Gitlab Inc (GTLB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gitlab Inc stock $38.02, price $48.09, that is 20.9% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $19.42 – $130.88 · fair‑value band $19.92 – $51.89 · the $48.09 price screens above the $38.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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GitLab Inc., together with its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
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The company provides GitLab, an intelligent orchestration platform for DevSecOps, which is a single application offering the entire software development lifecycle, including software, project plans, code, security scans, compliance checks, and deployment configurations.
It also offers the GitLab Duo Agent Platform, which enables intelligent orchestration of teams and AI agents to execute tasks autonomously across planning, development, security, and deployment.
This platform combines conversational AI assistance, purpose-built agents for specialized tasks, workflow automation, and enterprise controls. In addition, it offers related training and professional services.
The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is based in San Francisco, California.
Stock analysis
Gitlab Inc (GTLB) currently trades at $48.09, while our model-based Fair Value estimate is $38.02, 21% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $38.26 per share, and 0 of the 7 models we run sit above the $48.09 price.
Bear case: the Asset-Based group reads lowest at $5.58, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: $19.92 (bear) to $51.89 (bull), the price of $48.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Gitlab Inc reported revenue of $955M in FY2026 versus $253M in FY2022, a compound +39.4%/yr. Reported net income was −$56.0M in FY2026.
Key figures
Market cap $8.1B Mid · P/S ratio 8.68 · EPS (TTM) $−0.3300 · Net margin −5.0% · Return on equity −5.7% · Return on assets (EBIT) −11.7% (5-year average) · Operating margin −11.6% · Revenue (TTM) $1.1B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 148% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −21%, GTLB screens richer than that median.
Fair Value models
Bear$19.92Fair Value $38.02Bull$51.89
Price $48.09 · Downside -20.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $247,761, on Sep 30, 2026. Over the same period, 3 people sold shares worth $116.2M.
SaleSytse SijbrandijDirector9× since Nov 17, 2025: 2,852,500 shares, avg. $44.24$126.2MOct 19, 202610b5-1 plan
BuyWilliam StaplesChief Executive Officer, Director4× since Dec 31, 2025: 16,151 shares, avg. $31.01$500,854Sep 30, 202610b5-1 plan
SaleSivaprasad PadisettyChief Technology Officer51,915 shares at $45.78$2.4MSep 28, 202610b5-1 plan
SaleSimon MundyChief Accounting Officer2× since Dec 16, 2025: 12,204 shares, avg. $38.09$464,910Aug 7, 202610b5-1 plan
SaleSusan L BostromDirector2× since Dec 8, 2025: 132,500 shares, avg. $34.77$4.6MMar 27, 2026
SaleMatthew JacobsonDirector2× since Dec 19, 2025: 1,494,735 shares, avg. $26.16$39.1MMar 20, 2026
SaleJames ShenInterim CFO2,538 shares at $38.08$96,647Dec 31, 202510b5-1 plan
Plus 18 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+25.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+44.4%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+50.8%
’20
’21
’22
’23
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’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−140.6% (2021) → −7.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.5% a year for the price and +11.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: High gross margins from its software platform form the main strength while persistent net losses and thin evidence of durable moats represent the central weakness.
Main risk: Generative AI coding tools might reduce the need for expanded GitLab usage even without fewer developers, pressuring its seat-based subscription model and net revenue retention.
Bull case: GitLab could leverage its integrated governance and agent orchestration features to become the preferred platform for managing AI-driven development workflows in enterprises.
Bear case: If AI tools and cheaper alternatives fragment workflows or reduce seat demand significantly, GitLab's core subscription revenue might stagnate or decline as customers shift to specialized or lower-cost options.
GitLab is rolling out features to create a single governed system that orchestrates AI agents, security controls and artifact management from idea to production. Agentic software development users grew 200 percent year over year in the last three months while the company serves over 70 million developers. Can these controls convert rapid AI experimentation into scalable enterprise usage or will specialized tools still fragment workflows?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 345 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−20.9% · Below median
Profitability
Return on assets−3.3% · Below median
Net margin (12 months)−5.0% · Below median
Operating margin (12 months)−11.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)21.3% · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Gitlab Inc Fair Value". https://www.fairvalue-calculator.com/stock/GTLB
Frequently asked questions
Is Gitlab Inc (GTLB) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $38.02 versus a price of $48.09, about 21% lower (overvalued).
