MITK

Mitek Systems Inc

Price:

8.47

USD

Volume:

561,288.00

United States | Software

-143.05 %

Upside

As of 2024-09-14, the Fair Value of Mitek Systems Inc (MITK) is -3.65 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 8.47 USD, the upside of Mitek Systems Inc is -143.05%.

Note: valuation result may not be accurate due to the company's negative EPS.

8.47 USD

Stock Price

-3.65 USD

Fair Price

Peter Lynch's formula is:

MITK Fair Value

= Earnings Growth Rate x TTM EPS
MITK Fair Value

= 25.00 x -0.15
MITK Fair Value

= -3.65
The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings | ||||||

2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 5Y Avg | |

Net income | -0.70 | 7.80 | 8.00 | 3.00 | 8.03 | 5.23 |

YoY growth | 94.07% | 1,214.29% | 2.56% | -62.50% | 167.57% | 283.20% |

Market Cap (mil) | 391.31 |

P/E | |

Forward P/E | 38.89x |

EPS | -0.15 |

Avg earnings growth rate | 283.20% |

TTM earnings | -6.74 |