MITK
Mitek Systems Inc
Price:  
12.88 
USD
Volume:  
473,240.00
United States | Software
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MITK Fair Value

-130.64 %
Upside

As of 2024-05-28, the Fair Value of Mitek Systems Inc (MITK) is -3.95 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 12.88 USD, the upside of Mitek Systems Inc is -130.64%.

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

12.88 USD
Stock Price
-3.95 USD
Fair Price
FAIR VALUE CALCULATION

MITK Fair Value

Peter Lynch's formula is:

MITK Fair Value
= Earnings Growth Rate x TTM EPS
MITK Fair Value
= 25.00 x -0.16
MITK Fair Value
= -3.95

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%

MITK Fair Value - Key Data

Market Cap (mil) 602.66
P/E
Forward P/E 59.99x
EPS -0.16
Avg earnings growth rate 283.20%
TTM earnings -7.38