Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mitek SystemsMITK -0.31%80 Price-to-Tangible-Book is 9.63 as of Aug. 28, 2026. GuruFocus rates MITK with a GF Score™ of 80/100 and a GF Value™ of $11.49 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,199 Software companies, Mitek Systems ranks worse than 81.31% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Mitek Systems Price-to-Tangible-Book Related Terms
Mitek Systems Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Mitek Systems's Price-to-Tangible-Book 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.
MITK vs DJCO, PD, RSKD: Price-to-Tangible-Book Comparison
For the Software - Application subindustry, Mitek Systems's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Software Industry
For the Software industry and Technology sector, Mitek Systems's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Mitek Systems (MITK) has a Price-to-Tangible-Book of 9.63 as of Aug. 28, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Mitek Systems and its competitors. According to the industry distribution chart, Mitek Systems ranks #1788 out of 2199 companies in the Software industry, placing it in the top 81.3%.
Is Mitek Systems' Price-to-Tangible-Book too high?
Mitek Systems' current Price-to-Tangible-Book is 9.63. The Software industry median Price-to-Tangible-Book is 3.36. Mitek Systems' value of 9.63 is 186.6% above this industry median. Based on the distribution chart, Mitek Systems ranks #1788 out of 2199 companies in the Software industry, which is in the bottom quartile relative to peers. 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' Price-to-Tangible-Book compare to DJCO and PD?
According to the Software industry distribution chart, Mitek Systems ranks #1788 out of 2199 companies for Price-to-Tangible-Book. This places Mitek Systems in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.36. Mitek Systems' value of 9.63 is 186.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.36, based on 2,199 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current Price-to-Tangible-Book of 9.63 is 186.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Mitek Systems and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current Price-to-Tangible-Book is 9.63. 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 $11.49, compared to a current price of $19.15 — trading 66.7% above its estimated fair value. The current Price-to-Tangible-Book is 9.63 and 186.6% above the Software industry median of 3.36. 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 Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Mitek Systems (MITK), the current Price-to-Tangible-Book is 9.63 as of Aug. 28, 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 $19.15 is trading 66.7% above its estimated GF Value™ of $11.49.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for MITK:
Price-to-Tangible-Book: 9.63
GF Value™: $11.49 vs. price of $19.15 (66.7% above fair value)
Industry Position: 186.6% above the Software median (#1788 of 2199)
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.
80GF Score
Get the complete analysis for MITK
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MITK has been successfully added to your 
