Mitek Systems (STU:MKQ) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)


STU:MKQ Mitek Systems Inc STU:MKQ
82 GF Score
Price €16.86
GF Value €9.72
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Mitek Systems Scaled Net Operating Assets?

Mitek Systems STU:MKQ -0.71% 82 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates STU:MKQ with a GF Score™ of 82/100 and a GF Value™ of €9.72 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mitek Systems's operating assets for the quarter that ended in Mar. 2026 was €241.6 Mil. Mitek Systems's operating liabilities for the quarter that ended in Mar. 2026 was €56.2 Mil. Mitek Systems's Total Assets for the quarter that ended in Dec. 2025 was €381.3 Mil. Therefore, Mitek Systems's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.

Mitek Systems Scaled Net Operating Assets Historical Data

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The historical data trend for Mitek Systems's Scaled Net Operating Assets 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.

Mitek Systems Scaled Net Operating Assets Chart

Mitek Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.61 0.54 0.55 0.46

Mitek Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.49 0.45 0.44 0.49

STU:MKQ vs RDVT, GTM, IBTA: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Mitek Systems's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Mitek Systems's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mitek Systems's Scaled Net Operating Assets falls into.


STU:MKQ
82GF Score
Mitek Systems Inc STU:MKQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitek Systems Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mitek Systems's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(226.716-54.243)/372.791
=0.46

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=391.161 - 164.445
=226.716

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=186.461 - 1.772 - 130.446
=54.243

Mitek Systems's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(241.638-56.185)/381.271
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=308.751 - 67.113
=241.638

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=101.612 - 42.491 - 2.936
=56.185

* 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 Scaled Net Operating Assets of 0.49 mean?
Mitek Systems (STU:MKQ) has a Scaled Net Operating Assets of 0.49 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mitek Systems and its competitors.
Is Mitek Systems' Scaled Net Operating Assets too high?
Mitek Systems' current Scaled Net Operating Assets is 0.49. Overall, Mitek Systems has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' Scaled Net Operating Assets compare to RDVT and GTM?
Mitek Systems' Scaled Net Operating Assets of 0.49 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mitek Systems and its competitors. Mitek Systems's current Scaled Net Operating Assets is 0.49. 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 (STU:MKQ) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.72, compared to a current price of €16.86 — trading 73.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.49. Mitek Systems' overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Mitek Systems (STU:MKQ), the current Scaled Net Operating Assets is 0.49 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 (STU:MKQ) Overvalued in 2026?

Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued. The current stock price of €16.86 is trading 73.5% above its estimated GF Value™ of €9.72. GuruFocus considers Mitek Systems to be Significantly Overvalued.

Key valuation signals for STU:MKQ:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: €9.72 vs. price of €16.86 (73.5% above fair value)
  • GF Score™: 82/100 with 8 warning signs

No single metric tells the full story. See the STU: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:UKMKQ:Germany
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.
82GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.86
Price
€9.72
GF Value