Tyler Technologies, Inc.

NYSE:TYL Stock Report

Market Cap: US$25.6b

Tyler Technologies Valuation

Is TYL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TYL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TYL ($599.26) is trading above our estimate of fair value ($382.36)

Significantly Below Fair Value: TYL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TYL?

Key metric: As TYL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TYL. This is calculated by dividing TYL's market cap by their current earnings.
What is TYL's PE Ratio?
PE Ratio108.4x
EarningsUS$236.71m
Market CapUS$25.65b

Price to Earnings Ratio vs Peers

How does TYL's PE Ratio compare to its peers?

The above table shows the PE ratio for TYL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.8x
ZM Zoom Communications
27.9x2.6%US$26.3b
PTC PTC
59.7x14.9%US$22.5b
ANSS ANSYS
52.8x15.3%US$30.0b
DOCU DocuSign
18.9x-39.0%US$19.2b
TYL Tyler Technologies
108.4x16.6%US$25.6b

Price-To-Earnings vs Peers: TYL is expensive based on its Price-To-Earnings Ratio (108.4x) compared to the peer average (39.8x).

Price to Earnings Ratio vs Industry

How does TYL's PE Ratio compare vs other companies in the US Software Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
YXT YXT.COM Group Holding
2.4xn/aUS$156.80m
NISN Nisun International Enterprise Development Group
1.8xn/aUS$29.01m
NXTT Next Technology Holding
0.6xn/aUS$14.33m
ULY Urgent.ly
0.07x-13.0%US$6.75m
TYL 108.4xIndustry Avg. 41.2xNo. of Companies11PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TYL is expensive based on its Price-To-Earnings Ratio (108.4x) compared to the US Software industry average (41.2x).

Price to Earnings Ratio vs Fair Ratio

What is TYL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TYL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio108.4x
Fair PE Ratio40.8x

Price-To-Earnings vs Fair Ratio: TYL is expensive based on its Price-To-Earnings Ratio (108.4x) compared to the estimated Fair Price-To-Earnings Ratio (40.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TYL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$599.26
US$669.51
+11.7%
5.3%US$705.00US$575.00n/a18
Dec ’25US$629.17
US$668.12
+6.2%
5.3%US$705.00US$575.00n/a18
Nov ’25US$602.75
US$668.12
+10.8%
5.3%US$705.00US$575.00n/a18
Oct ’25US$578.64
US$604.35
+4.4%
5.1%US$660.00US$525.00n/a19
Sep ’25US$587.87
US$604.35
+2.8%
5.1%US$660.00US$525.00n/a19
Aug ’25US$569.71
US$600.21
+5.4%
5.8%US$660.00US$525.00n/a19
Jul ’25US$499.52
US$525.31
+5.2%
8.2%US$630.00US$444.00n/a19
Jun ’25US$480.36
US$519.28
+8.1%
7.0%US$600.00US$444.00n/a18
May ’25US$458.53
US$499.33
+8.9%
4.5%US$530.00US$444.00n/a19
Apr ’25US$416.69
US$485.96
+16.6%
4.4%US$526.00US$434.00n/a19
Mar ’25US$440.90
US$485.96
+10.2%
4.4%US$526.00US$434.00n/a19
Feb ’25US$429.68
US$463.21
+7.8%
6.5%US$510.00US$395.00n/a19
Jan ’25US$418.12
US$461.72
+10.4%
6.6%US$510.00US$395.00n/a18
Dec ’24US$413.73
US$461.17
+11.5%
6.4%US$510.00US$395.00US$629.1718
Nov ’24US$370.70
US$447.32
+20.7%
6.4%US$500.00US$395.00US$602.7519
Oct ’24US$386.14
US$447.17
+15.8%
6.5%US$500.00US$395.00US$578.6418
Sep ’24US$396.66
US$447.17
+12.7%
6.5%US$500.00US$395.00US$587.8718
Aug ’24US$398.28
US$447.17
+12.3%
6.5%US$500.00US$395.00US$569.7118
Jul ’24US$416.47
US$437.89
+5.1%
8.7%US$500.00US$352.00US$499.5218
Jun ’24US$398.98
US$435.18
+9.1%
8.6%US$500.00US$352.00US$480.3617
May ’24US$381.82
US$431.89
+13.1%
9.0%US$500.00US$352.00US$458.5318
Apr ’24US$354.64
US$414.35
+16.8%
12.4%US$500.00US$301.00US$416.6917
Mar ’24US$320.10
US$410.78
+28.3%
12.7%US$500.00US$301.00US$440.9018
Feb ’24US$336.46
US$421.83
+25.4%
12.8%US$500.00US$322.00US$429.6818
Jan ’24US$322.41
US$425.89
+32.1%
12.0%US$500.00US$322.00US$418.1218
Dec ’23US$352.23
US$428.67
+21.7%
11.6%US$500.00US$322.00US$413.7318

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 07:09
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tyler Technologies, Inc. is covered by 39 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Ishan MajumdarBaptista Research
Saket KaliaBarclays