GitLab (MEX:GTLB) ROCE %: -5.93% (As of Apr. 2026)

What is GitLab ROCE %?

GitLab MEX:GTLB 54 ROCE % is -5.93% as of Apr. 2026. GuruFocus rates MEX:GTLB with a GF Score™ of 54/100 and a GF Value™ of MXN1,506.10 (Significantly Undervalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. GitLab's annualized ROCE % for the quarter that ended in Apr. 2026 was -5.93%.

GitLab (MEX:GTLB) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

GitLab ROCE % Related Terms

GitLab ROCE % Historical Data

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The historical data trend for GitLab's ROCE % 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.

GitLab ROCE % Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Jan26

ROCE %

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-23.86

-23.54

-23.60

-20.52

-6.76

GitLab Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
ROCE %	Get a 7-Day Free Trial															-15.51	-7.86	-5.04	-1.93	-5.93

54GF Score

GitLab Inc MEX:GTLB

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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GitLab ROCE % Calculation

GitLab's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2026 )		(A: Jan. 2025 )		(A: Jan. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2026 )		(A: Jan. 2025 )		(A: Jan. 2026 )
	=	-1222.796	/	( ( (28865.396 - 11243.444)	+	(29888.455 - 11314.225) )	/ 2 )
	=	-1222.796	/	( (17621.952	+	18574.23)	/ 2 )
	=	-1222.796	/	18098.091
	=	-6.76 %

GitLab's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2026 )		(Q: Jan. 2026 )		(Q: Apr. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2026 )		(Q: Jan. 2026 )		(Q: Apr. 2026 )
	=	-1103.444	/	( ( (29888.455 - 11314.225)	+	(29874.287 - 11263.693) )	/ 2 )
	=	-1103.444	/	( ( 18574.23	+	18610.594 )	/ 2 )
	=	-1103.444	/	18592.412
	=	-5.93 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -5.93% mean?

GitLab (MEX:GTLB) has a ROCE % of -5.93% as of Apr. 2026.

Is GitLab's ROCE % too high?

GitLab's current ROCE % is -5.93%. 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 ROCE % compare to BLSH and WEX?

GitLab's ROCE % of -5.93% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Software company?

The median ROCE % among Software companies is 5.27, based on 2,713 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GitLab's current ROCE % is -5.93%. 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 MXN1,506.10, compared to a current price of MXN541.00 — trading 64.1% below its estimated fair value. The current ROCE % is -5.93%. GitLab's overall GF Score™ is 54/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For GitLab (MEX:GTLB), the current ROCE % is -5.93% 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 64.1% below its estimated GF Value™ of MXN1,506.10. GuruFocus considers GitLab to be Significantly Undervalued.

Key valuation signals for MEX:GTLB:

ROCE %: -5.93%
GF Value™: MXN1,506.10 vs. price of MXN541.00 (64.1% below fair value)
GF Score™: 54/100 with 1 warning sign

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 Business Description

Industry Technology Software

Comparable Companies BLSH WEX NTSK S ZETA ACIW PATH RELY DBX VRNS MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Other Exchanges GTLB:USA 1GTLB:Italy 8K2:Germany

Address 268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website https://www.about.gitlab.com

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

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN541.00

Price

MXN1,506.10

GF Value

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