Five9 (BSP:F2IV34) Cyclically Adjusted PB Ratio: 6.58 (As of Aug. 10, 2026) — 51% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:F2IV34 Five9 Inc BSP:F2IV34
51 GF Score
Price R$11.32
GF Value R$10.88
Valuation Fairly Valued
! 9 Warning Signs
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What is Five9 Cyclically Adjusted PB Ratio?

Five9 BSP:F2IV34 +20.04% 51 Cyclically Adjusted PB Ratio is 6.58 as of Aug. 10, 2026, which is 51% below its 10-year median of 13.30. GuruFocus rates BSP:F2IV34 with a GF Score™ of 51/100 and a GF Value™ of R$10.88 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,558 Software companies, Five9 ranks worse than 82.28% on this metric.

As of today (2026-08-10), Five9's current share price is R$11.32. Five9's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$1.72. Five9's Cyclically Adjusted PB Ratio for today is 6.58.

The historical rank and industry rank for Five9's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:F2IV34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 13.3   Max: 40.84
Current: 6.87

During the past years, Five9's highest Cyclically Adjusted PB Ratio was 40.84. The lowest was 2.91. And the median was 13.30.

BSP:F2IV34's Cyclically Adjusted PB Ratio is ranked worse than
82.28% of 1558 companies
in the Software industry
Industry Median: 2.31 vs BSP:F2IV34: 6.87

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Five9's adjusted book value per share data for the three months ended in Jun. 2026 was R$47.046. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$1.72 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Five9  (BSP:F2IV34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Five9 Cyclically Adjusted PB Ratio Related Terms


Five9 Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Five9's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Five9 Cyclically Adjusted PB Ratio Chart

Five9 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 33.31 30.02 12.03 4.62

Five9 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.86 5.88 4.62 3.24 4.31

BSP:F2IV34 vs MQ, APPN, EVTC: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Five9's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Five9 Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Five9's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Five9's Cyclically Adjusted PB Ratio falls into.


BSP:F2IV34
51GF Score
Five9 Inc BSP:F2IV34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Five9 Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Five9's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.32/1.72
=6.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Five9's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Five9's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=47.046/333.9520*333.9520
=47.046

Current CPI (Jun. 2026) = 333.9520.

Five9 Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.583 241.428 2.190
201612 1.906 241.432 2.636
201703 1.665 243.801 2.281
201706 1.923 244.955 2.622
201709 2.127 246.819 2.878
201712 2.725 246.524 3.691
201803 4.576 249.554 6.124
201806 7.733 251.989 10.248
201809 8.944 252.439 11.832
201812 9.362 251.233 12.444
201903 9.703 254.202 12.747
201906 10.595 256.143 13.813
201909 12.008 256.759 15.618
201912 13.102 256.974 17.027
202003 16.274 258.115 21.055
202006 20.215 257.797 26.187
202009 21.537 260.280 27.633
202012 21.604 260.474 27.698
202103 12.123 264.877 15.284
202106 12.088 271.696 14.858
202109 13.274 274.310 16.160
202112 17.433 278.802 20.881
202203 15.344 287.504 17.823
202206 17.637 296.311 19.877
202209 20.040 296.808 22.548
202212 22.885 296.797 25.750
202303 24.686 301.836 27.313
202306 30.852 305.109 33.769
202309 33.552 307.789 36.404
202312 35.960 306.746 39.149
202403 32.610 312.332 34.867
202406 37.908 314.175 40.294
202409 41.646 315.301 44.109
202412 50.074 315.605 52.985
202503 50.169 319.799 52.389
202506 51.492 322.561 53.310
202509 53.160 324.800 54.658
202512 55.538 324.054 57.234
202603 56.667 330.213 57.309
202606 47.046 333.952 47.046

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 6.58 mean?
Five9 (BSP:F2IV34) has a Cyclically Adjusted PB Ratio of 6.58 as of Aug. 10, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Five9 and its competitors. This is 51% below median its historical median of 13.30. Over the past decade, Five9's Cyclically Adjusted PB Ratio has ranged from 2.91 to 40.84. According to the industry distribution chart, Five9 ranks #1282 out of 1558 companies in the Software industry, placing it in the top 82.3%.
Is Five9's Cyclically Adjusted PB Ratio too high?
Five9's current Cyclically Adjusted PB Ratio of 6.58 is 51% below median its 10-year median of 13.30. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 40.84. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Five9's value of 6.58 is 184.8% above this industry median. Based on the distribution chart, Five9 ranks #1282 out of 1558 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Five9 has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Five9's Cyclically Adjusted PB Ratio compare to MQ and APPN?
According to the Software industry distribution chart, Five9 ranks #1282 out of 1558 companies for Cyclically Adjusted PB Ratio. This places Five9 in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Five9's value of 6.58 is 184.8% above this benchmark. Historically, Five9's own Cyclically Adjusted PB Ratio has ranged from 2.91 to 40.84 over the past decade. While the company's 10-year median is 13.30 vs. the industry median of 2.31, Five9 has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,558 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Five9's current Cyclically Adjusted PB Ratio of 6.58 is 184.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Five9 and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Five9's current Cyclically Adjusted PB Ratio is 6.58, which is 51% below median its own 10-year median of 13.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Five9 stock overvalued right now?
Based on GuruFocus' analysis, Five9 (BSP:F2IV34) is currently considered Fairly Valued. The stock's GF Value™ is R$10.88, compared to a current price of R$11.32 — trading 4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.58, which is 51% below median its 10-year median of 13.30 and 184.8% above the Software industry median of 2.31. Five9's overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Five9 (BSP:F2IV34), the current Cyclically Adjusted PB Ratio is 6.58 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Five9 (BSP:F2IV34) Overvalued in 2026?

Based on GuruFocus' analysis, Five9 stock appears to be overvalued. The current stock price of R$11.32 is trading 4% above its estimated GF Value™ of R$10.88. GuruFocus considers Five9 to be Fairly Valued.

Key valuation signals for BSP:F2IV34:

  • Cyclically Adjusted PB Ratio: 6.58 (51% below median its 10-year median of 13.30)
  • GF Value™: R$10.88 vs. price of R$11.32 (4% above fair value)
  • GF Score™: 51/100 with 9 warning signs
  • Industry Position: 184.8% above the Software median (#1282 of 1558)

No single metric tells the full story. See the BSP:F2IV34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Five9 Business Description

Address 3001 Bishop Drive, Suite 350, San Ramon, CA, USA, 94583
Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Intelligent CX platform combines core telephony functionality, omnichannel engagement, and modules into a cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, and optimization solutions, as well as artificial intelligence-driven automation solutions that optimize customer service efficiency and manage interaction quality and agent performance.
51GF Score

Get the complete analysis for BSP:F2IV34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$11.32
Price
R$10.88
GF Value