Upside case
Bull case
$391+10264.2%
GRAB would need investors to value it at roughly 3572x earnings — about 3537x more generous than today's 34x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Grab Holdings Limited (GRAB) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
12
analysts
10 bullish · 1 bearish · 12 covering GRAB
Strong Buy
0
Buy
10
Hold
1
Sell
1
Strong Sell
0
Consensus Target
$7
+77.7% vs today
Scenario Range
— – $391
Model bear to bull value window
Coverage
12
Published analyst ratings
Valuation Context
34.5x
Forward P/E · Market cap $15.0B
GRAB price targets
Three scenarios for where GRAB stock could go
Current
~$4
Confidence
34 / 100
Updated
May 1, 2026
Where we are now
Current · $4
Base
$31
Bull
$391
Market caseClosest to today
Base case
$31+731.8%
At 287x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Grab Holdings Limited
GRAB · NASDAQTechnologySoftware - ApplicationDecember year-end
Grab is a Southeast Asian superapp that offers ride-hailing, food delivery, and digital financial services through a single mobile platform. It generates revenue primarily from its mobility segment — which includes ride-hailing and taxi services — and its deliveries segment — mainly food and grocery delivery — with financial services and enterprise offerings contributing smaller portions. The company's key advantage is its dominant first-mover position across Southeast Asia, creating a powerful network effect where its massive user base attracts more drivers and merchants, which in turn draws more users.
Market Cap
$15.0B
Revenue TTM
$3.6B
Net Income TTM
$379M
Net Margin
10.7%
GRAB Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
40%Exceptional
12 quarters tracked
Revenue Beat Rate
50%Exceptional
vs consensus estimates
Avg EPS Surprise
-68.9%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q4 2025
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 1 of 4Q4 2025
EPS
$0.01/$0.01
Revenue
$873M/$874M
Q1 2026
EPS
—/$0.01
Revenue
$906M/$923M
Q1 2026
EPS
$0.04/$0.01
Revenue
$906M/$937M
Q2 2026
EPS
$-0.01/$0.02
Revenue
$955M/$922M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q4 2025 | $0.01/$0.01 | -27.5% | $873M/$874M | -0.1% |
| Q1 2026 | —/$0.01 | — | $906M/$923M | -1.8% |
| Q1 2026 | $0.04/$0.01 | +187.1% | $906M/$937M | -3.3% |
| Q2 2026 | $-0.01/$0.02 | -153.3% | $955M/$922M | +3.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$4.3B
+27.3% YoY
FY2
$5.5B
+28.5% YoY
EPS Outlook
FY1
$0.28
+364.8% YoY
FY2
$0.53
+89.0% YoY
Trailing FCF (TTM)-$88M
FCF Margin: -2.5%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
GRAB beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
GRAB Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $3.4B
Product Mix
Latest annual revenue by segment or product family
Deliveries
53.5%
+20.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
MALAYSIA
30.8%
+27.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Deliveries is the largest disclosed segment at 53.5% of FY 2025 revenue, up 20.6% YoY.
MALAYSIA is the largest reported region at 30.8%, up 27.3% YoY.
GRAB Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Overvalued
Fair value est. $2 — implies -32.8% from today's price.
