Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bentley Systems's Enterprise Value is $10,682 Mil.
Bentley Systems's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $378 Mil. Therefore, Bentley Systems's EV-to-EBIT ratio for today is 28.27.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Bentley Systems's Enterprise Value is $10,682 Mil.
Bentley Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $444 Mil. Therefore, Bentley Systems's EV-to-EBITDA ratio for today is 24.05.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Bentley Systems's Enterprise Value is $10,682 Mil.
Bentley Systems's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $1,555 Mil. Therefore, Bentley Systems's EV-to-Revenue ratio for today is 6.87.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Bentley Systems's Enterprise Value is $10,682 Mil.
Bentley Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $492 Mil. Therefore, Bentley Systems's EV-to-FCF ratio for today is 21.72.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Bentley Systems (NAS:BSY) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Bentley Systems's current Enterprise Value is $10,682 Mil.
Bentley Systems's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $378 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Bentley Systems's current Enterprise Value is $10,682 Mil.
Bentley Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $444 Mil.
Bentley Systems's current Enterprise Value is $10,682 Mil.
Bentley Systems's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,555 Mil.
Bentley Systems's current Enterprise Value is $10,682 Mil.
Bentley Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $512 Mil.
Bentley Systems's current Enterprise Value is $10,682 Mil.
Bentley Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $492 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 Enterprise Value Related Terms
Bentley Systems Enterprise Value Historical Data
* Premium members only.
The historical data trend for Bentley Systems's Enterprise Value 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.
BSY vs HUBS, DOCU, FIG: Enterprise Value Comparison
For the Software - Application subindustry, Bentley Systems's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Software Industry
For the Software industry and Technology sector, Bentley Systems's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Bentley Systems's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Bentley Systems's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of $10,682 Mil as of Jul. 10, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bentley Systems and its competitors.
Is Bentley Systems' Enterprise Value too high?
Bentley Systems' current Enterprise Value is $10,682 Mil. Overall, Bentley Systems has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' Enterprise Value compare to HUBS and DOCU?
Bentley Systems' Enterprise Value of $10,682 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Software company?
A good Enterprise Value depends on the Software industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bentley Systems and its competitors. Bentley Systems's current Enterprise Value is $10,682 Mil. 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 $63.40, compared to a current price of $31.67 — trading 50% below its estimated fair value. The current Enterprise Value is $10,682 Mil. Bentley Systems' overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Bentley Systems (BSY), the current Enterprise Value is $10,682 Mil as of Jul. 10, 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 $31.67 is trading 50% below its estimated GF Value™ of $63.40.
GuruFocus considers Bentley Systems to be Significantly Undervalued.
Key valuation signals for BSY:
Enterprise Value: $10,682 Mil
GF Value™: $63.40 vs. price of $31.67 (50% below fair value)
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.
72GF Score
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