# Tyler Technologies Inc. (TYL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $364.03, market value $14.9 billion.

## Valuation
- **P/E (trailing): 47.8×** (5-yr avg 98.1×, 3-yr avg 88.7×). Tyler Technologies Inc. trades at 47.8× trailing earnings, well below its own five-year average of 98.1×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 23.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.25**. A PEG of 1.25 is in the range usually read as fairly priced for its growth.
- **Price / sales: 6.1×**. Each dollar of revenue is priced at 6.1×.
- **Price / book: 4.9×**. The shares trade at 4.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 28.3×**. Enterprise value is 28.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 4.8%** (5-yr avg 2.3%). Free cash flow equals 4.8% of the market value, above its five-year average of 2.3%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Gross margin: 47.2%**. Tyler Technologies Inc. keeps 47.2% of revenue after the direct cost of what it sells.
- **Operating margin: 15.1%**. 15.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.5%**. 13.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.5%**. 8.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.8%**. Return on all capital, debt included, is 8.8%.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit.

## Growth
- **Revenue growth (1 yr): 9.1%** (3-yr 8.0%/yr, 5-yr 15.9%/yr). Revenue grew 9.1% over the last year, against 15.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 19.0%** (3-yr 23.0%/yr, 5-yr 9.0%/yr). Earnings per share rose 19.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 21.1%/yr**. Free cash flow has compounded at 21.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Tyler Technologies Inc. holds more cash than debt.
- **Altman Z-score: 6.16**. A Z-score of 6.16 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Tyler Technologies Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (22 analysts). 22 analysts cover Tyler Technologies Inc.; the consensus is buy, with an average price target of $426.64 (+17% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -34.3%** (YTD -19.8%, 3-mo 16.7%). The shares are down 34.3% over twelve months including dividends.
- **From 52-week high: -35.7%** (34.5% above the low). Trading 36% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.05** (volatility 41%). Beta of 0.05 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TYL · Page: https://foliofundamentals.com/stocks/tyl

Not investment advice.