Mitek Systems (FRA:MKQ) EBIT: €28.0 Mil (TTM As of Mar. 2026)


FRA:MKQ Mitek Systems Inc FRA:MKQ
78 GF Score
Price €15.11
GF Value €8.73
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Mitek Systems EBIT?

Mitek Systems FRA:MKQ -1.88% 78 EBIT is €28.0 Mil as of Mar. 2026. GuruFocus rates FRA:MKQ with a GF Score™ of 78/100 and a GF Value™ of €8.73 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Mitek Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €12.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €28.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitek Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 12.50%. Mitek Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 434.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mitek Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.76%.


Mitek Systems  (FRA:MKQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mitek Systems's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=46.88 * ( 1 - 25.12% )/( (336.914 + 224.811)/ 2 )
=35.103744/280.8625
=12.50 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=381.271 - 13.619 - ( 162.324 - max(0, 173.455 - 204.193+162.324))
=336.914

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mitek Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=49.084/( ( (4.954 + max(-8.886, 0)) + (5.767 + max(11.888, 0)) )/ 2 )
=49.084/( ( 4.954 + 17.655 )/ 2 )
=49.084/11.3045
=434.20 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.273 + 0 + 4.606) - (13.619 + 21.526 + 5.62)
=-8.886

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(54.761 + 0 + 6.037) - (16.827 + 31.188 + 0.895)
=11.888

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mitek Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=28.015/744.679
=3.76 %

* 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 EBIT Related Terms


Mitek Systems EBIT Historical Data

* Premium members only.

The historical data trend for Mitek Systems's EBIT 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.

Mitek Systems EBIT Chart

Mitek Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.84 11.95 18.18 7.52 18.22

Mitek Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.54 4.87 4.95 5.93 12.27

FRA:MKQ vs PD, IBTA, RDVT: EBIT Comparison

For the Software - Application subindustry, Mitek Systems's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Mitek Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mitek Systems's EV-to-EBIT falls into.


FRA:MKQ
78GF Score
Mitek Systems Inc FRA:MKQ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitek Systems EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €28.0 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €28.0 Mil mean?
Mitek Systems (FRA:MKQ) has a EBIT of €28.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mitek Systems.
Is Mitek Systems' EBIT too high?
Mitek Systems' current EBIT is €28.0 Mil. Overall, Mitek Systems has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' EBIT compare to PD and IBTA?
Mitek Systems' EBIT of €28.0 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mitek Systems. Mitek Systems's current EBIT is €28.0 Mil. 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 (FRA:MKQ) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.73, compared to a current price of €15.11 — trading 73.1% above its estimated fair value. The current EBIT is €28.0 Mil. Mitek Systems' overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current EBIT is €28.0 Mil as of Mar. 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 (FRA:MKQ) Overvalued in 2026?

Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued. The current stock price of €15.11 is trading 73.1% above its estimated GF Value™ of €8.73. GuruFocus considers Mitek Systems to be Significantly Overvalued.

Key valuation signals for FRA:MKQ:

  • EBIT: €28.0 Mil
  • GF Value™: €8.73 vs. price of €15.11 (73.1% above fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the FRA:MKQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitek Systems Business Description

Other Exchanges MITK:USA0K1W:UK
Address 770 First Avenue, Suite 425, San Diego, CA, USA, 92101
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.
78GF Score

Get the complete analysis for FRA:MKQ

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€15.11
Price
€8.73
GF Value