Manhattan Associates
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
67.5654.48N/A
Price/Sales ratio
11.8210.548.22
Earnings per Share (EPS)
$3.19$3.95N/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
37.2446.9630.5929.4226.7959.8876.6089.2959.0875.3873.8426.79
Price/Sales ratio
6.208.736.285.765.018.3111.3914.869.9314.3312.415.01
Price/Book Value ratio
16.7724.8522.4419.5819.0636.0930.5339.3533.5947.8341.9819.06
Price/Cash Flow ratio
32.4340.4427.2720.8820.4234.9547.4353.2742.4254.0553.0120.42
Price/Free Cash Flow ratio
36.0344.7228.6821.7021.5638.9948.3754.4544.0355.1155.0321.56
Price/Earnings Growth ratio
1.561.591.34-10.17-4.50-3.7825.473.303.311.904.20-4.50
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
56.80%57.68%58.66%58.67%56.92%53.88%53.97%55.12%53.29%53.63%53.29%53.88%
Operating Profit Margin
25.83%29.01%32.14%31.22%23.94%18.75%19.45%20.24%19.90%22.59%19.90%18.75%
Pretax Profit Margin
26.01%29.26%32.43%31.08%24.36%18.78%19.40%20.20%20.61%23.00%20.61%20.61%
Net Profit Margin
16.66%18.59%20.54%19.58%18.72%13.87%14.87%16.64%16.81%19.01%16.81%16.81%
Effective Tax Rate
35.93%36.45%36.64%36.98%23.15%26.11%23.32%17.60%18.44%17.36%18.44%26.11%
Return on Assets
25.77%30.62%41.80%36.97%34.08%23.03%18.74%20.46%22.61%26.22%22.61%23.03%
Return On Equity
45.04%52.93%73.35%66.57%71.14%60.27%39.85%44.07%56.86%63.45%60.62%60.62%
Return on Capital Employed
65.07%76.61%108.25%97.32%82.70%60.79%42.49%46.21%59.98%68.26%59.98%60.79%
Liquidity Ratios
Current Ratio
1.871.941.751.831.481.271.69N/AN/AN/A1.311.27
Quick Ratio
1.791.861.751.831.481.271.691.631.311.301.241.27
Cash ratio
0.940.930.811.010.680.601.031.050.710.730.710.68
Days of Sales Outstanding
64.4063.8860.5456.6165.3459.6167.9768.4379.3571.7479.6665.34
Days of Inventory outstanding
16.9915.86N/AN/A0.00N/A0.000.00N/AN/AN/AN/A
Operating Cycle
81.3979.7460.5456.6165.3459.6167.9768.4379.3571.7419.6459.61
Days of Payables Outstanding
21.4317.3917.6020.8327.5426.3324.0724.0526.1820.7726.1826.33
Cash Conversion Cycle
59.9662.3542.9435.7837.7933.2843.8944.3753.1650.9653.4737.79
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.60N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.51N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.05N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A256.20N/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
1.741.721.751.802.082.612.122.152.512.412.512.08
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.190.210.230.270.240.230.240.270.230.260.230.23
Free Cash Flow / Operating Cash Flow Ratio
0.900.900.950.960.940.890.980.970.960.980.960.94
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A