Manhattan Associates, Inc. (MANH) P/E Ratio History
Historical price-to-earnings valuation from 1998 to 2025
Loading P/E history...
Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, Manhattan Associates, Inc. (MANH) trades at a price-to-earnings ratio of 37.6x, with a stock price of $135.43 and trailing twelve-month earnings per share of $3.63.
The current P/E is 49% below its 5-year average of 73.2x. Over the past five years, MANH's P/E has ranged from a low of 48.1x to a high of 94.1x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, MANH trades at a 49% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
The PEG ratio of 1.75 (P/E divided by 3% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MANH commands a significant premium over the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MANH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. E-commerce platforms and retail enablement peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
SHOPShopify Inc. | $157B | 128.4 | 4.38 | -39% |
GRABGrab Holdings Limited | $17B | 66.2 | - | +342%Best |
MANHManhattan Associates, Inc. | $8B | 37.6 | 1.75 | +3% |
STECSantech Holdings Limited | $1B | 1.5Lowest | 0.07Best | -49% |
VTEXVtex | $333M | 55.0 | - | +185% |
TRAKReposiTrak, Inc. | $158M | 24.9 | 0.73 | +21% |
MAPSWM Technology, Inc. | $33M | 8.5 | - | +172% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $173.31 | $3.60 | 48.1x | +2% |
| FY2025 Q3 | $204.98 | $3.51 | 58.4x | +24% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $197.47 | $3.58 | 55.2x | +17% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $173.04 | $3.50 | 49.4x | +5% |
| FY2024 Q4 | $270.24 | $3.51 | 77.0x | +64% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $281.38 | $3.52 | 79.9x | +70% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $246.68 | $3.28 | 75.2x | +60% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $250.23 | $3.06 | 81.8x | +74% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $215.32 | $2.82 | 76.4x | +63% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $197.66 | $2.64 | 74.9x | +59% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $199.88 | $2.32 | 86.2x | +83% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $154.85 | $2.18 | 71.0x | +51% |
Average P/E for displayed period: 47.0x
See MANH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MANH Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare MANH vs NVDA
See how MANH stacks up against sector leader NVIDIA Corporation.
Start ComparisonFrequently Asked Questions
Is MANH stock overvalued or undervalued?
MANH trades at 37.6x P/E, below its 5-year average of 73.2x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MANH's valuation compare to peers?
Manhattan Associates, Inc. P/E of 37.6x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is MANH's PEG ratio?
MANH PEG ratio is 1.75. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1998-2025.