MANHATTAN ASSOCIATES INC (MANH) Fundamental Analysis & Valuation
NASDAQ:MANH • US5627501092
143.4 USD
-1.64 (-1.13%)
At close: Mar 11, 2026
143.4 USD
0 (0%)
After Hours: 3/11/2026, 5:20:01 PM
This MANH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, MANH scores 7 out of 10 in our fundamental rating. MANH was compared to 277 industry peers in the Software industry. MANH scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MANH has a correct valuation and a medium growth rate. This makes MANH very considerable for quality investing!
1. MANH Profitability Analysis
1.1 Basic Checks
- In the past year MANH was profitable.
- MANH had a positive operating cash flow in the past year.
- Each year in the past 5 years MANH has been profitable.
- MANH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- MANH has a Return On Assets of 26.20%. This is amongst the best in the industry. MANH outperforms 98.19% of its industry peers.
- MANH's Return On Equity of 69.88% is amongst the best of the industry. MANH outperforms 97.83% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 58.53%, MANH belongs to the top of the industry, outperforming 98.92% of the companies in the same industry.
- MANH had an Average Return On Invested Capital over the past 3 years of 56.95%. This is significantly above the industry average of 10.89%.
- The last Return On Invested Capital (58.53%) for MANH is above the 3 year average (56.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 26.2% | ||
| ROE | 69.88% | ||
| ROIC | 58.53% |
ROA(3y)27.08%
ROA(5y)24.87%
ROE(3y)68.78%
ROE(5y)61.46%
ROIC(3y)56.95%
ROIC(5y)51.03%
1.3 Margins
- MANH has a better Profit Margin (20.34%) than 86.64% of its industry peers.
- MANH's Profit Margin has improved in the last couple of years.
- MANH has a better Operating Margin (26.15%) than 91.34% of its industry peers.
- MANH's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 56.32%, MANH is doing worse than 64.62% of the companies in the same industry.
- In the last couple of years the Gross Margin of MANH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.15% | ||
| PM (TTM) | 20.34% | ||
| GM | 56.32% |
OM growth 3Y9.51%
OM growth 5Y6.09%
PM growth 3Y6.54%
PM growth 5Y6.46%
GM growth 3Y1.86%
GM growth 5Y0.86%
2. MANH Health Analysis
2.1 Basic Checks
- MANH has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- MANH has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for MANH has been reduced compared to 5 years ago.
- MANH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- MANH has an Altman-Z score of 13.09. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
- MANH has a Altman-Z score of 13.09. This is amongst the best in the industry. MANH outperforms 94.22% of its industry peers.
- MANH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 13.09 |
ROIC/WACC5.36
WACC10.92%
2.3 Liquidity
- MANH has a Current Ratio of 1.28. This is a normal value and indicates that MANH is financially healthy and should not expect problems in meeting its short term obligations.
- MANH's Current ratio of 1.28 is on the low side compared to the rest of the industry. MANH is outperformed by 61.37% of its industry peers.
- A Quick Ratio of 1.28 indicates that MANH should not have too much problems paying its short term obligations.
- The Quick ratio of MANH (1.28) is worse than 60.29% of its industry peers.
- MANH does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 |
3. MANH Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 7.19% over the past year.
- MANH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.57% yearly.
- The Revenue has been growing slightly by 3.75% in the past year.
- MANH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.02% yearly.
EPS 1Y (TTM)7.19%
EPS 3Y22.47%
EPS 5Y23.57%
EPS Q2Q%3.42%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y12.13%
Revenue growth 5Y13.02%
Sales Q2Q%5.7%
3.2 Future
- The Earnings Per Share is expected to grow by 18.98% on average over the next years. This is quite good.
- The Revenue is expected to grow by 8.85% on average over the next years. This is quite good.
EPS Next Y4.92%
EPS Next 2Y8.76%
EPS Next 3Y9.79%
EPS Next 5Y18.98%
Revenue Next Year6.47%
Revenue Next 2Y7.63%
Revenue Next 3Y8.05%
Revenue Next 5Y8.85%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. MANH Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 28.28, MANH can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, MANH is valued a bit cheaper than 60.65% of the companies in the same industry.
- When comparing the Price/Earnings ratio of MANH to the average of the S&P500 Index (26.25), we can say MANH is valued inline with the index average.
- With a Price/Forward Earnings ratio of 26.96, MANH can be considered very expensive at the moment.
- MANH's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of MANH to the average of the S&P500 Index (24.39), we can say MANH is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.28 | ||
| Fwd PE | 26.96 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MANH indicates a somewhat cheap valuation: MANH is cheaper than 68.23% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, MANH is valued a bit cheaper than 69.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.95 | ||
| EV/EBITDA | 28.89 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MANH does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of MANH may justify a higher PE ratio.
