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Bentley Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bentley Systems and similar public comparables like Figma, Unity, Procore, Nemetschek and more.
Bentley Systems Overview
About Bentley Systems
Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.
Founded
1987
HQ
Employees
5.5K
Website
Sectors
Financials (LTM)
EV
$11B
Bentley Systems Financials
Bentley Systems reported last 12-month revenue of $2B and EBITDA of $548M.
In the same LTM period, Bentley Systems generated $1B in gross profit, $548M in EBITDA, and $298M in net income.
Revenue (LTM)
Bentley Systems P&L
In the most recent fiscal year, Bentley Systems reported revenue of $2B and EBITDA of $526M.
Bentley Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 82% | XXX | XXX | XXX |
| EBITDA | $548M | XXX | $526M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $298M | XXX | $278M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bentley Systems Stock Performance
Bentley Systems has current market cap of $10B, and enterprise value of $11B.
Market Cap Evolution
Bentley Systems' stock price is $34.05.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $10B | 2.5% | XXX | XXX | XXX | $0.92 |
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Start Free TrialBentley Systems Valuation Multiples
Bentley Systems trades at 7.4x EV/Revenue multiple, and 21.0x EV/EBITDA.
EV / Revenue (LTM)
Bentley Systems Financial Valuation Multiples
As of April 16, 2026, Bentley Systems has market cap of $10B and EV of $11B.
Equity research analysts estimate Bentley Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bentley Systems has a P/E ratio of 34.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 7.4x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBITDA | 21.0x | XXX | 21.8x | XXX | XXX | XXX |
| EV/EBIT | 21.9x | XXX | 22.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.0x | XXX | 9.4x | XXX | XXX | XXX |
| P/E | 34.6x | XXX | 37.2x | XXX | XXX | XXX |
| EV/FCF | 21.9x | XXX | 22.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bentley Systems Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bentley Systems Margins & Growth Rates
Bentley Systems' revenue in the last 12 month grew by 12%.
Bentley Systems' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Bentley Systems' rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bentley Systems' rule of X is 68% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Bentley Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 19% | XXX | 19% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 13% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 20% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 57% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bentley Systems Public Comps
See public comps and valuation multiples for other Design & Engineering Software and Real Estate Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bentley Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Figma | XXX | XXX | XXX | XXX | XXX | XXX |
| Unity | XXX | XXX | XXX | XXX | XXX | XXX |
| Procore | XXX | XXX | XXX | XXX | XXX | XXX |
| Nemetschek | XXX | XXX | XXX | XXX | XXX | XXX |
| Baosight | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bentley Systems M&A Activity
Bentley Systems acquired XXX companies to date.
Last acquisition by Bentley Systems was on XXXXXXXX, XXXXX. Bentley Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bentley Systems
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBentley Systems Investment Activity
Bentley Systems invested in XXX companies to date.
Bentley Systems made its latest investment on XXXXXXXX, XXXXX. Bentley Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bentley Systems
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bentley Systems
| When was Bentley Systems founded? | Bentley Systems was founded in 1987. |
| Where is Bentley Systems headquartered? | Bentley Systems is headquartered in United States. |
| How many employees does Bentley Systems have? | As of today, Bentley Systems has over 5K employees. |
| Who is the CEO of Bentley Systems? | Bentley Systems' CEO is Nicholas H. Cumins. |
| Is Bentley Systems publicly listed? | Yes, Bentley Systems is a public company listed on Nasdaq. |
| What is the stock symbol of Bentley Systems? | Bentley Systems trades under BSY ticker. |
| When did Bentley Systems go public? | Bentley Systems went public in 2020. |
| Who are competitors of Bentley Systems? | Bentley Systems main competitors are Figma, Unity, Procore, Nemetschek. |
| What is the current market cap of Bentley Systems? | Bentley Systems' current market cap is $10B. |
| What is the current revenue of Bentley Systems? | Bentley Systems' last 12 months revenue is $2B. |
| What is the current revenue growth of Bentley Systems? | Bentley Systems revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Bentley Systems? | Current revenue multiple of Bentley Systems is 7.4x. |
| Is Bentley Systems profitable? | Yes, Bentley Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bentley Systems? | Bentley Systems' last 12 months EBITDA is $548M. |
| What is Bentley Systems' EBITDA margin? | Bentley Systems' last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Bentley Systems? | Current EBITDA multiple of Bentley Systems is 21.0x. |
| What is the current FCF of Bentley Systems? | Bentley Systems' last 12 months FCF is $525M. |
| What is Bentley Systems' FCF margin? | Bentley Systems' last 12 months FCF margin is 34%. |
| What is the current EV/FCF multiple of Bentley Systems? | Current FCF multiple of Bentley Systems is 21.9x. |
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