MITKMitek Systems, Inc.

$17.71+90% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 37 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. Mitek Systems, Inc. scores higher than 33% of the 2,291 companies Ryufin scores.

Carried by valuation and earnings quality, held back by return on new capital and return on capital.

Technology median 43 · all companies 54

Valuation

26% of the score

72median 50

Mitek Systems, Inc. is valued at 17.3x its operating profit before acquisition amortisation (EBITA), including debt: an ordinary multiple.

60x
50x
35x
25x
18x
12x
8x
17.3x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

18median 23

Over 7 years the business earned 4.5% a year after tax on the capital it uses.

2%
8%
15%
25%
4.5%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 5.7%

Return on new capital

16% of the score

1median 33

Over 6 years yearly profit fell by 5 cents for every dollar earned. New capital earned -3%, and 162% of profit went back into the business.

-5%
12%
-4.8%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

28median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 2% a year over 5 years: new shares
38
5%
-3%
2%
0 pointsfull points
Assets against salesAssets grew 22% a year, sales 12%
15
12%
-2%
10%
0 pointsfull points

Cycle position

12% of the score

0median 63

Today's operating margin of 18% is 2.23x its normal 8%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
2.2x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 18%

Balance sheet

8% of the score

66median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 5x
32
1.5x
12x
4.9x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 5.90x profit over 3 years
100
0.7x
1x
1.3x
5.9x
0 pointsfull points
AccrualsCash ran ahead of profit by 10.7% of assets
100
8%
0%
-8%
-11%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.