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BSY (Bentley Systems) Moat Score : 7/10 (As of Jul. 06, 2025)


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What is Bentley Systems Moat Score?

Bentley Systems has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Bentley Systems has Wide Moat: Bentley Systems possesses a wide moat due to its strong network effects, high customer switching costs, and valuable intellectual property in infrastructure software. Its strong brand and consistent innovation further solidify its durable competitive advantages.

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 Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Competitive Comparison of Bentley Systems's Moat Score

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's Moat Score Distribution in the 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.


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Bentley Systems  (NAS: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

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Bentley Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Bentley Systems Inc (NAS:BSY) » Definitions » Moat Score
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Traded in Other Exchanges
BS81:Germany
Address
685 Stockton Drive, Exton, PA, USA, 19341
Website
https://www.bentley.com
Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation, project management, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
Executives
Brock Ballard officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Gregory S Bentley director, 10 percent owner, officer: Chairman, CEO & President C/O BENTLEY SYSTEMS INC, 685 STOCKTON RD, EXTON PA 19341
Keith A. Bentley director, 10 percent owner, officer: Chief Technology Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Barry J. Bentley director, 10 percent owner C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Michael M Campbell officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Raymond B. Bentley director, 10 percent owner, officer: Executive Vice President C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Kirk B. Griswold director 11 TROTTER WAY, COLLEGEVILLE PA 19426
Nicholas Cumins officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David R. Shaman officer: Chief Legal Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David J. Hollister officer: See Remarks C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Gus Bergsma officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Richard P. Bentley 10 percent owner C/O VIDEORAY LLC, 212 EAST HIGH STREET, POTTSTOWN PA 19464
Spt Invest Management Sarl 10 percent owner 21 RUE EDMOND REUTER, CONTERN N4 5326
Siemens International Holding B.v. 10 percent owner PRINSES BEATRIXLAAN 800, BN 'S-GRAVENHAGE P7 2595