diff --git a/.changeset/peer-webpack-range.md b/.changeset/peer-webpack-range.md
new file mode 100644
index 0000000..70d32a6
--- /dev/null
+++ b/.changeset/peer-webpack-range.md
@@ -0,0 +1,5 @@
+---
+"schema-utils": patch
+---
+
+Accept any webpack 5 as the optional peer dependency. Requiring `^5.112.0` broke installs with an older webpack 5, such as NestJS CLI's pinned `webpack@5.106.2`. Only `precompile` with `minify` needs webpack 5.112.0 or later, and it reports that when webpack is older.
diff --git a/package-lock.json b/package-lock.json
index b6d4037..6bd2266 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -45,7 +45,7 @@
         "url": "https://opencollective.com/webpack"
       },
       "peerDependencies": {
-        "webpack": "^5.112.0"
+        "webpack": "^5.0.0"
       },
       "peerDependenciesMeta": {
         "webpack": {
diff --git a/package.json b/package.json
index 05b8e87..34b0845 100644
--- a/package.json
+++ b/package.json
@@ -75,7 +75,7 @@
     "webpack": "^5.112.0"
   },
   "peerDependencies": {
-    "webpack": "^5.112.0"
+    "webpack": "^5.0.0"
   },
   "peerDependenciesMeta": {
     "webpack": {