MITK Relative Valuation
MITK's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MITK is overvalued; if below, it's undervalued.
Historical Valuation
Mitek Systems Inc (MITK) is now in the Undervalued zone, suggesting that its current forward PE ratio of 9.27 is considered Undervalued compared with the five-year average of 14.26. The fair price of Mitek Systems Inc (MITK) is between 12.29 to 20.31 according to relative valuation methord. Compared to the current price of 9.29 USD , Mitek Systems Inc is Undervalued By 24.39%.
Relative Value
Fair Zone
12.29-20.31
Current Price：9.29
24.39%
Undervalued
9.27
PE
1Y
3Y
5Y
Trailing
Forward
8.19
EV/EBITDA
Mitek Systems Inc. (MITK) has a current EV/EBITDA of 8.19. The 5-year average EV/EBITDA is 12.98. The thresholds are as follows: Strongly Undervalued below 5.52, Undervalued between 5.52 and 9.25, Fairly Valued between 16.71 and 9.25, Overvalued between 16.71 and 20.44, and Strongly Overvalued above 20.44. The current Forward EV/EBITDA of 8.19 falls within the Undervalued range.
29.93
EV/EBIT
Mitek Systems Inc. (MITK) has a current EV/EBIT of 29.93. The 5-year average EV/EBIT is 30.85. The thresholds are as follows: Strongly Undervalued below -30.45, Undervalued between -30.45 and 0.20, Fairly Valued between 61.49 and 0.20, Overvalued between 61.49 and 92.14, and Strongly Overvalued above 92.14. The current Forward EV/EBIT of 29.93 falls within the Historic Trend Line -Fairly Valued range.
2.28
PS
Mitek Systems Inc. (MITK) has a current PS of 2.28. The 5-year average PS is 3.49. The thresholds are as follows: Strongly Undervalued below 0.70, Undervalued between 0.70 and 2.09, Fairly Valued between 4.88 and 2.09, Overvalued between 4.88 and 6.27, and Strongly Overvalued above 6.27. The current Forward PS of 2.28 falls within the Historic Trend Line -Fairly Valued range.
9.72
P/OCF
Mitek Systems Inc. (MITK) has a current P/OCF of 9.72. The 5-year average P/OCF is 11.61. The thresholds are as follows: Strongly Undervalued below -9.15, Undervalued between -9.15 and 1.23, Fairly Valued between 21.99 and 1.23, Overvalued between 21.99 and 32.38, and Strongly Overvalued above 32.38. The current Forward P/OCF of 9.72 falls within the Historic Trend Line -Fairly Valued range.
10.01
P/FCF
Mitek Systems Inc. (MITK) has a current P/FCF of 10.01. The 5-year average P/FCF is 14.11. The thresholds are as follows: Strongly Undervalued below -5.62, Undervalued between -5.62 and 4.24, Fairly Valued between 23.97 and 4.24, Overvalued between 23.97 and 33.84, and Strongly Overvalued above 33.84. The current Forward P/FCF of 10.01 falls within the Historic Trend Line -Fairly Valued range.
Mitek Systems Inc (MITK) has a current Price-to-Book (P/B) ratio of 1.78. Compared to its 3-year average P/B ratio of 2.25 , the current P/B ratio is approximately -20.82% higher. Relative to its 5-year average P/B ratio of 2.86, the current P/B ratio is about -37.62% higher. Mitek Systems Inc (MITK) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 6.45%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 5.72% , the current FCF yield is about -100.00% lower.
1.78
P/B
Median3y
2.25
Median5y
2.86
13.23
FCF Yield
Median3y
6.45
Median5y
5.72
Competitors Valuation Multiple
The average P/S ratio for MITK's competitors is , providing a benchmark for relative valuation. Mitek Systems Inc Corp (MITK) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 1.67%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of MITK decreased by 16.53% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 0.48 to 5.24.
The secondary factor is the Revenue Growth, contributed 1.67%to the performance.
Overall, the performance of MITK in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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