Premium to Fair Value
32.8%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GRAB
59.2x
vs
S&P 500
25.2x
+135% premium
vs Technology Trailing P/E
GRAB
59.2x
vs
Technology
27.5x
+115% premium
vs GRAB 5Y Avg P/E
Today
59.2x
vs
5Y Average
78.3x
24% discount
Forward PE
34.5x
S&P 500
19.1x
+81%
Technology
21.7x
+59%
5Y Avg
—
—
Trailing PE
59.2x
S&P 500
25.2x
+135%
Technology
27.5x
+115%
5Y Avg
78.3x
-24%
PEG Ratio
—
S&P 500
1.75x
—
Technology
1.47x
—
5Y Avg
—
—
EV/EBITDA
35.9x
S&P 500
15.3x
+135%
Technology
17.4x
+107%
5Y Avg
51.7x
-31%
Price/FCF
111.8x
S&P 500
21.3x
+424%
Technology
19.8x
+465%
5Y Avg
90.5x
+24%
Price/Sales
4.4x
S&P 500
3.1x
+42%
Technology
2.4x
+84%
5Y Avg
13.3x
-67%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | GRAB | S&P 500 | Technology | 5Y Avg GRAB |
|---|---|---|---|---|
| Forward PE | 34.5x | 19.1x+81% | 21.7x+59% | — |
| Trailing PE | 59.2x | 25.2x+135% | 27.5x+115% | 78.3x-24% |
| PEG Ratio | — | 1.75x | 1.47x | — |
| EV/EBITDA | 35.9x | 15.3x+135% | 17.4x+107% | 51.7x-31% |
| Price/FCF | 111.8x | 21.3x+424% | 19.8x+465% | 90.5x+24% |
| Price/Sales | 4.4x | 3.1x+42% | 2.4x+84% | 13.3x-67% |
| Dividend Yield | — | 1.88% | 1.18% | — |
GRAB trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGRAB Financial Health
Verdict
Adequate
GRAB returns 1.8% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$3.6B
Revenue Growth
TTM vs prior year
+21.8%
Gross Margin
Gross profit as a share of revenue
43.5%
Operating Margin
Operating income divided by revenue
5.7%
Net Margin
Net income divided by revenue
10.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.09
Free Cash Flow (TTM)
Cash generation after capex
-$88M
FCF Margin
FCF as share of revenue — the primary cash quality signal
-2.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
3.3%
ROA
Return on assets, trailing twelve months
3.3%
Cash & Equivalents
Liquid assets on the balance sheet
$3.4B
Net Cash
Cash exceeds total debt — no net leverage
$1.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
5.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.8%
Dividend
—
Buyback
1.8%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$274M
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
4.0B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageGRAB Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Profitability Concerns
Grab has a history of significant net losses, and while it achieved a net profit in 2025, there is no guarantee of sustained profitability. The financial services segment, particularly digital banking, has seen increased operating losses, with breakeven targeted for the second half of 2026.
High Risk
Regulatory Hurdles
Grab faces significant regulatory risks across its operating markets, including potential changes in regulations and compliance issues. For example, Indonesia is considering a draft decree that could reduce commission caps for ride-hailing companies, impacting revenue.
High Risk
Intense Competition
Grab operates in a highly competitive environment with well-funded rivals like Sea Limited's ShopeeFood and GoTo. This intense competition necessitates continuous spending on incentives to defend market share, which can delay profitability.
Medium
Valuation and Dilution
Grab's stock has faced a 'valuation overhang' since its SPAC merger, with some analyses suggesting it is overvalued. Additionally, a history of shareholder dilution poses a risk to existing investors.
Medium
Capital Management
Increased interest rates could adversely affect Grab's ability to secure debt and increase interest payments, potentially reducing funds available for other investments. This could hinder growth initiatives.
Medium
Incentive Spending
Grab has historically faced challenges with massive losses due to incentive spending aimed at maintaining operations. This spending significantly impacts profitability and could continue to do so.
Lower
Macroeconomic Factors
Broader macroeconomic uncertainties, such as currency fluctuations and changes in consumer spending, can affect Grab's performance. These factors may introduce volatility in revenue and profitability.
Lower
Technological Disruption
While Grab sees limited risk from agentic AI, the broader technological landscape, including autonomous vehicle deployment, presents long-term considerations that could impact its business model.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GRAB Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Market Dominance and Ecosystem Growth
Grab holds significant market share in key Southeast Asian countries, often exceeding 85% in Malaysia, the Philippines, and Thailand, and sharing Indonesia with Gojek. Its 'super-app' model integrates mobility, food and grocery delivery, and financial services, creating a sticky ecosystem that reduces customer acquisition costs and increases user loyalty.
Financial Performance and Profitability
Grab achieved its first full year of net profit in 2025 and has shown consistent growth in Adjusted EBITDA, with targets for significant increases in the coming years. The company has reached an inflection point where it is free cash flow positive and profitable.
