Manhattan Associates (FRA:MHT) EV-to-EBIT: 33.43 (As of Jul. 15, 2026) — 25% Below Median

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FRA:MHT Manhattan Associates Inc FRA:MHT
85 GF Score
Price €136.70
GF Value €224.49
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Manhattan Associates EV-to-EBIT?

Manhattan Associates FRA:MHT -0.15% 85 EV-to-EBIT is 33.43 as of Jul. 15, 2026, which is 25% below its 10-year median of 44.73. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €224.49 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,761 Software companies, Manhattan Associates ranks worse than 76.15% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Manhattan Associates's Enterprise Value is €8,090.1 Mil. Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €242.0 Mil. Therefore, Manhattan Associates's EV-to-EBIT for today is 33.43.

The historical rank and industry rank for Manhattan Associates's EV-to-EBIT or its related term are showing as below:

FRA:MHT' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.34   Med: 44.73   Max: 84.49
Current: 32.78

During the past 13 years, the highest EV-to-EBIT of Manhattan Associates was 84.49. The lowest was 14.34. And the median was 44.73.

FRA:MHT's EV-to-EBIT is ranked worse than
76.15% of 1761 companies
in the Software industry
Industry Median: 14.25 vs FRA:MHT: 32.78

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Manhattan Associates's Enterprise Value for the quarter that ended in Mar. 2026 was €6,538.1 Mil. Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €242.0 Mil. Manhattan Associates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.70%.


Manhattan Associates  (FRA:MHT) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Manhattan Associates's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=241.985/6538.095
=3.70 %

Manhattan Associates's Enterprise Value for the quarter that ended in Mar. 2026 was €6,538.1 Mil.
Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €242.0 Mil.

* 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 EV-to-EBIT Related Terms


Manhattan Associates EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Manhattan Associates's EV-to-EBIT 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 EV-to-EBIT Chart

Manhattan Associates Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.31 48.06 61.96 62.10 35.72

Manhattan Associates Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.31 42.65 43.90 35.72 27.37

FRA:MHT vs CHYM, DOCU, CWAN: EV-to-EBIT Comparison

For the Software - Application subindustry, Manhattan Associates's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Manhattan Associates's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Manhattan Associates's EV-to-EBIT falls into.


FRA:MHT
85GF Score
Manhattan Associates Inc FRA:MHT
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manhattan Associates EV-to-EBIT Calculation

Manhattan Associates's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8090.143/241.985
=33.43

Manhattan Associates's current Enterprise Value is €8,090.1 Mil.
Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €242.0 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 33.43 mean?
Manhattan Associates (FRA:MHT) has a EV-to-EBIT of 33.43 as of Jul. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Manhattan Associates and its competitors. This is 25% below median its historical median of 44.73. Over the past decade, Manhattan Associates' EV-to-EBIT has ranged from 14.34 to 84.49. According to the industry distribution chart, Manhattan Associates ranks #1341 out of 1761 companies in the Software industry, placing it in the top 76.1%.
Is Manhattan Associates' EV-to-EBIT too high?
Manhattan Associates' current EV-to-EBIT of 33.43 is 25% below median its 10-year median of 44.73. Over the past 10 years, this metric has ranged from a low of 14.34 to a high of 84.49. The Software industry median EV-to-EBIT is 14.25. Manhattan Associates' value of 33.43 is 134.6% above this industry median. Based on the distribution chart, Manhattan Associates ranks #1341 out of 1761 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' EV-to-EBIT compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #1341 out of 1761 companies for EV-to-EBIT. This places Manhattan Associates in the lower half of its industry. The industry median EV-to-EBIT is 14.25. Manhattan Associates' value of 33.43 is 134.6% above this benchmark. Historically, Manhattan Associates' own EV-to-EBIT has ranged from 14.34 to 84.49 over the past decade. While the company's 10-year median is 44.73 vs. the industry median of 14.25, 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 EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 14.25, based on 1,761 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current EV-to-EBIT of 33.43 is 134.6% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Manhattan Associates and its competitors. For the Software industry, the median EV-to-EBIT is 14.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current EV-to-EBIT is 33.43, which is 25% below median its own 10-year median of 44.73. 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 €224.49, compared to a current price of €136.70 — trading 39.1% below its estimated fair value. The current EV-to-EBIT is 33.43, which is 25% below median its 10-year median of 44.73 and 134.6% above the Software industry median of 14.25. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current EV-to-EBIT is 33.43 as of Jul. 15, 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 €136.70 is trading 39.1% below its estimated GF Value™ of €224.49. GuruFocus considers Manhattan Associates to be Significantly Undervalued.

Key valuation signals for FRA:MHT:

  • EV-to-EBIT: 33.43 (25% below median its 10-year median of 44.73)
  • GF Value™: €224.49 vs. price of €136.70 (39.1% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 134.6% above the Software median (#1341 of 1761)

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 Business Description

Other Exchanges MANH:USAMHT:Germany
Address 2300 Windy Ridge Parkway0, Tenth Floor, Atlanta, GA, USA, 30339
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

Get the complete analysis for FRA:MHT

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€136.70
Price
€224.49
GF Value