As of Jun 25, 2026, MANH's PEG ratio of 20.84 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 35.42 measured against EPS growth of 1.7%.
Manhattan Associates's ten years historical PEG ratio averages out to 9.56. Compared to historical data, MANH's 20.84 PEG ratio represents an increase of 118%. MANH hit its maximum PEG ratio of 68.72 during the Sep 2022 quarter over the last ten years. The Sep 2016 quarter marked the lowest reading at 1.25, indicating the most attractive growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 21.64 | 47.61 | 2.2% |
| 2024 | 3.1 | 75.91 | 24.5% |
| 2023 | 1.91 | 75.29 | 39.5% |
| 2022 | 3.33 | 59.22 | 17.8% |
| 2021 | 3.31 | 89.36 | 27% |
| 2020 | 25.59 | 76.77 | 3% |
| 2019 | N/A | 59.96 | -15.8% |
| 2018 | N/A | 26.82 | -6% |
| 2017 | N/A | 29.49 | -2.9% |
| 2016 | 1.35 | 30.65 | 22.7% |
| 2015 | 1.6 | 46.93 | 29.4% |
| 2014 | 1.56 | 37.36 | 23.9% |
| 2013 | 1 | 33.38 | 33.3% |
| 2012 | 1.14 | 22.86 | 20% |
| 2011 | 0.28 | 18.4 | 66.7% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 21.69 | 36.88 | 1.7% |
| Dec 2025 | 21.64 | 47.61 | 2.2% |
| Sep 2025 | N/A | 57.58 | 0% |
| Jun 2025 | 5.85 | 54.4 | 9.3% |
| Mar 2025 | 3.36 | 48.74 | 14.5% |
| Dec 2024 | 3.1 | 75.91 | 24.5% |
| Sep 2024 | 2.34 | 79.04 | 33.8% |
| Jun 2024 | 1.75 | 74.3 | 42.5% |
| Mar 2024 | 1.91 | 80.72 | 42.2% |
| Dec 2023 | 1.91 | 75.29 | 39.5% |
| Sep 2023 | 1.45 | 74.31 | 51.1% |
| Jun 2023 | 3.49 | 85.79 | 24.6% |
| Mar 2023 | 4.13 | 71.03 | 17.2% |
| Dec 2022 | 3.33 | 59.22 | 17.8% |
| Sep 2022 | 68.72 | 75.59 | 1.1% |
Measured against past performance, MANH's PEG ratio is above the 3, 5 and 10-year averages.
Manhattan Associates's PEG of 20.84 is higher than the Technology sector, the industry and its peers average.
Among its peer stocks MSFT and IBM, MANH's PEG ratio runs higher. Manhattan Associates's PEG ratio of 20.84 is above the peer average of 0.68.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| PEGA Pegasystems Inc | 0.21 | $5.06B |
| IBM International Business Machines Corp | 0.25 | $254.14B |
| PAYC Paycom Software Inc | 0.63 | $6.17B |
| MSFT Microsoft Corp | 0.73 | $2.74T |
| DSGX Descartes Systems Group Inc | 1.7 | $5.97B |
| MANH Manhattan Associates Inc | 21.96 | $7.97B |
According to Jun 25, 2026 figures, MANH's PEG ratio stands at 20.84.
MANH shows a 3-year average PEG ratio of 6.23.
MANH shows a 5-year average PEG ratio of 8.49.
MANH's PEG ratio topped out at 68.72 during the Sep 2022 quarter - the highest in ten years.
At present, MANH's PEG ratio runs 118% higher than its 10-year historical average.
When a company's earnings growth lags its valuation, the PEG ratio tends to be elevated - as seen with MANH's 20.84 reading.
PEG equals PE divided by EPS growth rate (YoY TTM). As of Jun 25, 2026, Manhattan Associates carries a PE ratio of 35.42. Earnings grew at 1.7% over the TTM period ending Mar 2026. Applying the formula, this yields a PEG ratio of 20.84. PEG RATIO(20.84) = PE RATIO(35.42) / EPS GROWTH(1.7%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.