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Upturn AI Summary - About
Bentley Systems Inc(BSY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BSY
09/23/2026: BSY (1-star) is currently NOT-A-BUY. Pass it for now.
Bentley Systems is a provider of essential software for infrastructure design and asset management, operating with a reliable, subscription-based business model. The company holds a strong position in high-complexity engineering workflows and is a pioneer in infrastructure digital twin technology. Its primary growth story centers on the global need for infrastructure renewal and the digital transformation of construction projects. Key risks include intense competition from larger software platforms, cyclical sensitivity to public infrastructure spending, and the execution challenges of scaling complex digital platforms. The stock may best suit growth-oriented investors looking for exposure to the digital transformation of the physical world.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company offers reliable long-term growth driven by the essential digital transformation of global infrastructure. |
| Momentum investor | Mixed fit | Momentum is conditional on broader market sentiment toward enterprise software and infrastructure spending cycles. |
| Value investor | Mixed fit | The stock often trades at a premium multiple reflective of its high business quality, limiting value-focused entry opportunities. |
| Dividend investor | Mixed fit | The company pays a dividend, but the focus remains on capital reinvestment for growth rather than high yield. |
| Low-risk investor | Strong fit while signal remains positive | The essential nature of its software for public infrastructure provides relatively stable, recurring cash flows. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Technology stocks in the infrastructure space can fluctuate based on interest rate changes and macro sentiment. |
| Valuation risk | Medium / high | The stock often trades at a premium, making it sensitive to missing quarterly growth targets. |
| Competition risk (Enterprise software) | Medium | Intense competition from Autodesk in the design space necessitates continuous innovation. |
| Business quality | Strong | Bentley's sticky software platform and deep integration with engineering workflows provide a strong competitive advantage. |
| Dividend income | Low | Dividends are a smaller component of the total return profile compared to capital appreciation. |
| Execution risk | Medium | Success depends on effectively integrating acquired companies and scaling its iTwin cloud platform. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -10.38% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.62B USD | Price to earnings Ratio 35.4 | 1Y Target Price 44 |
Price to earnings Ratio 35.4 | 1Y Target Price 44 | ||
Volume (30-day avg) 2.6M shares | Beta 0.98 | 52 Weeks Range 28.02 - 56.82 | Updated Date 09/23/2026 |
52 Weeks Range 28.02 - 56.82 | Updated Date 09/23/2026 | ||
Dividends yield (FY) 0.88% | Basic EPS (TTM) 0.9 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Software Subscriptions | Recurring licenses for design and engineering applications like MicroStation. | The company makes most of its money from steady, repeating monthly or annual subscriptions. |
| Managed Services | Technical support, integration, and cloud hosting for infrastructure projects. | This adds high-value professional service revenue on top of the base software licenses. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 35.4 | Forward PE 19.49 | Enterprise Value 10.78B | Price to Sales(TTM) 6.01 |
Enterprise Value 10.78B | Price to Sales(TTM) 6.01 | ||
Enterprise Value to Revenue 6.72 | Enterprise Value to EBITDA 23.08 | Shares Outstanding 290.58M | Shares Floating 155.74M |
Shares Outstanding 290.58M | Shares Floating 155.74M | ||
Percent Insiders 45.57 | Percent Institutions 55.1 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Bentley Systems Inc
Exchange NASDAQ | Headquarters Exton, PA, United States | ||
IPO Launch date 2020-09-23 | CEO & Director Mr. Nicholas H. Cumins | ||
Sector Technology | Industry Software - Application | Full time employees 5800 | Website https://www.bentley.com |
Full time employees 5800 | Website https://www.bentley.com | ||
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise, as well as Cesium and iTwin platform that enables users to create and curate cloud native digital representations of physical infrastructure assets consisting of iTwin Capture, iTwin Engage, iTwin Experience, and iTwin IoT platforms. The company serves civil, structural, geotechnical, subsurface, process engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.
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