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Mitek Systems, Inc (MITK) Fair Value & Analysis

Technology · US · Market cap $779M

Price$17.32
Fair Value$4.81
Upside-72.2%
Quality95/100
Evidence: High Range $3.36 – $6.26

Fair value as of: Jun 24, 2026

Analysis

Mitek Systems, Inc (MITK) currently trades at $17.32, while our model-based Fair Value estimate is $4.81 — implying the stock looks roughly 72.2% overvalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

About the company

Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution. It also provides IDLive Face, a passive face liveness detection; IDLive Doc, a document liveness detection; and IDLive Voice, an anti-spoofing voice liveness. The company was incorporated in 1986 and is based in San Diego, California.

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Frequently asked questions

Is Mitek Systems, Inc (MITK) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $4.81 versus a price of $17.32 — about −72% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MITK?
Our 21-model fair value for Mitek Systems, Inc is $4.81 (as of Jun 24, 2026), built from audited fundamentals. The current price is $17.32.
What is the quality score of MITK?
Mitek Systems, Inc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.