15 years of historical data (2010–2024) · Consumer Cyclical · Discount Stores
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Five Below, Inc. trades at 48.6x earnings, 16% above its 5-year average of 41.7x, sitting at the 83rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 18.8x, the stock trades at a premium of 159%. On a free-cash-flow basis, the stock trades at 115.6x P/FCF, roughly in line with the 5-year average of 115.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.3B | $5.2B | $10.0B | $11.0B | $9.2B | $9.9B | $6.4B | $7.0B | $3.6B | $2.2B | $1.9B |
| Enterprise Value | $14.0B | $6.8B | $11.5B | $12.2B | $10.5B | $10.7B | $7.1B | $6.7B | $3.5B | $2.1B | $1.9B |
| P/E Ratio → | 48.59 | 20.39 | 33.17 | 42.03 | 33.13 | 79.88 | 36.29 | 46.52 | 35.29 | 30.65 | 33.55 |
| P/S Ratio | 3.18 | 1.33 | 2.80 | 3.57 | 3.24 | 5.02 | 3.44 | 4.46 | 2.82 | 2.20 | 2.32 |
| P/B Ratio | 6.82 | 2.86 | 6.30 | 8.07 | 8.24 | 11.17 | 8.37 | 11.31 | 7.87 | 6.63 | 7.90 |
| P/FCF | 115.60 | 48.50 | 60.65 | 174.51 | 232.33 | 59.43 | — | 98.79 | 36.23 | 35.53 | 55.38 |
| P/OCF | 28.63 | 12.01 | 19.98 | 34.89 | 28.16 | 26.92 | 34.00 | 37.78 | 21.55 | 20.60 | 21.96 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Five Below, Inc.'s enterprise value stands at 28.5x EBITDA, 7% above its 5-year average of 26.7x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 159% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.76 | 3.24 | 3.95 | 3.68 | 5.45 | 3.85 | 4.30 | 2.73 | 2.12 | 2.26 |
| EV / EBITDA | 28.46 | 13.89 | 22.35 | 26.97 | 22.53 | 47.70 | 26.10 | 29.32 | 18.33 | 15.08 | 16.30 |
| EV / EBIT | 43.17 | 21.07 | 29.93 | 35.22 | 27.56 | 69.07 | 32.70 | 35.82 | 22.21 | 18.61 | 20.20 |
| EV / FCF | — | 63.97 | 70.13 | 193.00 | 263.38 | 64.50 | — | 95.22 | 35.09 | 34.30 | 53.86 |
Margins and return-on-capital ratios measuring operating efficiency
Five Below, Inc. earns an operating margin of 8.4%, above the Consumer Cyclical sector average of 2.4%. Operating margins have compressed from 11.2% to 8.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 14.9% is modest. ROIC of 7.4% represents adequate returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.9% | 34.9% | 35.8% | 35.6% | 36.2% | 33.2% | 36.5% | 36.2% | 36.3% | 35.7% | 35.1% |
| Operating Margin | 8.4% | 8.4% | 10.8% | 11.2% | 13.3% | 7.9% | 11.8% | 12.0% | 12.3% | 11.4% | 11.2% |
| Net Profit Margin | 6.5% | 6.5% | 8.5% | 8.5% | 9.8% | 6.3% | 9.5% | 9.6% | 8.0% | 7.2% | 6.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.9% | 14.9% | 20.4% | 21.1% | 27.9% | 15.0% | 25.5% | 27.9% | 25.9% | 24.9% | 27.5% |
| ROA | 6.2% | 6.2% | 8.4% | 8.4% | 10.7% | 5.8% | 12.0% | 18.2% | 17.1% | 16.1% | 16.8% |
| ROIC | 7.4% | 7.4% | 10.2% | 10.6% | 14.0% | 7.2% | 17.4% | 39.6% | 39.3% | 38.3% | 46.1% |
| ROCE | 9.6% | 9.6% | 13.1% | 13.8% | 18.2% | 8.9% | 18.8% | 30.4% | 34.4% | 33.8% | 36.7% |
Solvency and debt-coverage ratios — lower is generally safer
Five Below, Inc. carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (roughly in line with the sector average of 4.2x). Net debt stands at $1.6B ($2.0B total debt minus $332M cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.10 | 1.10 | 1.10 | 1.10 | 1.16 | 1.26 | 1.25 | — | — | — | — |
| Debt / EBITDA | 4.03 | 4.03 | 3.37 | 3.32 | 2.80 | 4.95 | 3.48 | — | — | — | — |
| Net Debt / Equity | — | 0.91 | 0.98 | 0.85 | 1.10 | 0.95 | 0.98 | -0.41 | -0.25 | -0.23 | -0.22 |
| Net Debt / EBITDA | 3.36 | 3.36 | 3.02 | 2.58 | 2.66 | 3.75 | 2.74 | -1.10 | -0.59 | -0.54 | -0.46 |
| Debt / FCF | — | 15.47 | 9.47 | 18.49 | 31.05 | 5.08 | — | -3.58 | -1.13 | -1.23 | -1.52 |
| Interest Coverage | — | — | — | — | 109.26 | 89.17 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.79x means Five Below, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.91x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.79 | 1.79 | 1.68 | 1.77 | 1.54 | 1.73 | 1.89 | 2.54 | 2.91 | 2.92 | 2.59 |
| Quick Ratio | 0.91 | 0.91 | 0.86 | 0.89 | 0.77 | 1.09 | 0.97 | 1.57 | 1.78 | 1.59 | 1.14 |
| Cash Ratio | 0.70 | 0.70 | 0.64 | 0.66 | 0.58 | 0.94 | 0.74 | 1.33 | 1.49 | 1.32 | 0.97 |
| Asset Turnover | — | 0.89 | 0.92 | 0.93 | 0.99 | 0.85 | 0.94 | 1.64 | 1.84 | 2.00 | 2.12 |
| Inventory Turnover | 3.83 | 3.83 | 3.91 | 3.75 | 3.99 | 4.66 | 3.62 | 4.08 | 4.36 | 4.17 | 3.64 |
| Days Sales Outstanding | — | 0.44 | 0.50 | 1.06 | 1.45 | 1.18 | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Five Below, Inc. returns 0.4% to shareholders annually primarily through share buybacks. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 4.9% | 3.0% | 2.4% | 3.0% | 1.3% | 2.8% | 2.1% | 2.8% | 3.3% | 3.0% |
| FCF Yield | 0.9% | 2.1% | 1.6% | 0.6% | 0.4% | 1.7% | — | 1.0% | 2.8% | 2.8% | 1.8% |
| Buyback Yield | 0.4% | 0.9% | 1.0% | 0.4% | 0.7% | 0.2% | 0.7% | 0.1% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.9% | 1.0% | 0.4% | 0.7% | 0.2% | 0.7% | 0.1% | 0.0% | 0.1% | 0.0% |
| Shares Outstanding | — | $55M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | $55M | $55M |
Includes 30+ ratios · 15 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonFive Below, Inc.'s current P/E ratio is 48.6x. The historical average is 40.9x. This places it at the 83th percentile of its historical range.
Five Below, Inc.'s current EV/EBITDA is 28.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.1x.
Five Below, Inc.'s return on equity (ROE) is 14.9%. The historical average is 25.3%.
Based on historical data, Five Below, Inc. is trading at a P/E of 48.6x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Five Below, Inc. has 34.9% gross margin and 8.4% operating margin.
Five Below, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.