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Mitek SystemsMITK +0.22%80 3-Year Book Growth Rate is 11.20% as of Jun. 2026, which is at its 10-year median of 11.20. GuruFocus rates MITK with a GF Score™ of 80/100 and a GF Value™ of $11.51 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,499 Software companies, Mitek Systems ranks better than 65.31% on this metric.
During the past 12 months, Mitek Systems's average Book Value per Share Growth Rate was 6.60% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 11.20% per year.
During the past 5 years, the average Book Value per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value per Share Growth Rate was 17.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Mitek Systems was 302.60% per year. The lowest was -59.50% per year. And the median was 11.20% per year.
Mitek Systems (NAS:MITK) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Mitek Systems 3-Year Book Growth Rate Related Terms
MITK vs DJCO, PD, RSKD: 3-Year Book Growth Rate Comparison
For the Software - Application subindustry, Mitek Systems's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mitek Systems 3-Year Book Growth Rate vs Software Industry
For the Software industry and Technology sector, Mitek Systems's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Mitek Systems's 3-Year Book Growth Rate falls into.
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
What does a 3-Year Book Growth Rate of 11.20% mean?
Mitek Systems (MITK) has a 3-Year Book Growth Rate of 11.20% as of Jun. 2026. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Mitek Systems and its competitors. This is near median its historical median of 11.20. According to the industry distribution chart, Mitek Systems ranks #867 out of 2499 companies in the Software industry, placing it in the top 34.7%.
Is Mitek Systems' 3-Year Book Growth Rate too high?
Mitek Systems' current 3-Year Book Growth Rate of 11.20% is near median its 10-year median of 11.20. The Software industry median 3-Year Book Growth Rate is 5.40. Mitek Systems' value of 11.20% is 107.4% above this industry median. Based on the distribution chart, Mitek Systems ranks #867 out of 2499 companies in the Software industry, which is above the industry midpoint. Overall, Mitek Systems has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' 3-Year Book Growth Rate compare to DJCO and PD?
According to the Software industry distribution chart, Mitek Systems ranks #867 out of 2499 companies for 3-Year Book Growth Rate. This puts Mitek Systems in the upper half of its industry. The industry median 3-Year Book Growth Rate is 5.40. Mitek Systems' value of 11.20% is 107.4% above this benchmark. While the company's 10-year median is 11.20 vs. the industry median of 5.40, Mitek Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Book Growth Rate for a Software company?
The median 3-Year Book Growth Rate among Software companies is 5.40, based on 2,499 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Book Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Book Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current 3-Year Book Growth Rate of 11.20% is 107.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Book Growth Rate mean?
A high 3-Year Book Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Mitek Systems and its competitors. For the Software industry, the median 3-Year Book Growth Rate is 5.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current 3-Year Book Growth Rate is 11.20%, which is near median its own 10-year median of 11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitek Systems stock overvalued right now?
Based on GuruFocus' analysis, Mitek Systems (MITK) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.51, compared to a current price of $18.56 — trading 61.3% above its estimated fair value. The current 3-Year Book Growth Rate is 11.20%, which is near median its 10-year median of 11.20 and 107.4% above the Software industry median of 5.40. Mitek Systems' overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Book Growth Rate calculated?
3-Year Book Growth Rate is calculated from a company's financial statements. For Mitek Systems (MITK), the current 3-Year Book Growth Rate is 11.20% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mitek Systems (MITK) Overvalued in 2026?
Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued.
The current stock price of $18.56 is trading 61.3% above its estimated GF Value™ of $11.51.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for MITK:
3-Year Book Growth Rate: 11.20% (near median its 10-year median of 11.20)
GF Value™: $11.51 vs. price of $18.56 (61.3% above fair value)
Industry Position: 107.4% above the Software median (#867 of 2499)
No single metric tells the full story. See the MITK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online, enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
80GF Score
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