Stock Analysis
Bentley Systems, Incorporated Class B Common StockBSY
P/E 36.85×· 5Y range 31.79–186.27×· bottom 5% of history
Sector: Technology · Industry: Services-Prepackaged Software
AnalystsStrong Buy21 analystsP/E 36.8× sits at the 5th percentile of its 5.065023956194388-year history.
Cash covers 12% of debt · Q2 2026.
PMP Verdict
Strong business, attractive price
Strengths
- Growth95
- Quality95
High-quality business at an attractive price.
Market context
-2.4% today· Z 1.2σ
Bull Case
- ✓Piotroski F-Score 9/9 — high earnings quality
- ✓Altman Z 3.1 — safe-zone balance sheet
- ✓ROE 24.1% — efficient capital deployment
- ✓Revenue CAGR 11.7% — durable top-line growth
- ✓Interest coverage 18.6× — debt well covered
What's happening with BSY
Profile
Strong growth and earnings quality.
How is each axis scored?
- Valuation54/100 · Moderate
- P/E vs own history (5th pct)25/25
- FCF yield (4.7%)12/25
- P/S (6.7x)12/25
- EV/EBIT (31.3x)5/25
- Growth95/100 · Strong
- Revenue CAGR (11.7%)20/25
- Net income CAGR (31.4%)25/25
- EPS CAGR 5Y (29.5%)25/25
- Fwd implied growth (73.5%)25/25
- Profitability72/100 · Moderate
- ROIC (12.9%)12/25
- ROE (24.1%)20/25
- Net margin (18.1%)20/25
- Operating margin (23.6%)20/25
- Financial Health55/100 · Moderate
- Altman Z (3.13)25/25
- Current ratio (0.59)0/25
- Interest coverage (18.6x)25/25
- Net cash / debt (D/A 31%)5/25
- Quality95/100 · Strong
- Piotroski F (9/9)25/25
- Beneish M (-2.60)25/25
- FCF conversion (172%)25/25
- Margin stability (σ 5.5%)20/25
- Moat74/100 · Moderate
- ROIC >12% years (2/6 yrs)6/25
- Median gross margin (78.8%)25/25
- FCF-positive years (6/6 yrs)25/25
- Worst-year net margin (worst 9.7%)18/25
About Bentley Systems, Incorporated Class B Common Stock
Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. Show more
While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.
Headquarters: EXTON, PA · Employees: 5,800 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
54CP/E (TTM)36.8xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 31.8x–186.3x · 5th pct
P/FCF21.9xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.7%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 1.2%–5.4% · 94th pct
P/S (TTM)6.67xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 5.8x–26.3x · 5th pct
EV/EBIT31.3xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 26.2x–201.3x · 8th pct
EV/Sales7.5xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E21.2xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio8.89xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.39C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.78%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio29.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
72B+ROIC12.9%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE24.1%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA8.2%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin18.1%A
Grade A: HighNet Income / Revenue
Operating Margin23.6%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin81.8%A
Grade A: PremiumGross Profit / Revenue
FCF Margin31.1%A
Grade A: HighFCF / Revenue
True FCF Margin26.2%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
95A+Revenue CAGR11.7%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR31.4%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)29.5%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth73.5%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-6.5%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income27.1%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue4.9%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
55CAltman Z-Score3.13A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.59xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.51xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage18.6xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment2.2yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT3.0xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity1.05xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.12xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
95A+Piotroski F-Score9/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.60A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion171.9%A
Grade A: StrongFCF / Net Income
Margin Stability5.5%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue1.5%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.45xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Andre Werner Filed | Andre Werner | Grant / award | +199 | |
Trimback Thomas F Filed | Trimback Thomas F | Grant / award | +23 | |
Bentley Raymond B. Filed | Bentley Raymond B. | Grant / award | +2.0K | |
Rahden Andrew Filed | Rahden Andrew | Grant / award | +174 | |
Cumins Nicholas Filed | Cumins Nicholas | Grant / award | +737 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Moutte Julien Filed | Moutte Julien | Grant / award | +106 | |
Lee James K Filed | Lee James K | Grant / award | +402 | |
Griswold Kirk B. Filed | Griswold Kirk B. | Grant / award | +85 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
74B+ROIC >12% Years2/6 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)78.8%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years6/6 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor9.7%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$0.96
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.49
Cash & short-term investments per share (Finnhub)
Book Value / Share$3.98
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$1.27B
Total debt obligations (short + long term)
Cash & Equiv.$146.98M
Cash and short-term investments
Net Debt$1.12B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.20B
Shareholders' equity (book value)
Asset / Liability1.50xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$10.69B
Current Market Capitalization
Beta1.02B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Bentley Systems, Incorporated Class B Common Stock (BSY)
BSY is down 2.37% at the last close. Bentley Systems, Incorporated Class B Common Stock meets 9 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 3.13 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.60 suggests a low likelihood of earnings manipulation.
- Bentley Systems, Incorporated Class B Common Stock converts about 31% of revenue into free cash flow — strong cash generation.
- Takes ~2.2 years to repay net debt from free cash flow.
- Return on equity of 24.1% is well above the market average.
See how BSY ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all BSY moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 5 | Pre-market | 33.69 | +4.53% | 2.20 |
| Oct 5 | Regular | 34.87 | +8.19% | 3.83 |
Frequently Asked Questions about BSY
What is the current Bentley Systems, Incorporated Class B Common Stock (BSY) stock price?
BSY is trading at $35.37 at the last market close, down 2.37% on the session. PreMarketPrice tracks BSY pre-market, intraday and after-hours prices.
Is BSY stock a buy right now?
PreMarketPrice's quantitative model rates Bentley Systems, Incorporated Class B Common Stock's financial health at 55/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is BSY stock overvalued?
Bentley Systems, Incorporated Class B Common Stock trades at a trailing P/E of 36.8 and our valuation score rates it 54/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Bentley Systems, Incorporated Class B Common Stock report earnings?
No confirmed earnings date is currently scheduled for BSY. The Earnings section lists recent reports and updates as dates are announced.
What sector does Bentley Systems, Incorporated Class B Common Stock operate in?
Bentley Systems, Incorporated Class B Common Stock operates in the Technology sector, within the Services-Prepackaged Software industry. The Related Stocks section lists sector peers for comparison.
What does Bentley Systems, Incorporated Class B Common Stock do?
Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges.
About Bentley Systems, Incorporated Class B Common Stock (BSY) Stock
Bentley Systems, Incorporated Class B Common Stock (BSY) is a US-listed stock operating in the Technology sector, specifically the Services-Prepackaged Software industry. As of the latest update, Bentley Systems, Incorporated Class B Common Stock is trading at $35.37, down 2.37% on the day with a market capitalization of $10.7 billion. The financial health score for BSY is 55/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for BSY stock.
BSY Stock Analysis & Key Metrics
On PreMarketPrice, you can track Bentley Systems, Incorporated Class B Common Stock (BSY) across multiple dimensions:
- Pre-market price & movement: Real-time BSY stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for BSY with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Bentley Systems, Incorporated Class B Common Stock across multiple reporting periods.
- Financial health score: A composite score of 55/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for BSY.
- Sector peers: Compare BSY against 6 other technology stocks on key financial metrics.
Is BSY a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Bentley Systems, Incorporated Class B Common Stock (BSY) as an investment. The financial health score of 55/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Bentley Systems, Incorporated Class B Common Stock (BSY) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.