GitLab Inc.

NasdaqGS:GTLB Stock Report

Market Cap: US$10.4b

GitLab Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 GTLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GTLB ($66.62) is trading above our estimate of fair value ($34.87)

Significantly Below Fair Value: GTLB is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GTLB. This is calculated by dividing GTLB's market cap by their current revenue.
What is GTLB's PS Ratio?
PS Ratio16.1x
SalesUS$665.22m
Market CapUS$10.40b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GTLB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.3x
MNDY monday.com
15.7x20.9%US$13.8b
S SentinelOne
12.5x18.6%US$8.9b
CYBR CyberArk Software
15.2x20.2%US$14.2b
PATH UiPath
5.7x9.7%US$7.5b
GTLB GitLab
16.1x18.2%US$10.4b

Price-To-Sales vs Peers: GTLB is expensive based on its Price-To-Sales Ratio (16.1x) compared to the peer average (12.3x).

Price to Sales Ratio vs Industry

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

81 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.13b
PGY Pagaya Technologies
0.7x15.8%US$704.88m
XPER Xperi
0.8x1.8%US$390.02m
EGHT 8x8
0.6x1.1%US$385.45m
GTLB 16.1xIndustry Avg. 5.3xNo. of Companies81PS048121620+
81 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GTLB is expensive based on its Price-To-Sales Ratio (16.1x) compared to the US Software industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is GTLB'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.

GTLB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.1x
Fair PS Ratio11.2x

Price-To-Sales vs Fair Ratio: GTLB is expensive based on its Price-To-Sales Ratio (16.1x) compared to the estimated Fair Price-To-Sales Ratio (11.2x).

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 GTLB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$66.62
US$66.93
+0.5%
11.6%US$80.00US$50.00n/a27
Nov ’25US$56.94
US$66.00
+15.9%
11.9%US$80.00US$50.00n/a27
Oct ’25US$49.68
US$65.68
+32.2%
12.3%US$80.00US$50.00n/a25
Sep ’25US$47.40
US$62.81
+32.5%
14.7%US$80.00US$50.00n/a25
Aug ’25US$48.46
US$65.39
+34.9%
14.9%US$80.00US$50.00n/a24
Jul ’25US$51.34
US$65.48
+27.5%
14.7%US$80.00US$50.00n/a24
Jun ’25US$47.19
US$72.52
+53.7%
10.0%US$85.00US$55.00n/a23
May ’25US$53.36
US$72.82
+36.5%
9.8%US$85.00US$55.00n/a22
Apr ’25US$55.55
US$73.10
+31.6%
10.2%US$85.00US$55.00n/a20
Mar ’25US$73.31
US$75.06
+2.4%
11.8%US$88.00US$55.00n/a17
Feb ’25US$72.33
US$71.00
-1.8%
10.6%US$81.00US$55.00n/a18
Jan ’25US$62.96
US$68.78
+9.2%
9.7%US$80.00US$55.00n/a18
Dec ’24US$52.47
US$59.17
+12.8%
10.3%US$70.00US$48.00n/a18
Nov ’24US$42.03
US$60.56
+44.1%
9.8%US$70.00US$48.00US$56.9416
Oct ’24US$45.22
US$61.06
+35.0%
9.7%US$70.00US$48.00US$49.6816
Sep ’24US$49.17
US$55.71
+13.3%
13.9%US$70.00US$39.00US$47.4014
Aug ’24US$48.50
US$55.36
+14.1%
14.3%US$70.00US$39.00US$48.4614
Jul ’24US$51.11
US$53.71
+5.1%
14.4%US$70.00US$39.00US$51.3414
Jun ’24US$35.94
US$43.57
+21.2%
20.4%US$65.00US$30.00US$47.1914
May ’24US$29.93
US$44.62
+49.1%
18.7%US$65.00US$33.00US$53.3613
Apr ’24US$34.29
US$44.07
+28.5%
18.8%US$65.00US$33.00US$55.5514
Mar ’24US$42.82
US$60.77
+41.9%
13.6%US$75.00US$45.00US$73.3113
Feb ’24US$54.15
US$62.92
+16.2%
13.6%US$78.00US$45.00US$72.3313
Jan ’24US$45.44
US$65.00
+43.0%
18.6%US$95.00US$45.00US$62.9612
Dec ’23US$42.94
US$65.45
+52.4%
19.5%US$95.00US$45.00US$52.4711
Nov ’23US$46.74
US$70.09
+50.0%
14.4%US$95.00US$55.00US$42.0311

Analyst Forecast: Target price is less than 20% higher than the current share price.

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