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.
Manhattan AssociatesFRA:MHT +4.69%94 Shiller PE Ratio is 78.16 as of Aug. 17, 2026, which is 4% above its 10-year median of 75.12. GuruFocus rates FRA:MHT with a GF Score™ of 94/100 and a GF Value™ of €207.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,026 Software companies, Manhattan Associates ranks worse than 82.55% on this metric.
The historical rank and industry rank for Manhattan Associates's Shiller PE Ratio or its related term are showing as below:
FRA:MHT'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 37.23 Med: 75.12 Max: 139.44
Current: 76.75
During the past years, Manhattan Associates's highest Shiller PE Ratio was 139.44. The lowest was 37.23. And the median was 75.12.
FRA:MHT's Shiller PE Ratio is ranked worse than 82.55% of 1026
companies
in the Software industry
Industry Median: 27.72
vs FRA:MHT: 76.75
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Manhattan Associates's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.738. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €2.20 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Manhattan Associates (FRA:MHT) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Manhattan Associates Shiller PE Ratio Related Terms
Manhattan Associates Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Manhattan Associates's Shiller PE Ratio 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 BSY, DOCU, FROG: Shiller PE Ratio Comparison
For the Software - Application subindustry, Manhattan Associates's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Manhattan Associates's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Manhattan Associates (FRA:MHT) has a Shiller PE Ratio of 78.16 as of Aug. 17, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Manhattan Associates and its competitors. This is near median its historical median of 75.12. Over the past decade, Manhattan Associates' Shiller PE Ratio has ranged from 37.23 to 139.44. According to the industry distribution chart, Manhattan Associates ranks #847 out of 1026 companies in the Software industry, placing it in the top 82.6%.
Is Manhattan Associates' Shiller PE Ratio too high?
Manhattan Associates' current Shiller PE Ratio of 78.16 is near median its 10-year median of 75.12. Over the past 10 years, this metric has ranged from a low of 37.23 to a high of 139.44. The Software industry median Shiller PE Ratio is 27.72. Manhattan Associates' value of 78.16 is 182% above this industry median. Based on the distribution chart, Manhattan Associates ranks #847 out of 1026 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' Shiller PE Ratio compare to BSY and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #847 out of 1026 companies for Shiller PE Ratio. This places Manhattan Associates in the lower half of its industry. The industry median Shiller PE Ratio is 27.72. Manhattan Associates' value of 78.16 is 182% above this benchmark. Historically, Manhattan Associates' own Shiller PE Ratio has ranged from 37.23 to 139.44 over the past decade. While the company's 10-year median is 75.12 vs. the industry median of 27.72, 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 Shiller PE Ratio for a Software company?
The median Shiller PE Ratio among Software companies is 27.72, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manhattan Associates's current Shiller PE Ratio of 78.16 is 182% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Manhattan Associates and its competitors. For the Software industry, the median Shiller PE Ratio is 27.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Shiller PE Ratio is 78.16, which is near median its own 10-year median of 75.12. 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 Modestly Undervalued. The stock's GF Value™ is €207.61, compared to a current price of €171.95 — trading 17.2% below its estimated fair value. The current Shiller PE Ratio is 78.16, which is near median its 10-year median of 75.12 and 182% above the Software industry median of 27.72. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Manhattan Associates (FRA:MHT), the current Shiller PE Ratio is 78.16 as of Aug. 17, 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 €171.95 is trading 17.2% below its estimated GF Value™ of €207.61.
GuruFocus considers Manhattan Associates to be Modestly Undervalued.
Key valuation signals for FRA:MHT:
Shiller PE Ratio: 78.16 (near median its 10-year median of 75.12)
GF Value™: €207.61 vs. price of €171.95 (17.2% below fair value)
Industry Position: 182% above the Software median (#847 of 1026)
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
Shiller PE Ratio 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 
