Five9 Inc (FIVN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Five9 Inc stock $30.93, price $28.12, upside +10.0%, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $13.61 – $201.68 · fair‑value band $21.66 – $40.22 · the $28.12 price screens below the $30.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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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.
Stock analysis
Five9 Inc (FIVN) currently trades at $28.12, while our model-based Fair Value estimate is $30.93, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $34.87 per share, and 8 of the 21 models we run sit above the $28.12 price.
Bear case: the Asset-Based group reads lowest at $3.30, and 13 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $21.66 (bear) to $40.22 (bull), the price of $28.12 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap $2.4B Mid · P/E ratio 40.2 · P/S ratio 1.94 · EPS (TTM) $0.7000 · Net margin 4.5% · Return on equity 6.9% · Return on assets (EBIT) −3.8% (5-year average) · Operating margin 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
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 about 27% below its 52-week high and 107% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at 10%, FIVN screens cheaper than that median.
Fair Value models
Bear$21.66Fair Value $30.93Bull$40.22
Price $28.12 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.6003 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 6 officers or directors sold shares worth $4.8M and none bought.
SaleAndy DignanPresident6× since Dec 4, 2025: 65,854 shares, avg. $28.82$1.9MSep 17, 202610b5-1 plan
SaleTiffany N. MeriweatherChief Admin. & Legal Officer5× since Dec 4, 2025: 70,660 shares, avg. $24.31$1.7MSep 8, 2026
SaleBryan M LeeChief Financial Officer4× since Dec 4, 2025: 63,579 shares, avg. $25.33$1.6MSep 8, 2026
SaleLeena MansharamaniSVP, Chief Accounting Officer4× since Dec 4, 2025: 14,050 shares, avg. $26.96$378,778Sep 8, 2026
SalePanos KozanianEVP, Product Engineering3× since Dec 4, 2025: 27,589 shares, avg. $20.37$561,879Jun 4, 2026
SaleMatthew E. TucknessChief Revenue Officer3× since Dec 4, 2025: 19,064 shares, avg. $21.70$413,702Jun 4, 2026
SaleMichael BurklandChief Executive Officer17,992 shares at $20.35$366,137Dec 4, 2025
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.4%
Start year 2020 (pandemic). Over 10 years: +24.5% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2.8% (2020) → 2.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.0% a year for the price and +6.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: AI-driven revenue expansion and fresh contracts represent the core strength, while thin profitability combined with elevated leverage forms the primary weakness in this competitive sector.
Main risk: Elevated debt levels pose the biggest risk by pressuring future margins as the company scales its AI investments and professional services.
Five9's AI revenue jumped 78 percent year over year in the second quarter while the company added a large new customer contract. To keep up with faster AI deployments it is expanding professional services capacity, which has narrowed gross margins. Will the added AI capabilities drive enough new business and retention gains to more than cover the ongoing investment costs?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Infrastructure · 346 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)6.9% · Above median
Return on assets2.2% · Below median
Net margin (12 months)4.5% · Below median
Operating margin (12 months)4.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.1% · Above median
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (12 months)40.2× · Pricier than median
P/B3.06× · Pricier than median
P/S (12 months)1.94× · Cheaper than median
Price / free cash flow (fiscal year)11.9× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Five9 Inc Fair Value". https://www.fairvalue-calculator.com/stock/FIVN
Frequently asked questions
Is Five9 Inc (FIVN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $30.93 versus a price of $28.12, about +10% upside (fairly valued).
What is the fair value of FIVN?
Our model-based fair value for Five9 Inc is $30.93 (as of Nov 8, 2026), built from audited fundamentals. The current price: $28.12.
What is the quality score of FIVN?
Five9 Inc has a Quality Score of 56/100. 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 price target for Five9 Inc (FIVN)?
Our model-based price target is the fair value of $30.93 (as of Nov 8, 2026) from 21 valuation models. Cautious scenario $21.66, optimistic scenario $40.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Five9 Inc stock forecast for 2026?
