Mitek Systems, Inc. (MITK) Financial Ratios
30 years of historical data (1996–2025) · Technology · Software - Application
EV/EBITDA
↓
21.62
-7% vs avg
5yr avg: 23.28
30Y Low9.9·High94.9
P/FCF
↓
12.85
↓-22% vs avg
5yr avg: 16.51
30Y Low8.5·High191.4
P/B Ratio
↓
3.00
+15% vs avg
5yr avg: 2.61
30Y Low1.3·High130.5
ROE
↓
3.9%
↓+16% vs avg
5yr avg: 3.3%
30Y Low-399%·High60%
Debt/EBITDA
↓
4.81
↓-12% vs avg
5yr avg: 5.47
30Y Low0.1·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MITK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mitek Systems, Inc. trades at 80.8x earnings, 11% below its 5-year average of 91.2x, sitting at the 67th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a premium of 192%. On a free-cash-flow basis, the stock trades at 12.8x P/FCF, 22% below the 5-year average of 16.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $696M | $458M | $412M | $498M | $419M | $834M | $542M | $380M | $252M | $338M | $280M |
| Enterprise Value | $697M | $460M | $467M | $579M | $521M | $933M | $529M | $363M | $243M | $325M | $271M |
| P/E Ratio → | 80.84 | 51.42 | 125.47 | 63.06 | 113.51 | 102.78 | 70.78 | — | — | 23.75 | 138.17 |
| P/S Ratio | 3.87 | 2.55 | 2.39 | 2.89 | 2.90 | 6.96 | 5.35 | 4.49 | 3.97 | 7.44 | 8.08 |
| P/B Ratio | 3.00 | 1.91 | 1.92 | 2.43 | 2.45 | 4.33 | 4.10 | 3.54 | 2.65 | 5.50 | 7.10 |
| P/FCF | 12.85 | 8.46 | 13.60 | 16.30 | 20.97 | 23.20 | 23.24 | 28.79 | 191.41 | 33.91 | 36.87 |
| P/OCF | 12.58 | 8.28 | 12.99 | 15.77 | 19.86 | 22.34 | 22.46 | 26.64 | 44.88 | 32.32 | 35.70 |
P/E links to full P/E history page with 30-year chart
MITK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mitek Systems, Inc.'s enterprise value stands at 21.6x EBITDA, 7% below its 5-year average of 23.3x. The Technology sector median is 17.5x, placing the stock at a 24% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.56 | 2.71 | 3.36 | 3.60 | 7.79 | 5.22 | 4.29 | 3.83 | 7.17 | 7.82 |
| EV / EBITDA | 21.62 | 14.25 | 24.38 | 16.74 | 19.05 | 41.98 | 31.47 | 94.95 | — | 88.35 | 84.48 |
| EV / EBIT | 41.52 | 21.48 | 55.90 | 29.86 | 44.07 | 66.99 | 56.23 | — | — | 117.48 | 148.76 |
| EV / FCF | — | 8.48 | 15.43 | 18.97 | 26.08 | 25.95 | 22.69 | 27.52 | 184.56 | 32.67 | 35.68 |
MITK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mitek Systems, Inc. earns an operating margin of 9.3%. ROE of 3.9% is modest. ROIC of 4.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.1% | 85.1% | 85.8% | 86.7% | 86.2% | 87.9% | 87.0% | 85.5% | 86.3% | 91.1% | 90.2% |
| Operating Margin | 9.3% | 9.3% | 1.3% | 9.0% | 8.4% | 11.1% | 8.8% | -5.4% | -12.3% | 6.1% | 5.3% |
| Net Profit Margin | 4.9% | 4.9% | 1.9% | 4.7% | 2.6% | 6.7% | 7.7% | -0.9% | -18.6% | 31.0% | 5.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.9% | 3.9% | 1.6% | 4.3% | 2.0% | 4.9% | 6.5% | -0.7% | -15.1% | 27.9% | 5.6% |
| ROA | 2.0% | 2.0% | 0.8% | 2.1% | 0.9% | 2.7% | 5.1% | -0.6% | -11.9% | 23.5% | 4.5% |
| ROIC | 4.9% | 4.9% | 0.6% | 4.2% | 3.2% | 4.8% | 6.3% | -3.9% | -8.6% | 5.2% | 4.7% |
| ROCE | 5.4% | 5.4% | 0.6% | 4.6% | 3.5% | 5.1% | 6.8% | -4.1% | -9.2% | 5.4% | 5.1% |
MITK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mitek Systems, Inc. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (65% above the sector average of 2.9x). Net debt stands at $1M ($155M total debt minus $154M cash). Interest coverage of just 2.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.65 | 0.65 | 0.69 | 0.68 | 0.78 | 0.67 | 0.05 | — | — | — | — |
| Debt / EBITDA | 4.81 | 4.81 | 7.76 | 4.05 | 4.90 | 5.82 | 0.43 | — | — | — | — |
