Bentley Systems Inc - Class B
Research Bentley Systems Inc - Class B (BSY) on Bullrun: valuation model: 15.5% overvalued, market cap USD 11.14B, P/E 40.7, dividend yield 0.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBSY
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal15.5% overvalued
- Market capUSD 11.14B
- P/E40.7
- Dividend yield0.7%
- Financial periodQ2 2026
- RevenueUSD 410.73M
- Net incomeUSD 78.57M
- Free cash flowUSD 63.80M
- Gross margin82.0%
Valuation Snapshot
Bullrun's latest valuation model marks Bentley Systems Inc - Class B as 15.5% overvalued; latest market cap is USD 11.14B; P/E is 40.7; dividend yield is 0.7%.
Peer valuation comparison
Latest P/E is 40.67x versus a Technology sector median of 28.57x (42.3% above).
Latest dividend yield is 0.74% versus a Technology sector median of 1.65% (55.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.50B | USD 277.90M | USD 520.21M | 81.5% | 0.85 | USD 123.28M | USD 1.25B | USD 1.19B |
| FY2024 | USD 1.35B | USD 234.80M | USD 421.25M | 80.9% | 0.72 | USD 64.01M | USD 1.39B | USD 1.04B |
| FY2023 | USD 1.23B | USD 326.80M | USD 391.69M | 78.3% | 1 | USD 68.41M | USD 1.53B | USD 883.28M |
| FY2022 | USD 1.10B | USD 174.80M | USD 255.78M | 78.4% | 0.55 | USD 71.68M | USD 1.78B | USD 573.45M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 11.14B | 40.7 | 0.8% | 0.28 |
| 2025 | 2025-12-31 | USD 11.54B | 44.9 | 0.7% | 0.28 |
| 2024 | 2024-12-31 | USD 14.10B | 64.9 | 0.5% | 0.24 |
| 2023 | 2023-12-29 | USD 15.44B | 96.6 | 0.4% | 0.2 |
| 2022 | 2022-12-30 | USD 10.66B | 62.6 | 0.3% | 0.12 |
| 2021 | 2021-12-31 | USD 13.65B | 166.7 | 0.2% | 0.12 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.28 USD, yield 0.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.28 USD |
| FY2024 | 0.24 USD |
| FY2023 | 0.2 USD |
| FY2022 | 0.12 USD |
About Bentley Systems Inc - Class B
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities;
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Frequently asked questions
Is Bentley Systems Inc - Class B overvalued or undervalued?
Bullrun's valuation model currently marks Bentley Systems Inc - Class B as 15.5% overvalued.
What is Bentley Systems Inc - Class B's market cap?
Bentley Systems Inc - Class B's market capitalization is USD 11.14B.
What is Bentley Systems Inc - Class B's P/E ratio?
Bentley Systems Inc - Class B's price-to-earnings (P/E) ratio is 40.7.
Does Bentley Systems Inc - Class B pay a dividend?
Bentley Systems Inc - Class B has a dividend yield of 0.7%.
What does Bentley Systems Inc - Class B do?
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.