Manhattan AssociatesSTU:MHT -1.38%83 PB Ratio is 36.98 as of Jun. 24, 2026, which is 4% above its 10-year median of 35.40. GuruFocus rates STU:MHT with a GF Score™ of 83/100 and a GF Value™ of €227.51 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,624 Software companies, Manhattan Associates ranks worse than 98.17% on this metric.
The historical rank and industry rank for Manhattan Associates's PB Ratio or its related term are showing as below:
STU:MHT'
s PB Ratio Range Over the Past 10 Years
Min: 14.67 Med: 35.4 Max: 72.74
Current: 37.54
During the past 13 years, Manhattan Associates's highest PB Ratio was 72.74. The lowest was 14.67. And the median was 35.40.
STU:MHT's PB Ratio is ranked worse than 98.17% of 2624
companies
in the Software industry
Industry Median: 2.37
vs STU:MHT: 37.54
During the past 12 months, Manhattan Associates's average Book Value Per Share Growth Rate was -14.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Manhattan Associates was 126.10% per year. The lowest was -5.50% per year. And the median was 6.50% per year.
Back to Basics: PB Ratio
Manhattan Associates (STU:MHT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Manhattan Associates PB Ratio Related Terms
Manhattan Associates PB Ratio Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's 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.
For the Software - Application subindustry, Manhattan Associates's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's PB Ratio distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Manhattan Associates (STU:MHT) has a PB Ratio of 36.98 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Manhattan Associates and its competitors. This is near median its historical median of 35.40. Over the past decade, Manhattan Associates' PB Ratio has ranged from 14.67 to 72.74. According to the industry distribution chart, Manhattan Associates ranks #2576 out of 2624 companies in the Software industry, placing it in the top 98.2%.
Is Manhattan Associates' PB Ratio too high?
Manhattan Associates' current PB Ratio of 36.98 is near median its 10-year median of 35.40. Over the past 10 years, this metric has ranged from a low of 14.67 to a high of 72.74. The Software industry median PB Ratio is 2.37. Manhattan Associates' value of 36.98 is 1460.3% above this industry median. Based on the distribution chart, Manhattan Associates ranks #2576 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Manhattan Associates has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' PB Ratio compare to FROG and BSY?
According to the Software industry distribution chart, Manhattan Associates ranks #2576 out of 2624 companies for PB Ratio. This places Manhattan Associates in the lower half of its industry. The industry median PB Ratio is 2.37. Manhattan Associates' value of 36.98 is 1460.3% above this benchmark. Historically, Manhattan Associates' own PB Ratio has ranged from 14.67 to 72.74 over the past decade. While the company's 10-year median is 35.40 vs. the industry median of 2.37, 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.37, based on 2,624 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current PB Ratio of 36.98 is 1460.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Manhattan Associates and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current PB Ratio is 36.98, which is near median its own 10-year median of 35.40. 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 (STU:MHT) is currently considered Significantly Undervalued. The stock's GF Value™ is €227.51, compared to a current price of €110.95 — trading 51.2% below its estimated fair value. The current PB Ratio is 36.98, which is near median its 10-year median of 35.40 and 1460.3% above the Software industry median of 2.37. Manhattan Associates' overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Manhattan Associates (STU:MHT), the current PB Ratio is 36.98 as of Jun. 24, 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 (STU:MHT) Overvalued in 2026?
Based on GuruFocus' analysis, Manhattan Associates stock appears to be undervalued.
The current stock price of €110.95 is trading 51.2% below its estimated GF Value™ of €227.51.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for STU:MHT:
PB Ratio: 36.98 (near median its 10-year median of 35.40)
GF Value™: €227.51 vs. price of €110.95 (51.2% below fair value)
Industry Position: 1460.3% above the Software median (#2576 of 2624)
No single metric tells the full story. See the STU: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.
83GF Score
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