---
title: Tyler Technologies (TYL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/tyl
ticker: TYL
as_of: 2026-10-17
sector: Technology
industry: Software - Application
---
# Tyler Technologies (TYL)

Tyler Technologies (TYL) closed at $360.87 on Oct 16, 2026, overvalued by 69% vs its model value of $213.64 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $360.87 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $213.64 |
| Price vs model | overvalued by 69% vs model |
| Range of that model | $142.83 – $483.04 |
| Market value | $14.8B |
| P/E (fiscal 2025) | 50.1 |
| Net margin (fiscal 2025) | 13.5% |
| Free cash flow (fiscal 2025) | $637.5M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.85 |
| Cost of capital (WACC) | 8.63% |
| Business classification | Profitable Growth (Low/slowing growth (~9% recent), Moderate margins (14% net margin), Moderately volatile earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $213.64 | $142.83 | $483.04 |
| DCF · Perpetuity growth · 10y | cross check | $237.38 | $160.99 | $523.93 |
| DCF · EBITDA exit · 5y | cross check | $293.12 | $230.74 | $366.10 |
| DCF · EBITDA exit · 10y | cross check | $308.56 | $233.00 | $407.73 |
| P/E · peers | cross check | $247.78 | $209.75 | $310.38 |
| P/E · own history | cross check | $697.78 | $604.74 | $785.36 |
| PEG | sanity check | $327.06 | $327.06 | $327.06 |
| EV/EBITDA · peers | cross check | $252.15 | $192.41 | $322.96 |
| EV/Revenue · peers | cross check | $438.05 | $350.55 | $505.89 |
| Earnings power value | cross check | $85.41 | $74.16 | $101.38 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($6.5M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Puckett Jeffrey David | Chief Operating Officer | Grant / award | 16.155 | $4,375 |
| Aug 28, 2026 | MOORE H LYNN JR | President and CEO | Option/RSU exercise | 9,250 | $1.9M |
| Aug 28, 2026 | MOORE H LYNN JR | President and CEO | Open-market sell | 9,250 | $3.4M |
| Aug 28, 2026 | MOORE H LYNN JR | President and CEO | Option/RSU exercise | 9,250 | $0 |
| Aug 24, 2026 | Puckett Jeffrey David | Chief Operating Officer | Option/RSU exercise | 8,500 | $1.2M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 15, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/860731/000086073126000052/tyl-20260915.htm |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/860731/000086073126000050/tyl-20260630.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/860731/000086073126000048/tyl-20260729.htm |
| Jun 12, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/860731/000086073126000044/tyl-20260612.htm |
| May 29, 2026 | 8-K | 1.01 Entry into a Material Agreement; 1.02 Termination of a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/860731/000086073126000042/tyl-20260529.htm |

## About

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. The company's extensive product portfolio encompasses financial management tools, such as modular fund accounting systems designed for government bodies and non-profit organizations, as well as utility billing platforms for managing both metered and unmetered services. Additionally, Tyler offers solutions that automate a wide array of municipal and county operations, ranging from municipal court and parking ticket administration to animal and business licensing, permits and inspections, code enforcement, citizen complaint resolution, ambulance billing, fleet maintenance, and cemetery records management. Educational institutions, particularly…

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Source: https://sweetvaluelab.com/stocks/tyl (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.