Manhattan Associates, Inc.

BMV:MANH * Stock Report

Market Cap: Mex$190.2b

Manhattan Associates Valuation

Is MANH * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MANH * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Fair Value: MANH * (MX$3225) is trading below our estimate of fair value (MX$3533.2)

Significantly Below Fair Value: MANH * is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MANH *?

Key metric: As MANH * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MANH *. This is calculated by dividing MANH *'s market cap by their current earnings.
What is MANH *'s PE Ratio?
PE Ratio49x
EarningsUS$216.01m
Market CapUS$10.58b

Price to Earnings Ratio vs Peers

How does MANH *'s PE Ratio compare to its peers?

The above table shows the PE ratio for MANH * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.6x
PEGA Pegasystems
35.4x6.22%US$9.8b
NEM Nemetschek
51.8x17.56%€10.6b
BSY Bentley Systems
46.8x15.75%US$12.6b
OTEX Open Text
16.3x20.00%US$8.1b
MANH * Manhattan Associates
49x13.17%Mex$10.6b

Price-To-Earnings vs Peers: MANH * is expensive based on its Price-To-Earnings Ratio (49x) compared to the peer average (37.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MANH *'s PE Ratio compare vs other companies in the Global Software Industry?

39 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MANH * 49.0xIndustry Avg. 27.7xNo. of Companies96PE020406080100+
39 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MANH * is expensive based on its Price-To-Earnings Ratio (49x) compared to the Global Software industry average (27.7x).

Price to Earnings Ratio vs Fair Ratio

What is MANH *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MANH * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MANH *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Mex$4.05k
Fair Value
20.3% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/10 05:08
End of Day Share Price 2025/12/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Manhattan Associates, Inc. is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VruwinkBaird
Guy HardwickBarclays
Mark SchappelBenchmark Company