Manhattan AssociatesFRA:MHT +0.50%86 3-Year ROIIC % is 38.05 as of Dec. 2025, which is 123% above its 10-year median of 17.05. GuruFocus rates FRA:MHT with a GF Score™ of 86/100 and a GF Value™ of €216.07 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,627 Software companies, Manhattan Associates ranks better than 77.62% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Manhattan Associates's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 38.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Manhattan Associates's 3-Year ROIIC % or its related term are showing as below:
FRA:MHT's 3-Year ROIIC % is ranked better than 77.62% of 2627
companies
in the Software industry
Industry Median: 5.33
vs FRA:MHT: 38.05
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Manhattan Associates 3-Year ROIIC % Related Terms
Manhattan Associates 3-Year ROIIC % Historical Data
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The historical data trend for Manhattan Associates's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Manhattan Associates's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Manhattan Associates (FRA:MHT) has a 3-Year ROIIC % of 38.05 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Manhattan Associates and its competitors. This is 123% above median its historical median of 17.05. According to the industry distribution chart, Manhattan Associates ranks #588 out of 2627 companies in the Software industry, placing it in the top 22.4%.
Is Manhattan Associates' 3-Year ROIIC % too high?
Manhattan Associates' current 3-Year ROIIC % of 38.05 is 123% above median its 10-year median of 17.05. The Software industry median 3-Year ROIIC % is 5.33. Manhattan Associates' value of 38.05 is 613.9% above this industry median. Based on the distribution chart, Manhattan Associates ranks #588 out of 2627 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 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' 3-Year ROIIC % compare to CHYM and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #588 out of 2627 companies for 3-Year ROIIC %. This places Manhattan Associates in the top 22% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.33. Manhattan Associates' value of 38.05 is 613.9% above this benchmark. While the company's 10-year median is 17.05 vs. the industry median of 5.33, 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 3-Year ROIIC % for a Software company?
The median 3-Year ROIIC % among Software companies is 5.33, based on 2,627 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current 3-Year ROIIC % of 38.05 is 613.9% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Manhattan Associates and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current 3-Year ROIIC % is 38.05, which is 123% above median its own 10-year median of 17.05. 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 €216.07, compared to a current price of €119.95 — trading 44.5% below its estimated fair value. The current 3-Year ROIIC % is 38.05, which is 123% above median its 10-year median of 17.05 and 613.9% above the Software industry median of 5.33. Manhattan Associates' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current 3-Year ROIIC % is 38.05 as of Dec. 2025. 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 44.5% below its estimated GF Value™ of €216.07.
GuruFocus considers Manhattan Associates to be Significantly Undervalued.
Key valuation signals for FRA:MHT:
3-Year ROIIC %: 38.05 (123% above median its 10-year median of 17.05)
GF Value™: €216.07 vs. price of €119.95 (44.5% below fair value)
Industry Position: 613.9% above the Software median (#588 of 2627)
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.
86GF Score
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