What is the fair value of GTLB?
Our model-based fair value for Gitlab Inc is $38.02 (as of Nov 8, 2026), built from audited fundamentals. The current price: $48.09.
What is the quality score of GTLB?
Gitlab Inc has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Gitlab Inc (GTLB)?
Our model-based price target is the fair value of $38.02 (as of Nov 8, 2026) from 7 valuation models. Cautious scenario $19.92, optimistic scenario $51.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Gitlab Inc stock forecast for 2026?
Our models put fair value at $38.02, about 21% lower versus a price of $48.09 (overvalued). Cautious scenario $19.92, optimistic scenario $51.89. The calculation is refreshed regularly with new filings.
What is the revenue of Gitlab Inc (GTLB)?
Gitlab Inc reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Nov 8, 2026).
What growth is priced into Gitlab Inc (GTLB)?
For today's price to be fair in a discounted-cash-flow model, Gitlab Inc would have to grow free cash flow by +17.2 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +44.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of GTLB use?
Our models discount Gitlab Inc at 9.7 %: a base by market capitalisation (mid), damped by beta 0.99, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gitlab Inc that is +17.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Gitlab Inc (GTLB) delivered so far?
Over the past 5 years revenue at Gitlab Inc grew +44.4 % a year. The price currently implies free-cash-flow growth of +17.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gitlab Inc (GTLB) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Gitlab Inc (+17.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gitlab Inc (GTLB)?
The free-cash-flow yield on the price is 2.78 %: that much free cash flow Gitlab Inc produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gitlab Inc (GTLB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gitlab Inc it is $38.02 per share (as of Nov 8, 2026), against a price of $48.09. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Gitlab Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GTLB trades above its calculated fair value: price $48.09, fair value $38.02, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GTLB?
No. The price is what the market pays today ($48.09); the fair value is what the company's own numbers justify ($38.02). For Gitlab Inc the two are $10.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gitlab Inc worth?
The market values Gitlab Inc at about $8.1B (market capitalisation, as of Nov 8, 2026). Per share that is $48.09; our models calculate a fair value of $38.02 per share.
What do the bullish and bearish scenarios say about GTLB?
Our models span a range for Gitlab Inc: cautious scenario $19.92, base $38.02, optimistic $51.89 per share (as of Nov 8, 2026, price $48.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gitlab Inc (GTLB)?
Balance-sheet figures for Gitlab Inc (as of Nov 8, 2026): return on equity −5.7%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is GTLB from its 52-week high?
Gitlab Inc trades at $48.09, about 17% below its 52-week high of $57.97 and 148% above the low of $19.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $38.02 is for.
Which stocks are comparable to Gitlab Inc?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gitlab Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $48.09, calculated fair value $38.02 (−21%), Quality Score 58/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GTLB calculated?
We run Gitlab Inc through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $38.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Gitlab Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gitlab Inc (GTLB)?
The closing price on Nov 6, 2026 was $48.09. Our model-based fair value is $38.02, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gitlab Inc right now?
The model range is unusually wide ($19.92 to $51.89). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Gitlab Inc
How large is the market capitalisation of Gitlab Inc (GTLB)?
The market capitalisation of Gitlab Inc is $8.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Gitlab Inc (GTLB)?
The price-to-sales ratio of Gitlab Inc is 8.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gitlab Inc (GTLB)?
Earnings per share at Gitlab Inc are $−0.3300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gitlab Inc (GTLB)?
The net margin of Gitlab Inc is −5.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gitlab Inc (GTLB)?
The return on equity (ROE) of Gitlab Inc is −5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gitlab Inc (GTLB)?
On an EBIT basis the return on assets of Gitlab Inc is −11.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gitlab Inc (GTLB)?
The operating margin of Gitlab Inc is −11.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gitlab Inc (GTLB)?
Revenue at Gitlab Inc is growing +21.3% versus a year earlier (3y avg +31.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Gitlab Inc (GTLB) hold?
Gitlab Inc holds more cash than debt, $230M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026