Five9 (LTS:0TMV) Cyclically Adjusted PB Ratio: 4.99 (As of Jul. 25, 2026) — 62% 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.

LTS:0TMV Five9 Inc LTS:0TMV
71 GF Score
Price $23.21
GF Value $38.80
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Five9 Cyclically Adjusted PB Ratio?

Five9 LTS:0TMV +9.05% 71 Cyclically Adjusted PB Ratio is 4.99 as of Jul. 25, 2026, which is 62% below its 10-year median of 13.07. GuruFocus rates LTS:0TMV with a GF Score™ of 71/100 and a GF Value™ of $38.80 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,591 Software companies, Five9 ranks worse than 75.86% on this metric.

As of today (2026-07-25), Five9's current share price is $23.205. Five9's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.65. Five9's Cyclically Adjusted PB Ratio for today is 4.99.

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

LTS:0TMV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 13.07   Max: 40.84
Current: 4.94

During the past years, Five9's highest Cyclically Adjusted PB Ratio was 40.84. The lowest was 2.91. And the median was 13.07.

LTS:0TMV's Cyclically Adjusted PB Ratio is ranked worse than
75.86% of 1591 companies
in the Software industry
Industry Median: 2.26 vs LTS:0TMV: 4.94

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 Mar. 2026 was $10.836. 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 $4.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Five9  (LTS:0TMV) 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.51 6.86 5.88 4.62 3.24

LTS:0TMV vs APPN, EVTC, MQ: 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.


LTS:0TMV
71GF Score
Five9 Inc LTS:0TMV
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
=23.205/4.65
=4.99

* 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 Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.836/330.2130*330.2130
=10.836

Current CPI (Mar. 2026) = 330.2130.

Five9 Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.503 241.018 0.689
201609 0.487 241.428 0.666
201612 0.568 241.432 0.777
201703 0.532 243.801 0.721
201706 0.584 244.955 0.787
201709 0.679 246.819 0.908
201712 0.827 246.524 1.108
201803 1.395 249.554 1.846
201806 2.051 251.989 2.688
201809 2.177 252.439 2.848
201812 2.411 251.233 3.169
201903 2.526 254.202 3.281
201906 2.748 256.143 3.543
201909 2.915 256.759 3.749
201912 3.192 256.974 4.102
202003 3.331 258.115 4.261
202006 3.896 257.797 4.990
202009 3.988 260.280 5.060
202012 4.199 260.474 5.323
202103 2.151 264.877 2.682
202106 2.404 271.696 2.922
202109 2.514 274.310 3.026
202112 3.083 278.802 3.652
202203 3.083 287.504 3.541
202206 3.494 296.311 3.894
202209 3.822 296.808 4.252
202212 4.363 296.797 4.854
202303 4.740 301.836 5.186
202306 6.356 305.109 6.879
202309 6.794 307.789 7.289
202312 7.339 306.746 7.900
202403 6.548 312.332 6.923
202406 7.038 314.175 7.397
202409 7.520 315.301 7.876
202412 8.207 315.605 8.587
202503 8.713 319.799 8.997
202506 9.285 322.561 9.505
202509 9.912 324.800 10.077
202512 10.180 324.054 10.373
202603 10.836 330.213 10.836

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 4.99 mean?
Five9 (LTS:0TMV) has a Cyclically Adjusted PB Ratio of 4.99 as of Jul. 25, 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 62% below median its historical median of 13.07. 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 #1207 out of 1591 companies in the Software industry, placing it in the top 75.9%.
Is Five9's Cyclically Adjusted PB Ratio too high?
Five9's current Cyclically Adjusted PB Ratio of 4.99 is 62% below median its 10-year median of 13.07. 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 2.26. Five9's value of 4.99 is 120.8% above this industry median. Based on the distribution chart, Five9 ranks #1207 out of 1591 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Five9 has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Five9's Cyclically Adjusted PB Ratio compare to APPN and EVTC?
According to the Software industry distribution chart, Five9 ranks #1207 out of 1591 companies for Cyclically Adjusted PB Ratio. This places Five9 in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Five9's value of 4.99 is 120.8% 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 13.07 vs. the industry median of 2.26, 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 2.26, based on 1,591 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 4.99 is 120.8% 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 2.26 — 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 4.99, which is 62% below median its own 10-year median of 13.07. 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 (LTS:0TMV) is currently considered Significantly Undervalued. The stock's GF Value™ is $38.80, compared to a current price of $23.21 — trading 40.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.99, which is 62% below median its 10-year median of 13.07 and 120.8% above the Software industry median of 2.26. Five9's overall GF Score™ is 71/100 with 6 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 (LTS:0TMV), the current Cyclically Adjusted PB Ratio is 4.99 as of Jul. 25, 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 (LTS:0TMV) Overvalued in 2026?

Based on GuruFocus' analysis, Five9 stock appears to be undervalued. The current stock price of $23.21 is trading 40.2% below its estimated GF Value™ of $38.80. GuruFocus considers Five9 to be Significantly Undervalued.

Key valuation signals for LTS:0TMV:

  • Cyclically Adjusted PB Ratio: 4.99 (62% below median its 10-year median of 13.07)
  • GF Value™: $38.80 vs. price of $23.21 (40.2% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 120.8% above the Software median (#1207 of 1591)

No single metric tells the full story. See the LTS:0TMV 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.
71GF Score

Get the complete analysis for LTS:0TMV

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

$23.21
Price
$38.80
GF Value