GitLab Inc.

BIT:1GTLB Stock Report

Market Cap: €7.0b

GitLab Valuation

Is 1GTLB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1GTLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€57.43
Fair Value
26.3% undervalued intrinsic discount
28
Number of Analysts

Below Fair Value: 1GTLB (€42.3) is trading below our estimate of fair value (€57.43)

Significantly Below Fair Value: 1GTLB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1GTLB?

Key metric: As 1GTLB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1GTLB. This is calculated by dividing 1GTLB's market cap by their current revenue.
What is 1GTLB's PS Ratio?
PS Ratio10.6x
SalesUS$759.25m
Market CapUS$8.03b

Price to Sales Ratio vs Peers

How does 1GTLB's PS Ratio compare to its peers?

The above table shows the PS ratio for 1GTLB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average15.7x
CY4 Cy4gate
1.6x9.00%€122.3m
REY Reply
2.4x7.64%€5.6b
S SentinelOne
7x15.69%US$6.0b
301269 Empyrean Technology
52x29.52%CN¥64.6b
1GTLB GitLab
10.6x16.87%€8.0b

Price-To-Sales vs Peers: 1GTLB is good value based on its Price-To-Sales Ratio (10.6x) compared to the peer average (15.7x).

Price to Sales Ratio vs Industry

How does 1GTLB's PS Ratio compare vs other companies in the European Software Industry?

41 CompaniesPrice / SalesEstimated GrowthMarket Cap
1GTLB 10.6xIndustry Avg. 2.2xNo. of Companies50PS0246810+
41 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1GTLB is expensive based on its Price-To-Sales Ratio (10.6x) compared to the European Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 1GTLB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1GTLB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1GTLB's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1GTLB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€42.30
€61.75
+45.99%
16.05%€78.98€39.49n/a28
Jun ’26€40.20
€62.96
+56.62%
16.28%€79.72€39.86n/a28
May ’26€40.60
€63.42
+56.22%
15.86%€79.16€39.58n/a28
Apr ’26n/a
€72.08
0%
10.59%€83.19€53.61n/a28
Mar ’26n/a
€77.08
0%
9.33%€86.78€57.85n/a28
Feb ’26n/a
€77.28
0%
8.31%€86.84€62.72n/a28
Jan ’26n/a
€77.28
0%
8.31%€86.84€62.72n/a28
Dec ’25n/a
€63.57
0%
10.32%€75.60€47.25n/a26
Nov ’25n/a
€61.03
0%
11.87%€73.98€46.24n/a27
Oct ’25n/a
€59.35
0%
12.27%€72.28€45.18n/a25
Sep ’25n/a
€56.51
0%
14.74%€71.98€44.99n/a25
Aug ’25n/a
€60.11
0%
14.88%€73.54€45.97n/a24
Jul ’25n/a
€60.98
0%
14.74%€74.51€46.57n/a24
Jun ’25n/a
€66.79
0%
10.03%€78.28€50.65€40.2023
May ’25n/a
€68.44
0%
9.81%€79.89€51.69€40.6022
Apr ’25n/a
€67.65
0%
10.17%€78.66€50.90n/a20
Mar ’25n/a
€69.20
0%
11.84%€81.14€50.71n/a17
Feb ’25n/a
€65.48
0%
10.57%€74.71€50.73n/a18
Jan ’25n/a
€63.09
0%
9.72%€73.38€50.45n/a18
Dec ’24n/a
€54.34
0%
10.28%€64.30€44.09n/a18
Nov ’24n/a
€56.80
0%
9.75%€65.65€45.01n/a16
Oct ’24n/a
€56.91
0%
9.70%€65.24€44.74n/a16
Sep ’24n/a
€50.76
0%
13.93%€63.78€35.53n/a14
Aug ’24n/a
€49.76
0%
14.27%€62.92€35.06n/a14
Jul ’24n/a
€49.32
0%
14.45%€64.27€35.81n/a14
Jun ’24n/a
€39.74
0%
20.41%€59.29€27.36n/a14
AnalystConsensusTarget
Consensus Narrative from 28 Analysts
€61.19
Fair Value
30.9% undervalued intrinsic discount
28
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/10 21:11
End of Day Share Price 2025/06/10 00:00
Earnings2025/01/31
Annual Earnings2025/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GitLab Inc. is covered by 37 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Raimo LenschowBarclays
Ryan MacWilliamsBarclays