Is Mitek Systems Inc (MITK) overvalued? · P/E 34, rev $172.1M
Mitek Systems Inc (MITK) is a software - application company listed on US.
This page asks whether Mitek Systems Inc (MITK) looks expensive on cached numbers — not a short thesis.
Latest reported MITK revenue for 2024-09-30 was $172.1M. Net income was $3.3M. Revenue was up 357.0% from 2023-09-30 to 2024-09-30. MITK currently screens at market cap $451.1M and trailing P/E 34.1.
MITK currently screens at market cap $451.1M and trailing P/E 34.1. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next MITK 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the MITK stock page for the full model, not this heading.
Not investment advice.