GitLab Inc
NASDAQ:GTLB

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GitLab Inc
NASDAQ:GTLB
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Price: 35.59 USD -0.73% Market Closed
Market Cap: 6B USD

Relative Value

The Relative Value of one GTLB stock under the Base Case scenario is 41.03 USD. Compared to the current market price of 35.59 USD, GitLab Inc is Undervalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GTLB Relative Value
Base Case
41.03 USD
Undervaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
10
Median 3Y
12.8
Median 5Y
14.5
Industry
2.4
Forward
6.2
vs History
vs Industry
Median 3Y
-36.6
Median 5Y
-39.3
Industry
22.3
Forward
39
vs History
39
vs Industry
5
Median 3Y
27.7
Median 5Y
-90.2
Industry
16
vs History
33
vs Industry
6
Median 3Y
-62.1
Median 5Y
-90.3
Industry
20.9
vs History
94
vs Industry
10
Median 3Y
10.1
Median 5Y
10.2
Industry
3
vs History
96
vs Industry
11
Median 3Y
11.4
Median 5Y
13
Industry
2.4
Forward
5
vs History
96
vs Industry
20
Median 3Y
12.7
Median 5Y
14.6
Industry
4.9
vs History
vs Industry
Median 3Y
-44.6
Median 5Y
-44.6
Industry
12.2
Forward
30.2
vs History
vs Industry
Median 3Y
-43
Median 5Y
-43
Industry
15.9
Forward
32.8
vs History
39
vs Industry
6
Median 3Y
22.9
Median 5Y
-80.3
Industry
14.7
vs History
33
vs Industry
6
Median 3Y
-50.9
Median 5Y
-79
Industry
17.4
vs History
96
vs Industry
4
Median 3Y
24.4
Median 5Y
27.6
Industry
2.4

Multiples Across Competitors

GTLB Competitors Multiples
GitLab Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
GitLab Inc
NASDAQ:GTLB
6B USD 6.6 -126 -64.9 -56.5
US
Microsoft Corp
NASDAQ:MSFT
3.5T USD 11.8 32.9 19.6 25.3
US
Oracle Corp
NYSE:ORCL
567.5B USD 9.3 36.8 24.6 33.6
US
ServiceNow Inc
NYSE:NOW
143.5B USD 11.3 82.9 57.3 79.5
US
Palo Alto Networks Inc
NASDAQ:PANW
130B USD 13.6 116.4 77.9 99.4
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
119B USD 26.1 -378.7 -2 069.5 -362.6
US
VMware Inc
XETRA:BZF1
58B EUR 5 47.3 21.8 36.8
US
Fortinet Inc
NASDAQ:FTNT
57.1B USD 8.7 30.5 25.1 26.9
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.8 744.2 269 376.8
US
Zscaler Inc
NASDAQ:ZS
35B USD 12.4 -853 12 613.6 -248.9
IL
Cyberark Software Ltd
NASDAQ:CYBR
23.3B USD 17.8 -102.5 -2 120.7 -166.7
P/E Multiple
Earnings Growth PEG
US
GitLab Inc
NASDAQ:GTLB
Average P/E: 155.8
Negative Multiple: -126
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
32.9
18%
1.8
US
Oracle Corp
NYSE:ORCL
36.8
36%
1
US
ServiceNow Inc
NYSE:NOW
82.9
-10%
N/A
US
Palo Alto Networks Inc
NASDAQ:PANW
116.4
46%
2.5
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -378.7 N/A N/A
US
V
VMware Inc
XETRA:BZF1
47.3
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
30.5
12%
2.5
US
Xperi Holding Corp
LSE:0M2A
744.2
38%
19.6
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -853 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -102.5 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
GitLab Inc
NASDAQ:GTLB
Average EV/EBITDA: 1 638.6
Negative Multiple: -64.9
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
19.6
20%
1
US
Oracle Corp
NYSE:ORCL
24.6
43%
0.6
US
ServiceNow Inc
NYSE:NOW
57.3
53%
1.1
US
Palo Alto Networks Inc
NASDAQ:PANW
77.9
41%
1.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -2 069.5
184%
N/A
US
V
VMware Inc
XETRA:BZF1
21.8
19%
1.1
US
Fortinet Inc
NASDAQ:FTNT
25.1
17%
1.5
US
Xperi Holding Corp
LSE:0M2A
269
8%
33.6
US
Zscaler Inc
NASDAQ:ZS
12 613.6
N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -2 120.7 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
GitLab Inc
NASDAQ:GTLB
Average EV/EBIT: 96.9
Negative Multiple: -56.5
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
25.3
17%
1.5
US
Oracle Corp
NYSE:ORCL
33.6
38%
0.9
US
ServiceNow Inc
NYSE:NOW
79.5
65%
1.2
US
Palo Alto Networks Inc
NASDAQ:PANW
99.4
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -362.6 N/A N/A
US
V
VMware Inc
XETRA:BZF1
36.8
30%
1.2
US
Fortinet Inc
NASDAQ:FTNT
26.9
17%
1.6
US
Xperi Holding Corp
LSE:0M2A
376.8
25%
15.1
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -248.9 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -166.7 N/A N/A