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MITEK SYSTEMS INC MITK

Nasdaq · stock · Computer Peripheral Equipment, NEC · website · IPO 1989-01-03 · LEI

MITEK SYSTEMS INC statistics & valuation

Market cap$871.1M
P / E99.0×
P / S4.8×
P / B3.6×
P / FCF16.1×
Net margin4.9%
FCF margin30.2%
Net cash$1.9M
Net debt / EBITDA-0.1×
Enterprise value USD$869.2M
EV / EBITDA48×
Earnings yield EBIT/EV1.9%
Return on capital6.7%
Graham number -74.8%$4.68

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($4.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 31.00% -18.60% -0.90% 7.70% 6.70% 2.60% 4.70% 1.90% 4.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
5.30% 6.10% -12.30% -5.40% 8.80% 11.10% 8.40% 9.00% 1.30% 9.30% 2016201720182019202020212022202320242025
Return on equity (%)
5.00% 22.90% -12.40% -0.70% 5.90% 4.10% 2.20% 3.90% 1.50% 3.70% 2016201720182019202020212022202320242025
Shares outstanding
33.8M 35.5M 38.0M 40.4M 42.5M 45.1M 45.8M 46.5M 47.5M 46.9M 2016201720182019202020212022202320242025
Net debt ($)
-$90.8M -$1.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.00% 19.60% -9.30% -0.50% 4.60% 1.90% 1.00% 2.00% 0.80% 1.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
21.90% 21.90% 2.10% 15.60% 23.00% 30.00% 13.80% 17.70% 17.60% 30.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.01× 0.63× 2016201720182019202020212022202320242025
EPS ($)
$0.06 $0.40 -$0.33 -$0.02 $0.18 $0.18 $0.08 $0.17 $0.07 $0.19 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MITEK SYSTEMS INC trades at about 97.7× earnings — above its 10-year norm (10-year range 22.2×–141.4×, median 69.2×).

22.2× 141.4×

Shaded band = 10-year range (22.2×–141.4×); dot = today's 97.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin9.3%1.3%9.0%8.4%11.1%8.8%-5.4%-12.3%6.1%5.3%
Net margin4.9%1.9%4.7%2.6%6.7%7.7%-0.9%-18.6%31.0%5.6%
FCF margin30.2%17.6%17.7%13.8%30.0%23.0%15.6%2.1%21.9%21.9%
Return on assets1.9%0.8%2.0%1.0%1.9%4.6%-0.5%-9.3%19.6%4.0%
Return on equity3.7%1.5%3.9%2.2%4.1%5.9%-0.7%-12.4%22.9%5.0%
Debt / equity0.63×0.01×
Current ratio1.194.393.692.845.203.452.701.845.344.84

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.