Tyler Technologies, Inc.

NYSE:TYL Stock Report

Market Cap: US$26.1b

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 ($609.09) is trading above our estimate of fair value ($509.7)

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 Ratio110.1x
EarningsUS$236.71m
Market CapUS$26.07b

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 Average61.9x
ZM Zoom Video Communications
30.2x3.7%US$26.4b
PTC PTC
63.1x14.7%US$23.7b
ANSS ANSYS
53.9x15.3%US$30.6b
SPLK Splunk
100.3x26.4%US$26.4b
TYL Tyler Technologies
110.1x16.6%US$26.1b

Price-To-Earnings vs Peers: TYL is expensive based on its Price-To-Earnings Ratio (110.1x) compared to the peer average (61.9x).

Price to Earnings Ratio vs Industry

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

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AISP Airship AI Holdings
4.3x-27.8%US$66.57m
GRRR Gorilla Technology Group
2.5x-67.4%US$55.50m
NISN Nisun International Enterprise Development Group
2xn/aUS$33.71m
NXTT Next Technology Holding
0.7xn/aUS$16.74m
TYL 110.1xIndustry Avg. 42.4xNo. of Companies11PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TYL is expensive based on its Price-To-Earnings Ratio (110.1x) compared to the US Software industry average (42.4x).

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 Ratio110.1x
Fair PE Ratio40.9x

Price-To-Earnings vs Fair Ratio: TYL is expensive based on its Price-To-Earnings Ratio (110.1x) compared to the estimated Fair Price-To-Earnings Ratio (40.9x).

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$609.09
US$668.12
+9.7%
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$395.00n/a18
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
Nov ’23US$314.24
US$434.65
+38.3%
10.1%US$500.00US$365.00US$370.7017

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

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