FIVE · Intrinsic value
Is Five Below, Inc. (FIVE) overvalued or undervalued?
Five Below, Inc. (FIVE) trades at the delayed market price of $223.35 a share. That price already implies revenue growth of 19.4% a year for 5 years. TickerWorth's fair value is $196.56 a share (priced within our range of $81.30 – $257.25). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is FIVE fairly valued?
- Fair value
- $196.56
- Market price
- $223.35
- Downside to fair value
- 12.0%
- Verdict
- Priced within our range of $81.30 – $257.25
Reverse DCF: Today's price implies revenue growth of 19.4% a year for 5 years; our model assumes 14.2% a year on average over the same horizon.
What is FIVE's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Consumer Cyclical companies in US
Its strongest point: strong balance sheet. Its weakest: looks expensive on the numbers.
- Value · 40 of 100
Cheaper than 40% of Consumer Cyclical companies in US
- Price vs worth · 40 of 100
- Quality · 55 of 100
More profitable than 55% of Consumer Cyclical companies in US
- Financial health · 70 of 100
Financially stronger than 70% of Consumer Cyclical companies in US
- Growth · 65 of 100
Growing faster than 65% of Consumer Cyclical companies in US
- Momentum · 75 of 100
Outperformed 75% of Consumer Cyclical companies in US over the past year
Confidence: High confidence · Scored
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FIVE DCF valuation, input by input
TickerWorth's fair value for Five Below, Inc. (FIVE) is $196.56 a share, against the delayed market price of $223.35 (priced within our range of $81.30 – $257.25). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values FIVE at about $200.58 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Five Below, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 8.8%, with a long-run terminal growth rate of 2.5%. About 77% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 19.4% annual revenue growth for FIVE. Our base case instead compounds to about 14.2% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, FIVE's modeled DCF value ranges from about $150.02 to $316.85 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Five Below, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of FIVE's intrinsic value. Figures update as new filings and prices come in.
Every input behind FIVE's DCF
| Input | Value |
|---|---|
| Base-year revenueFive Below, Inc. FY2025 10-K (accession 0001177609-26-000010): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $4,764,150,000 |
| Base EBIT marginFive Below, Inc. FY2025 10-K (accession 0001177609-26-000010): us-gaap:OperatingIncomeLoss 457,399,000 / revenue 4,764,147,000 = 9.60%, FY2025. | 9.6% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 25% → 20% → 14% → 9% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.8% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.97 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesFive Below, Inc. FY2025 10-K (accession 0001177609-26-000010): WeightedAverageNumberOfDilutedSharesOutstanding = 55,436,972 shares, FY2025. | 55M |
| Market priceBackup price feed · as of 2026-10-19 15:20 UTC | $223.34 |
Change FIVE's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Five Below, Inc. do?
What does it do?
Five Below, Inc. operates as a specialty value retailer in the United States. It operates in the Specialty Retail industry (Consumer Cyclical sector), headquartered in United States. The company employs roughly 7,800 people.
How does it make money?
The business turns $5.3B in annual revenue into profit. Out of every $100 of sales, about $9 is left as operating profit (operating margin of 8.9%), after a 38% gross margin on the products/services it sells. After all costs, taxes and interest, 11.7% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.8× equity), comfortably covers its short-term bills (2.2× current ratio), and is currently profitable.
Who at FIVE filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Poliner Graham | CSBIAO | Shares withheld (tax) | $98,131.61 | Form 4 for Poliner Graham (opens sec.gov in a new tab) | |
| Israel Michelle Lee | Chief Merchandising Officer | Shares withheld (tax) | $13,434.88 | Form 4 for Israel Michelle Lee (opens sec.gov in a new tab) | |
| Sullivan Daniel | Chief Financial Officer | Shares withheld (tax) | $421,099.52 | Form 4 for Sullivan Daniel (opens sec.gov in a new tab) | |
| Gellerman Maureen Marie | CHRO | Grant / award | — | Form 4 for Gellerman Maureen Marie (opens sec.gov in a new tab) | |
| Poliner Graham | CSBIAO | Grant / award | — | Form 4 for Poliner Graham (opens sec.gov in a new tab) | |
| Jhunjhunwala Amit | Chief Information Officer | Grant / award | — | Form 4 for Jhunjhunwala Amit (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is FIVE's intrinsic value?
TickerWorth's blended fair value for Five Below, Inc. (FIVE) is $196.56 per share, versus a market price of $223.35 (priced within our range of $81.30 – $257.25).
Is FIVE overvalued or undervalued?
Priced within our range of $81.30 – $257.25 at $223.35. We don't call FIVE overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for FIVE?
A WACC of 8.8% and a terminal growth rate of 2.5%.
Is Five Below stock undervalued?
TickerWorth's fair value for Five Below, Inc. (FIVE) is $196.56 against a market price of $223.35. Our read: Priced within our range of $81.30 – $257.25. This is a model estimate, not investment advice.
Five Below (FIVE) DCF valuation and fair value
Our fair value for Five Below, Inc. (FIVE) is $196.56, built on a 8.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Five Below stock?
Today's price implies revenue growth of 19.4% a year for 5 years; our model assumes 14.2% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $223.35. A model estimate, not investment advice.
Five Below (FIVE) insider trading
The most recent insider filing (SEC Form 4) for Five Below, Inc. (FIVE): Poliner Graham, CSBIAO, shares withheld (tax) on 2026-10-10. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.