Last 23 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Grab Holdings Limited's quarterly P/E stands at 32.3x, down 82.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 67.5% YoY to 36.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 66.25 | 32.32 | 171.02 | 151.51 | 113.25 | 184.37 | 155.74 | — | — | 84.25 | — | — | — |
| — | -82.5% | +9.8% | — | — | +118.8% | — | — | — | — | — | — | — | |
| P/S Ratio | 4.97 | 6.10 | 7.22 | 6.51 | 6.21 | 6.49 | 5.64 | 5.30 | 4.73 | 5.05 | 5.62 | 5.90 | 5.52 |
| — | -6.1% | +27.9% | +22.9% | +31.3% | +28.5% | +0.3% | -10.2% | -14.4% | -17.9% | -14.7% | -21.7% | -61.2% | |
| P/B Ratio | 2.63 | 3.27 | 3.87 | 3.35 | 2.97 | 3.12 | 2.51 | 2.22 | 1.95 | 2.04 | 2.19 | 2.09 | 1.78 |
| — | +4.7% | +54.0% | +51.1% | +52.0% | +53.1% | +14.9% | +6.0% | +10.0% | +9.9% | +49.5% | +55.0% | +5.0% | |
| P/FCF | 124.99 | 112.75 | — | 104.55 | 84.25 | 22.25 | 13.37 | 13.64 | — | — | 11.57 | — | — |
| — | +406.7% | — | +666.6% | — | — | +15.6% | — | — | — | — | — | — | |
| EV / EBITDA | 40.55 | 35.97 | 81.27 | 101.80 | 220.60 | 110.56 | — | — | — | — | — | — | — |
| — | -67.5% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 76.08 | 54.52 | 92.52 | 88.84 | 144.53 | — | 154.53 | — | — | 104.36 | — | — | — |
| — | — | -40.1% | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Grab Holdings Limited's operating margin was 10.5% in Q4 2025, up 7.4 pp QoQ and up 10.2 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 2.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.8% | 43.8% | 43.2% | 41.9% | 43.5% | 42.9% | 41.6% | 39.7% | 42.3% | 39.0% | 33.7% | 29.1% |
| — | +0.8% | +2.1% | +4.0% | +5.7% | +2.8% | +9.9% | +23.4% | +36.1% | +86.1% | +144.4% | +775.8% | +181.0% | |
| Operating Margin | 6.0% | 10.5% | 3.1% | 0.9% | -2.7% | 0.3% | -5.3% | -8.4% | -11.5% | -6.9% | -15.1% | -31.0% | -38.9% |
| — | +3905.2% | +158.3% | +110.1% | +76.3% | +103.8% | +64.9% | +72.8% | +70.4% | +86.4% | +80.1% | +74.1% | +80.1% | |
| Net Margin | 8.0% | 18.9% | 4.2% | 4.3% | 3.1% | 3.4% | 3.6% | -8.0% | -15.9% | 9.5% | -14.8% | -23.8% | -46.5% |
| — | +454.6% | +16.7% | +153.5% | +119.5% | -64.2% | +124.5% | +66.5% | +65.7% | +112.3% | +83.5% | +86.0% | +74.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 2.6% | 0.6% | 0.5% | 0.4% | 0.4% | 0.4% | -0.8% | -1.6% | 1.0% | -1.4% | -2.1% | -3.7% |
| — | +533.5% | +41.2% | +165.2% | +123.0% | -58.0% | +128.4% | +60.0% | +56.1% | +117.0% | +70.6% | +71.6% | +31.3% | |
| ROA | 2.5% | 1.5% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | -0.6% | -1.2% | 0.7% | -1.1% | -1.6% | -2.8% |
| — | +420.6% | +11.6% | +152.9% | +120.7% | -60.5% | +127.4% | +60.7% | +55.9% | +117.8% | +67.8% | +68.5% | +27.4% | |
| ROIC | 3.3% | 1.3% | 0.4% | 0.1% | -0.4% | 0.0% | -0.7% | -0.9% | -1.3% | -0.8% | -1.6% | -2.7% | -2.8% |
| — | +3273.5% | +158.9% | +112.9% | +68.9% | +104.8% | +55.6% | +64.8% | +53.0% | +72.8% | +53.1% | +39.1% | +50.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Grab Holdings Limited's Debt/EBITDA ratio is 14.3x, down from 28.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 31.1% YoY to 1.75x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.33 | 0.30 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.12 | 0.12 | 0.12 | 0.12 |
| — | +430.1% | +543.3% | +546.6% | +26.3% | -53.3% | -58.5% | -61.5% | -60.6% | -40.2% | -60.1% | -60.1% | -59.0% | |
| Debt / EBITDA | 5.42 | 14.26 | 28.88 | 39.85 | 20.26 | 9.33 | — | — | — | — | — | — | — |
| — | +52.8% | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.75 | 1.75 | 1.83 | 1.88 | 2.49 | 2.53 | 2.70 | 3.00 | 3.26 | 3.90 | 3.79 | 4.85 | 5.39 |
| — | -31.1% | -32.2% | -37.2% | -23.7% | -35.1% | -28.9% | -38.1% | -39.5% | -24.7% | -46.7% | -34.6% | -33.3% | |
| Quick Ratio | 1.73 | 1.73 | 1.81 | 1.87 | 2.46 | 2.51 | 2.67 | 2.97 | 3.22 | 3.87 | 3.76 | 4.81 | 5.34 |
| — | -31.2% | -32.3% | -37.2% | -23.7% | -35.1% | -28.9% | -38.1% | -39.6% | -24.7% | -46.9% | -34.8% | -33.5% | |
| Interest Coverage | 2.85 | 3.39 | 1.00 | 0.58 | -4.20 | — | — | -1.81 | -1.44 | -2.50 | -5.17 | -9.78 | -4.43 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonGrab Holdings Limited's current P/E is 66.2x. The average P/E over the last 4 quarters is 117.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Grab Holdings Limited's current operating margin is 6.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Grab Holdings Limited's business trajectory between earnings reports.