The generalized mutual information (GMI) is an achievable rate for bit-interleaved coded modulation (BICM) and is highly dependent on the binary labeling of the constellation. The BICM-GMI, sometimes called the BICM capacity, can be evaluated numerically. This approach, however, becomes impractical when the number of constellation points and/or the constellation dimensionality grows, or when many different labelings are considered. A simple approximation for the BICM-GMI based on the area theorem of the demapper's extrinsic information transfer (EXIT) function is proposed. Numerical results show the proposed approximation gives good estimates of the BICM-GMI for labelings with close to linear EXIT functions, which includes labelings of comm...