Mitek Systems (FRA:MKQ) Moat Score: 5/10 (As of Jul. 14, 2026)

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FRA:MKQ Mitek Systems Inc FRA:MKQ
78 GF Score
Price €16.51
GF Value €9.49
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Mitek Systems Moat Score?

Mitek Systems FRA:MKQ -1.26% 78 Moat Score is 5 as of Jul. 14, 2026. GuruFocus rates FRA:MKQ with a GF Score™ of 78/100 and a GF Value™ of €9.49 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,838 Software companies, Mitek Systems ranks better than 94.79% on this metric.

Mitek Systems has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Mitek Systems has Narrow Moat: Mitek Systems has a solid narrow moat due to its valuable intellectual property in mobile capture and identity verification technologies. It benefits from customer switching costs and a strong brand in its niche market, but lacks the scale and regulatory barriers to be considered a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Mitek Systems might have Narrow Moat - Solid narrow moat.

Mitek Systems  (FRA:MKQ) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Mitek Systems Moat Score Related Terms

FRA:MKQ vs RDVT, GTM, IBTA: Moat Score Comparison

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

For the Software industry and Technology sector, Mitek Systems's Moat Score distribution charts can be found below:

* The bar in red indicates where Mitek Systems's Moat Score falls into.


FRA:MKQ
78GF Score
Mitek Systems Inc FRA:MKQ
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Mitek Systems (FRA:MKQ) has a Moat Score of 5 as of Jul. 14, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Mitek Systems ranks #148 out of 2838 companies in the Software industry, placing it in the top 5.2%.
Is Mitek Systems' Moat Score too high?
Mitek Systems' current Moat Score is 5. Based on the distribution chart, Mitek Systems ranks #148 out of 2838 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' Moat Score compare to RDVT and GTM?
According to the Software industry distribution chart, Mitek Systems ranks #148 out of 2838 companies for Moat Score. This places Mitek Systems in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Mitek Systems's current Moat Score is 5. 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 €9.49, compared to a current price of €16.51 — trading 74% above its estimated fair value. The current Moat Score is 5. Mitek Systems' overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current Moat Score is 5 as of Jul. 14, 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 €16.51 is trading 74% above its estimated GF Value™ of €9.49. GuruFocus considers Mitek Systems to be Significantly Overvalued.

Key valuation signals for FRA:MKQ:

  • Moat Score: 5
  • GF Value™: €9.49 vs. price of €16.51 (74% above fair value)
  • GF Score™: 78/100 with 8 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

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

€16.51
Price
€9.49
GF Value