Bentley Systems, Incorporated (BSY) is a publicly traded company in the Technology — Software - Application industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Bentley Systems, Inc., along with its affiliated companies, delivers specialized software solutions for infrastructure engineering across a global footprint, encompassing the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions.
Is Bentley Systems, Incorporated stock overvalued or undervalued in 2026?
Bentley Systems, Incorporated (BSY) trades at 45.4× earnings (P/E), above the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (86.1×) $77 (+89 %); at its sector median (32.0×) $29 (-30 %).
Kaplio overview: Bentley Systems, Incorporated
Market cap $12B · 52 weeks $28 – $51 (19 % below the high) · P/E 45.4× · 2027 est. P/E 26.0× · Dividend 0.68 % · 4 years rising · Next earnings November 5, 2026 · expected EPS $0.33 · Closing price, Oct 30 · accounts published Aug 6.
- Valuation: P/E 45.4× (cheap).
- Business: ROIC 11 % (fair).
- Balance sheet: Net debt/EBITDA 2.7× (fragile).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (86.1×) $77 (+89 %); at its sector median (32.0×) $29 (-30 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 5 of 8 pass
- 3y revenue growth 10.3 %, fails.
- ROIC 11.2 %, fails.
- Net debt / EBITDA 2.7×, fails.
- Rule of 40 (SaaS only) 45, passes.
- Gross margin 81.5 %, passes.
- FCF / Revenue 34.6 %, passes.
- SBC / Revenue 4.8 %, passes.
- EV/EBITDA vs own 5y 27.1×, passes.
Against its peers (reference peers) — Bentley Systems, Incorporated: P/E 45.4×; EV/EBITDA 27.1×; ROIC 11.2 %; $11.9B. Procore Technologies, Inc. (P/E —; EV/EBITDA 147×; ROIC -4.0 %; $9.3B), PTC Inc. (P/E 18.9×; EV/EBITDA 13.4×; ROIC 17.1 %; $21.2B), Autodesk, Inc. (P/E 32.3×; EV/EBITDA 22.4×; ROIC 21.2 %; $52.2B).
Expensive or cheap against its last 6 years?
P/E at each close: today 45.4× · median 86.1× · minimum 32.6× · maximum 158× · cheap below 53.1× · expensive above 119×. It has been cheaper than today only 15% of the time over its last 6 years.
Dividend
solid · Yield 0.68 % ($0.27 per share in 2025) · Years raising it 4 · 5-year growth -29 % a year · Free cash flow coverage 6.2× · With $1,000 invested today you'd collect $6.80 a year ($0.57 a month).
Profitability
| Return on Equity | 24.10% |
| Return on Invested Capital | 11.23% |
| Return on Assets | 8.09% |
| Gross Margin | 81.84% |
| Operating Margin | 23.59% |
| Net Margin | 18.10% |
Financial Health
| Debt / Equity | 1.05 |
| Current Ratio | 0.59 |
| Piotroski F-Score | 9 |
| Altman Z-Score | 3.65 |
Price Performance
| 1 month | +26.90% |
| 3 months | +13.96% |
| Year-to-date | +7.15% |
| 1 year | -19.54% |
| 3 years | -14.70% |
| 5 years | -29.89% |
Dividend History
Paid in the last 12 months: $0.2800 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-22 | $0.0700 |
| 2026-06-02 | $0.0700 |
| 2026-03-10 | $0.0700 |
| 2025-12-04 | $0.0700 |
| 2025-09-23 | $0.0700 |
| 2025-06-03 | $0.0700 |
| 2025-03-19 | $0.0700 |
| 2024-12-03 | $0.0600 |
| 2024-09-17 | $0.0600 |
| 2024-06-04 | $0.0600 |
Amounts adjusted for stock splits.
Related companies: ADSK · PTC · TRMB · PCOR · FLR
Explore sector: Technology · Software - Application
More sections of BSY: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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