Grab Holdings Limited (GRAB) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Application
EV/EBITDA
33.78
↓-35% vs avg
5yr avg: 51.74
30Y Low51.7·High51.7
P/FCF
↓
105.84
↓-70% vs avg
5yr avg: 351.99
30Y Low24.3·High156.6
P/B Ratio
↓
2.22
↓-16% vs avg
5yr avg: 2.66
30Y Low1.8·High3.3
ROE
↑
4.1%
↓+105% vs avg
5yr avg: -85.4%
30Y Low-400%·High4%
Debt/EBITDA
5.42
+0% vs avg
5yr avg: 5.42
30Y Low5.4·High5.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GRAB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Grab Holdings Limited trades at 56.0x earnings, 28% below its 5-year average of 78.3x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 93%. On a free-cash-flow basis, the stock trades at 105.8x P/FCF, 70% below the 5-year average of 352.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.2B | $21.0B | $18.9B | $13.1B | $12.3B | $26.7B | $50.8B | — |
| Enterprise Value | $12.8B | $19.6B | $16.3B | $10.8B | $11.7B | $24.0B | $49.0B | — |
| P/E Ratio → | 56.04 | 78.34 | — | — | — | — | — | — |
| P/S Ratio | 4.21 | 6.23 | 6.74 | 5.56 | 8.57 | 39.53 | 108.29 | — |
| P/B Ratio | 2.22 | 3.11 | 2.97 | 2.03 | 1.85 | 3.33 | — | — |
| P/FCF | 105.84 | 156.63 | 24.33 | 875.01 | — | — | — | — |
| P/OCF | 61.40 | 90.86 | 22.13 | 152.62 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
GRAB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Grab Holdings Limited's enterprise value stands at 33.8x EBITDA, 35% below its 5-year average of 51.7x. The Technology sector median is 16.7x, placing the stock at a 102% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.82 | 5.81 | 4.57 | 8.16 | 35.58 | 104.55 | — |
| EV / EBITDA | 33.78 | 51.74 | — | — | — | — | — | — |
| EV / EBIT | 63.38 | 97.07 | — | — | — | — | — | — |
| EV / FCF | — | 146.33 | 20.98 | 718.68 | — | — | — | — |
GRAB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Grab Holdings Limited earns an operating margin of 6.0%. Operating margins have expanded from -22.0% to 6.0% over the past 3 years, signaling improving operational efficiency. ROE of 4.1% is modest. ROIC of 3.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.2% | 42.0% | 36.5% | 5.4% | -58.5% | -105.3% | 256.2% |
| Operating Margin | 6.0% | 6.0% | -6.0% | -22.0% | -95.8% | -230.4% | -276.8% | 356.2% |
| Net Profit Margin | 8.0% | 8.0% | -3.8% | -18.4% | -117.4% | -511.0% | -556.1% | 443.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 4.1% | -1.6% | -6.6% | -22.9% | -399.9% | — | — |
| ROA | 2.5% | 2.5% | -1.2% | -4.8% | -16.5% | -41.5% | -49.8% | -74.6% |
| ROIC | 3.3% | 3.3% | -3.2% | -7.6% | -18.0% | -21.8% | — | -78.8% |
| ROCE | 2.9% | 2.9% | -2.4% | -6.7% | -15.1% | -21.1% | -29.3% | -71.0% |
GRAB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Grab Holdings Limited carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (84% above the sector average of 2.9x). The company holds a net cash position — cash of $3.4B exceeds total debt of $2.1B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.06 | 0.12 | 0.21 | 0.27 | — | — |
| Debt / EBITDA | 5.42 | 5.42 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.20 | -0.41 | -0.36 | -0.09 | -0.33 | — | — |
| Net Debt / EBITDA | -3.64 | -3.64 | — | — | — | — | — | — |
| Debt / FCF | — | -10.30 | -3.35 | -156.33 | — | — | — | — |
| Interest Coverage | 2.85 | 2.85 | -1.32 | -3.71 | -9.51 | -1.09 | -0.88 | -2.78 |
Net cash position: cash ($3.4B) exceeds total debt ($2.1B)
GRAB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.75x means Grab Holdings Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.90x to 1.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.75 | 1.75 | 2.53 | 3.90 | 5.19 | 8.46 | 4.49 | 4.01 |
| Quick Ratio | 1.73 | 1.73 | 2.51 | 3.87 | 5.14 | 8.45 | 4.49 | 4.00 |
| Cash Ratio | 1.47 | 1.47 | 2.17 | 3.41 | 4.64 | 7.87 | 3.95 | 3.57 |
| Asset Turnover | — | 0.28 | 0.30 | 0.27 | 0.16 | 0.06 | 0.09 | -0.17 |
| Inventory Turnover | 22.00 | 22.00 | 27.51 | 30.59 | 28.25 | 267.50 | 321.00 | 264.00 |
| Days Sales Outstanding | — | 108.31 | 84.69 | 75.20 | 103.41 | 155.73 | 143.20 | -29.80 |
GRAB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Grab Holdings Limited returns 1.9% to shareholders annually primarily through share buybacks. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.3% | — | — | — | — | — | — |
| FCF Yield | 0.9% | 0.6% | 4.1% | 0.1% | — | — | — | — |
| Buyback Yield | 1.9% | 1.3% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.9% | 1.3% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $4.2B | $4.0B | $3.9B | $3.8B | $3.7B | $3.9B | $3.9B |
Peer Comparison
Compare GRAB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GRABYou | $14B | 56.0 | 33.8 | 105.8 | 43.2% | 6.0% | 4.1% | 3.3% | 5.4 |
 UBER | $148B | 15.1 | 24.4 | 15.2 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
 LYFT | $5B | 2.1 | — | 4.9 | 41.5% | -3.0% | 140.8% | -6.1% | — |
 BIDU | $38B | 64.4 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
 SE | $56B | 36.2 | 28.4 | 12.4 | 44.7% | 8.1% | 14.9% | 14.1% | 1.8 |
 DASH | $76B | 81.4 | 51.0 | 34.8 | 50.9% | 5.3% | 10.5% | 7.9% | 2.6 |
 CART | $11B | 27.8 | 16.7 | 11.6 | 73.7% | 13.3% | 15.9% | 20.7% | 0.1 |
 GDDY | $10B | 12.4 | 9.8 | 6.5 | 61.6% | 22.9% | 192.9% | 26.2% | 2.9 |
 STNE | $3B | 6.6 | 3.1 | — | 76.2% | 51.4% | 19.6% | 24.7% | 2.1 |
 PAGS | $3B | 6.5 | 6.2 | 8.5 | 50.6% | 37.5% | 14.2% | 9.8% | 4.9 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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GRAB — Frequently Asked Questions
Quick answers to the most common questions about buying GRAB stock.
What is Grab Holdings Limited's P/E ratio?
Grab Holdings Limited's current P/E ratio is 56.0x. The historical average is 78.3x.
What is Grab Holdings Limited's EV/EBITDA?
Grab Holdings Limited's current EV/EBITDA is 33.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 51.7x.
What is Grab Holdings Limited's ROE?
Grab Holdings Limited's return on equity (ROE) is 4.1%. The historical average is -85.4%.
Is GRAB stock overvalued?
Based on historical data, Grab Holdings Limited is trading at a P/E of 56.0x. Compare with industry peers and growth rates for a complete picture.
What are Grab Holdings Limited's profit margins?
Grab Holdings Limited has 43.2% gross margin and 6.0% operating margin.
How much debt does Grab Holdings Limited have?
Grab Holdings Limited's Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.