Mitek SystemsFRA:MKQ -4.33%78 Quick Ratio is 2.61 as of Mar. 2026, which is 25% below its 10-year median of 3.50. 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 2,865 Software companies, Mitek Systems ranks better than 69.46% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Mitek Systems's quick ratio for the quarter that ended in Mar. 2026 was 2.61.
Mitek Systems has a quick ratio of 2.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mitek Systems's Quick Ratio or its related term are showing as below:
FRA:MKQ'
s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 3.5 Max: 8.43
Current: 2.61
During the past 13 years, Mitek Systems's highest Quick Ratio was 8.43. The lowest was 1.04. And the median was 3.50.
FRA:MKQ's Quick Ratio is ranked better than 69.46% of 2865
companies
in the Software industry
Industry Median: 1.7
vs FRA:MKQ: 2.61
Mitek Systems (FRA:MKQ) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Mitek Systems Quick Ratio Related Terms
Mitek Systems Quick Ratio Historical Data
* Premium members only.
The historical data trend for Mitek Systems's Quick Ratio 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: Quick Ratio Comparison
For the Software - Application subindustry, Mitek Systems's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Software Industry
For the Software industry and Technology sector, Mitek Systems's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Mitek Systems's Quick Ratio for the fiscal year that ended in Sep. 2025 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 (FRA:MKQ) has a Quick Ratio of 2.61 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mitek Systems and its competitors. This is 25% below median its historical median of 3.50. Over the past decade, Mitek Systems' Quick Ratio has ranged from 1.04 to 8.43. According to the industry distribution chart, Mitek Systems ranks #875 out of 2865 companies in the Software industry, placing it in the top 30.5%.
Is Mitek Systems' Quick Ratio too high?
Mitek Systems' current Quick Ratio of 2.61 is 25% below median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 8.43. The Software industry median Quick Ratio is 1.70. Mitek Systems' value of 2.61 is 53.5% above this industry median. Based on the distribution chart, Mitek Systems ranks #875 out of 2865 companies in the Software industry, which is above the industry midpoint. 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' Quick Ratio compare to RDVT and GTM?
According to the Software industry distribution chart, Mitek Systems ranks #875 out of 2865 companies for Quick Ratio. This puts Mitek Systems in the upper half of its industry. The industry median Quick Ratio is 1.70. Mitek Systems' value of 2.61 is 53.5% above this benchmark. Historically, Mitek Systems' own Quick Ratio has ranged from 1.04 to 8.43 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 1.70, 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 Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,865 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current Quick Ratio of 2.61 is 53.5% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mitek Systems and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current Quick Ratio is 2.61, which is 25% below median its own 10-year median of 3.50. 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 Quick Ratio is 2.61, which is 25% below median its 10-year median of 3.50 and 53.5% above the Software industry median of 1.70. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current Quick Ratio is 2.61 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:
Quick Ratio: 2.61 (25% below median its 10-year median of 3.50)
GF Value™: €9.98 vs. price of €17.22 (72.5% above fair value)
Industry Position: 53.5% above the Software median (#875 of 2865)
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
Get the complete analysis for FRA:MKQ
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:MKQ has been successfully added to your 
