Stock AnalizManhattan Associates Inc. MANH
Computer Software: Prepackaged Software · IPO 1998 · data as of November 13, 2026
Manhattan Associates Inc. (MANH) is a technology company listed in the US with a market value of about $14.9B. In the twelve months to September 30, 2026 it had revenue of $1.2B and net income of $213M, a net margin of 18.4%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is track record (5/5); the weakest is value (0/5).
Key numbers: a P/E of 72.2, a price to free cash flow of 39.3, 5-year revenue growth of 13% a year, a 5-year average ROIC of 53%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 61% below the current price.
Score: 3.0 / 5
Checks passed
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Liabilities below 60% of assets
- Pays a dividend
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.0B | $929M | $767M | $664M | $586M | $618M | $559M | $595M | $605M |
| Net income | $213M | $220M | $218M | $177M | $129M | $110M | $87M | $86M | $105M | $116M | $124M |
| Free cash flow | $380M | $374M | $286M | $241M | $173M | $181M | $138M | $132M | $130M | $158M | $133M |
| EPS (diluted) | $3.56 | $3.60 | $3.51 | $2.82 | $2.03 | $1.72 | $1.36 | $1.32 | $1.58 | $1.68 | $1.72 |
| Net margin | 18.4% | 20.3% | 20.9% | 19.0% | 16.8% | 16.7% | 14.9% | 13.9% | 18.7% | 19.6% | 20.5% |
| ROIC | — | 57.3% | 61.1% | 57.4% | 50.5% | 39.4% | 34.5% | 47.2% | 57.8% | 66.9% | 72.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $276.00, 7% above the current price; targets range from $230.00 to $305.00; the consensus rating is “Buy”; expected EPS is $5.57 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Manhattan Associates’s P/E ratio?
About 72.2, based on the last twelve months of diluted earnings per share (forward P/E about 43.7).
Is Manhattan Associates stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 61% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Manhattan Associates pay a dividend?
Not currently.
Is Manhattan Associates a good stock to buy?
We do not give buy or sell advice. Manhattan Associates scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.