Our models put fair value at $30.93, about +10% upside versus a price of $28.12 (fairly valued). Cautious scenario $21.66, optimistic scenario $40.22. The calculation is refreshed regularly with new filings.
What is the revenue of Five9 Inc (FIVN)?
Five9 Inc reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Nov 8, 2026).
What growth is priced into Five9 Inc (FIVN)?
For today's price to be fair in a discounted-cash-flow model, Five9 Inc would have to grow free cash flow by +6.5 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of FIVN use?
Our models discount Five9 Inc at 11.1 %: a base by market capitalisation (mid), damped by beta 1.55, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Five9 Inc that is +6.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Five9 Inc (FIVN) delivered so far?
Over the past 5 years revenue at Five9 Inc grew +21.5 % a year. The price currently implies free-cash-flow growth of +6.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Five9 Inc (FIVN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Five9 Inc (+6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Five9 Inc (FIVN)?
The free-cash-flow yield on the price is 8.37 %: that much free cash flow Five9 Inc produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Five9 Inc (FIVN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Five9 Inc it is $30.93 per share (as of Nov 8, 2026), against a price of $28.12. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Five9 Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, FIVN trades below its calculated fair value: price $28.12, fair value $30.93, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FIVN?
No. The price is what the market pays today ($28.12); the fair value is what the company's own numbers justify ($30.93). For Five9 Inc the two are $2.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Five9 Inc worth?
The market values Five9 Inc at about $2.4B (market capitalisation, as of Nov 8, 2026). Per share that is $28.12; our models calculate a fair value of $30.93 per share.
What do the bullish and bearish scenarios say about FIVN?
Our models span a range for Five9 Inc: cautious scenario $21.66, base $30.93, optimistic $40.22 per share (as of Nov 8, 2026, price $28.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FIVN?
Five9 Inc trades at a price-to-earnings ratio of 40.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $30.93 is built from several models across several years. Other multiples: PEG 0.3, P/B 3.1, P/S 1.9, EV/EBITDA 20.6.
What is the PEG ratio of FIVN?
The PEG ratio of Five9 Inc is 0.26 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Five9 Inc (FIVN)?
Balance-sheet figures for Five9 Inc (as of Nov 8, 2026): return on equity 6.9%, debt of 0.94 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is FIVN from its 52-week high?
Five9 Inc trades at $28.12, about 27% below its 52-week high of $38.65 and 107% above the low of $13.61 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $30.93 is for.
Which stocks are comparable to Five9 Inc?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Five9 Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $28.12, calculated fair value $30.93 (+10%), Quality Score 56/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FIVN calculated?
We run Five9 Inc through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $30.93 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Five9 Inc currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Five9 Inc (FIVN)?
The closing price on Nov 6, 2026 was $28.12. Our model-based fair value is $30.93, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Five9 Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($21.66 to $40.22) leaves room in how you read the outcome.
Key figures of Five9 Inc
How large is the market capitalisation of Five9 Inc (FIVN)?
The market capitalisation of Five9 Inc is $2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Five9 Inc (FIVN)?
The price-to-sales ratio of Five9 Inc is 1.94 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Five9 Inc (FIVN)?
Earnings per share at Five9 Inc are $0.7000 (price ÷ EPS = P/E 40.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Five9 Inc (FIVN)?
The net margin of Five9 Inc is 4.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Five9 Inc (FIVN)?
The return on equity (ROE) of Five9 Inc is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Five9 Inc (FIVN)?
On an EBIT basis the return on assets of Five9 Inc is −3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Five9 Inc (FIVN)?
The operating margin of Five9 Inc is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Five9 Inc (FIVN)?
Revenue at Five9 Inc is growing +13.1% versus a year earlier (3y avg +13.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Five9 Inc (FIVN)?
Earnings per share at Five9 Inc are growing −9.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Five9 Inc (FIVN) carry?
The net debt of Five9 Inc is $615M (fiscal year 2025, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026