Bentley Systems (BSY)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
$43.64+3.58%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
Research Workspace
Put BSY beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is accelerating — up about 13% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 19%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 59% growth a year, above the roughly 14% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 42% in its worst 12-month stretch.
View RiskBentley Systems' AI integration in infrastructure software has to keep compounding to justify the price. Revenue growth is slowing, dropping from 14.5% to 12.8% year over year. The latest quarter beat estimates by 25%. The stock trades at 38 times earnings versus a 29 times peer median. The market is pricing in more growth than we forecast. This premium to peers must be earned by sustained execution. Our model puts the next-quarter miss probability near 20%. Peer multiples imply a price about 54% below where it trades. This read is provisional. Our standing thesis remains intact.
Trailing returns as of 2026-11-04. BSY is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 18 analysts currently covering BSY (as of Nov 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| BSY Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-11-05. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put BSY next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Sustain revenue and ARR growth
Raised ARR outlook and strategic portfolio optimization.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Sustain revenue and ARR growth
Earnings beat confirms sustained revenue and profitability growth.
Advances: Advance AI integration in infrastructure software
AI integration aligns with management's growth and product objectives.
Dividend declaration supports disciplined capital allocation objective.
Advances: Advance AI integration in infrastructure software
AI strategy aligns with management's objective to advance AI integration.
Advances: Sustain revenue and ARR growth
EPS beat and improving industry trends support growth and near-term operating momentum.
Advances: Disciplined capital allocation with dividends and share repurchases
Buybacks, strong cash-flow targets, and planned AI monetization support capital returns and product strategy.
Advances: Sustain revenue and ARR growth
Quarterly revenue in line with expectations supports continued growth, though offers limited surprise.