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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tyler TechnologiesTYL -0.04%83 Cyclically Adjusted PS Ratio is 7.70 as of Aug. 14, 2026, which is 47% below its 10-year median of 14.61. GuruFocus rates TYL with a GF Score™ of 83/100 and a GF Value™ of $564.56 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,604 Software companies, Tyler Technologies ranks worse than 86.85% on this metric.
The historical rank and industry rank for Tyler Technologies's Cyclically Adjusted PS Ratio or its related term are showing as below:
TYL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.74 Med: 14.61 Max: 24.74
Current: 7.7
During the past years, Tyler Technologies's highest Cyclically Adjusted PS Ratio was 24.74. The lowest was 6.74. And the median was 14.61.
TYL's Cyclically Adjusted PS Ratio is ranked worse than 86.85% of 1604
companies
in the Software industry
Industry Median: 1.67
vs TYL: 7.70
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Tyler Technologies's adjusted revenue per share data for the three months ended in Jun. 2026 was $15.413. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $42.70 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tyler Technologies (NYSE:TYL) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Tyler Technologies Cyclically Adjusted PS Ratio Related Terms
Tyler Technologies Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Tyler Technologies's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tyler Technologies Cyclically Adjusted PS Ratio Chart
TYL vs DT, U, GWRE: Cyclically Adjusted PS Ratio Comparison
For the Software - Application subindustry, Tyler Technologies's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tyler Technologies Cyclically Adjusted PS Ratio vs Software Industry
For the Software industry and Technology sector, Tyler Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tyler Technologies's Cyclically Adjusted PS Ratio falls into.
Tyler Technologies Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Tyler Technologies's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 7.70 mean?
Tyler Technologies (TYL) has a Cyclically Adjusted PS Ratio of 7.70 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tyler Technologies and its competitors. This is 47% below median its historical median of 14.61. Over the past decade, Tyler Technologies' Cyclically Adjusted PS Ratio has ranged from 6.74 to 24.74. According to the industry distribution chart, Tyler Technologies ranks #1393 out of 1604 companies in the Software industry, placing it in the top 86.8%.
Is Tyler Technologies' Cyclically Adjusted PS Ratio too high?
Tyler Technologies' current Cyclically Adjusted PS Ratio of 7.70 is 47% below median its 10-year median of 14.61. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 24.74. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Tyler Technologies' value of 7.70 is 361.1% above this industry median. Based on the distribution chart, Tyler Technologies ranks #1393 out of 1604 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Tyler Technologies has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tyler Technologies' Cyclically Adjusted PS Ratio compare to DT and U?
According to the Software industry distribution chart, Tyler Technologies ranks #1393 out of 1604 companies for Cyclically Adjusted PS Ratio. This places Tyler Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Tyler Technologies' value of 7.70 is 361.1% above this benchmark. Historically, Tyler Technologies' own Cyclically Adjusted PS Ratio has ranged from 6.74 to 24.74 over the past decade. While the company's 10-year median is 14.61 vs. the industry median of 1.67, Tyler Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,604 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tyler Technologies's current Cyclically Adjusted PS Ratio of 7.70 is 361.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tyler Technologies and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tyler Technologies's current Cyclically Adjusted PS Ratio is 7.70, which is 47% below median its own 10-year median of 14.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tyler Technologies stock overvalued right now?
Based on GuruFocus' analysis, Tyler Technologies (TYL) is currently considered Significantly Undervalued. The stock's GF Value™ is $564.56, compared to a current price of $328.83 — trading 41.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.70, which is 47% below median its 10-year median of 14.61 and 361.1% above the Software industry median of 1.67. Tyler Technologies' overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Tyler Technologies (TYL), the current Cyclically Adjusted PS Ratio is 7.70 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tyler Technologies (TYL) Overvalued in 2026?
Based on GuruFocus' analysis, Tyler Technologies stock appears to be undervalued.
The current stock price of $328.83 is trading 41.8% below its estimated GF Value™ of $564.56.
GuruFocus considers Tyler Technologies to be Significantly Undervalued.
Key valuation signals for TYL:
Cyclically Adjusted PS Ratio: 7.70 (47% below median its 10-year median of 14.61)
GF Value™: $564.56 vs. price of $328.83 (41.8% below fair value)
Industry Position: 361.1% above the Software median (#1393 of 1604)
No single metric tells the full story. See the TYL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
83GF Score
Get the complete analysis for TYL
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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