 Shares Outstanding 1.831 B
 Revenue Per-Share —
VALUATION
 Market Capitalization $ 96.8 B
 Enterprise Value $ 104.2 B
 Enterprise Multiple —
Enterprise Multiple QoQ —
Enterprise Multiple YoY —
Enterprise Multiple IPRWA —
 EV/R —
CAPITAL STRUCTURE
 Asset To Equity 6.571
 Asset To Liability 1.181
 Debt To Capital 0.776
 Debt To Assets 0.526
Debt To Assets QoQ 479.359 %
Debt To Assets YoY —
Debt To Assets IPRWA high: 0.715
median: 0.715
mean: 0.568
RELX: 0.526
low: 0.012
 Debt To Equity 3.456
Debt To Equity QoQ 775.686 %
Debt To Equity YoY —
Debt To Equity IPRWA RELX: 3.456
high: 1.505
median: 0.644
mean: 0.612
low: -0.467
PRICE-BASED VALUATION
 Price To Book (P/B) 44.42
Price To Book QoQ 73.059 %
Price To Book YoY —
Price To Book IPRWA RELX: 44.42
high: 8.641
mean: 4.182
median: 3.047
low: -0.871
 Price To Earnings (P/E) —
Price To Earnings QoQ —
Price To Earnings YoY —
Price To Earnings IPRWA —
 PE/G Ratio —
 Price To Sales (P/S) —
Price To Sales QoQ —
Price To Sales YoY —
Price To Sales IPRWA —
FORWARD MULTIPLES
Forward P/E 126.429
Forward PE/G —
Forward P/S —
EFFICIENCY OPERATIONAL
 Operating Leverage —
ASSET & SALES
 Asset Turnover Ratio —
Asset Turnover Ratio QoQ —
Asset Turnover Ratio YoY —
Asset Turnover Ratio IPRWA —
 Receivables Turnover —
Receivables Turnover Ratio QoQ —
Receivables Turnover Ratio YoY —
Receivables Turnover Ratio IPRWA —
 Inventory Turnover —
Inventory Turnover Ratio QoQ —
Inventory Turnover Ratio YoY —
Inventory Turnover Ratio IPRWA —
 Days Sales Outstanding (DSO) —
CASH CYCLE
 Cash Conversion Cycle Days (CCC) —
Cash Conversion Cycle Days QoQ —
Cash Conversion Cycle Days YoY —
Cash Conversion Cycle Days IPRWA —
CAPITAL DEPLOYMENT
 Cash Conversion Ratio —
 CapEx To Revenue —
 CapEx To Depreciation —
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital $ 7.7 B
 Net Invested Capital $ 9.6 B
 Invested Capital $ 9.6 B
 Net Tangible Assets $ -8.64 B
 Net Working Capital $ -3.04 B
LIQUIDITY
 Cash Ratio 0.037
 Current Ratio 0.473
Current Ratio QoQ -9.631 %
Current Ratio YoY —
Current Ratio IPRWA high: 3.987
mean: 1.748
median: 1.531
RELX: 0.473
low: 0.13
 Quick Ratio 0.42
Quick Ratio QoQ -9.814 %
Quick Ratio YoY —
Quick Ratio IPRWA —
COVERAGE & LEVERAGE
 Debt To EBITDA —
 Cost Of Debt 2.023 %
 Interest Coverage Ratio —
Interest Coverage Ratio QoQ —
Interest Coverage Ratio YoY —
Interest Coverage Ratio IPRWA —
 Operating Cash Flow Ratio 0.609
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO) —
DIVIDENDS
 Dividend Coverage Ratio —
 Dividend Payout Ratio —
 Dividend Rate —
 Dividend Yield —
PERFORMANCE GROWTH
 Asset Growth Rate -5.339 %
 Revenue Growth 3.623 %
Revenue Growth QoQ 0.0 %
Revenue Growth YoY -295.415 %
Revenue Growth IPRWA high: 8.11 %
RELX: 3.623 %
median: 2.603 %
mean: 2.358 %
low: -6.106 %
 Earnings Growth —
Earnings Growth QoQ —
Earnings Growth YoY —
Earnings Growth IPRWA —
MARGINS
 Gross Margin —
Gross Margin QoQ —
Gross Margin YoY —
Gross Margin IPRWA —
 EBIT Margin —
EBIT Margin QoQ —
EBIT Margin YoY —
EBIT Margin IPRWA —
 Return On Sales (ROS) —
Return On Sales QoQ —
Return On Sales YoY —
Return On Sales IPRWA —
CASH FLOW
 Free Cash Flow (FCF) —
 Free Cash Flow Yield —
Free Cash Flow Yield QoQ —
Free Cash Flow Yield YoY —
Free Cash Flow Yield IPRWA —
 Free Cash Growth —
Free Cash Growth QoQ —
Free Cash Growth YoY —
Free Cash Growth IPRWA —
 Free Cash To Net Income —
 Cash Flow Margin —
 Cash Flow To Earnings —
VALUE & RETURNS
 Economic Value Added —
 Return On Assets (ROA) —
Return On Assets QoQ —
Return On Assets YoY —
Return On Assets IPRWA —
 Return On Capital Employed (ROCE) —
 Return On Equity (ROE) —
Return On Equity QoQ —
Return On Equity YoY —
Return On Equity IPRWA —
 DuPont ROE —
 Return On Invested Capital (ROIC) —
Return On Invested Capital QoQ —
Return On Invested Capital YoY —
Return On Invested Capital IPRWA —

Six-Week Outlook

Near-term price bias leans toward a measured recovery. Bullish indicators: MACD increasing and crossing above its signal line, MRO negative implying upside potential, and both DI+ and DI- reversals suggesting momentum repair. These support scope for a swing toward the $49–$50 area where the 50- and 200-day averages and Ichimoku cloud resistance concentrate.

Risk triggers include the persistent numerical dominance of DI- over DI+ and the balance-sheet signals that underpin valuation pressure; failure to hold the recent crossover above the -1x Bollinger band or a renewed MACD peak-and-reverse would favor retesting the $46.05 super trend lower and the 20-day average.

Volume shows recent pickup versus the 10-day average (today’s 1.96m vs 10-day 1.48m), which supports the credibility of current short-term moves; monitor whether momentum indicators maintain the MACD cross and RSI recovery over the coming weeks to validate the current stabilization bias.

About RELX PLC

RELX PLC (NYSE:RELX) delivers information-based analytics and decision tools to professional and business clients worldwide. The company structures its operations into four primary segments: Risk, Scientific, Technical & Medical, Legal, and Exhibitions. The Risk segment provides analytics and decision tools that integrate public and industry-specific data with advanced technology and algorithms, enabling clients to assess and predict risk effectively. In the Scientific, Technical & Medical segment, RELX supplies information and datasets that support researchers and healthcare professionals in advancing scientific knowledge and improving health outcomes. The Legal segment offers comprehensive legal, regulatory, and business information and analytics, enhancing decision-making and productivity for its customers. Additionally, the Exhibitions segment combines in-person events with digital tools, facilitating market learning, product sourcing, and transaction completion for businesses. Originally known as Reed Elsevier PLC, the company rebranded to RELX PLC in July 2015. Established in 1903, RELX PLC maintains its headquarters in London, United Kingdom.



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