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Bentley SystemsBSY -0.88%77 EV-to-EBITDA is 25.85 as of Aug. 14, 2026, which is 53% below its 10-year median of 54.87. GuruFocus rates BSY with a GF Score™ of 77/100 and a GF Value™ of $62.30 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,958 Software companies, Bentley Systems ranks worse than 77.22% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Bentley Systems's enterprise value is $12,068 Mil.
Bentley Systems's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $467 Mil. Therefore, Bentley Systems's EV-to-EBITDA for today is 25.85.
The historical rank and industry rank for Bentley Systems's EV-to-EBITDA or its related term are showing as below:
BSY'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 23.67 Med: 54.87 Max: 112.18
Current: 25.85
During the past 8 years, the highest EV-to-EBITDA of Bentley Systems was 112.18. The lowest was 23.67. And the median was 54.87.
BSY's EV-to-EBITDA is ranked worse than 77.22% of 1958
companies
in the Software industry
Industry Median: 10.565
vs BSY: 25.85
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Bentley Systems (NAS:BSY) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Bentley Systems's PE Ratio (TTM) for today is calculated as:
Bentley Systems's share price for today is $36.24.
Bentley Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.910.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Bentley Systems's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Bentley Systems's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bentley Systems EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Bentley Systems's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bentley Systems's EV-to-EBITDA falls into.
Bentley Systems's current Enterprise Value is $12,068 Mil.
Bentley Systems's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $467 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bentley Systems (BSY) has a EV-to-EBITDA of 25.85 as of Aug. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Bentley Systems. This is 53% below median its historical median of 54.87. Over the past decade, Bentley Systems' EV-to-EBITDA has ranged from 23.67 to 112.18. According to the industry distribution chart, Bentley Systems ranks #1512 out of 1958 companies in the Software industry, placing it in the top 77.2%.
Is Bentley Systems' EV-to-EBITDA too high?
Bentley Systems' current EV-to-EBITDA of 25.85 is 53% below median its 10-year median of 54.87. Over the past 10 years, this metric has ranged from a low of 23.67 to a high of 112.18. The Software industry median EV-to-EBITDA is 10.57. Bentley Systems' value of 25.85 is 144.7% above this industry median. Based on the distribution chart, Bentley Systems ranks #1512 out of 1958 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bentley Systems has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' EV-to-EBITDA compare to DOCU and FROG?
According to the Software industry distribution chart, Bentley Systems ranks #1512 out of 1958 companies for EV-to-EBITDA. This places Bentley Systems in the lower half of its industry. The industry median EV-to-EBITDA is 10.57. Bentley Systems' value of 25.85 is 144.7% above this benchmark. Historically, Bentley Systems' own EV-to-EBITDA has ranged from 23.67 to 112.18 over the past decade. While the company's 10-year median is 54.87 vs. the industry median of 10.57, Bentley Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.57, based on 1,958 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bentley Systems's current EV-to-EBITDA of 25.85 is 144.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Bentley Systems. For the Software industry, the median EV-to-EBITDA is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bentley Systems's current EV-to-EBITDA is 25.85, which is 53% below median its own 10-year median of 54.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bentley Systems stock overvalued right now?
Based on GuruFocus' analysis, Bentley Systems (BSY) is currently considered Significantly Undervalued. The stock's GF Value™ is $62.30, compared to a current price of $36.24 — trading 41.8% below its estimated fair value. The current EV-to-EBITDA is 25.85, which is 53% below median its 10-year median of 54.87 and 144.7% above the Software industry median of 10.57. Bentley Systems' overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Bentley Systems (BSY), the current EV-to-EBITDA is 25.85 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bentley Systems (BSY) Overvalued in 2026?
Based on GuruFocus' analysis, Bentley Systems stock appears to be undervalued.
The current stock price of $36.24 is trading 41.8% below its estimated GF Value™ of $62.30.
GuruFocus considers Bentley Systems to be Significantly Undervalued.
Key valuation signals for BSY:
EV-to-EBITDA: 25.85 (53% below median its 10-year median of 54.87)
GF Value™: $62.30 vs. price of $36.24 (41.8% below fair value)
Industry Position: 144.7% above the Software median (#1512 of 1958)
No single metric tells the full story. See the BSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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