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Stock Comparison · Industry comparison · Software - Application

Bentley Systems vs SAP: Which Stock Looks Stronger in 2026?

The structural profiles are close, with SAP SE carrying a narrow edge on growth. Bentley Systems still has the edge on growth, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

On growth, the clearer edge sits with Bentley Systems, Incorporated, while the overall score remains tighter and points the other way.

INDUSTRY COMPARISON

Both operate in: Software - Application

This comparison is based on industry proximity, not on functional trajectory similarity. BSY and SAP.DE share the same industry classification.

For a similarity-based comparison, see how Bentley Systems and SAP SE each position within their functional peer groups in AssetNext.

Peer-Relative Score
BSY
Bentley Systems, Incorporated
46
Peer-Score
Signal qualityHigh
vs
SAP.DE
SAP SE
51
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BSY vs SAP.DE Profitability 39 56 Stability 47 68 Valuation 50 56 Growth 50 19 BSY SAP.DE
Gap Ranking
#1 Growth +31
#2 Stability +21
#3 Profitability +17
#4 Valuation +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BSY and SAP.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BSYSAP.DE Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Bentley Systems, Incorporated.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
Bentley Systems, Incorporated sits in the stronger part of the group on growth, while SAP SE is closer to mid-pack.
Stability
Both profiles are strong on stability, but SAP SE leads clearly.
Growth — Dominant Gap
BSY
50
SAP.DE
19
Gap+31in favour of BSY

The clearest distance comes from a stronger growth profile.

What keeps the gap from being one-sided

Bentley Systems, Incorporated still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both growth and stability — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the BSY vs SAP.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how BSY and SAP.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.