Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mitek Systems's share price for the quarter that ended in Dec. 2023 was $13.04. Mitek Systems's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 46.6 Mil. Therefore, Mitek Systems's market cap for the quarter that ended in Dec. 2023 was $608.1 Mil.
Mitek Systems's quarterly market cap
declined
from Jun. 2023 ($493.3 Mil) to Sep. 2023 ($488.7 Mil) but then
increased
from Sep. 2023 ($488.7 Mil) to Dec. 2023 ($608.1 Mil).
Mitek Systems's annual market cap
declined
from Sep. 2021 ($817.1 Mil) to Sep. 2022 ($409.3 Mil) but then
increased
from Sep. 2022 ($409.3 Mil) to Sep. 2023 ($488.7 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Mitek Systems's Enterprise Value for Today is $610.3 Mil.
Mitek Systems Market Cap Historical Data
The historical data trend for Mitek Systems's Market Cap 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.
Competitive Comparison of Mitek Systems's Market Cap
For the Software - Application subindustry, Mitek Systems's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Mitek Systems's Market Cap distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Market Cap falls into.
Mitek Systems Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Mitek Systems's Market Cap for the fiscal year that ended in Sep. 2023 is calculated as
* 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 (NAS:MITK) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Mitek Systems Market Cap Related Terms
Thank you for viewing the detailed overview of Mitek Systems's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Mitek Systems (Mitek Systems) Business Description
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 is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek'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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