NASDAQ · BSY
Bentley Systems, Incorporated
Technology · Software - Application
$30.98▼ 0.99% ($0.31)today
As of 3:08 PM ET
Market cap
$9.06B
P/E
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price above Base.
The price needs 12.2% revenue growth a year for 10 years. Our scenarios assume 5.4–9.4%.
That's about its past 4-year pace of 11.7%.
Value per share
Base case
$21.11
Price used $30.98 is 47% above this
USD · TTM ending Jun 30, 2026 · Price Sep 29, 7:08 PM UTC
Revenue each value needs
Revenue today $1.6B. The price needs $5.1B by 2036. Base case: $3.3B. At its recent pace: $4.8B. Bear to Bull: $2.7B to $3.9B.
Revenue today $1.6B. The price needs $5.1B by 2036. Base case: $3.3B. At its recent pace: $4.8B. Bear to Bull: $2.7B to $3.9B.
Revenue in 2036
today $1.6B
+$1.7Bmore than the Base case · 1.5×
Value per share · Base case
$21.11
Price $30.98
47% above this
- 10-yr revenue CAGR
- 7.5%
- Ending operating margin
- 23.6%
- Discount rate
- 9.8%
USD · TTM ending Jun 30, 2026 · Price Sep 29, 7:08 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock fell 40.43% over the last year. Revenue grew 12.85% over the trailing twelve months. Operating margin moved from 23.22% to 23.59%. Free cash flow grew 14.93% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 4th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 23.59%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
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.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
7
Buy
4
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q3 FY26 · EPS est $0.34 · Revenue est $420.6M
View
Institutional Sentiment
Bentley Systems, Incorporated · BSY
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.