P/E ratio for Mitek Systems (MITK)

P/E ratio history for Mitek Systems from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
FICO FICO	138	215.03%	🇺🇸 USA
NCR Corporation NCR	57.6	31.25%	🇺🇸 USA
National Instruments NATI	43.8	-0.27%	🇺🇸 USA
Fidelity National Information Services FIS	-2.16	-104.92%	🇺🇸 USA
SS&C Technologies SSNC	29.5	-32.82%	🇺🇸 USA
Fiserv FI	45.2	2.97%	🇺🇸 USA
Jack Henry & Associates JKHY	34.0	-22.50%	🇺🇸 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.