Strategic Initiatives and Valuation
The company has a strong cash position, providing flexibility for operations and strategic initiatives, including potential acquisitions like Gojek. Grab has authorized significant share buyback programs, signaling confidence in its future cash flow and growth outlook.
Rapid Growth in Financial Services
Grab's financial services segment, including digital banking and lending, is experiencing rapid growth, with deposits and loan portfolios expanding significantly. This expansion is expected to contribute to overall profitability and revenue growth.
Positive Analyst Sentiment
The consensus among analysts is largely positive, with a 'Strong Buy' rating from multiple sources. Average price targets suggest significant upside potential for the stock in the next 12 months.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GRAB Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$3.77
52W Range Position
9%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$3.48
+8.3% from the low
52-Week High
$6.62
-43.1% from the high
1 Month
+5.90%
3 Month
-11.71%
YTD
-25.8%
1 Year
-22.1%
3Y CAGR
+4.1%
5Y CAGR
-20.5%
10Y CAGR
-10.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GRAB vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
34.5x
vs 23.9x median
+44% above peer median
Revenue Growth
+27.3%
vs +15.4% median
+77% above peer median
Net Margin
10.7%
vs 6.9% median
+55% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GRA GRAB Grab Holdings Limited | $15.0B | 34.5x | +27.3% | 10.7% | Buy | +77.7% |
UBE UBER Uber Technologies, Inc. | $162.9B | 23.5x | +15.4% | 15.9% | Buy | +32.5% |
LYF LYFT Lyft, Inc. | $5.7B | 23.9x | +14.6% | 45.0% | Hold | +35.0% |
BID BIDU Baidu, Inc. | $49.2B | 2.6x | +1.5% | 6.9% | Buy | +10.0% |
SE SE Sea Limited | $54.4B | 25.4x | +31.0% | 6.8% | Buy | +64.0% |
DAS DASH DoorDash, Inc. | $73.2B | 65.9x | +35.5% | 6.3% | Buy | +50.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GRAB Dividend and Capital Return
GRAB returns 1.9% annually — null% through dividends and 1.9% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
1.9%
Dividend + buyback return per year
Buyback Yield
1.9%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$274M
Estimated Shares Retired
73M
Approx. Share Reduction
1.8%
Shares Outstanding
Current diluted share count from the screening snapshot
4.0B
At 1.8%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
FAQ
7 questionsGRAB Investor Questions
Common questions answered from live analyst data and company financials.
01Is Grab Holdings Limited (GRAB) stock a buy or sell in 2026?
Grab Holdings Limited (GRAB) is rated Buy by Wall Street analysts as of 2026. Of 12 analysts covering the stock, 10 rate it Buy or Strong Buy, 1 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $7, implying +77.7% from the current price of $4.
02What is the GRAB stock price target for 2026?
The Wall Street consensus price target for GRAB is $7 based on 12 analyst estimates. The high-end target is $7 (+85.7% from today), and the low-end target is $6 (+53.8%). The base case model target is $31.
03Is Grab Holdings Limited (GRAB) stock overvalued in 2026?
GRAB trades at 34.5x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals significantly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Grab Holdings Limited (GRAB) stock in 2026?
The primary risks for GRAB in 2026 are: (1) Profitability Concerns — Grab has a history of significant net losses, and while it achieved a net profit in 2025, there is no guarantee of sustained profitability. (2) Regulatory Hurdles — Grab faces significant regulatory risks across its operating markets, including potential changes in regulations and compliance issues. (3) Intense Competition — Grab operates in a highly competitive environment with well-funded rivals like Sea Limited's ShopeeFood and GoTo. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Grab Holdings Limited's revenue and earnings forecast?
Analyst consensus estimates GRAB will report consensus revenue of $4.3B (+27.3% year-over-year) and EPS of $0.28 (+364.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.5B in revenue.
06When does Grab Holdings Limited (GRAB) report its next earnings?
A confirmed upcoming earnings date for GRAB is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Grab Holdings Limited generate?
Grab Holdings Limited (GRAB) had a free cash outflow of $88M in free cash flow over the trailing twelve months — a free cash flow margin of 2.5%. GRAB returns capital to shareholders through and share repurchases ($274M TTM).