7 years of historical data (2019–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Grab Holdings Limited trades at 66.2x earnings, 15% 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 25.2x, the stock trades at a premium of 163%. On a free-cash-flow basis, the stock trades at 125.0x P/FCF, 64% 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 | $16.7B | $21.0B | $18.9B | $13.1B | $12.3B | $26.7B | $50.8B | — |
| Enterprise Value | $15.4B | $19.6B | $16.3B | $10.8B | $11.7B | $24.0B | $49.0B | — |
| P/E Ratio → | 66.25 | 78.34 | — | — | — | — | — | — |
| P/S Ratio | 4.97 | 6.23 | 6.74 | 5.56 | 8.57 | 39.53 | 108.29 | — |
| P/B Ratio | 2.63 | 3.11 | 2.97 | 2.03 | 1.85 | 3.33 | — | — |
| P/FCF | 124.99 | 156.63 | 24.33 | 875.01 | — | — | — | — |
| P/OCF | 72.51 | 90.86 | 22.13 | 152.62 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Grab Holdings Limited's enterprise value stands at 40.6x EBITDA, 22% below its 5-year average of 51.7x. The Technology sector median is 15.7x, placing the stock at a 158% 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 | 40.55 | 51.74 | — | — | — | — | — | — |
| EV / EBIT | 76.08 | 97.07 | — | — | — | — | — | — |
| EV / FCF | — | 146.33 | 20.98 | 718.68 | — | — | — | — |
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.
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
Grab Holdings Limited carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (83% above the sector average of 3.0x). 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 | -4.10 | -5.24 | -8.32 | -0.91 | -0.87 | -2.86 |
Net cash position: cash ($3.4B) exceeds total debt ($2.1B)
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Grab Holdings Limited returns 1.6% to shareholders annually primarily through share buybacks. The earnings yield of 1.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 1.3% | — | — | — | — | — | — |
| FCF Yield | 0.8% | 0.6% | 4.1% | 0.1% | — | — | — | — |
| Buyback Yield | 1.6% | 1.3% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.6% | 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 |
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 | $17B | 66.2 | 40.6 | 125.0 | 43.2% | 6.0% | 4.1% | 3.3% | 5.4 |
| SHOP | $157B | 128.4 | 104.1 | 78.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
| MANH | $8B | 37.6 | 27.3 | 21.7 | 55.7% | 26.1% | 71.7% | 236.8% | 0.4 |
| STUB | $3B | -63.8 | 27.1 | 12.0 | 81.1% | 7.8% | -0.2% | 3.6% | 14.3 |
| PTRN | $2B | -8.6 | 14.5 | 32.6 | 43.5% | 4.9% | 19.6% | 29.8% | 0.3 |
| STEC | $1B | 1.5 | 1.5 | 2.1 | 41.2% | 9.4% | 10.7% | 28.6% | 0.7 |
| VTEX | $333M | 55.0 | 22.0 | 13.2 | 73.8% | 4.5% | 4.8% | 3.3% | 0.2 |
| CMRC | $226M | -11.6 | — | 12.0 | 78.7% | -4.7% | -53.2% | -7.5% | — |
| AZ | $219M | -6.5 | — | — | 27.7% | -204.2% | -749.5% | — | — |
| TRAK | $158M | 24.9 | 17.4 | 18.9 | 83.7% | 27.5% | 14.5% | 21.4% | 0.1 |
| EB | $69M | -26.0 | — | 2.0 | 69.7% | -9.5% | -8.6% | -76.5% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonGrab Holdings Limited's current P/E ratio is 66.2x. The historical average is 78.3x.
Grab Holdings Limited's current EV/EBITDA is 40.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 51.7x.
Grab Holdings Limited's return on equity (ROE) is 4.1%. The historical average is -85.4%.
Based on historical data, Grab Holdings Limited is trading at a P/E of 66.2x. Compare with industry peers and growth rates for a complete picture.
Grab Holdings Limited has 43.2% gross margin and 6.0% operating margin.
Grab Holdings Limited's Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.