Tyler Technologies has the Highest P/E Ratio in the Application Software Industry (TYL, BLKB, VRNT, SLH, PEGA)
Below are the three companies in the Application Software industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
Tyler Technologies ranks highest with a a P/E ratio of 85.32. Following is Blackbaud with a a P/E ratio of 77.53. Verint Systems ranks third highest with a a P/E ratio of 77.42.
Solera Holdings follows with a a P/E ratio of 76.63, and Pegasystems rounds out the top five with a a P/E ratio of 63.52.
SmarTrend recommended that subscribers consider buying shares of Tyler Technologies on April 4th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $135.55. Since that recommendation, shares of Tyler Technologies have risen 25.6%. We continue to monitor Tyler Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest p/e ratio tyler technologies blackbaud verint systems solera holdings pegasystems