Bentley Systems, Incorporated (BSY) is a Technology stock trading at $36.39 (as of 2026-08-20), with a market capitalization of $11.61B and a trailing P/E of 40.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Bentley Systems, Incorporated provides software for infrastructure engineering, including open modeling and simulation tools for designing and integrating infrastructure projects, and geotechnical and subsurface modeling applications. It also offers project delivery, asset and network performance, and related industry solutions used by infrastructure project delivery enterprises across regions including the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
Bentley Systems provides infrastructure engineering software (modeling and simulation) such as MicroStation, OpenRoads, OpenRail, OpenPlant, and related tools, and makes money primarily from software subscriptions, with smaller contributions from services and perpetual licenses.
Because most revenue comes from subscriptions, Bentley's profit engine is driven by recurring software demand and retention reflected in ARR, rather than mainly by one-time perpetual license sales.
| Subscriptions | $0.4B |
| Services | $0.0B |
| Perpetual | $0.0B |
Business quality (Strong): Recurring subscriptions are the dominant revenue source, but the smaller perpetual and services components mean results can be sensitive to subscription renewal and spending levels in infrastructure engineering software.
Valuation: Trades at 35× trailing earnings · $10B market cap.
| Price | $36.39 |
| Market Cap | $11.61B |
| P/E Ratio | 40.0 |
| EV / EBITDA | 30.9 |
| Price / Book | 9.66 |
| Price / Sales | 7.25 |
| FCF Yield | 4.3% |
| DCF Value (model) | $7.35 |
| DCF Upside vs Price | -79.8% |
| Revenue (TTM) | $1.50B |
| Net Margin | 18.5% |
| Revenue Growth (YoY) | 12.8% |
| EPS Growth (YoY) | 13.6% |
| FCF Growth (YoY) | 11.9% |
| Altman Z-Score | 3.68 (safe) |
| Piotroski F-Score | 9/9 (strong) |
| Stock P/E | 40.0 |
| Sector P/E (Technology) | 33.9 |
| Industry P/E (Business Services) | 30.0 |
| vs Sector | 18.0% |
| vs Industry | 33.6% |
| Top Institutional Holder | VANGUARD GROUP INC ($627.67M) |
| Institutional Holders Tracked | 10 |
| Sector | Technology |
| Industry | Business Services |
| CEO | Nicholas H. Cumins |
| Employees | 5,500 |
| Country | US |
| IPO Date | 2020-09-23 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.