Manhattan AssociatesFRA:MHT +1.11%85 Pretax Margin % is 24.55% as of Mar. 2026, which is 4% above its 10-year median of 23.69. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €223.64 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,825 Software companies, Manhattan Associates ranks better than 91.58% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Manhattan Associates Pretax Margin % Related Terms
Manhattan Associates Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Pretax Margin % 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 FROG, BSY, DOCU: Pretax Margin % Comparison
For the Software - Application subindustry, Manhattan Associates's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Pretax Margin % 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.
Manhattan Associates (FRA:MHT) has a Pretax Margin % of 24.55% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Manhattan Associates and its competitors. This is near median its historical median of 23.69. Over the past decade, Manhattan Associates' Pretax Margin % has ranged from 18.78 to 32.44. According to the industry distribution chart, Manhattan Associates ranks #238 out of 2825 companies in the Software industry, placing it in the top 8.4%.
Is Manhattan Associates' Pretax Margin % too high?
Manhattan Associates' current Pretax Margin % of 24.55% is near median its 10-year median of 23.69. Over the past 10 years, this metric has ranged from a low of 18.78 to a high of 32.44. The Software industry median Pretax Margin % is 3.53. Manhattan Associates' value of 24.55% is 595.5% above this industry median. Based on the distribution chart, Manhattan Associates ranks #238 out of 2825 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' Pretax Margin % compare to FROG and BSY?
According to the Software industry distribution chart, Manhattan Associates ranks #238 out of 2825 companies for Pretax Margin %. This places Manhattan Associates in the top 8% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.53. Manhattan Associates' value of 24.55% is 595.5% above this benchmark. Historically, Manhattan Associates' own Pretax Margin % has ranged from 18.78 to 32.44 over the past decade. While the company's 10-year median is 23.69 vs. the industry median of 3.53, 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 Pretax Margin % for a Software company?
The median Pretax Margin % among Software companies is 3.53, based on 2,825 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Pretax Margin % of 24.55% is 595.5% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Pretax Margin % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Pretax Margin % is 24.55%, which is near median its own 10-year median of 23.69. 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 Pretax Margin % is 24.55%, which is near median its 10-year median of 23.69 and 595.5% above the Software industry median of 3.53. Manhattan Associates' overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Pretax Margin % is 24.55% 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 €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:
Pretax Margin %: 24.55% (near median its 10-year median of 23.69)
GF Value™: €223.64 vs. price of €114.10 (49% below fair value)
Industry Position: 595.5% above the Software median (#238 of 2825)
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
Get the complete analysis for FRA:MHT
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:MHT has been successfully added to your 
