Tyler TechnologiesMIL:1TYL 66 Return-on-Tangible-Asset is 18.22% as of Mar. 2026, which is 10% above its 10-year median of 16.54. GuruFocus rates MIL:1TYL with a GF Score™ of 66/100 and a GF Value™ of €481.75 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,886 Software companies, Tyler Technologies ranks better than 88.63% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Tyler Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was €281 Mil. Tyler Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was €1,542 Mil. Therefore, Tyler Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.22%.
The historical rank and industry rank for Tyler Technologies's Return-on-Tangible-Asset or its related term are showing as below:
MIL:1TYL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.83 Med: 16.54 Max: 29.13
Current: 16.76
During the past 13 years, Tyler Technologies's highest Return-on-Tangible-Asset was 29.13%. The lowest was 11.83%. And the median was 16.54%.
MIL:1TYL's Return-on-Tangible-Asset is ranked better than 88.63% of 2886
companies
in the Software industry
Industry Median: 2.035
vs MIL:1TYL: 16.76
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Tyler Technologies Return-on-Tangible-Asset Related Terms
Tyler Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tyler Technologies's Return-on-Tangible-Asset 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.
MIL:1TYL vs U, DT, PTC: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Tyler Technologies's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Tyler Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tyler Technologies's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.22% mean?
Tyler Technologies (MIL:1TYL) has a Return-on-Tangible-Asset of 18.22% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tyler Technologies and its competitors. This is 10% above median its historical median of 16.54. Over the past decade, Tyler Technologies' Return-on-Tangible-Asset has ranged from 11.83 to 29.13. According to the industry distribution chart, Tyler Technologies ranks #328 out of 2886 companies in the Software industry, placing it in the top 11.4%.
Is Tyler Technologies' Return-on-Tangible-Asset too high?
Tyler Technologies' current Return-on-Tangible-Asset of 18.22% is 10% above median its 10-year median of 16.54. Over the past 10 years, this metric has ranged from a low of 11.83 to a high of 29.13. The Software industry median Return-on-Tangible-Asset is 2.04. Tyler Technologies' value of 18.22% is 795.3% above this industry median. Based on the distribution chart, Tyler Technologies ranks #328 out of 2886 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Tyler Technologies has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tyler Technologies' Return-on-Tangible-Asset compare to U and DT?
According to the Software industry distribution chart, Tyler Technologies ranks #328 out of 2886 companies for Return-on-Tangible-Asset. This places Tyler Technologies in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Tyler Technologies' value of 18.22% is 795.3% above this benchmark. Historically, Tyler Technologies' own Return-on-Tangible-Asset has ranged from 11.83 to 29.13 over the past decade. While the company's 10-year median is 16.54 vs. the industry median of 2.04, 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 Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,886 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tyler Technologies's current Return-on-Tangible-Asset of 18.22% is 795.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tyler Technologies and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tyler Technologies's current Return-on-Tangible-Asset is 18.22%, which is 10% above median its own 10-year median of 16.54. 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 (MIL:1TYL) is currently considered Significantly Undervalued. The stock's GF Value™ is €481.75, compared to a current price of €242.80 — trading 49.6% below its estimated fair value. The current Return-on-Tangible-Asset is 18.22%, which is 10% above median its 10-year median of 16.54 and 795.3% above the Software industry median of 2.04. Tyler Technologies' overall GF Score™ is 66/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Tyler Technologies (MIL:1TYL), the current Return-on-Tangible-Asset is 18.22% as of Mar. 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 (MIL:1TYL) Overvalued in 2026?
Based on GuruFocus' analysis, Tyler Technologies stock appears to be undervalued.
The current stock price of €242.80 is trading 49.6% below its estimated GF Value™ of €481.75.
GuruFocus considers Tyler Technologies to be Significantly Undervalued.
Key valuation signals for MIL:1TYL:
Return-on-Tangible-Asset: 18.22% (10% above median its 10-year median of 16.54)
GF Value™: €481.75 vs. price of €242.80 (49.6% below fair value)
Industry Position: 795.3% above the Software median (#328 of 2886)
No single metric tells the full story. See the MIL:1TYL 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.
66GF Score
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