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Bentley SystemsMEX:BSY 72 Return-on-Tangible-Asset is 43.68% as of Mar. 2026, which is 58% above its 10-year median of 27.57. GuruFocus rates MEX:BSY with a GF Score™ of 72/100 and a GF Value™ of MXN1,332.91. The stock has 1 warning sign investors should review. Among 2,893 Software companies, Bentley Systems ranks better than 96.89% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Bentley Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN6,880 Mil. Bentley Systems's average total tangible assets for the quarter that ended in Mar. 2026 was MXN15,751 Mil. Therefore, Bentley Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 43.68%.
The historical rank and industry rank for Bentley Systems's Return-on-Tangible-Asset or its related term are showing as below:
MEX:BSY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.08 Med: 27.57 Max: 45.47
Current: 33.13
During the past 8 years, Bentley Systems's highest Return-on-Tangible-Asset was 45.47%. The lowest was 14.08%. And the median was 27.57%.
MEX:BSY's Return-on-Tangible-Asset is ranked better than 96.89% of 2893
companies
in the Software industry
Industry Median: 2.07
vs MEX:BSY: 33.13
Bentley Systems (MEX:BSY) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Bentley Systems Return-on-Tangible-Asset Related Terms
Bentley Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bentley Systems's Return-on-Tangible-Asset 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.
MEX:BSY vs HUBS, DOCU, FIG: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Bentley Systems's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Bentley Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bentley Systems's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 43.68% mean?
Bentley Systems (MEX:BSY) has a Return-on-Tangible-Asset of 43.68% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bentley Systems and its competitors. This is 58% above median its historical median of 27.57. Over the past decade, Bentley Systems' Return-on-Tangible-Asset has ranged from 14.08 to 45.47. According to the industry distribution chart, Bentley Systems ranks #90 out of 2893 companies in the Software industry, placing it in the top 3.1%.
Is Bentley Systems' Return-on-Tangible-Asset too high?
Bentley Systems' current Return-on-Tangible-Asset of 43.68% is 58% above median its 10-year median of 27.57. Over the past 10 years, this metric has ranged from a low of 14.08 to a high of 45.47. The Software industry median Return-on-Tangible-Asset is 2.07. Bentley Systems' value of 43.68% is 2010.1% above this industry median. Based on the distribution chart, Bentley Systems ranks #90 out of 2893 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' Return-on-Tangible-Asset compare to HUBS and DOCU?
According to the Software industry distribution chart, Bentley Systems ranks #90 out of 2893 companies for Return-on-Tangible-Asset. This places Bentley Systems in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. Bentley Systems' value of 43.68% is 2010.1% above this benchmark. Historically, Bentley Systems' own Return-on-Tangible-Asset has ranged from 14.08 to 45.47 over the past decade. While the company's 10-year median is 27.57 vs. the industry median of 2.07, 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 Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,893 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bentley Systems's current Return-on-Tangible-Asset of 43.68% is 2010.1% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bentley Systems and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bentley Systems's current Return-on-Tangible-Asset is 43.68%, which is 58% above median its own 10-year median of 27.57. 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 Return-on-Tangible-Asset of 43.68%. The stock's GF Value™ is MXN1,332.91, compared to a current price of MXN656.22 — trading 50.8% below its estimated fair value. The current Return-on-Tangible-Asset is 43.68%, which is 58% above median its 10-year median of 27.57 and 2010.1% above the Software industry median of 2.07. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Return-on-Tangible-Asset is 43.68% as of Mar. 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 50.8% below its estimated GF Value™ of MXN1,332.91.
Key valuation signals for MEX:BSY:
Return-on-Tangible-Asset: 43.68% (58% above median its 10-year median of 27.57)
GF Value™: MXN1,332.91 vs. price of MXN656.22 (50.8% below fair value)
Industry Position: 2010.1% above the Software median (#90 of 2893)
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 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
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