"Dragon Quest V" was met with critical acclaim. "Famitsu"s panel of four reviewers gave the original Super Famicom version ratings of 9, 10, 9 and 8 out of 10, adding up to 36 out of 40 overall. This made it one of their three highest-rated games of 1992, along with "Shin Megami Tensei" and "World of Illusion Starring Mickey Mouse and Donald Duck". "Dragon Quest V" was also one of only eleven games to have received a "Famitsu" score of 36/40 or above up until 1992. The PS2 remake received a score of 34 out of 40 from "Famitsu", while they gave the DS remake a score of 36 out of 40, with all four reviewers giving it 9 out of 10.