Bentley Systems Inc
NASDAQ:BSY

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Bentley Systems Inc
NASDAQ:BSY
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Price: 40.08 USD -0.64% Market Closed
Market Cap: 12.2B USD

Relative Value

The Relative Value of one BSY stock under the Base Case scenario is 49.91 USD. Compared to the current market price of 40.08 USD, Bentley Systems Inc is Undervalued by 20%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BSY Relative Value
Base Case
49.91 USD
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
12
Median 3Y
11.4
Median 5Y
11.7
Industry
2.4
Forward
8.1
vs History
84
vs Industry
11
Median 3Y
57.3
Median 5Y
75.5
Industry
22.5
Forward
33.5
vs History
98
vs Industry
20
Median 3Y
35.5
Median 5Y
36.4
Industry
16.2
vs History
55
vs Industry
14
Median 3Y
69.6
Median 5Y
49.9
Industry
20.8
vs History
98
vs Industry
9
Median 3Y
16
Median 5Y
20.3
Industry
3
vs History
98
vs Industry
10
Median 3Y
12.3
Median 5Y
12.7
Industry
2.4
Forward
8.8
vs History
98
vs Industry
18
Median 3Y
15.5
Median 5Y
15.9
Industry
4.9
vs History
98
vs Industry
13
Median 3Y
46
Median 5Y
48.8
Industry
12.3
Forward
24.9
vs History
98
vs Industry
11
Median 3Y
56.8
Median 5Y
62.7
Industry
15.8
Forward
26.2
vs History
98
vs Industry
17
Median 3Y
38.9
Median 5Y
40.4
Industry
14.8
vs History
98
vs Industry
17
Median 3Y
40.2
Median 5Y
42.6
Industry
17.4
vs History
88
vs Industry
25
Median 3Y
5
Median 5Y
5.1
Industry
2.4

Multiples Across Competitors

BSY Competitors Multiples
Bentley Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Bentley Systems Inc
NASDAQ:BSY
12.2B USD 8.3 45.2 31.5 37.4
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Palantir Technologies Inc
NYSE:PLTR
420.6B USD 108 384 472.9 487.4
DE
SAP SE
XETRA:SAP
241.5B EUR 6.6 34.1 20.9 23.7
US
Salesforce Inc
NYSE:CRM
243.2B USD 6 33.7 19.6 27.1
US
Applovin Corp
NASDAQ:APP
222.5B USD 40.3 78.6 62.3 67.8
US
Intuit Inc
NASDAQ:INTU
184B USD 9.5 44.7 30.9 35.8
US
Adobe Inc
NASDAQ:ADBE
150.4B USD 6.3 21.1 15.8 17.3
US
NCR Corp
LSE:0K45
133.1B USD 50.2 -2 181.9 378.3 1 106.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
85.3B USD 16.4 80.4 45.6 51.7
US
Synopsys Inc
NASDAQ:SNPS
84B USD 13.1 42.1 66.9 86.7
P/S Multiple
Revenue Growth P/S to Growth
US
Bentley Systems Inc
NASDAQ:BSY
Average P/S: 21 288.7
8.3
10%
0.8
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
108
46%
2.3
DE
SAP SE
XETRA:SAP
6.6
11%
0.6
US
Salesforce Inc
NYSE:CRM
6
9%
0.7
US
Applovin Corp
NASDAQ:APP
40.3
28%
1.4
US
Intuit Inc
NASDAQ:INTU
9.5
13%
0.7
US
Adobe Inc
NASDAQ:ADBE
6.3
9%
0.7
US
N
NCR Corp
LSE:0K45
50.2
-8%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.4
14%
1.2
US
Synopsys Inc
NASDAQ:SNPS
13.1
21%
0.6
P/E Multiple
Earnings Growth PEG
US
Bentley Systems Inc
NASDAQ:BSY
Average P/E: 84.9
45.2
26%
1.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
384
94%
4.1
DE
SAP SE
XETRA:SAP
34.1
48%
0.7
US
Salesforce Inc
NYSE:CRM
33.7
31%
1.1
US
Applovin Corp
NASDAQ:APP
78.6
61%
1.3
US
Intuit Inc
NASDAQ:INTU
44.7
31%
1.4
US
Adobe Inc
NASDAQ:ADBE
21.1
19%
1.1
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 181.9
-49%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
80.4
35%
2.3
US
Synopsys Inc
NASDAQ:SNPS
42.1
13%
3.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Bentley Systems Inc
NASDAQ:BSY
Average EV/EBITDA: 114.5
31.5
22%
1.4
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
472.9
137%
3.5
DE
SAP SE
XETRA:SAP
20.9
18%
1.2
US
Salesforce Inc
NYSE:CRM
19.6
24%
0.8
US
Applovin Corp
NASDAQ:APP
62.3
52%
1.2
US
Intuit Inc
NASDAQ:INTU
30.9
27%
1.1
US
Adobe Inc
NASDAQ:ADBE
15.8
16%
1
US
N
NCR Corp
LSE:0K45
378.3
16%
23.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
45.6
27%
1.7
US
Synopsys Inc
NASDAQ:SNPS
66.9
44%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Bentley Systems Inc
NASDAQ:BSY
Average EV/EBIT: 194.2
37.4
28%
1.3
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
487.4
141%
3.5
DE
SAP SE
XETRA:SAP
23.7
21%
1.1
US
Salesforce Inc
NYSE:CRM
27.1
33%
0.8
US
Applovin Corp
NASDAQ:APP
67.8
57%
1.2
US
Intuit Inc
NASDAQ:INTU
35.8
32%
1.1
US
Adobe Inc
NASDAQ:ADBE
17.3
19%
0.9
US
N
NCR Corp
LSE:0K45
1 106.7
70%
15.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
51.7
30%
1.7
US
Synopsys Inc
NASDAQ:SNPS
86.7
49%
1.8