Five Below, Inc. (FIVE) Key Metrics
FIVE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.26B
- Enterprise value
- $13.37B
- P/E (TTM)
- 20.0 10-yr median 34.2
- Forward P/E
- 22.1
- PEG ratio
- 0.98
- Price / sales
- 2.3 10-yr median 3.0
- Price / book
- 5.1 10-yr median 8.0
- EV / EBITDA
- 13.6 10-yr median 21.8
- Dividend yield
- —
- Beta
- 0.94
FIVE key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsFIVE valuation Price multiples at each fiscal year-end price.
P/E ratio+45.7%
29.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / sales+67.6%
2.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book+69.8%
4.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA+33.5%
17.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / free cash flow−46.6%
25.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+1.8 pts
3.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
FIVE returns How much profit the business earns on the capital it uses.
Return on equity+3.0 pts
17.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital+2.5 pts
10.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+1.1 pts
7.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+5.9 pts
8.6%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion (OCF / net income)−3.7%
1.64
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover+2.3%
0.97
FY2026 · hover or tap a bar for each year
FY2017FY2026
FIVE per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+21.9%
$85.69
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share+40.3%
$6.45
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share+282.9%
$7.40
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share+20.3%
$39.45
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+0.8%
55.6M
FY2026 · hover or tap a bar for each year
FY2017FY2026
FIVE financial health Debt, liquidity and how easily interest is covered.
Debt / equity−15.4%
0.93
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$352.8M
$1.10B
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA−1.23
1.64
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+12.5%
2.01
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−19.4%
0.37
FY2026 · hover or tap a bar for each year
FY2017FY2026
FIVE efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding0 days
0 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−5 days
85 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding−2 days
35 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−3 days
50 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−4.7 pts
3.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Dividends + buybacks / FCF−37.7 pts
0.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
FIVE valuation history
Fiscal year-endToday10-year median
FIVE returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FIVE debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FIVE cash returned to shareholders
DividendsBuybacksFree cash flow
FIVE price vs earnings per share
Share price at year-endEPS (right axis)
FIVE key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.65B | $5.17B | $9.98B | $10.99B | $9.23B | $9.85B | $6.36B | $6.96B | $3.61B | $2.20B |
| Enterprise value | $11.75B | $6.63B | $11.26B | $12.09B | $10.19B | $10.55B | $7.05B | $6.62B | $3.36B | $2.04B |
| P/E ratio | 29.7 | 20.4 | 33.2 | 42.0 | 33.1 | 79.9 | 36.3 | 46.5 | 35.2 | 30.6 |
| Price / sales | 2.2 | 1.3 | 2.8 | 3.6 | 3.2 | 5.0 | 3.4 | 4.5 | 2.8 | 2.2 |
| Price / book | 4.9 | 2.9 | 6.3 | 8.1 | 8.2 | 11.2 | 8.4 | 11.3 | 7.9 | 6.6 |
| Price / free cash flow | 25.9 | 48.5 | 60.7 | 174.5 | 232.3 | 59.4 | — | 98.8 | 36.2 | 35.5 |
| Price / operating cash flow | 18.2 | 12.0 | 20.0 | 34.9 | 28.2 | 26.9 | 34.0 | 37.8 | 21.6 | 20.6 |
| EV / sales | 2.5 | 1.7 | 3.2 | 3.9 | 3.6 | 5.4 | 3.8 | 4.2 | 2.6 | 2.0 |
| EV / EBITDA | 17.5 | 13.1 | 21.2 | 26.7 | 22.4 | 47.1 | 25.9 | 29.0 | 17.6 | 14.5 |
| EV / free cash flow | 28.6 | 62.1 | 68.4 | 191.9 | 256.4 | 63.7 | — | 94.0 | 33.8 | 33.0 |
