Five Below Valuation Multiples

Five Below Overview

About Five Below

Five Below Inc is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company’s edited assortment of products includes select brands and licensed merchandise. It derives revenue from sales of the Company’s merchandise to customers.

Founded

2002

HQ

Employees

23.2K

Website

fivebelow.com

Sectors

Clothing & AccessoriesSpecialty Stores

Financials (LTM)

Revenue: $5B

EBITDA: $693M

EV

$14B

Valuation Multiples

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Five Below Financials

Five Below reported last 12-month revenue of $5B and EBITDA of $693M.

In the same LTM period, Five Below generated $2B in gross profit, $693M in EBITDA, and $387M in net income.

Five Below P&L

In the most recent fiscal year, Five Below reported revenue of $5B and EBITDA of $665M.

Five Below expects next 12-month revenue of XXX and NTM EBITDA of XXX

Five Below Stock Performance

Five Below has current market cap of $13B, and enterprise value of $14B.

Five Below's stock price is $236.26.

Five Below Valuation Multiples

Five Below trades at 2.9x EV/Revenue multiple, and 20.4x EV/EBITDA.

Five Below Financial Valuation Multiples

As of April 18, 2026, Five Below has market cap of $13B and EV of $14B.

Equity research analysts estimate Five Below's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Five Below has a P/E ratio of 33.7x.

Five Below Margins & Growth Rates

Five Below's revenue in the last 12 month grew by 11%.

Five Below's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Five Below's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Five Below's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Five Below Public Comps

See public comps and valuation multiples for other Clothing & Accessories and Specialty Stores comps.

Five Below M&A Activity

Five Below acquired XXX companies to date.

Last acquisition by Five Below was on XXXXXXXX, XXXXX. Five Below acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Five Below Investment Activity

Five Below invested in XXX companies to date.

Five Below made its latest investment on XXXXXXXX, XXXXX. Five Below invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).