TYL (Tyler Technologies) Intrinsic Value: Projected FCF: $209.88 (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TYL Tyler Technologies Inc TYL
86 GF Score
Price $349.95
GF Value $567.27
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Tyler Technologies Intrinsic Value: Projected FCF?

Tyler Technologies TYL -1.64% 86 Intrinsic Value: Projected FCF is $209.88 as of Aug. 25, 2026. GuruFocus rates TYL with a GF Score™ of 86/100 and a GF Value™ of $567.27 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,462 Software companies, Tyler Technologies ranks worse than 56.29% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-25), Tyler Technologies's Intrinsic Value: Projected FCF is $209.88. The stock price of Tyler Technologies is $349.95. Therefore, Tyler Technologies's Price-to-Intrinsic-Value-Projected-FCF of today is 1.7.

The historical rank and industry rank for Tyler Technologies's Intrinsic Value: Projected FCF or its related term are showing as below:

TYL' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.39   Med: 3.09   Max: 4.34
Current: 1.67

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tyler Technologies was 4.34. The lowest was 1.39. And the median was 3.09.

TYL's Price-to-Projected-FCF is ranked worse than
56.29% of 1462 companies
in the Software industry
Industry Median: 1.44 vs TYL: 1.67

Tyler Technologies  (NYSE:TYL) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Tyler Technologies's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=349.95/209.87967457849
=1.67

* 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 Intrinsic Value: Projected FCF Related Terms


Tyler Technologies Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Tyler Technologies's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

Tyler Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 124.96 139.84 153.85 179.28 207.71

Tyler Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 186.05 198.70 207.71 209.26 209.88

TYL vs DT, U, GWRE: Intrinsic Value: Projected FCF Comparison

For the Software - Application subindustry, Tyler Technologies's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Software Industry

For the Software industry and Technology sector, Tyler Technologies's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Tyler Technologies's Price-to-Projected-FCF falls into.


TYL
86GF Score
Tyler Technologies Inc TYL
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tyler Technologies Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Tyler Technologies's Free Cash Flow(6 year avg) = $427.55.

Tyler Technologies's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*427.54944+3037.231*0.8)/41.854
=209.88

* 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.

What does a Intrinsic Value: Projected FCF of $209.88 mean?
Tyler Technologies (TYL) has a Intrinsic Value: Projected FCF of $209.88 as of Aug. 25, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Tyler Technologies and its competitors. According to the industry distribution chart, Tyler Technologies ranks #823 out of 1462 companies in the Software industry, placing it in the top 56.3%.
Is Tyler Technologies' Intrinsic Value: Projected FCF too high?
Tyler Technologies' current Intrinsic Value: Projected FCF is $209.88. The Software industry median Intrinsic Value: Projected FCF is 1.44. Tyler Technologies' value of $209.88 is 14475% above this industry median. Based on the distribution chart, Tyler Technologies ranks #823 out of 1462 companies in the Software industry, which is below the industry midpoint. Overall, Tyler Technologies has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tyler Technologies' Intrinsic Value: Projected FCF compare to DT and U?
According to the Software industry distribution chart, Tyler Technologies ranks #823 out of 1462 companies for Intrinsic Value: Projected FCF. This places Tyler Technologies in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.44. Tyler Technologies' value of $209.88 is 14475% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Software company?
The median Intrinsic Value: Projected FCF among Software companies is 1.44, based on 1,462 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tyler Technologies's current Intrinsic Value: Projected FCF of $209.88 is 14475% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Tyler Technologies and its competitors. For the Software industry, the median Intrinsic Value: Projected FCF is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tyler Technologies's current Intrinsic Value: Projected FCF is $209.88. 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 $567.27, compared to a current price of $349.95 — trading 38.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is $209.88 and 14475% above the Software industry median of 1.44. Tyler Technologies' overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Tyler Technologies (TYL), the current Intrinsic Value: Projected FCF is $209.88 as of Aug. 25, 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 $349.95 is trading 38.3% below its estimated GF Value™ of $567.27. GuruFocus considers Tyler Technologies to be Significantly Undervalued.

Key valuation signals for TYL:

  • Intrinsic Value: Projected FCF: $209.88
  • GF Value™: $567.27 vs. price of $349.95 (38.3% below fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 14475% above the Software median (#823 of 1462)

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 Business Description

Address 5101 Tennyson Parkway, Plano, TX, USA, 75024
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.
86GF Score

Get the complete analysis for TYL

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$349.95
Price
$567.27
GF Value