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Five9, Inc (FIVN) Fair Value & Analysis

Technology · US · Market cap $1.5B

FI Five9, Inc logo Five9, Inc FIVN · US
Price$33.99
Fair Value$7.44
Upside-78.1%
Quality44/100
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Healthy Growth
Thin margins · 4.9% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 31/100
Evidence: High Range $6.15 – $9.30 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Share price +40.5% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($9.30). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

$209.70 $13.61 Fair Value $7.44 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $13.61 – $209.70 · fair‑value band $6.15 – $9.30 · the $33.99 price screens above the $7.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Five9, Inc (FIVN) currently trades at $33.99, while our model-based Fair Value estimate is $7.44, implying the stock looks roughly 78.1% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Five9, Inc generated revenue of $1.2B at a net margin of 4.9%. Revenue grew 9.2% year over year. It earns a return on equity of 7.7%. Net debt stands at $615M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $6.15 (bear case) to $9.30 (bull case); at $33.99, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 156% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -78%, FIVN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $26.94 $49.05 $89.72 80
Residual Income $7.50 $7.55 $6.87 76
Rev-Margin DCF $7.70 $15.57 $29.14 74
All 24 models by family
DCF Models
FCF DCF $29.20 $45.65 $94.82 38
Owner Earnings $6.11 $19.72 $44.96 31
5Y Revenue Exit $7.70 $12.72 $22.60 39
5Y EBITDA Exit $13.08 $23.69 $44.05 41
5Y P/E Exit $10.14 $22.31 $37.44 38
10Y Revenue Exit $14.77 $27.36 $32.43 36
10Y EBITDA Exit $18.49 $37.76 $69.72 37
10Y P/E Exit $16.54 $32.08 $55.91 35
Earnings-Based
Graham-Dodd $3.50 $24.41 $34.26 54
Lynch FV $8.78 $12.55 $16.31 50
PEG = 1.0 $8.78 $12.55 $16.31 46
Dividend Discount
Gordon GGM $26.26 $47.31 $65.13 70
DDM Multi-Stage $26.26 $43.22 $50.54 61
Multiples
P/E Multiple $7.72 $10.30 $12.87 63
P/S Multiple $6.56 $8.75 $10.94 58
P/B Multiple $6.56 $8.75 $10.94 55
EV/EBIT $1.10 $3.01 53
EV/EBITDA $5.44 $9.45 $13.46 54
EV/Revenue $0.6300 43
Asset-Based
NCAV (Graham) $5.13 $6.88 $10.26 50
Growth DCF
Growth DCF $26.94 $49.05 $89.72 80
Rev-Margin DCF $7.70 $15.57 $29.14 74
Economic Profit
Residual Income $7.50 $7.55 $6.87 76
Growth Earnings
Growth-Adj P/E $11.14 $15.91 $20.69 68

Widest divergence: Dividend Discount ($43.22) versus Asset-Based ($6.88). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.2B
Revenue growth (YoY) +9.2%
Net margin 4.9%
Return on equity 7.7%
Free cash flow $201M FY2025
P/E ratio 29.8
More key figures
Operating margin 6.1%
EPS (TTM) $0.6500
EPS growth (YoY) +2,669%
Net debt $615M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 48 · Market factors (momentum, volatility) 58

Profitability 38
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 1
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers CX platform that delivers a suite of applications, which enables the breadth of customer service, sales, and marketing functions.

Full company description

Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers CX platform that delivers a suite of applications, which enables the breadth of customer service, sales, and marketing functions. The company's platform comprises AI agents, agent assist, workflow automation, AI insights, AI summaries, workforce engagement management, and revenue execution, as well as allows simultaneous management and optimization of customer interactions across voice, chat, email, web, social media and mobile channels, through our application programming interfaces. It also matches each customer interaction with an agent resource and delivers customer data to the agent in real-time through integrations with adjacent enterprise applications, such as CRM software, to optimize customer experience and enhance agent productivity, as well as offers software-as-a-service business model. The company serves customers in various industries, such as banking and financial services, business process outsourcers, retail, healthcare, technology, and education. Five9, Inc. was incorporated in 2001 and is headquartered in San Ramon, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Five9, Inc reported revenue of $1.1B in FY2025 versus $610M in FY2021, a compound +17.2%/yr. Reported net income was $39.4M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.1B
Latest YoY
+10.3%
Avg. growth/yr (3Y)
+13.8%
Avg. growth/yr (5Y)
+21.4%
Avg. growth/yr (14Y)
+26.4%
Revenue +17.2%/yr
FY21 $610M
FY22 $779M
FY23 $910M
FY24 $1.0B
FY25 $1.1B
Net income
FY21 −$53.0M
FY22 −$94.7M
FY23 −$81.8M
FY24 −$12.8M
FY25 $39.4M

FIVN screens 78% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Five9, Inc Fair Value". https://www.fairvalue-calculator.com/stock/FIVN

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Infrastructure · 368 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 44 · Below median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 9% · Above median
Debt / equity 0.94× · Higher than 75% of peers

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 29.8× · Pricier than median
P/B 1.89× · Cheaper than median
P/S (TTM) 1.26× · Cheaper than median
P/FCF 7.4× · Cheaper than median
EV/EBITDA 14.8× · Cheaper than median
PEG 0.17× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 46 · sector 46
PAST 31 · sector 15
HEALTH 53 · sector 99
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Five9, Inc (FIVN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $7.44 versus a price of $33.99, about −78% (overvalued).
What is the fair value of FIVN?
Our model-based fair value for Five9, Inc is $7.44 (as of Jul 16, 2026), built from audited fundamentals. The current price is $33.99.
What is the quality score of FIVN?
Five9, Inc has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Five9, Inc (FIVN)?
Five9, Inc reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FIVN?
The net profit margin of Five9, Inc is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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