Manhattan AssociatesFRA:MHT +9.24%85 Return-on-Tangible-Equity is 100.54% as of Mar. 2026, which is 6% above its 10-year median of 94.60. GuruFocus rates FRA:MHT with a GF Score™ of 85/100 and a GF Value™ of €229.19 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,471 Software companies, Manhattan Associates ranks better than 88.22% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Manhattan Associates's annualized net income for the quarter that ended in Mar. 2026 was €170.6 Mil. Manhattan Associates's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €169.6 Mil. Therefore, Manhattan Associates's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 100.54%.
The historical rank and industry rank for Manhattan Associates's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MHT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 64.03 Med: 94.6 Max: 105.97
Current: 103.98
During the past 13 years, Manhattan Associates's highest Return-on-Tangible-Equity was 105.97%. The lowest was 64.03%. And the median was 94.60%.
FRA:MHT's Return-on-Tangible-Equity is ranked better than 88.22% of 2471
companies
in the Software industry
Industry Median: 8.77
vs FRA:MHT: 103.98
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Manhattan Associates Return-on-Tangible-Equity Related Terms
Manhattan Associates Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Return-on-Tangible-Equity 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-Equity Comparison
For the Software - Application subindustry, Manhattan Associates's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 100.54% mean?
Manhattan Associates (FRA:MHT) has a Return-on-Tangible-Equity of 100.54% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manhattan Associates and its competitors. This is near median its historical median of 94.60. Over the past decade, Manhattan Associates' Return-on-Tangible-Equity has ranged from 64.03 to 105.97. According to the industry distribution chart, Manhattan Associates ranks #291 out of 2471 companies in the Software industry, placing it in the top 11.8%.
Is Manhattan Associates' Return-on-Tangible-Equity too high?
Manhattan Associates' current Return-on-Tangible-Equity of 100.54% is near median its 10-year median of 94.60. Over the past 10 years, this metric has ranged from a low of 64.03 to a high of 105.97. The Software industry median Return-on-Tangible-Equity is 8.77. Manhattan Associates' value of 100.54% is 1046.4% above this industry median. Based on the distribution chart, Manhattan Associates ranks #291 out of 2471 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-Equity compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #291 out of 2471 companies for Return-on-Tangible-Equity. This places Manhattan Associates in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.77. Manhattan Associates' value of 100.54% is 1046.4% above this benchmark. Historically, Manhattan Associates' own Return-on-Tangible-Equity has ranged from 64.03 to 105.97 over the past decade. While the company's 10-year median is 94.60 vs. the industry median of 8.77, 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-Equity for a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Return-on-Tangible-Equity of 100.54% is 1046.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Return-on-Tangible-Equity is 100.54%, which is near median its own 10-year median of 94.60. 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 €229.19, compared to a current price of €119.95 — trading 47.7% below its estimated fair value. The current Return-on-Tangible-Equity is 100.54%, which is near median its 10-year median of 94.60 and 1046.4% above the Software industry median of 8.77. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Return-on-Tangible-Equity is 100.54% 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 €119.95 is trading 47.7% below its estimated GF Value™ of €229.19.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
Return-on-Tangible-Equity: 100.54% (near median its 10-year median of 94.60)
GF Value™: €229.19 vs. price of €119.95 (47.7% below fair value)
Industry Position: 1046.4% above the Software median (#291 of 2471)
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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