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FIVE
ACCE-researched

Five Below Inc. Common Stock (FIVE) fair value

Consumer Cyclical · Specialty Retail · NASDAQ · United States
$223.24-1.16%
Market cap $12.4BNext earnings 2026-12-02Updated Oct 21, 2026
Add earnings to calendarGoogle
Our verdict
Trades 90% above our fair value
Price
$223.24
Model fair valueConfidence: good
$117
Model range
$60.61 to $184
Fair value $117
Price $223
3 models fit Five Below Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze59
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionFive Below Inc. Common Stock (FIVE)
Fair value (3 models)
$117
ACCE price target
$242
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $130 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $225 since 26 Sept 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $223 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
90.4% above
-47.5% to fair value
ACCE score
72
out of 100
Analysts
65% buy
26 covering
P/E
20.1x
forward 22.1x
1-year return
+42.1%
Dividend yield
0.00%

Five Below Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Five Below sells everything at or under $5, plus a growing $5-to-$25 "Five Beyond" format, through roughly 1,500 small-box stores aimed at teens, tweens and their parents. Its edge is a treasure-hunt assortment that rotates constantly, which keeps shoppers returning and lets it buy closeout and off-price merchandise at prices competitors can't match. Revenue growth of 22.9% is well ahead of most specialty retailers, and the 28.2% return on equity says the store base is earning its keep. The key question is whether that growth rate survives a consumer slowdown, with the 8.9% operating margin against a 37.6% gross margin showing how much of the profit depends on keeping costs under control. At 19.1x trailing earnings and 19.3x forward, the market is pricing in that growth continuing without assigning it a premium, which is worth a closer look.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • moderate
    Sequential revenue deceleration
    QoQ revenue declined 1.9% despite 22.9% YoY growth, signalling potential momentum loss or seasonal headwind in current quarter.
  • moderate
    ACCE score deterioration
    Score fell 4 points to 70 over 90 days; Value component weak at 62, suggesting valuation multiple may not be fully supported by fundamentals.
  • moderate
    Insider selling concentration
    Last 10 disclosures show $5.65M in sales against $0 in buys; no offsetting insider confidence signal during recent score decline.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-07-31 · prices to Oct 23, 2026
Why it could do well
  • Revenue growth of 22.9% year over year far exceeds the 5-year average of 15.7%, showing accelerating momentum.
  • Return on equity of 28.3% and free cash flow of 367 million demonstrate the company generates substantial returns on capital.
  • Latest earnings beat expectations by 19.3%, and 68% of analysts rate the stock Buy or Strong Buy.
Why it could disappoint
  • Stock trades at 19.4x forward earnings versus sector median of 17.5x, while consensus fair value is 29.4% below current price.
  • Free cash flow yield of only 3.1% is modest, and the valuation implies just 9.9% perpetual cash flow growth.
  • Debt to equity of 0.82 is elevated for a discretionary retailer, limiting financial flexibility if consumer spending weakens.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Dec 2, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where FIVE's valuation models land
Price
$223.24
Model fair value
$117
Model range
$60.61 to $184
Fair value $117
Price $223
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish65% buy · 26 covering analysts
● Strong buy 15● Buy 2● Hold 9● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+0.2%
1 month
-1.8%
3 months
+9.9%
6 months
-4.6%
YTD
+18.5%
1 year
+42.1%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
21 Oct 2026, 11:06 CESTRatingOvervaluedfirst publication$224
21 Oct 2026, 11:06 CESTFair value$117$130$224
18 Oct 2026, 01:52 CESTACCE price target$242$225$223
16 Oct 2026, 00:00 CESTFair value$130$152$219
12 Oct 2026, 00:00 CESTFair value$152$136$215
8 Oct 2026, 00:00 CESTFair value$136$138$210
5 Oct 2026, 00:00 CESTFair value$138$140$221
26 Sept 2026, 00:00 CESTACCE price target$225first publication$223
26 Sept 2026, 00:00 CESTFair value$140$138$222
24 Sept 2026, 00:00 CESTFair value$138$140$232

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth88Value60Quality69Momentum70Total72
Valuation
Trailing P/E
20.1x
Forward P/E
22.1x
PEG
0.98
P/B
5.06x
EV / Revenue
2.5x
Book value/sh
$44.98
Enterprise value
$13.4B
Profitability
ROE
28.2%
FCF yield
3.31%
ROIC
7.0%
Health and risk
Debt / equity
0.93
Dividend yield
0.00%
Beta
0.94

Price

+42.8% · 1Y

Ask anything about FIVE

Answered from Five Below Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 17% of peers
low 15.4x20.1xhigh 28.5x
ROEbetter than 60% of peers
low 11%28%high 86%
Div yieldbetter than 17% of peers
low 0.0%0.0%high 3.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
FIVE Five Below Inc. Common Stock$223.24$11790% above20.1x28.2%6972
GME GameStop Corporation Common Stock$25.39$1934% above16.3x15.8%6959
DKS Dick's Sporting Goods Inc Common Stock$148.78$11925% above15.4x18.5%5754
8136.T Sanrio Company, Ltd.¥1326.50--28.5x-10080
MUSA Murphy USA Inc. Common Stock$532.10$41429% above16.4x86.4%4572
TSCO Tractor Supply Company Common Stock$34.73$2443% above18.0x39.5%6445
CTC-A.TO Canadian Tire AC$208.25C$16229% above16.1x11.2%4665

Sector report card

Where FIVE ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 23, 2026
    Five Below Appoints Scott Settersten to its Board of Directors
  • PR Newswire•Sep 18, 2026
    Littlest Pet Shop and LIKE NASTYA, Global YouTube Sensation, Launch First-Ever Collab Collection at Global Retailers and Announce Special Event at Five Below in New York City
  • GlobeNewswire•Aug 19, 2026
    Five Below, Inc. Announces Second Quarter Fiscal 2026 Earnings Release and Conference Call Date and Participation in Upcoming Investor Conferences
1 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 14
8-KCurrent reportPeriod 2026-10-14
View on SEC →
Oct 14
Form 4Insider transactionPeriod 2026-10-10
View on SEC →
Oct 8
Form 4Insider transactionPeriod 2026-10-06
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR