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Mitek SystemsFRA:MKQ +2.06%78 ROC (Joel Greenblatt) % is 434.20% as of Mar. 2026, which is 207% above its 10-year median of 141.58. GuruFocus rates FRA:MKQ with a GF Score™ of 78/100 and a GF Value™ of €9.91 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,819 Software companies, Mitek Systems ranks better than 89.75% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Mitek Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 434.20%.
The historical rank and industry rank for Mitek Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MKQ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -295.76 Med: 141.58 Max: 525.93
Current: 329.52
During the past 13 years, Mitek Systems's highest ROC (Joel Greenblatt) % was 525.93%. The lowest was -295.76%. And the median was 141.58%.
FRA:MKQ's ROC (Joel Greenblatt) % is ranked better than 89.75% of 2819
companies
in the Software industry
Industry Median: 19.59
vs FRA:MKQ: 329.52
Mitek Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.40% per year.
Mitek Systems (FRA:MKQ) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Mitek Systems ROC (Joel Greenblatt) % Related Terms
Mitek Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Mitek Systems's ROC (Joel Greenblatt) % 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 DJCO, PD, RSKD: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Mitek Systems's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Mitek Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mitek Systems's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 434.20% mean?
Mitek Systems (FRA:MKQ) has a ROC (Joel Greenblatt) % of 434.20% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mitek Systems and its competitors. This is 207% above median its historical median of 141.58. According to the industry distribution chart, Mitek Systems ranks #289 out of 2819 companies in the Software industry, placing it in the top 10.3%.
Is Mitek Systems' ROC (Joel Greenblatt) % too high?
Mitek Systems' current ROC (Joel Greenblatt) % of 434.20% is 207% above median its 10-year median of 141.58. The Software industry median ROC (Joel Greenblatt) % is 19.59. Mitek Systems' value of 434.20% is 2116.4% above this industry median. Based on the distribution chart, Mitek Systems ranks #289 out of 2819 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' ROC (Joel Greenblatt) % compare to DJCO and PD?
According to the Software industry distribution chart, Mitek Systems ranks #289 out of 2819 companies for ROC (Joel Greenblatt) %. This places Mitek Systems in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. Mitek Systems' value of 434.20% is 2116.4% above this benchmark. While the company's 10-year median is 141.58 vs. the industry median of 19.59, 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 ROC (Joel Greenblatt) % for a Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.59, based on 2,819 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current ROC (Joel Greenblatt) % of 434.20% is 2116.4% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mitek Systems and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current ROC (Joel Greenblatt) % is 434.20%, which is 207% above median its own 10-year median of 141.58. 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 €9.91, compared to a current price of €14.85 — trading 49.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 434.20%, which is 207% above median its 10-year median of 141.58 and 2116.4% above the Software industry median of 19.59. Mitek Systems' overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current ROC (Joel Greenblatt) % is 434.20% 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 €14.85 is trading 49.8% above its estimated GF Value™ of €9.91.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for FRA:MKQ:
ROC (Joel Greenblatt) %: 434.20% (207% above median its 10-year median of 141.58)
GF Value™: €9.91 vs. price of €14.85 (49.8% above fair value)
Industry Position: 2116.4% above the Software median (#289 of 2819)
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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