PEG (NY)5.75
PEG (5Y)1.2
EPS Next 2Y8.76%
EPS Next 3Y9.79%
5. MANH Dividend Analysis
5.1 Amount
- MANH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MANH Fundamentals: All Metrics, Ratios and Statistics
143.4
-1.64 (-1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-27 2026-01-27/amc
Earnings (Next)04-20 2026-04-20
Inst Owners105.66%
Inst Owner Change-2.41%
Ins Owners1.18%
Ins Owner Change-1.47%
Market Cap8.58B
Revenue(TTM)1.08B
Net Income(TTM)219.95M
Analysts83.16
Price Target217.19 (51.46%)
Short Float %5.12%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.54%
Min EPS beat(2)5.72%
Max EPS beat(2)13.36%
EPS beat(4)4
Avg EPS beat(4)11.67%
Min EPS beat(4)5.72%
Max EPS beat(4)13.93%
EPS beat(8)8
Avg EPS beat(8)14.56%
EPS beat(12)12
Avg EPS beat(12)18.24%
EPS beat(16)16
Avg EPS beat(16)21.82%
Revenue beat(2)0
Avg Revenue beat(2)-0.34%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)-0.17%
Revenue beat(4)2
Avg Revenue beat(4)0.26%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)1.26%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)8
Avg Revenue beat(12)1.99%
Revenue beat(16)12
Avg Revenue beat(16)2.69%
PT rev (1m)-2.09%
PT rev (3m)-5.75%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)-9.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.71%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.28 | ||
| Fwd PE | 26.96 | ||
| P/S | 7.94 | ||
| P/FCF | 22.95 | ||
| P/OCF | 22.04 | ||
| P/B | 27.27 | ||
| P/tB | 33.99 | ||
| EV/EBITDA | 28.89 |
EPS(TTM)5.07
EY3.54%
EPS(NY)5.32
Fwd EY3.71%
FCF(TTM)6.25
FCFY4.36%
OCF(TTM)6.51
OCFY4.54%
SpS18.07
BVpS5.26
TBVpS4.22
PEG (NY)5.75
PEG (5Y)1.2
Graham Number24.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 26.2% | ||
| ROE | 69.88% | ||
| ROCE | 73.73% | ||
| ROIC | 58.53% | ||
| ROICexc | 410.13% | ||
| ROICexgc | N/A | ||
| OM | 26.15% | ||
| PM (TTM) | 20.34% | ||
| GM | 56.32% | ||
| FCFM | 34.59% |
ROA(3y)27.08%
ROA(5y)24.87%
ROE(3y)68.78%
ROE(5y)61.46%
ROIC(3y)56.95%
ROIC(5y)51.03%
ROICexc(3y)364.11%
ROICexc(5y)380.76%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)71.74%
ROCE(5y)64.28%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.52%
ROICexc growth 5Y23.6%
OM growth 3Y9.51%
OM growth 5Y6.09%
PM growth 3Y6.54%
PM growth 5Y6.46%
GM growth 3Y1.86%
GM growth 5Y0.86%
F-Score7
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 244.69% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 134.74% | ||
| Profit Quality | 170.05% | ||
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | 13.09 |
F-Score7
WACC10.92%
ROIC/WACC5.36
Cap/Depr(3y)154.87%
Cap/Depr(5y)122.75%
Cap/Sales(3y)0.92%
Cap/Sales(5y)0.85%
Profit Quality(3y)145.98%
Profit Quality(5y)147.21%
High Growth Momentum
Growth
EPS 1Y (TTM)7.19%
EPS 3Y22.47%
EPS 5Y23.57%
EPS Q2Q%3.42%
EPS Next Y4.92%
EPS Next 2Y8.76%
EPS Next 3Y9.79%
EPS Next 5Y18.98%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y12.13%
Revenue growth 5Y13.02%
Sales Q2Q%5.7%
Revenue Next Year6.47%
Revenue Next 2Y7.63%
Revenue Next 3Y8.05%
Revenue Next 5Y8.85%
EBIT growth 1Y8.08%
EBIT growth 3Y22.8%
EBIT growth 5Y19.9%
EBIT Next Year8.14%
EBIT Next 3Y9.69%
EBIT Next 5Y13.03%
FCF growth 1Y30.62%
FCF growth 3Y29.3%
FCF growth 5Y22.03%
OCF growth 1Y32.02%
OCF growth 3Y29.44%
OCF growth 5Y22.55%
MANHATTAN ASSOCIATES INC / MANH FAQ
Can you provide the ChartMill fundamental rating for MANHATTAN ASSOCIATES INC?
ChartMill assigns a fundamental rating of 7 / 10 to MANH.
What is the valuation status for MANH stock?
ChartMill assigns a valuation rating of 4 / 10 to MANHATTAN ASSOCIATES INC (MANH). This can be considered as Fairly Valued.
How profitable is MANHATTAN ASSOCIATES INC (MANH) stock?
MANHATTAN ASSOCIATES INC (MANH) has a profitability rating of 9 / 10.
How financially healthy is MANHATTAN ASSOCIATES INC?
The financial health rating of MANHATTAN ASSOCIATES INC (MANH) is 9 / 10.
What is the expected EPS growth for MANHATTAN ASSOCIATES INC (MANH) stock?
The Earnings per Share (EPS) of MANHATTAN ASSOCIATES INC (MANH) is expected to grow by 4.92% in the next year.