31.79 USD
-2.45 (-7.16%)
At close: Feb 3, 2026
31.71 USD
-0.08 (-0.25%)
After Hours: 2/3/2026, 8:02:47 PM
Taking everything into account, BSY scores 5 out of 10 in our fundamental rating. BSY was compared to 278 industry peers in the Software industry. While BSY belongs to the best of the industry regarding profitability, there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- BSY had positive earnings in the past year.
- In the past year BSY had a positive cash flow from operations.
- Each year in the past 5 years BSY has been profitable.
- In the past 5 years BSY always reported a positive cash flow from operatings.
1.2 Ratios
- BSY has a better Return On Assets (7.77%) than 79.86% of its industry peers.
- BSY has a Return On Equity of 22.53%. This is amongst the best in the industry. BSY outperforms 88.85% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.86%, BSY belongs to the top of the industry, outperforming 86.69% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 10.74%.
- The 3 year average ROIC (8.00%) for BSY is below the current ROIC(10.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
- BSY's Profit Margin of 18.44% is amongst the best of the industry. BSY outperforms 81.65% of its industry peers.
- In the last couple of years the Profit Margin of BSY has grown nicely.
- Looking at the Operating Margin, with a value of 24.23%, BSY belongs to the top of the industry, outperforming 89.57% of the companies in the same industry.
- In the last couple of years the Operating Margin of BSY has grown nicely.
- With an excellent Gross Margin value of 81.20%, BSY belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
- In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
- BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for BSY has been increased compared to 1 year ago.
- Compared to 5 years ago, BSY has more shares outstanding
- The debt/assets ratio for BSY has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.39 indicates that BSY is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.39, BSY is in the better half of the industry, outperforming 66.55% of the companies in the same industry.
- BSY has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as BSY would need 2.71 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 2.71, BSY is doing good in the industry, outperforming 65.11% of the companies in the same industry.
- BSY has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
- BSY has a Debt to Equity ratio of 1.04. This is in the lower half of the industry: BSY underperforms 78.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.39 |
ROIC/WACC1.03
WACC10.53%
2.3 Liquidity
- BSY has a Current Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.61, BSY is not doing good in the industry: 91.37% of the companies in the same industry are doing better.
- A Quick Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
- The Quick ratio of BSY (0.61) is worse than 91.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
- BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.49%, which is quite good.
- Measured over the past years, BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
- The Revenue has grown by 11.12% in the past year. This is quite good.
- BSY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.93% yearly.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
- The Earnings Per Share is expected to grow by 14.45% on average over the next years. This is quite good.
- Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.22% on average per year.
EPS Next Y11.37%
EPS Next 2Y12.52%
EPS Next 3Y13%
EPS Next 5Y14.45%
Revenue Next Year10.24%
Revenue Next 2Y10.33%
Revenue Next 3Y10.33%
Revenue Next 5Y9.22%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 27.64, the valuation of BSY can be described as expensive.
- BSY's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.18, BSY is valued at the same level.
- A Price/Forward Earnings ratio of 23.47 indicates a rather expensive valuation of BSY.
- Based on the Price/Forward Earnings ratio, BSY is valued a bit cheaper than 61.51% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, BSY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.64 | ||
| Fwd PE | 23.47 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than the industry average as 68.70% of the companies are valued more expensively.
- BSY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSY is cheaper than 73.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.97 | ||
| EV/EBITDA | 27.32 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
- BSY has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as BSY's earnings are expected to grow with 13.00% in the coming years.
PEG (NY)2.43
PEG (5Y)2.23
EPS Next 2Y12.52%
EPS Next 3Y13%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.80%, BSY is not a good candidate for dividend investing.
- In the last 3 months the price of BSY has falen by -31.94%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
- Compared to an average industry Dividend Yield of 0.56, BSY pays a better dividend. On top of this BSY pays more dividend than 90.29% of the companies listed in the same industry.
- With a Dividend Yield of 0.80, BSY pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
- BSY has been paying a dividend for over 5 years, so it has already some track record.
- BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
- BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.52%
EPS Next 3Y13%
31.79
-2.45 (-7.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)02-26 2026-02-26/amc
Inst Owners46.83%
Inst Owner Change-2.02%
Ins Owners40.33%
Ins Owner Change-0.39%
Market Cap9.65B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target56.48 (77.67%)
Short Float %8.85%
Short Ratio6.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-4.98%
PT rev (3m)-6.46%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)-2%
EPS NY rev (1m)-0.42%
EPS NY rev (3m)-2.01%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)-0.87%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.64 | ||
| Fwd PE | 23.47 | ||
| P/S | 6.61 | ||
| P/FCF | 20.97 | ||
| P/OCF | 20.17 | ||
| P/B | 8.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 27.32 |
EPS(TTM)1.15
EY3.62%
EPS(NY)1.35
Fwd EY4.26%
FCF(TTM)1.52
FCFY4.77%
OCF(TTM)1.58
OCFY4.96%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)2.43
PEG (5Y)2.23
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.39 |
F-Score8
WACC10.53%
ROIC/WACC1.03
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y11.37%
EPS Next 2Y12.52%
EPS Next 3Y13%
EPS Next 5Y14.45%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.24%
Revenue Next 2Y10.33%
Revenue Next 3Y10.33%
Revenue Next 5Y9.22%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year16.54%
EBIT Next 3Y14.79%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
Can you provide the valuation status for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The Price/Earnings (PE) ratio for BENTLEY SYSTEMS INC-CLASS B (BSY) is 27.64 and the Price/Book (PB) ratio is 8.07.
What is the financial health of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The financial health rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 3 / 10.