GitLabMEX:GTLB 54 Days Payable is 21.86 as of Apr. 2026, which is 39% below its 10-year median of 35.91. GuruFocus rates MEX:GTLB with a GF Score™ of 54/100 and a GF Value™ of MXN1,387.03 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,600 Software companies, GitLab ranks worse than 71.69% on this metric.
GitLab's average Accounts Payable for the
three
months ended in Apr. 2026 was MXN157 Mil. GitLab's Cost of Goods Sold for the
three
months ended in Apr. 2026 was MXN657 Mil.
Hence, GitLab's Days Payable for the
three
months ended in Apr. 2026 was 21.86.
The historical rank and industry rank for GitLab's Days Payable or its related term are showing as below:
MEX:GTLB'
s Days Payable Range Over the Past 10 Years
Min: 19.84 Med: 35.91 Max: 65.13
Current: 27.36
During the past 7 years, GitLab's highest Days Payable was 65.13. The lowest was 19.84. And the median was 35.91.
MEX:GTLB's Days Payable is ranked worse than 71.69% of 2600
companies
in the Software industry
Industry Median: 54.025
vs MEX:GTLB: 27.36
GitLab's Days Payable
declined
from Apr. 2025 (35.00) to Apr. 2026 (21.86).
It may suggest that GitLabaccelerated paying its suppliers.
GitLab Days Payable Related Terms
GitLab Days Payable Historical Data
* Premium members only.
The historical data trend for GitLab's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:GTLB vs ACIW, WEX, ZETA: Days Payable Comparison
For the Software - Infrastructure subindustry, GitLab's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GitLab Days Payable vs Software Industry
For the Software industry and Technology sector, GitLab's Days Payable distribution charts can be found below:
* The bar in red indicates where GitLab's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
GitLab's Days Payable for the fiscal year that ended in Jan. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GitLab (MEX:GTLB) has a Days Payable of 21.86 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on GitLab and its competitors. This is 39% below median its historical median of 35.91. Over the past decade, GitLab's Days Payable has ranged from 19.84 to 65.13. According to the industry distribution chart, GitLab ranks #1864 out of 2600 companies in the Software industry, placing it in the top 71.7%.
Is GitLab's Days Payable too high?
GitLab's current Days Payable of 21.86 is 39% below median its 10-year median of 35.91. Over the past 10 years, this metric has ranged from a low of 19.84 to a high of 65.13. The Software industry median Days Payable is 54.03. GitLab's value of 21.86 is 59.5% below this industry median. Based on the distribution chart, GitLab ranks #1864 out of 2600 companies in the Software industry, which is below the industry midpoint. Overall, GitLab has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GitLab's Days Payable compare to ACIW and WEX?
According to the Software industry distribution chart, GitLab ranks #1864 out of 2600 companies for Days Payable. This places GitLab in the lower half of its industry. The industry median Days Payable is 54.03. GitLab's value of 21.86 is 59.5% below this benchmark. Historically, GitLab's own Days Payable has ranged from 19.84 to 65.13 over the past decade. While the company's 10-year median is 35.91 vs. the industry median of 54.03, GitLab has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 54.03, based on 2,600 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GitLab's current Days Payable of 21.86 is 59.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on GitLab and its competitors. For the Software industry, the median Days Payable is 54.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GitLab's current Days Payable is 21.86, which is 39% below median its own 10-year median of 35.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GitLab stock overvalued right now?
Based on GuruFocus' analysis, GitLab (MEX:GTLB) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,387.03, compared to a current price of MXN541.00 — trading 61% below its estimated fair value. The current Days Payable is 21.86, which is 39% below median its 10-year median of 35.91 and 59.5% below the Software industry median of 54.03. GitLab's overall GF Score™ is 54/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For GitLab (MEX:GTLB), the current Days Payable is 21.86 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is GitLab (MEX:GTLB) Overvalued in 2026?
Based on GuruFocus' analysis, GitLab stock appears to be undervalued.
The current stock price of MXN541.00 is trading 61% below its estimated GF Value™ of MXN1,387.03.
GuruFocus considers GitLab to be Significantly Undervalued.
Key valuation signals for MEX:GTLB:
Days Payable: 21.86 (39% below median its 10-year median of 35.91)
GF Value™: MXN1,387.03 vs. price of MXN541.00 (61% below fair value)
Industry Position: 59.5% below the Software median (#1864 of 2600)
No single metric tells the full story. See the MEX:GTLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GitLab Inc operates on an all-remote model. GitLab is a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation, following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, & the Asia Pacific. It focused on accelerating innovation & broadening the distribution of its platform to companies across the world.
54GF Score
Get the complete analysis for MEX:GTLB
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:GTLB has been successfully added to your 
