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Bentley Systems (BSY, Software applications) Stock Valuation & Fair Value

Poor on forward returns

Bentley Systems (BSY, Software applications) trades at a current P/E of 32.6, about 35% below its historical normal valuation, with a forward growth estimate of 14.3% and a PEG of 2.27. Analysts' one-year estimates have been hit 60% of the time. Priced at its historical normal P/E of 50.3 on the same blended earnings, the 2026-11-06 close of $44.65 corresponds to about $69.00 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
32.6
Normal P/E
50.3
PEG
2.27
Fwd growth
14.3%
Div yield
0.6%
RSI (14)
80.1
Overbought
Technical context
  • Price $44.65 at the Nov 6 close, 13.6% above the 20-day average ($39.31) and 25.5% above the 50-day ($35.59).
  • RSI (14) at 80.1.
  • 52-week range $28.36 to $46.36: the price is 3.7% below the high and 57.4% above the low.

The Street vs SeerForecast

Wall Street's mean price target for BSY is $44.60 across 15 analysts, 0.1% below the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: poor on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from weak on forward returns (2026-09-19) to poor on forward returns (2026-11-02).

Current P/E and rating by weekCurrent P/E moved from 24.3 to 29.9 between 2026-09-18 and 2026-10-30, against a normal P/E of 50.3, with 1 rating change over 7 recorded weeks.2026-09-18: P/E 24.3, Weak on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 24.3, Weak on forward returns, recorded live 2026-09-212026-09-25: P/E 23.4, Weak on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 23.4, Weak on forward returns, recorded live 2026-09-282026-10-02: P/E 23.8, Weak on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 23.8, Weak on forward returns, recorded live 2026-10-052026-10-09: P/E 25.8, Weak on forward returns, recalculated for the week of 2026-10-102026-10-09: P/E 25.8, Weak on forward returns, recorded live 2026-10-122026-10-16: P/E 26.0, Poor on forward returns, recalculated for the week of 2026-10-172026-10-16: P/E 26.0, Poor on forward returns, recorded live 2026-10-192026-10-23: P/E 29.1, Poor on forward returns, recalculated for the week of 2026-10-242026-10-23: P/E 29.1, Poor on forward returns, recorded live 2026-10-262026-10-30: P/E 29.9, Poor on forward returns, recalculated for the week of 2026-10-312026-10-30: P/E 29.9, Poor on forward returns, recorded live 2026-11-0230.040.050.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 50.3
Weak on forward returnsPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 24.3-52%Weak on forward returns (recalculated)
2026-09-26P/E 23.4-54%Weak on forward returns (recalculated)
2026-10-17P/E 26.0-48%Poor on forward returns (recalculated)
2026-10-31P/E 29.9-41%Poor on forward returns (recalculated)
2026-11-02P/E 29.9-41%Poor on forward returns ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 24.3-52%Weak on forward returns (recalculated)
2026-09-21P/E 24.3-52%Weak on forward returns
2026-09-26P/E 23.4-54%Weak on forward returns (recalculated)
2026-09-28P/E 23.4-54%Weak on forward returns
2026-10-03P/E 23.8-53%Weak on forward returns (recalculated)
2026-10-05P/E 23.8-53%Weak on forward returns
2026-10-10P/E 25.8-49%Weak on forward returns (recalculated)
2026-10-12P/E 25.8-49%Weak on forward returns
2026-10-17P/E 26.0-48%Poor on forward returns (recalculated)
2026-10-19P/E 26.0-48%Poor on forward returns
2026-10-24P/E 29.1-42%Poor on forward returns (recalculated)
2026-10-26P/E 29.1-42%Poor on forward returns
2026-10-31P/E 29.9-41%Poor on forward returns (recalculated)
2026-11-02P/E 29.9-41%Poor on forward returns ← now

Frequently asked questions

Is Bentley Systems stock overvalued?

At a current P/E of 32.6 versus its historical normal P/E of 50.3, Bentley Systems trades about 35% below its typical valuation, with a PEG of 2.27 on 14.3% forward growth. tickerseer currently rates it poor on forward returns.

What is Bentley Systems's fair value and PEG?

Bentley Systems trades at a current P/E of 32.6 against a historical normal P/E of 50.3, a PEG of 2.27, and a forward growth estimate of 14.3%. Priced at its historical normal P/E of 50.3 on the same blended earnings, the 2026-11-06 close of $44.65 corresponds to about $69.00 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Bentley Systems changed?

tickerseer's rating moved from weak on forward returns (2026-09-19) to poor on forward returns (2026-11-02).

What is the analyst price target for Bentley Systems?

The mean Wall Street price target for Bentley Systems is $44.60 across 15 analysts, 0.1% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Software applications. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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