Manhattan AssociatesFRA:MHT +1.11%80 EV-to-FCF is 19.99 as of Jun. 26, 2026, which is 51% below its 10-year median of 40.68. GuruFocus rates FRA:MHT with a GF Score™ of 80/100 and a GF Value™ of €223.64 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,590 Software companies, Manhattan Associates ranks worse than 62.26% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Manhattan Associates's Enterprise Value is €6,513.3 Mil.
Manhattan Associates's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €325.8 Mil. Therefore, Manhattan Associates's EV-to-FCF for today is 19.99.
The historical rank and industry rank for Manhattan Associates's EV-to-FCF or its related term are showing as below:
FRA:MHT'
s EV-to-FCF Range Over the Past 10 Years
Min: 17.21 Med: 40.68 Max: 68.52
Current: 19.48
During the past 13 years, the highest EV-to-FCF of Manhattan Associates was 68.52. The lowest was 17.21. And the median was 40.68.
FRA:MHT's EV-to-FCF is ranked worse than 62.26% of 1590
companies
in the Software industry
Industry Median: 14.15
vs FRA:MHT: 19.48
EV-to-FCF 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-FCF 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 €114.10.
Manhattan Associates's Earnings per Share (Diluted) 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 €3.067.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Manhattan Associates EV-to-FCF Related Terms
Manhattan Associates EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's EV-to-FCF falls into.
Manhattan Associates's current Enterprise Value is €6,513.3 Mil.
Manhattan Associates's Free Cash Flow 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 €325.8 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-FCF of 19.99 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Manhattan Associates and its competitors. This is 51% below median its historical median of 40.68. Over the past decade, Manhattan Associates' EV-to-FCF has ranged from 17.21 to 68.52. According to the industry distribution chart, Manhattan Associates ranks #990 out of 1590 companies in the Software industry, placing it in the top 62.3%.
Is Manhattan Associates' EV-to-FCF too high?
Manhattan Associates' current EV-to-FCF of 19.99 is 51% below median its 10-year median of 40.68. Over the past 10 years, this metric has ranged from a low of 17.21 to a high of 68.52. The Software industry median EV-to-FCF is 14.15. Manhattan Associates' value of 19.99 is 41.3% above this industry median. Based on the distribution chart, Manhattan Associates ranks #990 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, Manhattan Associates has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' EV-to-FCF compare to FROG and BSY?
According to the Software industry distribution chart, Manhattan Associates ranks #990 out of 1590 companies for EV-to-FCF. This places Manhattan Associates in the lower half of its industry. The industry median EV-to-FCF is 14.15. Manhattan Associates' value of 19.99 is 41.3% above this benchmark. Historically, Manhattan Associates' own EV-to-FCF has ranged from 17.21 to 68.52 over the past decade. While the company's 10-year median is 40.68 vs. the industry median of 14.15, 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-FCF for a Software company?
The median EV-to-FCF among Software companies is 14.15, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current EV-to-FCF of 19.99 is 41.3% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Manhattan Associates and its competitors. For the Software industry, the median EV-to-FCF is 14.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current EV-to-FCF is 19.99, which is 51% below median its own 10-year median of 40.68. 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 €223.64, compared to a current price of €114.10 — trading 49% below its estimated fair value. The current EV-to-FCF is 19.99, which is 51% below median its 10-year median of 40.68 and 41.3% above the Software industry median of 14.15. Manhattan Associates' overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current EV-to-FCF is 19.99 as of Jun. 26, 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 €114.10 is trading 49% below its estimated GF Value™ of €223.64.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
EV-to-FCF: 19.99 (51% below median its 10-year median of 40.68)
GF Value™: €223.64 vs. price of €114.10 (49% below fair value)
Industry Position: 41.3% above the Software median (#990 of 1590)
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.
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