Valuation dashboard for Tyler Technologies, Inc. (TYL) with P/E 50.91, P/B 5.86, EV/EBITDA 28.8 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Tyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into three primary divisions: Enterprise Software, Appraisal and Tax, and NIC.
Where would it trade at its usual multiples?
Versus its usual multiples: cheap · Current P/E 50.9× · Multiples range: $250.11 · $665.25.
At the decade median (83.8×) $665 (+65%); at its sector median (31.5×) $250 (-38%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Tyler Technologies, Inc. reported revenue of $2.33B in the most recent fiscal year, growing at a 5-year CAGR of 15.9%. Net income reached $315.6M, with a 10.1% 5-year CAGR.
Trailing-twelve-month margins: gross margin 47.1%, operating margin 15.6%, net margin 13.5%.
At $404.24 (closing price, November 3, 2026), TYL trades at a P/E of 50.91 and an ROE of 10.25%. Market capitalisation stands at $16.1B, placing it among large-cap names.
Balance sheet quality for TYL: debt-to-equity ratio of 0.52, current ratio of 1.33 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 50.91 |
| Price / Book | 5.86 |
| EV / EBITDA | 28.8 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TYL | Tyler Technologies, Inc. | $16.1B | 50.91 | 5.86 | 10.2% |
| ROP | Roper Technologies, Inc. | $46.8B | 18.79 | 2.44 | 13.5% |
| PTC | PTC Inc. | $21.1B | 18.75 | 6.41 | 32.6% |
| BSY | Bentley Systems, Incorporated | $12.2B | 46.81 | 10.93 | 24.1% |
| SAP | SAP SE | $268.4B | 29.69 | 5.27 | 17.8% |
| SHOP.TO | Shopify Inc. | CAD 259.8B | 86.41 | 14.39 | 16.5% |
| 0VHA.L | Shopify Inc. | $219.9B | 113.21 | 17.22 | 15.1% |
| SHOP | Shopify Inc. | $185.0B | 86.41 | 14.39 | 16.5% |
Price
| Price | $404.24 (closing price, November 3, 2026) |
| Market Cap | $16.1B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 10.25% |
| Return on Invested Capital | 6.79% |
| Return on Assets | 5.94% |
| Gross Margin | 47.13% |
| Operating Margin | 15.59% |
| Net Margin | 13.51% |
Related companies: ROP · PTC · BSY · SAP · SHOP.TO · 0VHA.L · SHOP · CRM
Explore sector: Technology · Software - Application
More sections of TYL: Overview · Financials · Estimates · Technical · Ownership
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks