Manhattan Associates, Inc. (MANH) P/E Ratio History
Historical price-to-earnings valuation from 1998 to 2026
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MANH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Manhattan Associates, Inc. (MANH) trades at a price-to-earnings ratio of 38.3x, with a stock price of $137.80 and trailing twelve-month earnings per share of $3.61.
The current P/E is 46% below its 5-year average of 70.8x. Over the past five years, MANH's P/E has ranged from a low of 37.3x to a high of 94.1x, placing the current valuation at the 5th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, MANH trades at a 39% premium to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
The PEG ratio of 1.78 (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 25.2x. 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.
MANH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $13B | 25.8 | - | -11% | |
| $27B | 30.8 | 1.69 | +26% | |
| $11B | 161.8 | - | +1192%Best | |
| $6B | 25.5 | 0.90 | +11% | |
| $202B | 24.6 | 3.73 | +126% | |
| $558B | 44.7 | 6.30 | +17% | |
| $6B | 13.6Lowest | 1.18 | +11% | |
| $6B | 37.3 | 1.45 | +16% | |
| $85B | 15.2 | 0.45Best | -3% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MANH Historical P/E Data (1998–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $133.12 | $3.57 | 37.3x | -20% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $173.31 | $3.60 | 48.1x | +3% |
| FY2025 Q3 | $204.98 | $3.51 | 58.4x | +25% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $197.47 | $3.58 | 55.2x | +18% |
| 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 | +60% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $199.88 | $2.32 | 86.2x | +84% |
Average P/E for displayed period: 46.9x
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Start ComparisonMANH — Frequently Asked Questions
Quick answers to the most common questions about buying MANH stock.
Is MANH stock overvalued or undervalued?
MANH trades at 38.3x P/E, below its 5-year average of 70.8x. At the 5th 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 38.3x compares to sector median of 27.5x. The premium reflects expected growth above peers.
What is MANH's PEG ratio?
MANH PEG ratio is 1.78. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1998-2026.