What is GitLab's P/FCF ratio?

GitLab (GTLB) P/FCF ratio is 20.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

How is the P/FCF ratio calculated?

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

What is a good P/FCF ratio for GitLab?

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For GitLab specifically, the relevant sector benchmark is the current sector median of 21.8×.

Is GitLab's P/FCF ratio high or low?

GitLab's P/FCF ratio of 20.2× is below its own 5-year average of 4546.9× and below the sector median of 21.8×. That places the current reading at the 20th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

What is GitLab's historical P/FCF ratio range?

In the available daily series, GitLab (GTLB) P/FCF ratio has ranged from a low of 14.5× in 2026 to a high of 37337.9× in 2025. The 5-year average is 4546.9× and the 5-year median is 112.4×.

What was GitLab's P/FCF ratio in 2026?

GitLab (GTLB) P/FCF ratio at the end of 2026 was 26.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Why does GitLab's P/FCF ratio change over time?

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

GitLab (GTLB) P/FCF Ratio — Price-to-Free-Cash-Flow History

Current

20.2×

As of Jul 22, 2026

5-Year Average

4546.9×

All-Time High

37337.9×

Aug 28, 2025

All-Time Low

14.5×

Apr 10, 2026

P/FCF Ratio daily chart for GitLab (GTLB)

Oct 14, 2021 – Jul 22, 2026 · 1,196 trading days

P/FCF ratio is not shown for periods when TTM free cash flow was negative.

Historical P/FCF Ratio for GitLab (GTLB) from 2021 to 2026


2026	$5.8B	$222M	26.1×	—	Jan 31, 2026
2025	$11.9B	-$67.7M	—	—	Jan 31, 2025
2024	$11.1B	$33.4M	333.0×	—	Jan 31, 2024
2023	$7.42B	-$83.5M	—	—	Jan 31, 2023
2022	$9.28B	-$53.4M	—	—	Jan 31, 2022
2021	$13.8B	-$73.6M	—	—	Jan 31, 2021

202626.1×
2025—
2024333.0×
2023—
2022—
2021—

About P/FCF Ratio at GitLab (GTLB)

GitLab (GTLB) P/FCF ratio is 20.2× as of July 22, 2026. The 5-year average is 4546.9×. The sector median currently stands at 21.8×. The current ratio is at the 20th percentile of its own 10-year history.

GitLab (GTLB) historical P/FCF ratio has ranged from a low of 14.5× (2026) to a high of 37337.9× (2025) in the available daily series.

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

GitLab P/FCF Ratio by Year

GitLab P/FCF Ratio 2026: 26.1×

GitLab (GTLB) P/FCF ratio in 2026 was 26.1×, contracted from 333.0× the prior year.

GitLab P/FCF Ratio 2024: 333.0×

GitLab (GTLB) P/FCF ratio in 2024 was 333.0×.

Sector peers by P/FCF Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/FCF Ratio — table

Technology peers of GitLab (GTLB), ranked by P/FCF ratio.


Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

Zebra Technologies (ZBRA)
12.2×
Skyworks Solutions (SWKS)
11.9×
Cognizant (CTSH)
11.8×
NetApp (NTAP)
11.5×
Duolingo (DUOL)
11.1×
Block (XYZ)
11.0×
QUALCOMM (QCOM)
10.8×
Leidos Holdings (LDOS)
10.8×
Workday (WDAY)
10.5×
Salesforce (CRM)
10.5×
Qorvo (QRVO)
10.4×
Adobe (ADBE)
9.8×
Accenture (ACN)
9.6×
Strategy (MSTR)
9.2×
Gartner (IT)
8.8×
Fidelity National Information Services (FIS)
8.7×
DocuSign (DOCU)
8.0×
Gen Digital (GEN)
7.5×
Fiserv (FISV)
7.2×
Science Applications International (SAIC)
7.0×
Hewlett Packard Enterprise (HPE)
6.8×
GoDaddy (GDDY)
6.7×
HP (HPQ)
5.1×
Lyft (LYFT)
4.5×
IBM (IBM)
0.0×

Frequently asked questions

GitLab (GTLB) Key Financials

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