Manhattan AssociatesFRA:MHT +0.75%85 Debt-to-EBITDA is 0.21 as of Mar. 2026, which is 17% above its 10-year median of 0.18. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €229.67 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,714 Software companies, Manhattan Associates ranks better than 80.28% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Manhattan Associates's Debt-to-EBITDA or its related term are showing as below:
FRA:MHT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.08 Med: 0.18 Max: 0.26
Current: 0.19
During the past 13 years, the highest Debt-to-EBITDA Ratio of Manhattan Associates was 0.26. The lowest was 0.08. And the median was 0.18.
FRA:MHT's Debt-to-EBITDA is ranked better than 80.28% of 1714
companies
in the Software industry
Industry Median: 1.09
vs FRA:MHT: 0.19
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Manhattan Associates Debt-to-EBITDA Related Terms
Manhattan Associates Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Debt-to-EBITDA 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.
FRA:MHT vs CHYM, DOCU, CWAN: Debt-to-EBITDA Comparison
For the Software - Application subindustry, Manhattan Associates's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Manhattan Associates (FRA:MHT) has a Debt-to-EBITDA of 0.21 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Manhattan Associates. This is 17% above median its historical median of 0.18. Over the past decade, Manhattan Associates' Debt-to-EBITDA has ranged from 0.08 to 0.26. According to the industry distribution chart, Manhattan Associates ranks #338 out of 1714 companies in the Software industry, placing it in the top 19.7%.
Is Manhattan Associates' Debt-to-EBITDA too high?
Manhattan Associates' current Debt-to-EBITDA of 0.21 is 17% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.26. The Software industry median Debt-to-EBITDA is 1.09. Manhattan Associates' value of 0.21 is 80.7% below this industry median. Based on the distribution chart, Manhattan Associates ranks #338 out of 1714 companies in the Software industry, which is in the top quartile — a strong position 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' Debt-to-EBITDA compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #338 out of 1714 companies for Debt-to-EBITDA. This places Manhattan Associates in the top 20% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.09. Manhattan Associates' value of 0.21 is 80.7% below this benchmark. Historically, Manhattan Associates' own Debt-to-EBITDA has ranged from 0.08 to 0.26 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 1.09, Manhattan Associates has consistently been below 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 Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 1.09, based on 1,714 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Debt-to-EBITDA of 0.21 is 80.7% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Manhattan Associates. For the Software industry, the median Debt-to-EBITDA is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Debt-to-EBITDA is 0.21, which is 17% above median its own 10-year median of 0.18. 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 €229.67, compared to a current price of €134.45 — trading 41.5% below its estimated fair value. The current Debt-to-EBITDA is 0.21, which is 17% above median its 10-year median of 0.18 and 80.7% below the Software industry median of 1.09. 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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Debt-to-EBITDA is 0.21 as of Mar. 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 €134.45 is trading 41.5% below its estimated GF Value™ of €229.67.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
Debt-to-EBITDA: 0.21 (17% above median its 10-year median of 0.18)
GF Value™: €229.67 vs. price of €134.45 (41.5% below fair value)
Industry Position: 80.7% below the Software median (#338 of 1714)
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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