GitLab price to book ratio GTLB

Market value divided by the book value of the company's net assets, since 2021.

Today, Oct 23, 2026: 10.1×
5-year median: 9.5×
Against its 5-year history: 58th; percentile: 0 is its lowest day, 100 its highest
5-year range: 3.3× to 22.1×
Peer median: 10.0×

GitLab's price to book ratio is 10.1× as of Oct 23, 2026.

That is above its 5-year median of 9.5×, close to the middle of its last 5 years.

Over that time it ranged from 3.3× in Apr 2026 to 22.1× in Feb 2024.

The median for 10 infrastructure software stocks of a similar size is 10.0×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	10.1×	3.3×	10.1×
2025	6.9×	6.8×	16.3×
2024	13.0×	11.7×	22.1×
2023	17.9×	5.5×	18.0×
2022	8.9×	6.6×	13.4×
2021	16.1×	13.8×	17.4×

Against its peers

Companies in Software - Infrastructure nearest GitLab's size, closest first, today.

Company	Price to book ratio
GTLBGitLab	10.1×
PCTYPaylocity	7.7×
DBXDropbox	n/m
QLYSQualys	13.3×
APPFAppfolio	14.2×
PATHUiPath	3.8×
BSYBentley Systems	10.0×
PAYCPaycom Software	21.7×
CVLTCommvault Systems	135×
OTEXOpen Text	1.7×
AKAMAkamai Technologies	2.8×
Peer median	10.0×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on GitLab

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.