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BENTLEY SYSTEMS INC BSY

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2020-09-23 · LEI

BENTLEY SYSTEMS INC statistics & valuation

Market cap$9.1B
P / E32.8×
P / S6.1×
P / B7.7×
P / FCF17.5×
Dividend yield0.93%
Net margin18.5%
Return on equity23.4%
FCF margin34.6%
Net debt$1.1B
Enterprise value USD$10.2B
Earnings yield EBIT/EV3.5%
Return on capital14%
Graham number -76.9%$8.26

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.26); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.00% 15.80% 9.70% 15.90% 26.60% 17.40% 18.50% 2019202020212022202320242025
Gross margin (%)
80.40% 79.10% 77.60% 78.40% 78.30% 80.90% 81.50% 2019202020212022202320242025
Operating margin (%)
19.30% 18.70% 9.80% 19.00% 18.80% 22.30% 24.10% 2019202020212022202320242025
Return on equity (%)
30.80% 37.00% 22.80% 30.50% 37.00% 22.60% 23.40% 2019202020212022202320242025
Shares outstanding
293.8M 299.4M 314.6M 331.8M 332.5M 333.8M 333.1M 2019202020212022202320242025
Net debt ($)
$112.6M $124.0M $1.11B $1.71B $1.46B $1.32B $1.13B 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
10.40% 11.20% 3.50% 5.50% 9.80% 6.90% 7.80% 2019202020212022202320242025
Free cash flow margin (%)
20.90% 30.20% 28.00% 23.30% 31.90% 31.10% 34.60% 2019202020212022202320242025
Debt / equity (×)
0.70× 0.72× 3.51× 3.11× 1.73× 1.33× 1.05× 2019202020212022202320242025
EPS ($)
$0.35 $0.42 $0.30 $0.55 $1.00 $0.72 $0.85 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BENTLEY SYSTEMS INC trades at about 42× earnings — below its 10-year norm (10-year range 41.3×–133.9×, median 71×).

41.3× 133.9×

Shaded band = 10-year range (41.3×–133.9×); dot = today's 42×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin81.5%80.9%78.3%78.4%77.6%79.1%80.4%
Operating margin24.1%22.3%18.8%19.0%9.8%18.7%19.3%
Net margin18.5%17.4%26.6%15.9%9.7%15.8%14.0%
FCF margin34.6%31.1%31.9%23.3%28.0%30.2%20.9%
Return on assets7.8%6.9%9.8%5.5%3.5%11.2%10.4%
Return on equity23.4%22.6%37.0%30.5%22.8%37.0%30.8%
Debt / equity1.05×1.33×1.73×3.11×3.51×0.72×0.70×
Current ratio0.560.540.550.661.040.730.90

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.