Manhattan Associates (STU:MHT) ROCE %: 79.71% (As of Mar. 2026)

What is Manhattan Associates ROCE %?

Manhattan Associates STU:MHT -1.38% 83 ROCE % is 79.71% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Manhattan Associates's annualized ROCE % for the quarter that ended in Mar. 2026 was 79.71%.

Manhattan Associates (STU:MHT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Manhattan Associates ROCE % Related Terms

Manhattan Associates ROCE % Historical Data

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The historical data trend for Manhattan Associates's ROCE % 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.

Manhattan Associates ROCE % Chart

Manhattan Associates Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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49.75

57.94

73.70

80.19

72.22

Manhattan Associates Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															78.69	89.31	85.21	71.38	79.71

83GF Score

Manhattan Associates Inc STU:MHT

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Manhattan Associates ROCE % Calculation

Manhattan Associates's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	241.457	/	( ( (723.461 - 382.29)	+	(716.837 - 389.35) )	/ 2 )
	=	241.457	/	( (341.171	+	327.487)	/ 2 )
	=	241.457	/	334.329
	=	72.22 %

Manhattan Associates's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	224.684	/	( ( (716.837 - 389.35)	+	(640.565 - 404.301) )	/ 2 )
	=	224.684	/	( ( 327.487	+	236.264 )	/ 2 )
	=	224.684	/	281.8755
	=	79.71 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 79.71% mean?

Manhattan Associates (STU:MHT) has a ROCE % of 79.71% as of Mar. 2026.

Is Manhattan Associates' ROCE % too high?

Manhattan Associates' current ROCE % is 79.71%. The Software industry median ROCE % is 5.28. Manhattan Associates' value of 79.71% is 1409.7% above this industry median. 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' ROCE % compare to FROG and BSY?

Manhattan Associates' ROCE % of 79.71% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. Manhattan Associates' value of 79.71% is 1409.7% 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 ROCE % for a Software company?

The median ROCE % among Software companies is 5.28, based on 2,711 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current ROCE % of 79.71% is 1409.7% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current ROCE % is 79.71%. 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 ROCE % is 79.71% and 1409.7% above the Software industry median of 5.28. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Manhattan Associates (STU:MHT), the current ROCE % is 79.71% 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 (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:

ROCE %: 79.71%
GF Value™: €227.51 vs. price of €110.95 (51.2% below fair value)
GF Score™: 83/100 with 2 warning signs
Industry Position: 1409.7% above the Software median

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 Business Description

Industry Technology Software

Comparable Companies FROG BSY DOCU PCOR CWAN CHYM TTAN ESTC IDCC PAYC XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges MANH:USA

Address 2300 Windy Ridge Parkway0, Tenth Floor, Atlanta, GA, USA, 30339

Website https://www.manh.com

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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€110.95

Price

€227.51

GF Value

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