Five Below, Inc. (FIVE) Financial Ratios
16 years of historical data (2010–2025) · Consumer Cyclical · Discount Stores
EV/EBITDA
↓
18.54
↓-11% vs avg
5yr avg: 20.83
30Y Low13.9·High47.7
P/FCF
↓
26.07
↓-76% vs avg
5yr avg: 108.37
30Y Low25.9·High175.5
P/B Ratio
↓
4.92
↓-19% vs avg
5yr avg: 6.07
30Y Low2.9·High18.5
ROE
↓
17.9%
-12% vs avg
5yr avg: 20.4%
30Y Low15%·High34%
Debt/EBITDA
↑
3.13
↓-6% vs avg
5yr avg: 3.33
30Y Low0.0·High5.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FIVE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Five Below, Inc. trades at 30.0x earnings, 5% below its 5-year average of 31.7x, sitting at the 15th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 42%. On a free-cash-flow basis, the stock trades at 26.1x P/FCF, 76% below the 5-year average of 108.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.7B | $10.7B | $5.2B | $10.0B | $11.0B | $9.2B | $9.9B | $6.4B | $7.0B | $3.6B | $2.2B |
| Enterprise Value | $12.0B | $12.0B | $6.8B | $11.5B | $12.2B | $10.5B | $10.7B | $7.1B | $6.7B | $3.5B | $2.1B |
| P/E Ratio → | 30.04 | 29.67 | 20.39 | 33.17 | 42.03 | 33.13 | 79.88 | 36.29 | 46.52 | 35.29 | 30.65 |
| P/S Ratio | 2.25 | 2.24 | 1.33 | 2.80 | 3.57 | 3.24 | 5.02 | 3.44 | 4.46 | 2.82 | 2.20 |
| P/B Ratio | 4.92 | 4.86 | 2.86 | 6.30 | 8.07 | 8.24 | 11.17 | 8.37 | 11.31 | 7.87 | 6.63 |
| P/FCF | 26.07 | 25.88 | 48.50 | 60.65 | 174.51 | 232.33 | 59.43 | — | 98.79 | 36.23 | 35.53 |
| P/OCF | 18.30 | 18.17 | 12.01 | 19.98 | 34.89 | 28.16 | 26.92 | 34.00 | 37.78 | 21.55 | 20.60 |
P/E links to full P/E history page with 30-year chart
FIVE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Five Below, Inc.'s enterprise value stands at 18.5x EBITDA, 11% below its 5-year average of 20.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 52% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.51 | 1.76 | 3.24 | 3.95 | 3.68 | 5.45 | 3.85 | 4.30 | 2.73 | 2.12 |
| EV / EBITDA | 18.54 | 18.42 | 13.89 | 22.35 | 26.97 | 22.53 | 47.70 | 26.10 | 29.32 | 18.33 | 15.08 |
| EV / EBIT | 26.32 | 24.90 | 20.14 | 28.77 | 34.97 | 28.28 | 69.07 | 32.70 | 35.82 | 22.21 | 18.61 |
| EV / FCF | — | 29.06 | 63.97 | 70.13 | 193.00 | 263.38 | 64.50 | — | 95.22 | 35.09 | 34.30 |
FIVE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Five Below, Inc. earns an operating margin of 9.6%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 10.8% to 9.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.9% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 9.9% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.0% | 32.0% | 34.9% | 35.8% | 35.6% | 36.2% | 33.2% | 36.5% | 36.2% | 36.3% | 35.7% |
| Operating Margin | 9.6% | 9.6% | 8.4% | 10.8% | 11.2% | 13.3% | 7.9% | 11.8% | 12.0% | 12.3% | 11.4% |
| Net Profit Margin | 7.5% | 7.5% | 6.5% | 8.5% | 8.5% | 9.8% | 6.3% | 9.5% | 9.6% | 8.0% | 7.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.9% | 17.9% | 14.9% | 20.4% | 21.1% | 27.9% | 15.0% | 25.5% | 27.9% | 25.9% | 24.9% |
| ROA | 7.3% | 7.3% | 6.2% | 8.4% | 8.4% | 10.7% | 5.8% | 12.0% | 18.2% | 17.1% | 16.1% |
| ROIC | 9.9% | 9.9% | 7.4% | 10.2% | 10.6% | 14.0% | 7.2% | 17.4% | 39.6% | 39.3% | 38.3% |
| ROCE | 11.2% | 11.2% | 9.6% | 13.1% | 13.8% | 18.2% | 8.9% | 18.8% | 30.4% | 34.4% | 33.8% |
FIVE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Five Below, Inc. carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (34% below the sector average of 4.8x). Net debt stands at $1.3B ($2.0B total debt minus $724M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.93 | 0.93 | 1.10 | 1.10 | 1.10 | 1.16 | 1.26 | 1.25 | — | — | — |
