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Mitek Systems MITK
$ 17.7 0.25%
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Quarterly report 2026-Q3
added 08-06-2026

Mitek Systems Financial Ratios 2025-2009 | MITK

Brief overview of Mitek Systems's valuation multiples

This overview follows the five latest available observations from 2021 through 2025.

The latest available valuation ratios are P/E 48.96x (median 123.26x), EV/EBITDA 27.38x (median 45.35x), P/S 2.4x (median 3.14x). Multiples are on average 39.6% below their own medians. Shares look cheaper than their recent historical valuation.

The inverse P/E implies an earnings yield of 2%. This is not a dividend yield, but current earnings relative to market price.

Capital efficiency is characterized by ROE 3.7%, ROA 1.9%, ROCE 7%. Business quality is below comfortable levels on current returns. Better margins or turnover are needed.

Current PEG is 0.48x; the market pays comparatively little per unit of expected growth.

The time from paying for inputs to receiving cash rose from -76 days to 69.6 days. Cash turnover slowed.

Conclusion

Mitek Systems's multiples look low against history, but fundamental returns do not yet provide convincing support.

Annual Financial Ratios Mitek Systems

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

P/E

49.0 132.8 70.2 123.3 254.6 348.5 -528.7 -24.4 20.8 106.4 39.9 -16.7 -19.9 -9.9 -1778.2 -19.6 -

P/S

2.4 2.5 3.3 3.1 24.5 29.1 4.5 4.5 6.5 6.0 4.0 4.6 9.8 8.6 21.7 2.6 -

EPS

0.2 0.1 0.2 0.1 0.1 0.1 -0.0 -0.3 0.4 0.1 0.1 -0.2 -0.3 -0.3 -0.0 -0.0 -

EV (Enterprise Value)

495 M 541 M 705 M 617 M 992 M 772 M 395 M 310 M 291 M 208 M 106 M 87.7 M 128 M 74.3 M 219 M 14.1 M -674 K

EBITDA per Share

0.4 0.09 0.38 0.3 0.14 0.07 0.367 0.142 0.183 0.171 0.126 -0.162 -0.254 -0.304 0.0203 -0.01 -

EV/EBITDA

27.4 134.2 40.8 45.3 63.6 21.3 25.3 54.9 46.5 37.0 25.3 -16.3 -17.4 -9.3 497.4 -66.6 -

PEG

0.48 7.93 1.1 2.28 7.81 17.61 -5.63 0.14 0.04 -4.36 0.27 -0.48 -1.23 0.0 -23.71 - -

P/B

1.8 2.0 2.7 2.7 4.1 5.7 3.6 3.0 4.8 5.3 3.3 3.7 5.6 5.7 12.3 13.3 -

P/CF

7.8 13.7 17.8 21.6 21.3 31.3 29.0 218.0 29.4 27.4 16.7 -33.9 -68.5 -36.8 1988.9 -16.6 -

ROE %

3.66 1.53 3.91 2.16 1.62 1.64 -0.67 -12.38 22.95 4.96 8.30 -22.10 -28.28 -57.83 -0.69 -68.14 -

ROA %

1.92 0.79 1.98 1.01 0.74 1.28 -0.53 -9.29 19.65 4.05 6.52 -17.01 -22.15 -46.88 -0.63 -22.68 -

ROCE %

6.99 1.04 7.59 7.14 2.50 1.16 5.21 0.41 8.24 9.99 10.40 -21.73 -27.00 -57.86 1.42 -38.31 -

Current Ratio

2.1 2.1 2.0 1.9 1.8 4.6 2.7 1.8 5.3 4.8 4.2 4.5 5.4 4.5 10.8 1.5 -

DSO

69.6 67.7 72.0 66.2 181.0 214.6 74.6 96.6 57.1 52.1 56.6 56.3 36.9 44.0 105.1 43.6 -

DIO

- - - - - - - - - - - - - - 64.9 - -

DPO

- - 365.6 269.3 257.0 329.2 105.8 150.1 173.2 141.7 227.1 304.6 427.0 205.6 111.8 - -

Operating Cycle

69.6 67.7 72.0 66.2 181.0 214.6 74.6 96.6 57.1 52.1 56.6 56.3 36.9 44.0 170.0 43.5 -

Cash Conversion Cycle

69.6 67.7 -293.6 -203.1 -76.0 -114.5 -31.2 -53.5 -116.2 -89.6 -170.5 -248.2 -390.1 -161.6 58.2 43.5 -

All numbers in USD currency

Quarterly Financial Ratios Mitek Systems

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

0.19 0.21 0.06 0.06 - 0.05 0.2 -0.1 - - 0.01 -0.13 - -0.01 0.11 0.11 0.11 0.02 0.01 0.07 0.14 0.07 0.02 0.05 0.12 0.03 0.05 0.01 0.08 - 0.01 -0.08 -0.06 -0.08 -0.08 -0.17 0.38 0.02 0.04 -0.02 0.03 0.02 0.02 -0.01 - 0.03 -0.01 - - -0.05 - -0.05 -0.05 -0.08 -0.05 -0.05 -0.19 -0.08 -0.05 - - 0.01 -

EBITDA per Share

0.28 0.32 0.13 0.13 - 0.16 0.33 -0.06 - 0.09 0.1 -0.14 - 0.13 0.29 0.19 0.26 0.13 0.11 0.11 0.24 0.17 0.09 0.05 0.17 0.05 0.05 0.02 0.14 -0.06 0.02 -0.11 -0.03 -0.07 -0.11 -0.06 0.06 0.02 -0.07 -0.02 0.04 0.03 -0.02 -0.01 0.04 0.02 -0.01 0.01 0.01 -0.05 0.01 -0.04 -0.05 -0.07 -0.04 -0.05 -0.19 -0.07 -0.05 - 0.03 0.02 -

