Manhattan AssociatesFRA:MHT +1.07%85 Cyclically Adjusted PB Ratio is 41.76 as of Jul. 08, 2026, which is 4% above its 10-year median of 40.21. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €224.18 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,596 Software companies, Manhattan Associates ranks worse than 98.81% on this metric.
The historical rank and industry rank for Manhattan Associates's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:MHT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 16.75 Med: 40.21 Max: 89.52
Current: 42.56
During the past years, Manhattan Associates's highest Cyclically Adjusted PB Ratio was 89.52. The lowest was 16.75. And the median was 40.21.
FRA:MHT's Cyclically Adjusted PB Ratio is ranked worse than 98.81% of 1596
companies
in the Software industry
Industry Median: 2.33
vs FRA:MHT: 42.56
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Manhattan Associates's adjusted book value per share data for the three months ended in Mar. 2026 was €3.000. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €3.16 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Manhattan Associates (FRA:MHT) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Manhattan Associates Cyclically Adjusted PB Ratio Related Terms
Manhattan Associates Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manhattan Associates Cyclically Adjusted PB Ratio Chart
FRA:MHT vs CHYM, DOCU, CWAN: Cyclically Adjusted PB Ratio Comparison
For the Software - Application subindustry, Manhattan Associates's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manhattan Associates Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Cyclically Adjusted PB Ratio falls into.
Manhattan Associates Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 41.76 mean?
Manhattan Associates (FRA:MHT) has a Cyclically Adjusted PB Ratio of 41.76 as of Jul. 08, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Manhattan Associates and its competitors. This is near median its historical median of 40.21. Over the past decade, Manhattan Associates' Cyclically Adjusted PB Ratio has ranged from 16.75 to 89.52. According to the industry distribution chart, Manhattan Associates ranks #1577 out of 1596 companies in the Software industry, placing it in the top 98.8%.
Is Manhattan Associates' Cyclically Adjusted PB Ratio too high?
Manhattan Associates' current Cyclically Adjusted PB Ratio of 41.76 is near median its 10-year median of 40.21. Over the past 10 years, this metric has ranged from a low of 16.75 to a high of 89.52. The Software industry median Cyclically Adjusted PB Ratio is 2.33. Manhattan Associates' value of 41.76 is 1692.3% above this industry median. Based on the distribution chart, Manhattan Associates ranks #1577 out of 1596 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Manhattan Associates has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' Cyclically Adjusted PB Ratio compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #1577 out of 1596 companies for Cyclically Adjusted PB Ratio. This places Manhattan Associates in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.33. Manhattan Associates' value of 41.76 is 1692.3% above this benchmark. Historically, Manhattan Associates' own Cyclically Adjusted PB Ratio has ranged from 16.75 to 89.52 over the past decade. While the company's 10-year median is 40.21 vs. the industry median of 2.33, Manhattan Associates has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,596 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Cyclically Adjusted PB Ratio of 41.76 is 1692.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Cyclically Adjusted PB Ratio is 41.76, which is near median its own 10-year median of 40.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manhattan Associates stock overvalued right now?
Based on GuruFocus' analysis, Manhattan Associates (FRA:MHT) is currently considered Significantly Undervalued. The stock's GF Value™ is €224.18, compared to a current price of €131.95 — trading 41.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 41.76, which is near median its 10-year median of 40.21 and 1692.3% above the Software industry median of 2.33. Manhattan Associates' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Cyclically Adjusted PB Ratio is 41.76 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manhattan Associates (FRA:MHT) Overvalued in 2026?
Based on GuruFocus' analysis, Manhattan Associates stock appears to be undervalued.
The current stock price of €131.95 is trading 41.1% below its estimated GF Value™ of €224.18.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
Cyclically Adjusted PB Ratio: 41.76 (near median its 10-year median of 40.21)
GF Value™: €224.18 vs. price of €131.95 (41.1% below fair value)
Industry Position: 1692.3% above the Software median (#1577 of 1596)
No single metric tells the full story. See the FRA:MHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers worldwide.
85GF Score
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