WallStSmart

Manhattan Associates Inc (MANH)vsServiceNow Inc (NOW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ServiceNow Inc generates 1168% more annual revenue ($13.96B vs $1.10B). MANH leads profitability with a 19.7% profit margin vs 12.6%. NOW appears more attractively valued with a PEG of 1.32. MANH earns a higher WallStSmart Score of 56/100 (C).

MANH

Buy

56

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 3.3Quality: 7.5
Piotroski: 4/9Altman Z: 3.53

NOW

Buy

54

out of 100

Grade: C-

Growth: 7.3Profit: 6.0Value: 6.0Quality: 5.0
Piotroski: 1/9Altman Z: 1.65
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MANHSignificantly Overvalued (-25.5%)

Margin of Safety

-25.5%

Fair Value

$113.69

Current Price

$147.64

$33.95 premium

UndervaluedFair: $113.69Overvalued
NOWUndervalued (+82.6%)

Margin of Safety

+82.6%

Fair Value

$613.35

Current Price

$112.45

$500.90 discount

UndervaluedFair: $613.35Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MANH4 strengths · Avg: 9.3/10
Return on EquityProfitability
105.6%10/10

Every $100 of equity generates 106 in profit

Altman Z-ScoreHealth
3.5310/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

Operating MarginProfitability
23.0%8/10

Strong operational efficiency at 23.0%

NOW4 strengths · Avg: 8.5/10
Market CapQuality
$131.65B9/10

Large-cap with strong market position

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
22.1%8/10

Revenue surging 22.1% year-over-year

Free Cash FlowQuality
$1.53B8/10

Generating 1.5B in free cash flow

Areas to Watch

MANH4 concerns · Avg: 2.5/10
PEG RatioValuation
1.754/10

Expensive relative to growth rate

P/E RatioValuation
40.0x2/10

Premium valuation, high expectations priced in

Price/BookValuation
42.5x2/10

Trading at 42.5x book value

EPS GrowthGrowth
-3.5%2/10

Earnings declined 3.5%

NOW4 concerns · Avg: 3.8/10
Price/BookValuation
9.9x4/10

Trading at 9.9x book value

EPS GrowthGrowth
2.3%4/10

2.3% earnings growth

Altman Z-ScoreHealth
1.654/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : MANH

The strongest argument for MANH centers on Return on Equity, Altman Z-Score, Debt/Equity. Profitability is solid with margins at 19.7% and operating margin at 23.0%.

Bull Case : NOW

The strongest argument for NOW centers on Market Cap, Debt/Equity, Revenue Growth. Revenue growth of 22.1% demonstrates continued momentum. PEG of 1.32 suggests the stock is reasonably priced for its growth.

Bear Case : MANH

The primary concerns for MANH are PEG Ratio, P/E Ratio, Price/Book. A P/E of 40.0x leaves little room for execution misses.

Bear Case : NOW

The primary concerns for NOW are Price/Book, EPS Growth, Altman Z-Score. A P/E of 76.0x leaves little room for execution misses.

Key Dynamics to Monitor

MANH profiles as a mature stock while NOW is a growth play — different risk/reward profiles.

MANH carries more volatility with a beta of 0.96 — expect wider price swings.

NOW is growing revenue faster at 22.1% — sustainability is the question.

NOW generates stronger free cash flow (1.5B), providing more financial flexibility.

Bottom Line

MANH scores higher overall (56/100 vs 54/100), backed by strong 19.7% margins. NOW offers better value entry with a 82.6% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Manhattan Associates Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Manhattan Associates, Inc. develops, sells, implements, services, and maintains software solutions to manage supply chains, inventory, and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company is headquartered in Atlanta, Georgia.

ServiceNow Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

ServiceNow is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations.

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