BSY Valuation

Bentley Systems Inc

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53.330

-0.16(-0.299%)1D

Overview
Forecast
Valuation
Earnings

BSY Relative Valuation

BSY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BSY is overvalued; if below, it's undervalued.

Historical Valuation

Bentley Systems Inc (BSY) is now in the Fair zone, suggesting that its current forward PE ratio of 43.99 is considered Fairly compared with the five-year average of 53.63. The fair price of Bentley Systems Inc (BSY) is between 51.50 to 78.85 according to relative valuation methord.

Relative Value

Fair Zone

51.50-78.85

Current Price：53.33

Fair

43.99

Trailing

Forward

32.77

EV/EBITDA

Bentley Systems Inc. (BSY) has a current EV/EBITDA of 32.77. The 5-year average EV/EBITDA is 39.18. The thresholds are as follows: Strongly Undervalued below 20.26, Undervalued between 20.26 and 29.72, Fairly Valued between 48.64 and 29.72, Overvalued between 48.64 and 58.10, and Strongly Overvalued above 58.10. The current Forward EV/EBITDA of 32.77 falls within the Historic Trend Line -Fairly Valued range.

34.29

EV/EBIT

Bentley Systems Inc. (BSY) has a current EV/EBIT of 34.29. The 5-year average EV/EBIT is 41.76. The thresholds are as follows: Strongly Undervalued below 21.25, Undervalued between 21.25 and 31.50, Fairly Valued between 52.01 and 31.50, Overvalued between 52.01 and 62.26, and Strongly Overvalued above 62.26. The current Forward EV/EBIT of 34.29 falls within the Historic Trend Line -Fairly Valued range.

10.75

Bentley Systems Inc. (BSY) has a current PS of 10.75. The 5-year average PS is 12.10. The thresholds are as follows: Strongly Undervalued below 6.51, Undervalued between 6.51 and 9.30, Fairly Valued between 14.90 and 9.30, Overvalued between 14.90 and 17.70, and Strongly Overvalued above 17.70. The current Forward PS of 10.75 falls within the Historic Trend Line -Fairly Valued range.

34.63

P/OCF

Bentley Systems Inc. (BSY) has a current P/OCF of 34.63. The 5-year average P/OCF is 43.17. The thresholds are as follows: Strongly Undervalued below 25.00, Undervalued between 25.00 and 34.08, Fairly Valued between 52.26 and 34.08, Overvalued between 52.26 and 61.35, and Strongly Overvalued above 61.35. The current Forward P/OCF of 34.63 falls within the Historic Trend Line -Fairly Valued range.

36.36

P/FCF

Bentley Systems Inc. (BSY) has a current P/FCF of 36.36. The 5-year average P/FCF is 46.35. The thresholds are as follows: Strongly Undervalued below 26.22, Undervalued between 26.22 and 36.28, Fairly Valued between 56.42 and 36.28, Overvalued between 56.42 and 66.48, and Strongly Overvalued above 66.48. The current Forward P/FCF of 36.36 falls within the Historic Trend Line -Fairly Valued range.

Bentley Systems Inc (BSY) has a current Price-to-Book (P/B) ratio of 14.47. Compared to its 3-year average P/B ratio of 19.00 , the current P/B ratio is approximately -23.85% higher. Relative to its 5-year average P/B ratio of 91.78, the current P/B ratio is about -84.23% higher. Bentley Systems Inc (BSY) has a Forward Free Cash Flow (FCF) yield of approximately 2.58%. Compared to its 3-year average FCF yield of 2.52%, the current FCF yield is approximately 2.46% lower. Relative to its 5-year average FCF yield of 2.27% , the current FCF yield is about 13.42% lower.

14.47

P/B

Median3y

19.00

Median5y

91.78

2.58

FCF Yield

Median3y

2.52

Median5y

2.27

Competitors Valuation Multiple

The average P/S ratio for BSY's competitors is 11.28, providing a benchmark for relative valuation. Bentley Systems Inc Corp (BSY) exhibits a P/S ratio of 10.75, which is -4.71% above the industry average. Given its robust revenue growth of 10.22%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Guidewire Software Inc

Credo Technology Group Holding Ltd

SS&C Technologies Holdings Inc

Performance Decomposition

Market capitalization of BSY increased by 4.18% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 330.34M to 364.11M.

The secondary factor is the P/E Change, contributed 5.19%to the performance.

Overall, the performance of BSY in the past 1 year is driven by Revenue Growth. Which is more sustainable.

10.22%

330.34M → 364.11M

Revenue Growth

-11.23%

21.81 → 19.36

Margin Expansion

5.19%

64.99 → 68.36

P/E Change

4.18%