| Debt / EBITDA | 3.13 | 3.13 | 4.03 | 3.37 | 3.32 | 2.80 | 4.95 | 3.48 | — | — | — |
| Net Debt / Equity | — | 0.60 | 0.91 | 0.98 | 0.85 | 1.10 | 0.95 | 0.98 | -0.41 | -0.25 | -0.23 |
| Net Debt / EBITDA | 2.01 | 2.01 | 3.36 | 3.02 | 2.58 | 2.66 | 3.75 | 2.74 | -1.10 | -0.59 | -0.54 |
| Debt / FCF | — | 3.18 | 15.47 | 9.47 | 18.49 | 31.05 | 5.08 | — | -3.58 | -1.13 | -1.23 |
| Interest Coverage | — | — | — | — | — | 106.47 | 89.17 | — | — | — | — |
FIVE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Five Below, Inc.'s current ratio of 2.01x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.12x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.68x to 2.01x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.01 | 2.01 | 1.79 | 1.68 | 1.77 | 1.54 | 1.73 | 1.89 | 2.54 | 2.91 | 2.92 |
| Quick Ratio | 1.12 | 1.12 | 0.91 | 0.86 | 0.89 | 0.77 | 1.09 | 0.97 | 1.57 | 1.78 | 1.59 |
| Cash Ratio | 0.98 | 0.98 | 0.70 | 0.64 | 0.66 | 0.58 | 0.94 | 0.74 | 1.33 | 1.49 | 1.32 |
| Asset Turnover | — | 0.86 | 0.89 | 0.92 | 0.93 | 0.99 | 0.85 | 0.94 | 1.64 | 1.84 | 2.00 |
| Inventory Turnover | 3.83 | 3.83 | 3.83 | 3.91 | 3.75 | 3.99 | 4.66 | 3.62 | 4.08 | 4.36 | 4.17 |
| Days Sales Outstanding | — | — | 0.44 | 0.50 | 1.06 | 1.45 | 1.18 | — | — | — | — |
FIVE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Five Below, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.4% | 4.9% | 3.0% | 2.4% | 3.0% | 1.3% | 2.8% | 2.1% | 2.8% | 3.3% |
| FCF Yield | 3.8% | 3.9% | 2.1% | 1.6% | 0.6% | 0.4% | 1.7% | — | 1.0% | 2.8% | 2.8% |
| Buyback Yield | 0.0% | 0.0% | 0.9% | 1.0% | 0.4% | 0.7% | 0.2% | 0.7% | 0.1% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.9% | 1.0% | 0.4% | 0.7% | 0.2% | 0.7% | 0.1% | 0.0% | 0.1% |
| Shares Outstanding | — | $56M | $55M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | $55M |
Peer Comparison
Compare FIVE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FIVEYou | $11B | 30.0 | 18.5 | 26.1 | 32.0% | 9.6% | 17.9% | 9.9% | 3.1 |
 DLTR | $21B | 18.8 | 11.3 | 15.4 | 36.4% | 8.2% | 33.2% | 13.2% | 2.1 |
 DG | $25B | 16.6 | 12.2 | 10.5 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 PSMT | $6B | 37.8 | 18.6 | 57.9 | 17.4% | 4.5% | 12.2% | 13.8% | 1.0 |
 GO | $916M | -4.0 | — | 38.5 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 OLLI | $5B | 19.8 | 13.4 | 23.9 | 39.0% | 12.2% | 13.4% | 11.1% | 1.8 |
 BURL | $21B | 35.4 | 20.6 | 123.6 | 43.9% | 7.3% | 38.4% | 10.3% | 4.8 |
 TJX | $181B | 33.6 | 22.4 | 36.9 | 31.0% | 11.9% | 59.1% | 32.3% | 1.6 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 TGT | $59B | 16.1 | 9.3 | 20.9 | 25.4% | 4.6% | 24.0% | 12.0% | 2.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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FIVE — Frequently Asked Questions
Quick answers to the most common questions about buying FIVE stock.
What is Five Below, Inc.'s P/E ratio?
Five Below, Inc.'s current P/E ratio is 30.0x. The historical average is 40.0x. This places it at the 15th percentile of its historical range.
What is Five Below, Inc.'s EV/EBITDA?
Five Below, Inc.'s current EV/EBITDA is 18.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.7x.
What is Five Below, Inc.'s ROE?
Five Below, Inc.'s return on equity (ROE) is 17.9%. The historical average is 24.8%.
Is FIVE stock overvalued?
Based on historical data, Five Below, Inc. is trading at a P/E of 30.0x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Five Below, Inc.'s profit margins?
Five Below, Inc. has 32.0% gross margin and 9.6% operating margin.
How much debt does Five Below, Inc. have?
Five Below, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.