| Earnings yield | 3.4% | 4.9% | 3.0% | 2.4% | 3.0% | 1.3% | 2.8% | 2.2% | 2.8% | 3.3% |
| Free cash flow yield | 3.9% | 2.1% | 1.6% | 0.6% | 0.4% | 1.7% | −0.4% | 1.0% | 2.8% | 2.8% |
| Dividend yield | — | — | — | — | — | 0.6% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.8% | 0.8% | 0.4% | 0.7% | 0.7% | 0.7% | 0.1% | 0.0% | 0.1% |
| Share price at fiscal year-end | $191.64 | $93.78 | $179.46 | $197.13 | $164.00 | $175.73 | $113.22 | $123.73 | $64.93 | $39.85 |
| Per share | ||||||||||
| Revenue per share | $85.69 | $70.28 | $63.99 | $55.19 | $50.59 | $35.00 | $32.88 | $27.74 | $23.01 | $18.15 |
| Earnings per share | $6.45 | $4.60 | $5.41 | $4.69 | $4.95 | $2.20 | $3.12 | $2.66 | $1.84 | $1.30 |
| Operating cash flow per share | $10.55 | $7.81 | $8.98 | $5.65 | $5.82 | $6.53 | $3.33 | $3.28 | $3.01 | $1.93 |
| Free cash flow per share | $7.40 | $1.93 | $2.96 | $1.13 | $0.71 | $2.96 | −$0.45 | $1.25 | $1.79 | $1.12 |
| Cash per share | $16.77 | $9.59 | $8.27 | $7.16 | $6.08 | $7.31 | $4.66 | $6.00 | $4.40 | $2.79 |
| Book value per share | $39.45 | $32.79 | $28.50 | $24.43 | $19.90 | $15.73 | $13.53 | $10.94 | $8.25 | $6.01 |
| Tangible book value per share | $39.45 | $32.79 | $28.50 | $24.43 | $19.90 | $15.73 | $13.53 | $10.94 | $8.25 | $6.01 |
| Dividends per share | — | — | — | — | — | $0.99 | — | — | — | — |
| Capex per share | $3.14 | $5.87 | $6.02 | $4.52 | $5.12 | $3.57 | $3.78 | $2.02 | $1.22 | $0.81 |
| Debt per share | $36.55 | $35.93 | $31.26 | $26.85 | $23.07 | $19.81 | $16.88 | — | — | — |
| Shares outstanding | 55.6M | 55.2M | 55.6M | 55.7M | 56.3M | 56.1M | 56.2M | 56.2M | 55.6M | 55.1M |
| Change in shares outstanding | +0.8% | −0.8% | −0.2% | −1.0% | +0.4% | −0.2% | −0.1% | +1.2% | +0.8% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.9% | 14.9% | 20.4% | 21.1% | 27.9% | 15.0% | 25.5% | 27.9% | 25.9% | 24.9% |
| Return on invested capital (ROIC) | 10.4% | 7.9% | 10.9% | 11.4% | 15.8% | 8.2% | 19.9% | 59.4% | 51.9% | 44.4% |
| Return on assets (ROA) | 7.3% | 6.2% | 8.4% | 8.4% | 10.7% | 5.8% | 12.0% | 18.2% | 17.1% | 16.1% |
| Return on tangible assets | 6.5% | 5.8% | 7.8% | 7.9% | 9.7% | 5.3% | 8.9% | 15.7% | 14.7% | 14.4% |
| Free cash flow margin | 8.6% | 2.8% | 4.6% | 2.0% | 1.4% | 8.4% | −1.4% | 4.5% | 7.8% | 6.2% |
| Income quality (OCF / net income) | 1.64 | 1.70 | 1.66 | 1.20 | 1.18 | 2.97 | 1.07 | 1.23 | 1.63 | 1.48 |
| Financial health | ||||||||||
| Total debt | $2.03B | $1.98B | $1.74B | $1.50B | $1.30B | $1.11B | $948.1M | — | — | — |
| Cash & short-term investments | $932.2M | $528.8M | $460.1M | $399.2M | $342.1M | $409.7M | $261.7M | $337.2M | $244.6M | $153.9M |
| Net debt | $1.10B | $1.45B | $1.28B | $1.10B | $956.9M | $700.6M | $686.4M | −$337.2M | −$244.6M | −$153.9M |
| Debt / equity | 0.93 | 1.10 | 1.10 | 1.10 | 1.16 | 1.26 | 1.25 | — | — | — |
| Debt / assets | 0.37 | 0.46 | 0.45 | 0.45 | 0.45 | 0.48 | 0.48 | — | — | — |
| Net debt / EBITDA | 1.64 | 2.87 | 2.40 | 2.42 | 2.10 | 3.13 | 2.52 | −1.47 | −1.28 | −1.09 |
| Current ratio | 2.01 | 1.79 | 1.68 | 1.77 | 1.54 | 1.73 | 1.89 | 2.54 | 2.91 | 2.92 |
| Quick ratio | 1.12 | 0.91 | 0.86 | 0.89 | 0.77 | 1.09 | 0.97 | 1.57 | 1.78 | 1.59 |
| Interest coverage | — | — | — | 138.5 | 109.3 | 89.2 | 50.7 | 40.5 | 107.9 | 381.1 |
| Working capital | $962.7M | $594.9M | $487.6M | $463.8M | $317.8M | $319.7M | $314.4M | $389.2M | $314.9M | $223.2M |
| Invested capital | $3.29B | $3.26B | $2.86B | $2.46B | $2.08B | $1.58B | $1.45B | $277.9M | $213.9M | $177.5M |
| Tangible asset value | $2.19B | $1.81B | $1.58B | $1.36B | $1.12B | $881.9M | $759.8M | $615.1M | $458.6M | $331.4M |
| Net current asset value | −$1.41B | −$1.18B | −$1.08B | −$896.6M | −$855.4M | −$677.5M | −$533.2M | $305.1M | $242.2M | $170.7M |
| Graham number | $75.67 | $58.24 | $58.91 | $50.78 | $47.08 | $27.91 | $30.80 | $25.60 | $18.50 | $13.28 |
