In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Five Below's net current asset value per share for the quarter that ended in Apr. 2026 was MXN-215.58.
The historical rank and industry rank for Five Below's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Five Below was 23.13. The lowest was 12.81. And the median was 15.66.
MEX:FIVE's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.06 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Five Below (MEX:FIVE) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Five Below Net Current Asset Value Related Terms
Five Below Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Five Below's Net Current Asset Value 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.
MEX:FIVE vs GME, MUSA, BBWI: Net Current Asset Value Comparison
For the Specialty Retail subindustry, Five Below's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Five Below's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Five Below's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of MXN-215.58 mean?
Five Below (MEX:FIVE) has a Net Current Asset Value of MXN-215.58 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Five Below and its competitors. Over the past decade, Five Below's Net Current Asset Value has ranged from 12.81 to 23.13. According to the industry distribution chart, Five Below ranks #999999 out of 555 companies in the Retail - Cyclical industry.
Is Five Below's Net Current Asset Value too high?
Five Below's current Net Current Asset Value is MXN-215.58. Over the past 10 years, this metric has ranged from a low of 12.81 to a high of 23.13. Based on the distribution chart, Five Below ranks #999999 out of 555 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. 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 Net Current Asset Value compare to GME and MUSA?
According to the Retail - Cyclical industry distribution chart, Five Below ranks #999999 out of 555 companies for Net Current Asset Value. This places Five Below in the lower half of its industry. The industry median Net Current Asset Value is 3.06. Historically, Five Below's own Net Current Asset Value has ranged from 12.81 to 23.13 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.06, based on 555 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Five Below and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Five Below's current Net Current Asset Value is MXN-215.58. 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 Net Current Asset Value of MXN-215.58. The stock's GF Value™ is MXN3,770.88, compared to a current price of MXN3,385.60 — trading 10.2% below its estimated fair value. The current Net Current Asset Value is MXN-215.58. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Five Below (MEX:FIVE), the current Net Current Asset Value is MXN-215.58 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 undervalued.
The current stock price of MXN3,385.60 is trading 10.2% below its estimated GF Value™ of MXN3,770.88.
Key valuation signals for MEX:FIVE:
Net Current Asset Value: MXN-215.58
GF Value™: MXN3,770.88 vs. price of MXN3,385.60 (10.2% below fair value)
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 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
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