What is GitLab's P/B ratio?

GitLab (GTLB) P/B ratio is 5.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

How is the P/B ratio calculated?

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio for GitLab?

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For GitLab specifically, the relevant sector benchmark is the current sector median of 6.0×.

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

GitLab's P/B ratio of 5.4× is below its own 5-year average of 11.1× and below the sector median of 6.0×. That places the current reading at the 7th 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/B ratio range?

In the available daily series, GitLab (GTLB) P/B ratio has ranged from a low of 3.3× in 2026 to a high of 22.0× in 2024. The 5-year average is 11.1× and the 5-year median is 9.7×.

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

GitLab (GTLB) P/B ratio at the end of 2026 was 5.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

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

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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/B Ratio — Price-to-Book History

Current

5.4×

As of Jun 5, 2026

5-Year Average

11.1×

All-Time High

22.0×

Feb 9, 2024

All-Time Low

3.3×

Apr 10, 2026

P/B Ratio daily chart for GitLab (GTLB)

Oct 14, 2021 – Jun 5, 2026 · 1,165 trading days

P/B ratio is not shown for periods when book value was negative.

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


2026	$5.80B	$990.67M	5.9×	-9.4×	Jan 31, 2026
2025	$11.86B	$775.91M	15.3×	-4.6×	Jan 31, 2025
2024	$11.14B	$559.77M	19.9×	+10.3×	Jan 31, 2024
2023	$7.42B	$771.02M	9.6×	-2.4×	Jan 31, 2023
2022	$9.28B	$774.87M	12.0×	—	Jan 31, 2022
2021	$13.76B	—	—	—	Jan 31, 2021

20265.9×
202515.3×
202419.9×
20239.6×
202212.0×
2021—

About P/B Ratio at GitLab (GTLB)

GitLab (GTLB) P/B ratio is 5.4× as of June 5, 2026. The 5-year average is 11.1×. The sector median currently stands at 6.0×. The current ratio is at the 7th percentile of its own 10-year history.

GitLab (GTLB) historical P/B ratio has ranged from a low of 3.3× (2026) to a high of 22.0× (2024) in the available daily series.

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

GitLab P/B Ratio by Year

GitLab P/B Ratio 2026: 5.9×

GitLab (GTLB) P/B ratio in 2026 was 5.9×, contracted from 15.3× the prior year.

GitLab P/B Ratio 2025: 15.3×

GitLab (GTLB) P/B ratio in 2025 was 15.3×, contracted from 19.9× the prior year.

GitLab P/B Ratio 2024: 19.9×

GitLab (GTLB) P/B ratio in 2024 was 19.9×, expanded from 9.6× the prior year.

GitLab P/B Ratio 2023: 9.6×

GitLab (GTLB) P/B ratio in 2023 was 9.6×, contracted from 12.0× the prior year.

GitLab P/B Ratio 2022: 12.0×

GitLab (GTLB) P/B ratio in 2022 was 12.0×.

Sector peers by P/B Ratio — chart

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

Sector peers by P/B Ratio — table

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


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Block (SQ)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Strategy (MSTR)	0.9×

Duolingo (DUOL)
3.3×
Unity Software (U)
3.2×
Synopsys (SNPS)
3.0×
Science Applications International (SAIC)
2.9×
Zebra Technologies (ZBRA)
2.9×
Zoom Communications (ZM)
2.9×
Trimble (TRMB)
2.7×
Twilio (TWLO)
2.5×
Amkor Technology (AMKR)
2.5×
EPAM Systems (EPAM)
2.1×
Qorvo (QRVO)
2.1×
IonQ (IONQ)
2.1×
Intel (INTC)
2.0×
Roper Technologies (ROP)
2.0×
Cognizant (CTSH)
1.9×
Okta (OKTA)
1.9×
Super Micro Computer (SMCI)
1.8×
Lyft (LYFT)
1.7×
Block (XYZ)
1.7×
Block (SQ)
1.6×
Hewlett Packard Enterprise (HPE)
1.5×
Fidelity National Information Services (FIS)
1.5×
Skyworks Solutions (SWKS)
1.4×
Fiserv (FISV)
1.1×
Strategy (MSTR)
0.9×

Frequently asked questions

GitLab (GTLB) Key Financials

Charts, filings, and peer comparison for every metric

P/B Ratio daily chart for GitLab (GTLB)

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

About P/B Ratio at GitLab (GTLB)

GitLab P/B Ratio by Year

GitLab P/B Ratio 2026: 5.9×

GitLab P/B Ratio 2025: 15.3×

GitLab P/B Ratio 2024: 19.9×

GitLab P/B Ratio 2023: 9.6×

GitLab P/B Ratio 2022: 12.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is GitLab's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for GitLab?

+Is GitLab's P/B ratio high or low?

+What is GitLab's historical P/B ratio range?

+What was GitLab's P/B ratio in 2026?

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

GitLab (GTLB) Key Financials