What is Tyler Technologies Inc worth?
With the base-case assumptions below, a discounted cash flow model on Tyler Technologies Inc's reported free cash flow gives $501.21 per share. The share price was $325.57 on September 25, 2026, 35% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $312.55 | -4% |
| Base | 15.0% | 9.0% | $501.21 | +54% |
| Bull | 20.0% | 8.0% | $852.49 | +162% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $644.04 | $688.57 | $743.01 | $811.05 | $898.53 |
| 8.0% | $536.74 | $565.62 | $599.76 | $640.71 | $690.78 |
| 9.0% | $458.67 | $478.42 | $501.21 | $527.79 | $559.20 |
| 10.0% | $399.48 | $413.52 | $429.44 | $447.63 | $468.61 |
| 11.0% | $353.16 | $363.45 | $374.96 | $387.91 | $402.58 |
Where the presets come from
Base: years 1 to 5 grow at Tyler Technologies Inc's revenue growth rate over the last 5 fiscal years (15.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions