Bentley Systems (MEX:BSY) Moat Score: 6/10 (As of Jul. 06, 2026)


MEX:BSY Bentley Systems Inc MEX:BSY
72 GF Score
Price MXN656.22
GF Value MXN1,286.60
! 1 Warning Sign
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What is Bentley Systems Moat Score?

Bentley Systems MEX:BSY 72 Moat Score is 6 as of Jul. 06, 2026. GuruFocus rates MEX:BSY with a GF Score™ of 72/100 and a GF Value™ of MXN1,286.60. The stock has 1 warning sign investors should review. Among 2,837 Software companies, Bentley Systems ranks better than 97.89% on this metric.

Bentley Systems has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Bentley Systems has Narrow Moat: BSY benefits from strong network effects and customer switching costs in infrastructure software. Its innovation and brand strength provide a strong narrow moat, but not enough for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Bentley Systems might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Bentley Systems  (MEX:BSY) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Bentley Systems Moat Score Related Terms

MEX:BSY vs HUBS, DOCU, FIG: Moat Score Comparison

For the Software - Application subindustry, Bentley Systems's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Software Industry

For the Software industry and Technology sector, Bentley Systems's Moat Score distribution charts can be found below:

* The bar in red indicates where Bentley Systems's Moat Score falls into.


MEX:BSY
72GF Score
Bentley Systems Inc MEX:BSY
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Bentley Systems (MEX:BSY) has a Moat Score of 6 as of Jul. 06, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Bentley Systems ranks #60 out of 2837 companies in the Software industry, placing it in the top 2.1%.
Is Bentley Systems' Moat Score too high?
Bentley Systems' current Moat Score is 6. Based on the distribution chart, Bentley Systems ranks #60 out of 2837 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bentley Systems has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' Moat Score compare to HUBS and DOCU?
According to the Software industry distribution chart, Bentley Systems ranks #60 out of 2837 companies for Moat Score. This places Bentley Systems in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Bentley Systems's current Moat Score is 6. 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?
Bentley Systems (MEX:BSY) has a current Moat Score of 6. The stock's GF Value™ is MXN1,286.60, compared to a current price of MXN656.22 — trading 49% below its estimated fair value. The current Moat Score is 6. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Moat Score is 6 as of Jul. 06, 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 (MEX:BSY) Overvalued in 2026?

Based on GuruFocus' analysis, Bentley Systems stock appears to be undervalued. The current stock price of MXN656.22 is trading 49% below its estimated GF Value™ of MXN1,286.60.

Key valuation signals for MEX:BSY:

  • Moat Score: 6
  • GF Value™: MXN1,286.60 vs. price of MXN656.22 (49% below fair value)
  • GF Score™: 72/100 with 1 warning sign

No single metric tells the full story. See the MEX:BSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bentley Systems Business Description

Address 685 Stockton Drive, Exton, PA, USA, 19341
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

Get the complete analysis for MEX:BSY

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN656.22
Price
MXN1,286.60
GF Value