Manhattan Associates price to free cash flow MANH

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 34.8×
10-year median: 40.9×
Against its 10-year history: 37th; percentile: 0 is its lowest day, 100 its highest
10-year range: 17.8× to 74.2×
Peer median: 16.0×

Manhattan Associates' price to free cash flow is 34.8× as of Oct 23, 2026.

That is below its ten-year median of 40.9×, close to the middle of its last ten years.

Over that time it ranged from 17.8× in Feb 2018 to 74.2× in Feb 2024.

The median for 10 infrastructure software stocks of a similar size is 16.0×.

Price to free cash flow over time

median 40.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	34.8×	19.3×	34.8×
2025	31.9×	30.8×	65.2×
2024	62.0×	53.3×	74.2×
2023	63.8×	46.7×	67.7×
2022	47.8×	40.7×	52.5×
2021	54.6×	50.4×	65.3×
2020	50.7×	22.0×	56.4×
2019	38.6×	19.5×	42.1×
2018	19.3×	17.8×	26.2×
2017	22.9×	19.1×	29.4×
2016	29.0×	27.4×	39.2×
2015	43.1×	41.0×	61.8×
2014	44.6×	27.1×	46.2×
2013	27.2×	18.1×	30.4×
2012	19.4×	15.8×	20.8×

Against its peers

Companies in Software - Infrastructure nearest Manhattan Associates' size, closest first, today.

Company	Price to free cash flow
MANHManhattan Associates	34.8×
CACICaci International	18.0×
GDDYGoDaddy	8.4×
AKAMAkamai Technologies	14.1×
GENGen Digital	9.6×
GWREGuidewire Software	41.0×
PAYCPaycom Software	21.5×
DOCUDocusign	13.3×
TYLTyler Technologies	22.4×
BSYBentley Systems	24.1×
LDOSLeidos	7.9×
Peer median	16.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Manhattan Associates

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.