Five Below (LTS:0IPD) Cyclically Adjusted PS Ratio: 3.48 (As of Jul. 14, 2026) — 28% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:0IPD Five Below Inc LTS:0IPD
99 GF Score
Price $191.81
GF Value $201.32
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Five Below Cyclically Adjusted PS Ratio?

Five Below LTS:0IPD +1.35% 99 Cyclically Adjusted PS Ratio is 3.48 as of Jul. 14, 2026, which is 28% below its 10-year median of 4.80. GuruFocus rates LTS:0IPD with a GF Score™ of 99/100 and a GF Value™ of $201.32 (Fairly Valued). The stock has 1 warning sign investors should review. Among 791 Retail - Cyclical companies, Five Below ranks worse than 91.66% on this metric.

As of today (2026-07-14), Five Below's current share price is $191.81. Five Below's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $55.19. Five Below's Cyclically Adjusted PS Ratio for today is 3.48.

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

LTS:0IPD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.27   Med: 4.8   Max: 9.73
Current: 3.46

During the past years, Five Below's highest Cyclically Adjusted PS Ratio was 9.73. The lowest was 1.27. And the median was 4.80.

LTS:0IPD's Cyclically Adjusted PS Ratio is ranked worse than
91.66% of 791 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs LTS:0IPD: 3.46

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Five Below's adjusted revenue per share data for the three months ended in Apr. 2026 was $23.119. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $55.19 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Five Below  (LTS:0IPD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Five Below Cyclically Adjusted PS Ratio Related Terms


Five Below Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Five Below's Cyclically Adjusted PS 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.

Five Below Cyclically Adjusted PS Ratio Chart

Five Below Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 6.15 4.70 2.10 3.66

Five Below Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 1.63 2.83 3.15 3.66 4.26

LTS:0IPD vs GME, MUSA, BBWI: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Five Below's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Five Below Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Five Below's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Five Below's Cyclically Adjusted PS Ratio falls into.


LTS:0IPD
99GF Score
Five Below Inc LTS:0IPD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Five Below Cyclically Adjusted PS Ratio Calculation

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

Five Below's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=191.81/55.19
=3.48

* 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.

Five Below's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Five Below's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=23.119/333.0200*333.0200
=23.119

Current CPI (Apr. 2026) = 333.0200.

Five Below Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 3.997 240.628 5.532
201610 3.616 241.729 4.982
201701 7.029 242.839 9.639
201704 4.211 244.524 5.735
201707 5.103 244.786 6.942
201710 4.625 246.663 6.244
201801 9.053 247.867 12.163
201804 5.291 250.546 7.033
201807 6.188 252.006 8.177
201810 5.563 252.885 7.326
201901 10.700 251.712 14.156
201904 6.482 255.548 8.447
201907 7.415 256.571 9.624
201910 6.738 257.346 8.719
202001 12.262 257.971 15.829
202004 3.605 256.389 4.682
202007 7.614 259.101 9.786
202010 8.496 260.388 10.866
202101 15.268 261.582 19.438
202104 10.623 267.054 13.247
202107 11.484 273.003 14.009
202110 10.785 276.589 12.985
202201 17.697 281.148 20.962
202204 11.455 289.109 13.195
202207 12.021 296.276 13.512
202210 11.584 298.012 12.945
202301 20.114 299.170 22.390
202304 13.021 303.363 14.294
202307 13.601 305.691 14.817
202310 13.250 307.671 14.342
202401 24.176 308.417 26.105
202404 14.693 313.548 15.605
202407 15.080 314.540 15.966
202410 15.310 315.664 16.152
202501 25.213 317.671 26.431
202504 17.585 320.795 18.255
202507 18.539 323.048 19.111
202510 18.684 0.000
202601 31.089 325.252 31.831
202604 23.119 333.020 23.119

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 3.48 mean?
Five Below (LTS:0IPD) has a Cyclically Adjusted PS Ratio of 3.48 as of Jul. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Five Below and its competitors. This is 28% below median its historical median of 4.80. Over the past decade, Five Below's Cyclically Adjusted PS Ratio has ranged from 1.27 to 9.73. According to the industry distribution chart, Five Below ranks #725 out of 791 companies in the Retail - Cyclical industry, placing it in the top 91.7%.
Is Five Below's Cyclically Adjusted PS Ratio too high?
Five Below's current Cyclically Adjusted PS Ratio of 3.48 is 28% below median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 9.73. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Five Below's value of 3.48 is 610.2% above this industry median. Based on the distribution chart, Five Below ranks #725 out of 791 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Five Below has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Five Below's Cyclically Adjusted PS Ratio compare to GME and MUSA?
According to the Retail - Cyclical industry distribution chart, Five Below ranks #725 out of 791 companies for Cyclically Adjusted PS Ratio. This places Five Below in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Five Below's value of 3.48 is 610.2% above this benchmark. Historically, Five Below's own Cyclically Adjusted PS Ratio has ranged from 1.27 to 9.73 over the past decade. While the company's 10-year median is 4.80 vs. the industry median of 0.49, Five Below 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 PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 791 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Five Below's current Cyclically Adjusted PS Ratio of 3.48 is 610.2% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Five Below and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Five Below's current Cyclically Adjusted PS Ratio is 3.48, which is 28% below median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Five Below stock overvalued right now?
Based on GuruFocus' analysis, Five Below (LTS:0IPD) is currently considered Fairly Valued. The stock's GF Value™ is $201.32, compared to a current price of $191.81 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.48, which is 28% below median its 10-year median of 4.80 and 610.2% above the Retail - Cyclical industry median of 0.49. Five Below's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Five Below (LTS:0IPD), the current Cyclically Adjusted PS Ratio is 3.48 as of Jul. 14, 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 Five Below (LTS:0IPD) Overvalued in 2026?

Based on GuruFocus' analysis, Five Below stock appears to be undervalued. The current stock price of $191.81 is trading 4.7% below its estimated GF Value™ of $201.32. GuruFocus considers Five Below to be Fairly Valued.

Key valuation signals for LTS:0IPD:

  • Cyclically Adjusted PS Ratio: 3.48 (28% below median its 10-year median of 4.80)
  • GF Value™: $201.32 vs. price of $191.81 (4.7% below fair value)
  • GF Score™: 99/100 with 1 warning sign
  • Industry Position: 610.2% above the Retail - Cyclical median (#725 of 791)

No single metric tells the full story. See the LTS:0IPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Five Below Business Description

Address 701 Market Street, Suite 300, Philadelphia, PA, USA, 19106
Five Below Inc is a specialty value retailer offering a broad range of trend-right, high-quality products loved by the kid and the kid in all of customers. The Company's edited assortment of products includes select brands and licensed merchandise. The Company also sells its merchandise on the internet, through the Company's e-commerce website and mobile app, offering home delivery and the option to buy online and pick up in store. Additionally, the Company sells merchandise through on-demand third-party delivery services to enable its customers to shop online and receive convenient delivery. It derives revenue from sales of the Company's merchandise to customers.
99GF Score

Get the complete analysis for LTS:0IPD

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

$191.81
Price
$201.32
GF Value