Manhattan AssociatesFRA:MHT +0.23%85 Return-on-Tangible-Asset is 27.28% as of Mar. 2026, which is 13% below its 10-year median of 31.24. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €224.13 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,876 Software companies, Manhattan Associates ranks better than 96.56% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Manhattan Associates's annualizedNet Income for the quarter that ended in Mar. 2026 was €170.6 Mil. Manhattan Associates's average total tangible assets for the quarter that ended in Mar. 2026 was €625.2 Mil. Therefore, Manhattan Associates's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 27.28%.
The historical rank and industry rank for Manhattan Associates's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MHT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 24.46 Med: 31.24 Max: 49.21
Current: 31.04
During the past 13 years, Manhattan Associates's highest Return-on-Tangible-Asset was 49.21%. The lowest was 24.46%. And the median was 31.24%.
FRA:MHT's Return-on-Tangible-Asset is ranked better than 96.56% of 2876
companies
in the Software industry
Industry Median: 2.04
vs FRA:MHT: 31.04
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Manhattan Associates Return-on-Tangible-Asset Related Terms
Manhattan Associates Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Return-on-Tangible-Asset 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 CHYM, DOCU, CWAN: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Manhattan Associates's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 27.28% mean?
Manhattan Associates (FRA:MHT) has a Return-on-Tangible-Asset of 27.28% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Manhattan Associates and its competitors. This is 13% below median its historical median of 31.24. Over the past decade, Manhattan Associates' Return-on-Tangible-Asset has ranged from 24.46 to 49.21. According to the industry distribution chart, Manhattan Associates ranks #99 out of 2876 companies in the Software industry, placing it in the top 3.4%.
Is Manhattan Associates' Return-on-Tangible-Asset too high?
Manhattan Associates' current Return-on-Tangible-Asset of 27.28% is 13% below median its 10-year median of 31.24. Over the past 10 years, this metric has ranged from a low of 24.46 to a high of 49.21. The Software industry median Return-on-Tangible-Asset is 2.04. Manhattan Associates' value of 27.28% is 1237.3% above this industry median. Based on the distribution chart, Manhattan Associates ranks #99 out of 2876 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' Return-on-Tangible-Asset compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #99 out of 2876 companies for Return-on-Tangible-Asset. This places Manhattan Associates in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Manhattan Associates' value of 27.28% is 1237.3% above this benchmark. Historically, Manhattan Associates' own Return-on-Tangible-Asset has ranged from 24.46 to 49.21 over the past decade. While the company's 10-year median is 31.24 vs. the industry median of 2.04, 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 Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,876 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Return-on-Tangible-Asset of 27.28% is 1237.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Return-on-Tangible-Asset is 27.28%, which is 13% below median its own 10-year median of 31.24. 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 Significantly Undervalued. The stock's GF Value™ is €224.13, compared to a current price of €130.55 — trading 41.8% below its estimated fair value. The current Return-on-Tangible-Asset is 27.28%, which is 13% below median its 10-year median of 31.24 and 1237.3% above the Software industry median of 2.04. Manhattan Associates' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Return-on-Tangible-Asset is 27.28% 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 €130.55 is trading 41.8% below its estimated GF Value™ of €224.13.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
Return-on-Tangible-Asset: 27.28% (13% below median its 10-year median of 31.24)
GF Value™: €224.13 vs. price of €130.55 (41.8% below fair value)
Industry Position: 1237.3% above the Software median (#99 of 2876)
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
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