Five Below, Inc.
Rank #203HypergrowthFIVE · Nasdaq · Consumer Cyclical
Five Below, Inc. (FIVE) — Rank #203 by gross profitability (GP/assets 0.32) · ROE 14.5% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001177609 · all metrics point-in-time as of the filing date.
About
Five Below, Inc. operates as a specialty value retailer in the United States.
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It offers assortment of classic and novelty candy bars, movie-size box candy, seasonal-related candy, gum, and snack food products, as well as sells chilled drinks through coolers; socks, jewelry, hair accessories, cozy loungewear, and t-shirts; personal care essentials, skincare, fragrance, and branded cosmetics; and party goods, decorations, gag gifts, greeting cards, and every day and special occasion merchandise products. The company also provides personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options; assortment of craft activity kits with various arts and crafts supplies, such as markers, paint, canvas, compounds, slime, beads, and stickers; and supplies craft activities and school products. In addition, it offers cell phone cables and chargers, power banks, phone cases and accessories, screen protectors, auto phone accessories, and computer and tablet accessories, as well as earbuds, headphones, and speakers. Further, the company provides assortment of sport balls, sports accessories and fitness products, including hand weights and yoga mats; toys, including brand name board games, puzzles, action figures, construction sets, remote control, collectibles, novelty toys, and plush products; and outdoor toys for the pool and beach. Additionally, it offers seasonally relevant items to use for the occasions and milestones, such as Holiday, Easter, Halloween, Summer, and Back to School. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in August 2002. Five Below, Inc.
was incorporated in 2002 and is headquartered in Philadelphia, Pennsylvania.
- Industry
- Specialty Retail
- Sector
- Consumer Cyclical
- State
- PA
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 30
- Website
- fivebelow.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$13.14B
P/E (annual)
36.9
P/S (annual)
2.8
P/B
5.3
P/OCF (annual)
22.4
Shareholder Yield
-0.5%
Employees
7,800
Industry
Specialty Retail
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
14.2%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.5% — per-share value needs a total required return of 14.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 12.3%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
9.5%
r = 10% (base)
14.2%
r = 12%
18.2%
Net debt / market cap: -9.1%
Note: current FCF margin is 1.6σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.32
Primary signal (Novy-Marx).
6th of 6 SIC 53 peers
Return on equity
14.5%
Gross margin
36.0%
4th of 6 SIC 53 peers
Revenue growth (YoY)
22.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
15.7%
Revenue CAGR (5Y)
19.4%
Earnings CAGR (3Y)
11.1%
FCF CAGR (3Y)
87.0%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.13
5th of 6 SIC 53 peers (best = lowest)
Current ratio
2.22×
4th of 6 SIC 53 peers
Quick ratio
—
Net cash
$1.20B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$411.69M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.15
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).