Bentley Systems, Incorporated

BSY Technology Software Application

Bentley Systems, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.0% from fiscal 2024.

Revenue
+12.2%
EPS
+61.1%
Free cash flow
−8.34%
Total debt
−6.82%

Quarter to September 2026, against a year earlier

44.99 1.35 +3.09%
Market cap
$13.6B
P/E
43.3×
Fwd P/E
39.1×
Dividend yield
0.62%
F-score
9/9
Altman Z
3.65
Beneish M
−2.74
Dividend safety
68/100

Bentley Systems, Incorporated (BSY) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Bentley Systems, Incorporated (BSY) trades at a EV/EBITDA of 33.2×. Over the past ten years it has ranged from 22.2× (June 2026) to 128× (October 2021); the current reading is higher than 15% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 30.1× (29.68%)
FY2024 42.9× (21.33%)
FY2023 54.5× 19.88%
FY2022 45.5× (56.11%)
FY2021 104× 63.21%
FY2020 63.5× 29.95%
FY2019 48.8× 0.00%
FY2018 48.8× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 24.3× 5.21%
Jun 2026 23.1× (14.11%)
Mar 2026 26.8× (10.95%)
Dec 2025 30.1× (26.88%)
26 more quarters

Against its own ten years

Low 22.2× High 128×
Ten-year median 51.4×
Current reading's percentile 15

EV/EBITDA against peers

Company EV/EBITDA
FIG Figma, Inc. compare n/m
PAYC Paycom Software, Inc. compare 14.2×
DOCU Docusign Inc. compare 18.8×
GRAB Grab Holdings Limited compare 24.9×
BSY Bentley Systems, Incorporated 33.2×
DT Dynatrace, Inc. compare 39.3×
MANH Manhattan Associates, Inc. compare 51.5×
GWRE Guidewire Software, Inc. compare 67.5×
PCOR Procore Technologies, Inc. compare 182×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on BSY