Tyler Technologies, Inc.

Tyler Technologies trades at a P/E of 44.8—nearly double the software services median—despite sitting near its 52-week highs with an RSI of 47.2 showing no overbought extremes yet. The valuation premium reflects the company's dominance in government software solutions where switching costs run deep, but at $13.5B market cap, the stock prices in substantial growth expectations with limited margin for disappointment. The modest RSI suggests the rally has room to extend further before hitting technical resistance, which could compound valuation concerns for those questioning whether the premium is justified by fundamentals alone.