GitLab GTLB
United StatesTechnology · Software - InfrastructureUSD
55.71 USD (+7.2%)
24 analysts
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GitLab Inc. is a software company that offers a comprehensive cloud-based DevOps (Development and Operations) platform, enabling development teams to manage the entire software lifecycle, from planning and creation to monitoring and security.
Key points
from its scores- ✓Strong growth8.3
- ✕Little or no dividend1.5
- ✕Fragile balance sheet2.6
- ✕Little competitive advantage3.3
AI analysis
bottom line, main risk, context and newsGitLab is a high-quality company with solid growth, but its demanding valuation and current lack of profitability limit the potential for short-term appreciation.
GitLab shows 21.30% revenue growth with an exceptional 85.90% gross margin, but remains in an investment phase with negative operating margins (-11.54%) and negative returns on capital (ROE -5.74%, ROIC -13.21%). The valuation is demanding (forward P/E 50.07, P/S 8.21), although strong growth and gross margin quality partially support it.
The main risk is the failure to achieve operating profitability within a reasonable timeframe, given the negative operating margin (-11.54%) and intense competition in the DevOps tools market, which could fail to justify its high valuation (forward P/E 50.07).
Context and risks
GitLab operates in the software infrastructure segment with a healthy balance sheet (liquidity 2.41) and no direct exposure to commodities, interest rates, or shipping routes. The current macro context does not materially affect its business.
Is GitLab stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 56% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 9.4 | 6.3 | +49% |
| Price / sales | 8.2 | 5.3 | +56% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.8 out of 10 (median for Technology: 5.3).
Average analyst target: 55.71 USD, +7.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.3 (sector 6.4), Growth 8.3 (sector 7.5).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 50.1
- EV / EBITDA
- −125.4
- Price / book
- 9.4
- Price / sales
- 8.2
- Market cap
- 8.7B USD
- Enterprise value
- 7.5B USD
Profitability
- ROE
- −5.7%
- ROA
- −2.5%
- ROIC (approx.)
- −13.2%
- Gross margin
- 85.9%
- Operating margin
- −11.5%
- Net margin
- −5.0%
- Free cash flow
- 286.0M USD
- FCF yield
- 3.3%
Solvency
- Total debt
- 0 USD
- Net debt
- −1.3B USD
- Cash
- 1.3B USD
- EBITDA
- −59.4M USD
- Net debt / EBITDA
- 21.16
- Current ratio
- 2.41
- Quick ratio
- 2.29
Growth
- Revenue growth
- +21.3%
- EPS (TTM)
- −0.32 USD
- EPS (forward)
- 1.04 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.99
- Analyst consensus
- none (24)
- Target price
- 55.71 USD
- 52-week range
- 18.73 – 55.55
Recent news
All GTLB news →Compare it with its sector
All 283 in Technology →Frequently asked questions about GitLab
Is GitLab stock cheap or expensive?
On Price / sales, it trades 56% above the Technology median. Valuation score: 3.8 out of 10 (median for Technology: 5.3). Average analyst target: 55.71 USD, +7.2% versus the price. This is not investment advice.
What score does GitLab get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,814 of 2,130 (better than 14% of the companies analysed). Its strongest category is Growth (8.3) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
How much is GitLab worth on the stock market?
Its market capitalisation is 8.7B USD and its enterprise value, debt included, is 7.5B USD.
How much debt does GitLab have?
It has more cash than debt: net cash of 1.3B USD.
Does GitLab pay a dividend?
It pays no dividend, or almost none.
How has GitLab stock performed over the last year?
It has risen 16.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 18.73 and 55.55 USD. Past performance does not guarantee future results.
What do analysts think of GitLab?
24 analysts cover it; their average recommendation is “none” and their average target is 55.71 USD (+7.2% versus the price). It is an estimate, not market data.