WallStSmart

Bentley Systems Inc (BSY) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target

Bentley Systems Inc stock (BSY) is currently trading at $35.09. Bentley Systems Inc PE ratio is 43.69. Bentley Systems Inc PS ratio (Price-to-Sales) is 7.51. Analyst consensus price target for BSY is $48.14. WallStSmart rates BSY as Hold.

  • BSY PE ratio analysis and historical PE chart
  • BSY PS ratio (Price-to-Sales) history and trend
  • BSY intrinsic value — DCF, Graham Number, EPV models
  • BSY stock price prediction 2025 2026 2027 2028 2029 2030
  • BSY fair value vs current price
  • BSY insider transactions and insider buying
  • Is BSY undervalued or overvalued?
  • Bentley Systems Inc financial analysis — revenue, earnings, cash flow
  • BSY Piotroski F-Score and Altman Z-Score
  • BSY analyst price target and Smart Rating
BSY

Bentley Systems Inc

NASDAQTECHNOLOGY
$35.09
$2.05 (-5.52%)
52W$30.91
$58.97
Target$48.14+37.2%

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IV

BSY Intrinsic Value Analysis for Value Investors

Benjamin Graham Formula · Bentley Systems Inc (BSY)

Margin of Safety
-17.9%
Significantly Overvalued
BSY Fair Value
$28.76
Graham Formula
Current Price
$35.09
$6.33 above fair value
Undervalued
Fair: $28.76
Overvalued
Price $35.09
Graham IV $28.76
Analyst $48.14

BSY trades 18% above its Graham fair value of $28.76, indicating the stock may be overvalued at current levels.

Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.

WallStSmart

Smart Analysis

Bentley Systems Inc (BSY) · 10 metrics scored

Smart Score

62
out of 100
Grade: C+
Buy
Investment Rating

Category Performance

WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.

Investment Thesis

Strong fundamentals in market cap, return on equity, operating margin. Concerns around price/book. Fundamentals are solid but monitor weak areas for improvement.

Bentley Systems Inc (BSY) Key Strengths (4)

Avg Score: 8.5/10
Market CapQuality
$11.27B9/10

Large-cap company with substantial market presence

Return on EquityProfitability
24.90%9/10

Every $100 of equity generates $25 in profit

Operating MarginProfitability
20.70%8/10

Strong operational efficiency: $21 kept per $100 revenue

Profit MarginProfitability
18.50%8/10

Strong profitability: $19 kept per $100 revenue

Supporting Valuation Data

BSY Target Price
$48.14
31% Upside

Bentley Systems Inc (BSY) Areas to Watch (6)

Avg Score: 5.0/10
Price/BookValuation
9.472/10

Very expensive at 9.5x book value

Price/SalesValuation
7.514/10

Premium valuation at 7.5x annual revenue

PEG RatioValuation
1.806/10

Growth is fairly priced, not cheap, not expensive

Revenue GrowthGrowth
11.90%6/10

Solid revenue growth at 11.90% per year

EPS GrowthGrowth
16.90%6/10

Solid earnings growth at 16.90%

Institutional Own.Quality
49.80%6/10

Moderate institutional interest at 49.80%

Supporting Valuation Data

P/E Ratio
43.69
Overvalued
Forward P/E
26.95
Premium
Trailing P/E
43.69
Overvalued
Price/Sales (TTM)
7.51
Premium
EV/Revenue
8.27
Premium

Bentley Systems Inc (BSY) Detailed Analysis Report

Overall Assessment

This company scores 62/100 in our Smart Analysis, earning a C+ grade. Out of 10 metrics analyzed, 4 register as strengths (avg 8.5/10) while 6 fall into concern territory (avg 5.0/10). The category breakdown reveals uneven performance, with some areas requiring attention.

The Bull Case

The strongest argument centers on Market Cap, Return on Equity, Operating Margin. Profitability is solid with Return on Equity at 24.90%, Operating Margin at 20.70%, Profit Margin at 18.50%.

The Bear Case

The primary concerns are Price/Book, Price/Sales, PEG Ratio. Some valuation metrics including PEG Ratio (1.80), Price/Sales (7.51), Price/Book (9.47) suggest expensive pricing. Growth concerns include Revenue Growth at 11.90%, EPS Growth at 16.90%, which may limit upside.

Key Dynamics to Monitor

Three factors to monitor going forward. First, whether Price/Book improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 24.90% currently healthy but needing to be sustained. Third, growth sustainability, with Revenue Growth at 11.90% needing to reaccelerate.

Risk Considerations

Based on the metric profile, this is a moderate-to-high risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.

Bottom Line

Mixed fundamentals with both positives (Market Cap, Return on Equity) and negatives (Price/Book, Price/Sales). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.

Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.

BSY Price-to-Sales(PS) Ratio Chart

Historical valuation based on market cap ÷ trailing 12-month revenue

BSY's Price-to-Sales ratio of 7.51x trades 40% below its historical average of 12.48x (1th percentile). The current valuation is 68% below its historical high of 23.7x set in Aug 2021, and 2% above its historical low of 7.39x in Mar 2026. Over the past 12 months, the PS ratio has compressed from ~8.6x as trailing revenue scaled faster than the stock price.

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WallStSmart Analysis Synopsis

Data-driven financial summary for Bentley Systems Inc (BSY) · TECHNOLOGYSOFTWARE - APPLICATION

The Big Picture

Bentley Systems Inc is a mature, profitable business with steady cash generation. Revenue reached 1.5B with 12% growth year-over-year. Profit margins of 18.5% are healthy, with room for further expansion as the business scales.

Key Findings

Excellent Capital Efficiency

ROE of 24.9% means the company generates strong returns on shareholder equity. Above 20% is considered top-tier.

Cash Flow Positive

Generating 136M in free cash flow and 142M in operating cash flow. Earnings are translating into actual cash generation.

What to Watch Next

Sector dynamics: monitor SOFTWARE - APPLICATION industry trends, competitive moves, and regulatory changes that could impact Bentley Systems Inc.

Bottom Line

Bentley Systems Inc is a well-established business delivering consistent profitability with 18.5% margins. The growth phase may be slowing, but strong cash generation and operational efficiency make it suitable for investors seeking reliability over excitement.

This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Insider Transactions(58 last 3 months)

Total Buys
29
Total Sells
29
Mar 12, 2026(1 transaction)
BENTLEY, RAYMOND B.
Director, 10% Owner
Sell
Shares
-250,000
Mar 10, 2026(1 transaction)
BENTLEY, GREGORY S
Director, Executive Chair & President, 10% Owner
Sell
Shares
-100
Mar 3, 2026(1 transaction)
BENTLEY, GREGORY S
Director, Executive Chair & President, 10% Owner
Sell
Shares
-672
Jan 30, 2026(1 transaction)
TRIMBACK, THOMAS F
Chief Accounting Officer
Sell
Shares
-300
Jan 15, 2026(1 transaction)
BENTLEY, RAYMOND B.
Director, 10% Owner
Sell
Shares
-42,970
Jan 9, 2026(1 transaction)
BENTLEY, KEITH A.
Director, 10% Owner
Sell
Shares
-94,684

Data sourced from SEC Form 4 filings

Last updated: 12:58:55 PM

About Bentley Systems Inc(BSY)

Exchange

NASDAQ

Sector

TECHNOLOGY

Industry

SOFTWARE - APPLICATION

Country

USA

Bentley Systems, Incorporated, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company is headquartered in Exton, Pennsylvania.