Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools; tax data management and document managementsolutions; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions support certain industries for indirect tax needs, such as retail, communications, and leasing; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; E-invoicing, an end-to-end e-invoicing process; and managed services, including indirect tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
Tax Tech Titan | Vertex leads in indirect tax automation, serving 60% of Fortune 500 companies with deep ERP integrations and cloud solutions |
Growth Trajectory | Explore Vertex's strategic initiatives in AI and e-invoicing, poised to capture a significant share of the $30 billion tax automation market |
Market Dynamics | Delve into Vertex's competitive landscape, balancing strong market position against emerging challenges in a rapidly evolving industry |
Future Outlook | Analyst projections suggest EPS growth to $1.29 by 2028, with price targets ranging from $61 to $62, reflecting optimism amid market volatility |
Metrics to compare | VERX | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipVERXPeersSector | |
|---|---|---|---|---|
P/E Ratio | −56.0x | −2.2x | 12.3x | |
PEG Ratio | 0.20 | 1.15 | 0.01 | |
Price/Book | 11.3x | 3.7x | 2.4x | |
Price / LTM Sales | 4.1x | 3.6x | 2.4x | |
Upside (Analyst Target) | 40.2% | 45.7% | 22.8% | |
Fair Value Upside | Unlock | 27.6% | 5.1% | Unlock |