An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally.
VERDICT
The label
Markup
read at $35.75
RELX Plc ADR holds its Markup at $35.75.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-08-06
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 4 days
Price
$35.75
Valuation
21.28 trailing · 16.55 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.26
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$35.75
21.28 P/E · 16.55 fwd
Our fair value
$48.13
35% discount
Analyst target (avg)
$53.05
+48% to current
Target low $49.10Analyst target rangeTarget high $57.00
▲ current $35.75 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$35.75
you are here
Conservative
$44.19
+24%
Analyst avg
$53.05
+48%
Our fair value
$48.13
+35%
Analyst high
$57.00
+59%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
2.70%
Profit margin
23.27%
Debt to equity
709.64
Analyst consensus
Strong Buy · 2 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
It depends which standard you follow. There are two widely recognised ways to check whether a company is suitable for a Muslim investor, and on this company they disagree. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why the two disagree. They fall out over one thing only: the company’s debt. Our stricter standard measures that debt against what the company owns, and it works out too high to pass. The common standard measures the same debt against what the company is worth on the stock market, where it works out low enough to pass. Every other check, the two agree on. So in practice, most halal apps would treat this as fine to hold, while our stricter view would not — and which line you follow is between you and your scholar.
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is 49.2% of its assets, above the one-third ceiling the screen allows. Against market value it is 11.7%, under the 30% line the market-value standard uses — so that standard clears it.Divergent
Interest-bearing cashCash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 15.5% of assets, under the 49% limit.Pass
Revenue purityOnly 0.1% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Data Tools Deliver High Returns But Little Growth
Lawyers, scientists and risk teams lean on the same handful of databases the way surgeons reach for the same scalpel tray. RELX supplies those tools across legal, scientific and risk segments, delivering a 22 percent profit margin and 71 percent return on equity at a forward multiple of 15.8 times.
Those returns look impressive on paper, yet revenue is expanding only 1 percent a year and the moat is rated narrow. With an opportunity rating of none despite the 41 percent gap to our fair value estimate, the business fails to clear our threshold for action.
Exhibition revenues remain exposed to travel cycles and the narrow moat leaves room for specialist rivals to chip away. Ethical screen passes cleanly. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to United Kingdom and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADER
The trader read · the latest dated commentary
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 6.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 34%. Our forward projection puts the odds of a 10% gain over the next month near 11%. The street (2 analysts) rates it strong buy, with a mean price target of $52. Entered 2026-08-11 · Markup
JOURNAL
The dated journal · newest first, never edited
2026-08-11Markup · changed$35.75+6.0%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 6.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 34%. Our forward projection puts the odds of a 10% gain over the next month near 11%. The street (2 analysts) rates it strong buy, with a mean price target of $52.
2026-07-18Distribution$33.74+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 34%. Our forward projection puts the odds of a 10% gain over the next month near 11%. The street (2 analysts) rates it strong buy, with a mean price target of $52.
2026-07-03Distribution$33.74+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$33.74Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
POLITICAL
The political ledger · congressional disclosures
Disclosures naming RELX
Date
Politician
Party
Type
Amount
3 May2024
Tommy Tuberville
Republican
sell
1K–15K
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$33.27
+2.1%
·
$1,021
+2.1%
2 months
$32.66
+4.0%
$0.66
$1,060
+6.0%
3 months
$33.52
+1.3%
$0.66
$1,033
+3.3%
6 months
$39.51
-14.0%
$0.66
$876
-12.4%
1 year
$51.68
-34.3%
$0.92
$675
-32.5%
2 years
$43.02
-21.0%
$1.71
$829
-17.1%
3 years
$30.05
+13.0%
$2.46
$1,212
+21.2%
5 years
$24.34
+39.6%
$3.80
$1,551
+55.1%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever RELX does next, these words stay.
RELX Plc ADR · RELX · Markup · $35.75
Recorded 2026-08-06 · before the outcome · scored mechanically