Five Below (MEX:FIVE) Debt-to-Equity: 0.86 (As of Apr. 2026) — 30% 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.

MEX:FIVE Five Below Inc MEX:FIVE
97 GF Score
Price MXN3,385.60
GF Value MXN3,359.70
! 1 Warning Sign
View Full Analysis

What is Five Below Debt-to-Equity?

Five Below MEX:FIVE 97 Debt-to-Equity is 0.86 as of Apr. 2026, which is 30% below its 10-year median of 1.22. GuruFocus rates MEX:FIVE with a GF Score™ of 97/100 and a GF Value™ of MXN3,359.70. The stock has 1 warning sign investors should review. Among 1,019 Retail - Cyclical companies, Five Below ranks worse than 63.79% on this metric.

Five Below's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was MXN5,264 Mil. Five Below's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was MXN29,745 Mil. Five Below's Total Stockholders Equity for the quarter that ended in Apr. 2026 was MXN40,505 Mil. Five Below's debt to equity for the quarter that ended in Apr. 2026 was 0.86.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Five Below's Debt-to-Equity or its related term are showing as below:

MEX:FIVE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86   Med: 1.22   Max: 1.46
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Five Below was 1.46. The lowest was 0.86. And the median was 1.22.

MEX:FIVE's Debt-to-Equity is ranked worse than
63.79% of 1019 companies
in the Retail - Cyclical industry
Industry Median: 0.56 vs MEX:FIVE: 0.86

Five Below  (MEX:FIVE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Five Below Debt-to-Equity Related Terms


Five Below Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Five Below's Debt-to-Equity 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 Debt-to-Equity Chart

Five Below Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 1.10 1.10 1.10 0.93

Five Below Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Debt-to-Equity 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 1.06 1.06 1.03 0.93 0.86

MEX:FIVE vs GME, MUSA, BBWI: Debt-to-Equity Comparison

For the Specialty Retail subindustry, Five Below's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Five Below's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Five Below's Debt-to-Equity falls into.


MEX:FIVE
97GF Score
Five Below Inc MEX:FIVE
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Five Below Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Five Below's Debt to Equity Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Five Below's Debt to Equity Ratio for the quarter that ended in Apr. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.86 mean?
Five Below (MEX:FIVE) has a Debt-to-Equity of 0.86 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Five Below and its competitors. This is 30% below median its historical median of 1.22. Over the past decade, Five Below's Debt-to-Equity has ranged from 0.86 to 1.46. According to the industry distribution chart, Five Below ranks #650 out of 1019 companies in the Retail - Cyclical industry, placing it in the top 63.8%.
Is Five Below's Debt-to-Equity too high?
Five Below's current Debt-to-Equity of 0.86 is 30% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.46. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Five Below's value of 0.86 is 53.6% above this industry median. Based on the distribution chart, Five Below ranks #650 out of 1019 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Five Below has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Five Below's Debt-to-Equity compare to GME and MUSA?
According to the Retail - Cyclical industry distribution chart, Five Below ranks #650 out of 1019 companies for Debt-to-Equity. This places Five Below in the lower half of its industry. The industry median Debt-to-Equity is 0.56. Five Below's value of 0.86 is 53.6% above this benchmark. Historically, Five Below's own Debt-to-Equity has ranged from 0.86 to 1.46 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 0.56, 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 Debt-to-Equity for a Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,019 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Five Below's current Debt-to-Equity of 0.86 is 53.6% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Five Below and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Five Below's current Debt-to-Equity is 0.86, which is 30% below median its own 10-year median of 1.22. 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?
Five Below (MEX:FIVE) has a current Debt-to-Equity of 0.86. The stock's GF Value™ is MXN3,359.70, compared to a current price of MXN3,385.60 — trading 0.8% above its estimated fair value. The current Debt-to-Equity is 0.86, which is 30% below median its 10-year median of 1.22 and 53.6% above the Retail - Cyclical industry median of 0.56. Five Below's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Five Below (MEX:FIVE), the current Debt-to-Equity is 0.86 as of Apr. 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 (MEX:FIVE) Overvalued in 2026?

Based on GuruFocus' analysis, Five Below stock appears to be overvalued. The current stock price of MXN3,385.60 is trading 0.8% above its estimated GF Value™ of MXN3,359.70.

Key valuation signals for MEX:FIVE:

  • Debt-to-Equity: 0.86 (30% below median its 10-year median of 1.22)
  • GF Value™: MXN3,359.70 vs. price of MXN3,385.60 (0.8% above fair value)
  • GF Score™: 97/100 with 1 warning sign
  • Industry Position: 53.6% above the Retail - Cyclical median (#650 of 1019)

No single metric tells the full story. See the MEX:FIVE 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.
97GF Score

Get the complete analysis for MEX:FIVE

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,385.60
Price
MXN3,359.70
GF Value