Stock AnalizBentley Systems Inc. BSY
Computer Software: Prepackaged Software · IPO 2020 · data as of November 13, 2026
Bentley Systems Inc. (BSY) is a technology company listed in the US with a market value of about $13.4B. In the twelve months to September 30, 2026 it had revenue of $1.6B and net income of $323M, a net margin of 19.6%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is future growth (4/5); the weakest is value (0/5).
Key numbers: a P/E of 43.5, a price to free cash flow of 27.4, 5-year revenue growth of 13% a year, a 5-year average ROIC of 8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 41% below the current price.
Score: 3.0 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- ROE above 15%
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 5-year average ROIC above 12%
- More cash than debt, or low debt to equity
Valuation
Growth and quality
Financials, last 8 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.4B | $1.2B | $1.1B | $965M | $802M | $735M | $692M |
| Net income | $323M | $278M | $235M | $327M | $175M | $93M | $127M | $103M | $142M |
| Free cash flow | $489M | $520M | $421M | $392M | $256M | $270M | $242M | $154M | $143M |
| EPS (diluted) | $1.02 | $0.85 | $0.72 | $1.00 | $0.55 | $0.30 | $0.42 | $0.35 | $0.49 |
| Net margin | 19.6% | 18.5% | 17.3% | 26.6% | 15.9% | 9.7% | 15.8% | 14.0% | 20.5% |
| ROIC | — | 11.6% | 9.8% | 7.4% | 7.8% | 3.9% | 18.2% | 20.3% | 65.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 15 analysts is $51.20, 15% above the current price; targets range from $40.00 to $59.00; the consensus rating is “Buy”; expected EPS is $1.40 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Bentley Systems’s P/E ratio?
About 43.5, based on the last twelve months of diluted earnings per share (forward P/E about 29.2).
Is Bentley Systems stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 41% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Bentley Systems pay a dividend?
Yes. The dividend yield is about 0.63%, and it has paid dividends for 8 years in our data.
Is Bentley Systems a good stock to buy?
We do not give buy or sell advice. Bentley Systems scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.