P/E ratio for Mitek Systems (MITK)
P/E ratio as of May 2024 (TTM): 62.4
According to Mitek Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 62.4. At the end of 2022 the company had a P/E ratio of 92.1.
P/E ratio history for Mitek Systems from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 92.1 | 8.99% |
| 2021 | 84.5 | 4.59% |
| 2020 | 80.8 | -28.67% |
| 2019 | 113 | -362.02% |
| 2018 | -43.2 | -230.44% |
| 2017 | 33.1 | -73.05% |
| 2016 | 123 | 109.49% |
| 2015 | 58.7 | -304.27% |
| 2014 | -28.7 | 30.65% |
| 2013 | -22.0 | 146.73% |
| 2012 | -8.92 | -103.82% |
| 2011 | 233 | -369.92% |
| 2010 | -86.4 | 414.46% |
| 2009 | -16.8 | 1340% |
| 2008 | -1.17 | -94.02% |
| 2007 | -19.5 | -22.77% |
| 2006 | -25.3 | -35.67% |
| 2005 | -39.3 | 2778.33% |
| 2004 | -1.36 | -82.07% |
| 2003 | -7.61 | -112.37% |
| 2002 | 61.5 | -15.17% |
| 2001 | 72.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fidelity National Information Services FIS | -1.69 | -102.71% | 🇺🇸 USA |
 Fiserv FI | 30.9 | -50.52% | 🇺🇸 USA |
 Jack Henry & Associates
JKHY | 32.3 | -48.21% | 🇺🇸 USA |
 SS&C Technologies
SSNC | 24.6 | -60.60% | 🇺🇸 USA |
 FICO FICO | 68.3 | 9.47% | 🇺🇸 USA |
 National Instruments
NATI | 43.8 | -29.84% | 🇺🇸 USA |
 NCR Corporation
NCR | 57.6 | -7.67% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.