| Net Debt / Equity | — | 0.00 | 0.26 | 0.40 | 0.60 | 0.51 | -0.10 | -0.16 | -0.09 | -0.20 | -0.23 |
| Net Debt / EBITDA | 0.03 | 0.03 | 2.88 | 2.35 | 3.73 | 4.46 | -0.76 | -4.38 | — | -3.34 | -2.81 |
| Debt / FCF | — | 0.02 | 1.82 | 2.66 | 5.11 | 2.76 | -0.55 | -1.27 | -6.84 | -1.23 | -1.18 |
| Interest Coverage | 2.19 | 2.19 | 0.90 | 2.14 | 1.44 | 2.72 | — | — | — | — | — |
MITK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.19x means Mitek Systems, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.69x to 1.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 4.39 | 3.69 | 2.84 | 5.20 | 3.45 | 2.70 | 1.84 | 5.34 | 4.84 |
| Quick Ratio | 1.19 | 1.19 | 4.39 | 3.69 | 2.84 | 5.20 | 3.45 | 2.70 | 1.84 | 5.34 | 4.84 |
| Cash Ratio | 0.92 | 0.92 | 3.09 | 2.59 | 1.86 | 4.57 | 2.46 | 1.66 | 0.86 | 4.46 | 4.07 |
| Asset Turnover | — | 0.39 | 0.42 | 0.43 | 0.40 | 0.29 | 0.60 | 0.62 | 0.50 | 0.63 | 0.72 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 100.54 | 100.75 | 106.80 | 108.28 | 63.01 | 74.93 | 74.60 | 96.60 | 57.09 | 52.06 |
MITK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mitek Systems, Inc. returns 0.7% to shareholders annually primarily through share buybacks. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.9% | 0.8% | 1.6% | 0.9% | 1.0% | 1.4% | — | — | 4.2% | 0.7% |
| FCF Yield | 7.8% | 11.8% | 7.4% | 6.1% | 4.8% | 4.3% | 4.3% | 3.5% | 0.5% | 2.9% | 2.7% |
| Buyback Yield | 0.7% | 1.0% | 5.9% | 0.0% | 3.6% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.7% | 1.0% | 5.9% | 0.0% | 3.6% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $47M | $47M | $46M | $46M | $45M | $43M | $39M | $36M | $36M | $34M |
Peer Comparison
Compare MITK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MITKYou | $696M | 80.8 | 21.6 | 12.8 | 85.1% | 9.3% | 3.9% | 4.9% | 4.8 |
 ALKT | $2B | -37.9 | — | 45.1 | 57.8% | -12.1% | -13.3% | -8.6% | — |
 INTU | $114B | 29.8 | 20.5 | 18.7 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 IDAI | $3M | -0.2 | — | — | 65.4% | -303.9% | -298.6% | -219.6% | — |
 NCNO | $2B | -53.9 | 122.0 | 39.4 | 60.1% | -3.4% | -3.5% | -1.2% | 13.0 |
 QLYS | $3B | 17.5 | 13.5 | 11.0 | 82.8% | 33.2% | 38.2% | 47.5% | 0.4 |
 OSPN | $455M | 6.4 | 6.0 | 9.0 | 70.7% | 20.6% | 30.1% | 21.7% | 0.1 |
 VRNT | $1B | 19.7 | 9.5 | 8.7 | 71.3% | 11.7% | 6.3% | 5.3% | 2.9 |
 NICE | $6B | 9.9 | 6.6 | 8.2 | 66.4% | 21.9% | 16.4% | 13.2% | 0.2 |
 FIS | $24B | 63.0 | 7.7 | 10.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $30B | 9.0 | 6.6 | 7.0 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMITK — Frequently Asked Questions
Quick answers to the most common questions about buying MITK stock.
What is Mitek Systems, Inc.'s P/E ratio?
Mitek Systems, Inc.'s current P/E ratio is 80.8x. The historical average is 67.0x. This places it at the 67th percentile of its historical range.
What is Mitek Systems, Inc.'s EV/EBITDA?
Mitek Systems, Inc.'s current EV/EBITDA is 21.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 39.6x.
What is Mitek Systems, Inc.'s ROE?
Mitek Systems, Inc.'s return on equity (ROE) is 3.9%. The historical average is -44.4%.
Is MITK stock overvalued?
Based on historical data, Mitek Systems, Inc. is trading at a P/E of 80.8x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Mitek Systems, Inc.'s profit margins?
Mitek Systems, Inc. has 85.1% gross margin and 9.3% operating margin.
How much debt does Mitek Systems, Inc. have?
Mitek Systems, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.