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Manhattan AssociatesFRA:MHT -0.40%96 EV-to-OCF is 27.40 as of Aug. 10, 2026, which is 28% below its 10-year median of 38.24. GuruFocus rates FRA:MHT with a GF Score™ of 96/100 and a GF Value™ of €207.10 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,874 Software companies, Manhattan Associates ranks worse than 82.22% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Manhattan Associates's Enterprise Value is €9,763.1 Mil.
Manhattan Associates's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €356.3 Mil. Therefore, Manhattan Associates's EV-to-OCF for today is 27.40.
The historical rank and industry rank for Manhattan Associates's EV-to-OCF or its related term are showing as below:
FRA:MHT'
s EV-to-OCF Range Over the Past 10 Years
Min: 16.56 Med: 38.24 Max: 66.68
Current: 27.12
During the past 13 years, the highest EV-to-OCF of Manhattan Associates was 66.68. The lowest was 16.56. And the median was 38.24.
FRA:MHT's EV-to-OCF is ranked worse than 82.22% of 2874
companies
in the Software industry
Industry Median: 6.93
vs FRA:MHT: 27.12
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Manhattan Associates's PE Ratio (TTM) for today is calculated as:
Manhattan Associates's share price for today is €162.65.
Manhattan Associates's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.999.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Manhattan Associates EV-to-OCF Related Terms
Manhattan Associates EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's EV-to-OCF 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.
For the Software - Application subindustry, Manhattan Associates's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's EV-to-OCF falls into.
Manhattan Associates's current Enterprise Value is €9,763.1 Mil.
Manhattan Associates's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €356.3 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 (FRA:MHT) has a EV-to-OCF of 27.40 as of Aug. 10, 2026. This is 28% below median its historical median of 38.24. Over the past decade, Manhattan Associates' EV-to-OCF has ranged from 16.56 to 66.68. According to the industry distribution chart, Manhattan Associates ranks #2363 out of 2874 companies in the Software industry, placing it in the top 82.2%.
Is Manhattan Associates' EV-to-OCF too high?
Manhattan Associates' current EV-to-OCF of 27.40 is 28% below median its 10-year median of 38.24. Over the past 10 years, this metric has ranged from a low of 16.56 to a high of 66.68. The Software industry median EV-to-OCF is 6.93. Manhattan Associates' value of 27.40 is 295.4% above this industry median. Based on the distribution chart, Manhattan Associates ranks #2363 out of 2874 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Manhattan Associates has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' EV-to-OCF compare to BSY and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #2363 out of 2874 companies for EV-to-OCF. This places Manhattan Associates in the lower half of its industry. The industry median EV-to-OCF is 6.93. Manhattan Associates' value of 27.40 is 295.4% above this benchmark. Historically, Manhattan Associates' own EV-to-OCF has ranged from 16.56 to 66.68 over the past decade. While the company's 10-year median is 38.24 vs. the industry median of 6.93, 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-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.93, based on 2,874 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current EV-to-OCF of 27.40 is 295.4% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current EV-to-OCF is 27.40, which is 28% below median its own 10-year median of 38.24. 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 Modestly Undervalued. The stock's GF Value™ is €207.10, compared to a current price of €162.65 — trading 21.5% below its estimated fair value. The current EV-to-OCF is 27.40, which is 28% below median its 10-year median of 38.24 and 295.4% above the Software industry median of 6.93. Manhattan Associates' overall GF Score™ is 96/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current EV-to-OCF is 27.40 as of Aug. 10, 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 €162.65 is trading 21.5% below its estimated GF Value™ of €207.10.
GuruFocus considers Manhattan Associates to be Modestly Undervalued.
Key valuation signals for FRA:MHT:
EV-to-OCF: 27.40 (28% below median its 10-year median of 38.24)
GF Value™: €207.10 vs. price of €162.65 (21.5% below fair value)
Industry Position: 295.4% above the Software median (#2363 of 2874)
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.
96GF Score
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