| Graham net-net per share | −$35.43 | −$30.26 | −$27.53 | −$23.20 | −$20.99 | −$15.66 | −$13.75 | $2.18 | $1.85 | $1.15 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $55.3M | — | — | — | — |
| Share buybacks (net) | $0 | $40.2M | $80.5M | $45.0M | $67.3M | $16.6M | $47.3M | $10.0M | $1.5M | $1.9M |
| Dividend payout ratio | — | — | — | — | — | 44.9% | — | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 37.7% | 48.9% | 71.4% | 169.4% | 43.4% | — | 14.2% | 1.5% | 3.1% |
| Capex / revenue | 3.7% | 8.4% | 9.4% | 8.2% | 10.1% | 10.2% | 11.5% | 7.3% | 5.3% | 4.5% |
| Capex / operating cash flow | 29.8% | 75.2% | 67.1% | 80.0% | 87.9% | 54.7% | 113.5% | 61.8% | 40.5% | 42.0% |
| Capex / depreciation | 0.91 | 1.93 | 2.56 | 2.39 | 3.40 | 2.89 | 3.86 | 2.74 | 2.04 | 1.68 |
| Stock-based compensation / revenue | 0.7% | 0.4% | 0.5% | 0.8% | 0.9% | 0.5% | 0.7% | 0.8% | 1.3% | 1.2% |
| SG&A / revenue | 22.4% | 22.2% | 21.3% | 24.4% | 22.8% | 25.4% | 24.7% | 24.2% | 23.9% | 24.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 0.4 | 0.4 | 0.7 | 1.2 | 1.1 | 1.0 | 0.5 | 0.4 | 0.5 | 0.5 |
| Days of inventory on hand | 84.8 | 90.0 | 88.8 | 90.6 | 73.9 | 84.3 | 88.3 | 79.0 | 76.5 | 85.9 |
| Days payables outstanding | 35.4 | 37.4 | 38.1 | 38.5 | 33.6 | 37.5 | 36.4 | 32.4 | 27.8 | 31.0 |
| Cash conversion cycle (days) | 49.8 | 53.1 | 51.4 | 53.3 | 41.4 | 47.8 | 52.5 | 47.0 | 49.2 | 55.4 |
| Receivables turnover | 966.46 | 817.57 | 518.41 | 304.24 | 322.30 | 376.86 | 683.97 | 866.18 | 669.92 | 691.61 |
| Payables turnover | 10.31 | 9.77 | 9.58 | 9.49 | 10.85 | 9.74 | 10.03 | 11.25 | 13.12 | 11.76 |
| Inventory turnover | 4.30 | 4.06 | 4.11 | 4.03 | 4.94 | 4.33 | 4.13 | 4.62 | 4.77 | 4.25 |
| Asset turnover | 0.97 | 0.94 | 0.99 | 0.99 | 1.10 | 0.92 | 1.27 | 1.89 | 2.14 | 2.24 |
| Average receivables | $4.9M | $4.7M | $6.9M | $10.1M | $8.8M | $5.2M | $2.7M | $1.8M | $1.9M | $1.4M |
| Average payables | $314.4M | $258.3M | $238.7M | $208.8M | $167.5M | $134.4M | $117.0M | $88.4M | $62.1M | $54.7M |
| Average inventory | $753.1M | $622.1M | $556.2M | $491.4M | $368.2M | $302.6M | $283.8M | $215.3M | $170.7M | $151.4M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FIVE's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FIVE valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Five Below traded at 29.7 times earnings, against a 10-year median of 34.2. Based on the latest twelve months, the trailing P/E is 20.0 and the forward P/E is 22.1. Five Below earned a return on equity of 17.9% and a return on invested capital of 10.4% in fiscal 2026. It ended the year with $2.0 billion of debt and $932.2 million in cash and short-term investments, net debt of $1.1 billion.
See the FIVE income statement, the FIVE chart for price history, or the FIVE stock overview for the latest quote and news.
FIVE key metrics FAQ
What is Five Below's P/E ratio?
Five Below's trailing P/E ratio is 20.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.1. At the end of fiscal 2026 it was 29.7, compared with a 10-year median of 34.2.
What is Five Below's EV/EBITDA?
Five Below's enterprise value was 17.5 times EBITDA at the end of fiscal 2026 (enterprise value $11.8 billion, EBITDA $672.5 million); the current EV/EBITDA is 13.6.
What is Five Below's return on equity?
Five Below's return on equity (ROE) was 17.9% in fiscal 2026: net income of $358.6 million on average shareholders' equity of $2.0 billion.
What is Five Below's ROIC?
Five Below's return on invested capital was 10.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Five Below have?
Five Below had total debt of $2.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.93 and $1.1 billion of net debt (1.64 times EBITDA).
What is Five Below's free cash flow yield?
Five Below generated $411.7 million of free cash flow in fiscal 2026, a free cash flow yield of 3.9% on its market value at year-end ($10.7 billion).
What is Five Below's current ratio?
Five Below's current ratio was 2.01 at the end of fiscal 2026: current assets were 2.01 times current liabilities.