Bentley Systems, Incorporated (BSY) Valuation — DCF, Graham & Comparables

Bentley Systems, Incorporated (BSY) — Price $42.40 (closing price, November 2, 2026) — Technology — Software - Application — NASDAQ

Latest reported results:

Valuation dashboard for Bentley Systems, Incorporated (BSY) with P/E 47.11, P/B 11.00, EV/EBITDA 27.1 and dividend yield 0.66%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/E 47.1× · Multiples range: $28.35 · $77.35.

At the decade median (85.9×) $77 (+82 %); at its sector median (31.5×) $28 (-33 %). 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.

Analysis Summary

Bentley Systems, Incorporated reported revenue of $1.50B in the most recent fiscal year, growing at a 5-year CAGR of 13.4%. Net income reached $277.9M, with a 17.0% 5-year CAGR.

Trailing-twelve-month margins: gross margin 81.8%, operating margin 23.6%, net margin 18.1%.

At $42.40 (closing price, November 2, 2026), BSY trades at a P/E of 47.11 and an ROE of 24.10%. Market capitalisation stands at $12.3B, placing it among large-cap names.

Balance sheet quality for BSY: debt-to-equity ratio of 1.05, current ratio of 0.59 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio47.11
Price / Book11.00
EV / EBITDA27.1
Dividend Yield0.66%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
BSYBentley Systems, Incorporated$12.3B47.1111.0024.1%
ADSKAutodesk, Inc.$53.9B33.3616.0152.5%
PTCPTC Inc.$21.1B18.776.4232.6%
TRMBTrimble Inc.$15.4B3.00-1.9%
PCORProcore Technologies, Inc.$9.5B7.40-3.1%
FLRFluor Corporation$6.2B2.40-57.1%

Price

Price$42.40 (closing price, November 2, 2026)
Market Cap$12.3B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity24.10%
Return on Invested Capital11.23%
Return on Assets8.09%
Gross Margin81.84%
Operating Margin23.59%
Net Margin18.10%

Related companies: ADSK · PTC · TRMB · PCOR · FLR

Explore sector: Technology · Software - Application

More sections of BSY: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks