Mitek SystemsFRA:MKQ -4.33%78 Gross Margin % is 84.40% as of Mar. 2026, which is 2% below its 10-year median of 86.52. GuruFocus rates FRA:MKQ with a GF Score™ of 78/100 and a GF Value™ of €9.98 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,681 Software companies, Mitek Systems ranks better than 91.09% on this metric.
The historical rank and industry rank for Mitek Systems's Gross Margin % or its related term are showing as below:
FRA:MKQ'
s Gross Margin % Range Over the Past 10 Years
Min: 83.5 Med: 86.52 Max: 91.1
Current: 83.5
During the past 13 years, the highestGross Margin % of Mitek Systems was 91.10%. The lowest was 83.50%. And the median was 86.52%.
FRA:MKQ's Gross Margin % is ranked better than 91.09% of 2681
companies
in the Software industry
Industry Median: 40.41
vs FRA:MKQ: 83.50
Mitek Systems had a gross margin of 84.40% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mitek Systems was -0.50% per year.
Mitek Systems (FRA:MKQ) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Mitek Systems had a gross margin of 84.40% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Mitek Systems Gross Margin % Related Terms
Mitek Systems Gross Margin % Historical Data
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The historical data trend for Mitek Systems's Gross Margin % 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.
FRA:MKQ vs RDVT, GTM, IBTA: Gross Margin % Comparison
For the Software - Application subindustry, Mitek Systems's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Software Industry
For the Software industry and Technology sector, Mitek Systems's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Mitek Systems (FRA:MKQ) has a Gross Margin % of 84.40% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Mitek Systems and its competitors. This is near median its historical median of 86.52. Over the past decade, Mitek Systems' Gross Margin % has ranged from 83.50 to 91.10. According to the industry distribution chart, Mitek Systems ranks #239 out of 2681 companies in the Software industry, placing it in the top 8.9%.
Is Mitek Systems' Gross Margin % too high?
Mitek Systems' current Gross Margin % of 84.40% is near median its 10-year median of 86.52. Over the past 10 years, this metric has ranged from a low of 83.50 to a high of 91.10. The Software industry median Gross Margin % is 40.41. Mitek Systems' value of 84.40% is 108.9% above this industry median. Based on the distribution chart, Mitek Systems ranks #239 out of 2681 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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' Gross Margin % compare to RDVT and GTM?
According to the Software industry distribution chart, Mitek Systems ranks #239 out of 2681 companies for Gross Margin %. This places Mitek Systems in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.41. Mitek Systems' value of 84.40% is 108.9% above this benchmark. Historically, Mitek Systems' own Gross Margin % has ranged from 83.50 to 91.10 over the past decade. While the company's 10-year median is 86.52 vs. the industry median of 40.41, 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 Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.41, based on 2,681 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current Gross Margin % of 84.40% is 108.9% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Mitek Systems and its competitors. For the Software industry, the median Gross Margin % is 40.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current Gross Margin % is 84.40%, which is near median its own 10-year median of 86.52. 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 €9.98, compared to a current price of €17.22 — trading 72.5% above its estimated fair value. The current Gross Margin % is 84.40%, which is near median its 10-year median of 86.52 and 108.9% above the Software industry median of 40.41. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current Gross Margin % is 84.40% 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 €17.22 is trading 72.5% above its estimated GF Value™ of €9.98.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for FRA:MKQ:
Gross Margin %: 84.40% (near median its 10-year median of 86.52)
GF Value™: €9.98 vs. price of €17.22 (72.5% above fair value)
Industry Position: 108.9% above the Software median (#239 of 2681)
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 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
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