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Mitek SystemsMITK +0.22%80 Cash Ratio is 1.63 as of Jun. 2026, which is 33% below its 10-year median of 2.42. 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 2,794 Software companies, Mitek Systems ranks better than 72.01% on this metric.
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Mitek Systems Cash Ratio Related Terms
Mitek Systems Cash Ratio Historical Data
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The historical data trend for Mitek Systems's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Mitek Systems's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Cash Ratio vs Software Industry
For the Software industry and Technology sector, Mitek Systems's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mitek Systems (MITK) has a Cash Ratio of 1.63 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Mitek Systems and its competitors. This is 33% below median its historical median of 2.42. Over the past decade, Mitek Systems' Cash Ratio has ranged from 0.70 to 7.54. According to the industry distribution chart, Mitek Systems ranks #782 out of 2794 companies in the Software industry, placing it in the top 28%.
Is Mitek Systems' Cash Ratio too high?
Mitek Systems' current Cash Ratio of 1.63 is 33% below median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 7.54. The Software industry median Cash Ratio is 0.78. Mitek Systems' value of 1.63 is 109% above this industry median. Based on the distribution chart, Mitek Systems ranks #782 out of 2794 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' Cash Ratio compare to DJCO and PD?
According to the Software industry distribution chart, Mitek Systems ranks #782 out of 2794 companies for Cash Ratio. This puts Mitek Systems in the upper half of its industry. The industry median Cash Ratio is 0.78. Mitek Systems' value of 1.63 is 109% above this benchmark. Historically, Mitek Systems' own Cash Ratio has ranged from 0.70 to 7.54 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 0.78, 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 Cash Ratio for a Software company?
The median Cash Ratio among Software companies is 0.78, based on 2,794 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current Cash Ratio of 1.63 is 109% 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 Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Mitek Systems and its competitors. For the Software industry, the median Cash Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current Cash Ratio is 1.63, which is 33% below median its own 10-year median of 2.42. 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 Cash Ratio is 1.63, which is 33% below median its 10-year median of 2.42 and 109% above the Software industry median of 0.78. 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 Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Mitek Systems (MITK), the current Cash Ratio is 1.63 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:
Cash Ratio: 1.63 (33% below median its 10-year median of 2.42)
GF Value™: $11.51 vs. price of $18.56 (61.3% above fair value)
Industry Position: 109% above the Software median (#782 of 2794)
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.
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