Manhattan Associates, Inc. (MANH) Fair Value 2026

MANH · Software - Application ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.6 /10

32 fundamental signals · 9 models active

Value Trap Risk

SAFE (6/100)

Quick Summary — As of 2026-08-27, Manhattan Associates, Inc. (MANH) trades at $223.76, versus a $85.61 median fair value across its 9 active models — 61.7% below the current price. QOC: 9.6/10. Value Trap Risk: 6/100 (SAFE). 9/13 models active. Within that set, the Bayesian DCF component alone returns $136.04.

Key Facts

Ticker
MANH
Price
$223.76
Quality Score
9.6/10
Value Trap Risk
6/100
Models Active
9/13
Last Updated
Strength: Quality Score of 9.6/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Manhattan Associates, Inc. (MANH) Undervalued or Overvalued in 2026?

According to CirclFi’s 9-model valuation engine, Manhattan Associates, Inc. (MANH) appears overvalued as of : the median of 9 independent fair value estimates is $85.61, 61.7% below the current price of $223.76. Estimates range from $35.44 to $183.16. MANH scores 9.6/10 on fundamental quality and 6/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. MANH’s -61.7% gap is wider than that market norm, and the Software - Application sector median is -23.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Manhattan Associates, Inc. Stock in 2026? →

What Fair Value Does Each Model Give MANH?

9 Intrinsic Value Models vs. Current Price ($223.76)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $136.04 -39.2%
Intrinsic · High Conviction
 $39.15 -82.5%
Ensemble · Medium Conviction
 $85.10 -62.0%
Scenario · High Conviction
 $87.75 -60.8%
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What Is MANH's Fair Value Range?

Spread across 9 independent models · $35.44 to $183.16

CirclFi's 9 active models place Manhattan Associates, Inc. (MANH) between $35.44 and $183.16 per share, a spread of 173% of the median. The median of that range — $85.61 — is the fair value CirclFi publishes for MANH, against a current price of $223.76.

Low · EROICHigh · Regime Cross
$35.44median $85.61$183.16
Where the range comes from
Most bearish modelEROIC Spread$35.44
Most bullish modelRegime Cross-Sectional$183.16
Model agreement0 bullish · 9 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for MANH. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on MANH, not a CirclFi price target. How each model works →

What Is Manhattan Associates, Inc. (MANH) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Manhattan Associates, Inc.'s intrinsic value is estimated at $85.61. Trading at its current price of $223.76, the valuation engine raises significant caution: 9 of 9 models flag downside risk, projecting a median implied return of -61.7%. Notably, Regime Cross sees the most upside at -18.1% (fair value: $183.16), while EROIC is the most conservative at -84.2% ($35.44). The spread between these extremes — +66.0% — reveals how different analytical frameworks can reach starkly different conclusions. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About MANH?

9 of 13 models are currently active for MANH. All 9 active models suggest the stock trades above fair value. Taken together, their median fair value for MANH is $85.61 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $136.04 on its own, implying -39.2% downside from the current price. See which stocks rank higher →

How Does MANH Rank in Software - Application?

Among 256 Software - Application stocks, MANH ranks #6 by Quality of Company score. CirclFi's QOC score of 9.6/10 evaluates 32 fundamental signals. A score of 9.6 places MANH in the top tier.

See all Most Undervalued Software - Application Stocks →

The Software - Application sector introduces analytical considerations specific to software business businesses. For Manhattan Associates, Inc., metrics like annual recurring revenue (ARR) provide important context that general-purpose valuation models may underweight.

Is MANH a Value Trap?

CirclFi's Value Trap algorithm assigns MANH a score of 6/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

9 of 13 models are active for Manhattan Associates, Inc.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Manhattan Associates, Inc. scores 9.6 out of 10 on our 32-signal quality assessment, a elite rating that ranks among the highest-quality businesses in our coverage universe. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +66.0% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every MANH valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across MANH's 9 active models, average confidence is 51%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Manhattan Associates, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Software - Application Stocks Should You Also Analyze?

11 related Software - Application stocks with 13-model coverage

PCTYPaylocity Holding CorporationQOC 9.6IDCCInterDigital, Inc.QOC 9.5ZMZoom Communications, Inc.QOC 9.6CRMSalesforce, Inc.QOC 9.4PAYCPaycom Software, Inc.QOC 9.7NOWServiceNow, Inc.QOC 9.4MTLSMaterialise NVQOC 8.0WLTHWealthfront CorporationQOC 6.6TGLTreasure Global Inc.QOC 4.8ADSKAutodesk, Inc.QOC 9.8PTCPTC Inc.QOC 9.8

Read investment analysis: PCTY · IDCC · ZM · CRM · PAYC · NOW · MTLS · WLTH · TGL · ADSK · PTC

Which Other Stocks Have a Similar Quality Score to MANH?

7 companies across all industries closest to MANH’s Quality of Company score of 9.6/10.

FFIVF5, Inc.QOC 9.6UTHRUnited Therapeutics CorporationQOC 9.6BKTIBK Technologies CorporationQOC 9.6GOOGAlphabet Inc.QOC 9.6MRKMerck & Co., Inc.QOC 9.6FIXComfort Systems USA, Inc.QOC 9.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: FFIV · UTHR · BKTI · GOOG · MRK · FIX · NVDA

Where Does MANH Sit in CirclFi's Software - Application Rankings?

MANH is ranked against every other Software - Application stock CirclFi covers in each of these screens.

See all Software - Application stocks ranked →

What Else Do Investors Ask About Manhattan Associates, Inc.’s Valuation?

What is Manhattan Associates, Inc.'s intrinsic value in 2026?

CirclFi puts Manhattan Associates, Inc. (MANH)'s intrinsic value at $85.61 — the median of 9 independent model estimates as of 2026-08-27, ranging from $35.44 to $183.16. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $136.04 on its own. The Quality of Company score is 9.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is MANH overvalued or undervalued right now?

At $223.76, 0 of 9 active models suggest MANH may be undervalued, while 9 indicate potential overvaluation. The median of all 9 fair value estimates is $85.61, 61.7% below the current price of $223.76 — a consensus view that MANH is overvalued. The assessment depends on which methodology best fits Manhattan Associates, Inc.'s business model in Software - Application.

What does a Quality of Company score of 9.6 mean for MANH?

Manhattan Associates, Inc.'s QOC of 9.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on MANH?

CirclFi analyzes MANH with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 9 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on MANH?

Of the 9 models currently active on MANH, Regime Cross-Sectional is the most bullish at $183.16 per share, and EROIC Spread is the most bearish at $35.44. CirclFi's published fair value for MANH is the median of that range, $85.61, not either extreme. The gap between the two ends equals 173% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is MANH a value trap in 2026?

Manhattan Associates, Inc.'s Value Trap score is 6/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 9-model valuation engine, Manhattan Associates, Inc. (MANH) has a median fair value of $85.61 — 61.7% below the current price of $223.76 — as of 2026-08-27.” Source: circlfi.com/stock/MANH/ · Methodology
Primary sources for this MANH valuation
  • Financial statements: Manhattan Associates, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001056696) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for MANH as of ; valuations recomputed .

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