Relx PLC (REL) — Tangible Net Worth Ratio
Relx PLC (REL) has a Tangible Net Worth Ratio of -28.5% as of December 2025. This metric is calculated by deducting intangible assets (GBX3.07 Billion) from net assets (GBX2.39 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See REL working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Relx PLC Tangible Net Worth Ratio (1986–2025)
This chart shows how Relx PLC's Tangible Net Worth Ratio has changed across 41 annual periods from 1986 to 2025. As of December 2025, the ratio stands at -28.5%, reflecting net assets of GBX2.39 Billion with intangible assets of GBX3.07 Billion GBX. See Relx PLC (REL) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Relx PLC (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Relx PLC from 1986 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see REL market cap.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -28.5% | GBX2.39 Billion | GBX3.07 Billion | GBX14.76 Billion | ▼ -38.2 pp |
| 2024 | 9.7% | GBX3.50 Billion | GBX3.16 Billion | GBX15.13 Billion | ▲ +3.9 pp |
| 2023 | 5.8% | GBX3.44 Billion | GBX3.24 Billion | GBX14.92 Billion | ▼ -0.3 pp |
| 2022 | 6.1% | GBX3.75 Billion | GBX3.52 Billion | GBX15.83 Billion | ▲ +8.6 pp |
| 2021 | -2.5% | GBX3.22 Billion | GBX3.30 Billion | GBX13.86 Billion | ▲ +60.5 pp |
| 2020 | -63.0% | GBX2.10 Billion | GBX3.42 Billion | GBX14.14 Billion | ▼ -5.4 pp |
| 2019 | -57.6% | GBX2.19 Billion | GBX3.45 Billion | GBX13.79 Billion | ▼ -7.8 pp |
| 2018 | -49.8% | GBX2.36 Billion | GBX3.53 Billion | GBX14.00 Billion | ▼ -15.3 pp |
| 2017 | -34.5% | GBX2.37 Billion | GBX3.19 Billion | GBX12.28 Billion | ▲ +18.3 pp |
| 2016 | -52.8% | GBX2.36 Billion | GBX3.60 Billion | GBX13.32 Billion | ▼ -7.9 pp |
| 2015 | -44.9% | GBX2.18 Billion | GBX3.16 Billion | GBX11.19 Billion | ▲ +3.2 pp |
| 2014 | -48.1% | GBX2.14 Billion | GBX3.16 Billion | GBX11.09 Billion | ▼ -19.1 pp |
| 2013 | -28.9% | GBX2.42 Billion | GBX3.12 Billion | GBX10.49 Billion | ▲ +12.6 pp |
| 2012 | -41.5% | GBX2.31 Billion | GBX3.27 Billion | GBX11.01 Billion | ▲ +17.5 pp |
| 2011 | -59.0% | GBX1.16 Billion | GBX1.85 Billion | GBX6.09 Billion | ▲ +16.4 pp |
| 2010 | -75.5% | GBX1.04 Billion | GBX1.83 Billion | GBX5.90 Billion | ▲ +31.0 pp |
| 2009 | -106.5% | GBX930.51 Million | GBX1.92 Billion | GBX6.00 Billion | ▲ +242.4 pp |
| 2008 | -348.9% | GBX518.95 Million | GBX2.33 Billion | GBX6.81 Billion | ▼ -378.7 pp |
| 2007 | 29.8% | GBX1.57 Billion | GBX1.11 Billion | GBX5.17 Billion | ▲ +57.3 pp |
| 2006 | -27.5% | GBX1.05 Billion | GBX1.34 Billion | GBX4.51 Billion | ▲ +22.5 pp |
| 2005 | -50.1% | GBX1.05 Billion | GBX1.58 Billion | GBX4.83 Billion | ▲ +19.0 pp |
| 2004 | -69.1% | GBX887.13 Million | GBX1.50 Billion | GBX4.21 Billion | ▲ +40.9 pp |
| 2003 | -109.9% | GBX1.29 Billion | GBX2.72 Billion | GBX4.33 Billion | ▲ +4.6 pp |
| 2002 | -114.5% | GBX1.40 Billion | GBX3.00 Billion | GBX4.62 Billion | ▼ -99.3 pp |
| 2001 | -15.2% | GBX2.92 Billion | GBX3.37 Billion | GBX9.84 Billion | ▼ -53.7 pp |
| 2000 | 38.5% | GBX3.05 Billion | GBX1.88 Billion | GBX7.43 Billion | ▲ +29.6 pp |
| 1999 | 8.9% | GBX1.86 Billion | GBX1.70 Billion | GBX5.27 Billion | ▼ -7.9 pp |
| 1998 | 16.7% | GBX2.14 Billion | GBX1.78 Billion | GBX5.76 Billion | ▲ +83.4 pp |
| 1997 | -66.7% | GBX1.50 Billion | GBX2.50 Billion | GBX5.00 Billion | ▼ -43.8 pp |
| 1996 | -22.9% | GBX1.10 Billion | GBX1.35 Billion | GBX2.72 Billion | ▼ -68.6 pp |
| 1995 | 45.7% | GBX1.10 Billion | GBX598.30 Million | GBX2.91 Billion | ▼ -3.2 pp |
| 1994 | 48.9% | GBX755.41 Million | GBX386.17 Million | GBX2.46 Billion | ▼ -16.2 pp |
| 1993 | 65.1% | GBX908.82 Million | GBX317.40 Million | GBX2.22 Billion | ▼ -6.3 pp |
| 1992 | 71.3% | GBX1.43 Billion | GBX411.20 Million | GBX3.07 Billion | ▲ +4.1 pp |
| 1992 | 67.2% | GBX1.37 Billion | GBX450.30 Million | GBX2.89 Billion | ▲ +0.3 pp |
| 1991 | 66.9% | GBX1.32 Billion | GBX435.70 Million | GBX2.66 Billion | ▼ -2.8 pp |
| 1990 | 69.7% | GBX1.38 Billion | GBX417.40 Million | GBX2.66 Billion | ▼ -7.2 pp |
| 1989 | 76.9% | GBX1.47 Billion | GBX339.80 Million | GBX2.25 Billion | ▲ +19.0 pp |
| 1988 | 57.9% | GBX993.10 Million | GBX418.00 Million | GBX1.87 Billion | ▲ +15.7 pp |
| 1987 | 42.2% | GBX697.80 Million | GBX403.50 Million | GBX1.47 Billion | ▼ -0.6 pp |
| 1986 | 42.8% | GBX634.50 Million | GBX363.20 Million | GBX1.26 Billion | — |