Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Manhattan Associates Price-to-Tangible-Book Related Terms
Manhattan Associates Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Price-to-Tangible-Book 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 HUBS, CHYM, DOCU: Price-to-Tangible-Book Comparison
For the Software - Application subindustry, Manhattan Associates's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
What does a Price-to-Tangible-Book of 126.98 mean?
Manhattan Associates (FRA:MHT) has a Price-to-Tangible-Book of 126.98 as of Sep. 22, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Manhattan Associates and its competitors. According to the industry distribution chart, Manhattan Associates ranks #2192 out of 2203 companies in the Software industry, placing it in the top 99.5%.
Is Manhattan Associates' Price-to-Tangible-Book too high?
Manhattan Associates' current Price-to-Tangible-Book is 126.98. The Software industry median Price-to-Tangible-Book is 3.37. Manhattan Associates' value of 126.98 is 3668% above this industry median. Based on the distribution chart, Manhattan Associates ranks #2192 out of 2203 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Manhattan Associates has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' Price-to-Tangible-Book compare to HUBS and CHYM?
According to the Software industry distribution chart, Manhattan Associates ranks #2192 out of 2203 companies for Price-to-Tangible-Book. This places Manhattan Associates in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.37. Manhattan Associates' value of 126.98 is 3668% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.37, based on 2,203 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Price-to-Tangible-Book of 126.98 is 3668% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Price-to-Tangible-Book is 126.98. 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 Fairly Valued. The stock's GF Value™ is €209.30, compared to a current price of €181.45 — trading 13.3% below its estimated fair value. The current Price-to-Tangible-Book is 126.98 and 3668% above the Software industry median of 3.37. Manhattan Associates' overall GF Score™ is 94/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Price-to-Tangible-Book is 126.98 as of Sep. 22, 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 €181.45 is trading 13.3% below its estimated GF Value™ of €209.30.
GuruFocus considers Manhattan Associates to be Fairly Valued.
Key valuation signals for FRA:MHT:
Price-to-Tangible-Book: 126.98
GF Value™: €209.30 vs. price of €181.45 (13.3% below fair value)
Industry Position: 3668% above the Software median (#2192 of 2203)
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.
94GF Score
Get the complete analysis for FRA:MHT
Price-to-Tangible-Book 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 