ROE %

9.69 7.36 7.54 4.06 2.87 2.97 2.09 -4.77 -2.48 -2.68 -0.24 2.09 4.80 7.71 7.79 5.48 4.68 4.98 6.69 6.99 6.86 7.43 6.80 7.79 6.76 6.04 5.00 3.97 0.13 -5.16 -7.98 -11.82 -16.40 6.78 10.69 6.11 12.51 -6.01 -5.14 1.25 1.74 2.45 3.59 4.07 5.68 2.55 -7.28 -5.62 -12.04 -17.77 -18.92 -25.24 -29.94 -59.85 -66.70 -71.02 -60.34 -24.19 -7.57 2.61 0.52 1.80 0.15

ROA %

6.19 4.45 3.93 2.14 1.52 1.58 -0.39 -2.64 -1.48 -0.19 -0.25 0.98 2.41 3.78 3.83 2.65 2.20 2.30 3.07 3.20 3.64 5.13 5.22 6.26 5.41 4.87 4.00 3.14 0.23 -3.86 -5.98 -8.90 -12.82 6.79 9.84 4.35 9.50 -6.46 -5.79 0.96 1.45 1.93 2.77 3.19 4.46 2.00 -5.62 -4.32 -9.30 -13.79 -14.78 -19.72 -22.77 -47.18 -52.94 -56.60 -48.90 -19.54 -5.89 2.37 0.48 1.64 0.13

ROCE %

14.92 11.92 11.42 7.56 5.23 5.58 4.30 -4.09 -2.56 -1.70 2.23 6.27 9.50 15.71 15.36 12.53 10.74 9.38 11.76 11.58 10.09 9.83 7.96 7.77 6.95 6.58 2.96 2.15 -2.89 -8.54 -8.93 -13.97 -12.39 -8.14 -4.35 -2.78 -1.27 -1.96 -0.99 0.50 1.10 2.13 1.39 1.97 3.59 0.16 -7.75 -6.07 -12.50 -17.96 -19.07 -25.39 -30.09 -60.17 -67.07 -71.39 -60.67 -22.19 -5.49 4.72 2.66 1.80 0.13

Current Ratio

3.1 3.0 2.1 2.1 2.1 2.1 2.1 2.0 2.1 2.0 - 2.1 2.0 2.0 2.0 2.0 1.9 1.9 1.9 1.9 1.9 1.8 1.9 5.0 4.6 4.6 4.6 4.1 4.8 4.8 4.8 4.1 4.0 4.0 4.0 5.4 7.0 7.0 7.0 6.9 5.4 5.4 5.4 4.8 4.7 4.7 4.7 4.4 4.3 4.3 4.3 4.5 4.6 4.6 4.6 3.6 5.3 5.3 5.3 8.3 11.1 11.1 11.1

DSO

97.6 79.2 65.9 70.9 - 89.8 72.2 78.4 - 95.0 84.8 83.3 - 86.2 63.5 56.0 24.6 62.1 55.4 47.1 18.6 50.5 46.5 49.8 46.5 56.1 50.0 57.5 54.5 62.2 57.4 76.5 73.0 95.3 71.8 47.9 50.2 54.9 47.5 51.6 46.7 49.6 45.2 50.4 45.7 55.8 45.9 54.8 48.6 57.9 49.2 44.5 31.1 35.1 31.9 37.5 12.7 31.7 57.4 78.1 37.9 92.7 -

DPO

- - - - - - - - - - - - - - - - - - - - 73.3 68.8 71.9 81.4 99.7 102.0 117.1 121.7 100.5 102.4 123.0 128.1 121.9 121.8 173.7 137.7 153.8 148.1 181.3 138.2 127.9 151.7 185.6 152.5 170.1 237.4 243.2 296.4 314.5 269.0 337.9 273.0 454.0 364.6 331.6 250.7 - - - - - - -

Operating Cycle

- - - 70.9 - 89.8 72.2 78.4 - 95.0 84.8 83.3 - 86.2 63.5 56.0 24.6 62.1 55.4 47.1 18.6 50.5 46.5 49.8 46.5 56.1 50.0 57.5 54.5 62.2 57.4 76.5 73.0 95.3 71.8 47.9 50.2 54.9 47.5 51.6 46.7 49.6 45.2 50.4 45.7 55.8 45.9 54.8 48.6 57.9 49.2 44.5 31.1 35.1 31.9 37.5 12.7 31.7 57.4 78.1 37.9 92.7 -

Cash Conversion Cycle

- - - 70.9 - 89.8 72.2 78.4 - 95.0 84.8 83.3 - 86.2 63.5 56.0 24.6 62.1 55.4 47.1 -54.8 -18.3 -25.4 -31.6 -53.2 -46.0 -67.1 -64.2 -46.0 -40.2 -65.6 -51.6 -49.0 -26.5 -101.8 -89.8 -103.6 -93.2 -133.8 -86.5 -81.2 -102.1 -140.4 -102.2 -124.4 -181.7 -197.2 -241.6 -265.9 -211.1 -288.7 -228.5 -422.9 -329.5 -299.8 -213.1 12.7 31.7 57.4 78.1 37.9 92.7 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Mitek Systems, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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