Last 24 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 29.9x, down 73.6% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 86.6% YoY to 29.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 56.04 | 29.90 | 32.32 | 171.02 | 151.51 | 113.25 | 184.37 | 155.74 | — | — | 84.25 | — | — |
| — | -73.6% | -82.5% | +9.8% | — | — | +118.8% | — | — | — | — | — | — | |
| P/S Ratio | 4.21 | 4.26 | 6.10 | 7.22 | 6.51 | 6.21 | 6.49 | 5.64 | 5.30 | 4.73 | 5.05 | 5.62 | 5.90 |
| — | -31.5% | -6.1% | +27.9% | +22.9% | +31.3% | +28.5% | +0.3% | -10.2% | -14.4% | -17.9% | -14.7% | -21.7% | |
| P/B Ratio | 2.22 | 2.49 | 3.27 | 3.87 | 3.35 | 2.97 | 3.12 | 2.51 | 2.22 | 1.95 | 2.04 | 2.19 | 2.09 |
| — | -16.2% | +4.7% | +54.0% | +51.1% | +52.0% | +53.1% | +14.9% | +6.0% | +10.0% | +9.9% | +49.5% | +55.0% | |
| P/FCF | 105.84 | — | 112.75 | — | 104.55 | 84.25 | 22.25 | 13.37 | 13.64 | — | — | 11.57 | — |
| — | — | +406.7% | — | +666.6% | — | — | +15.6% | — | — | — | — | — | |
| EV / EBITDA | 33.78 | 29.56 | 35.97 | 81.27 | 101.80 | 220.60 | 110.56 | — | — | — | — | — | — |
| — | -86.6% | -67.5% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 63.38 | 50.85 | 54.52 | 92.52 | 88.84 | 144.53 | — | 154.53 | — | — | 104.36 | — | — |
| — | -64.8% | — | -40.1% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Grab Holdings Limited's operating margin was 7.9% in Q1 2026, down 2.6 pp QoQ and up 10.6 pp YoY. The trailing four-quarter average of 5.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 3.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.4% | 43.8% | 43.8% | 43.2% | 41.9% | 43.5% | 42.9% | 41.6% | 39.7% | 42.3% | 39.0% | 33.7% |
| — | +3.4% | +0.8% | +2.1% | +4.0% | +5.7% | +2.8% | +9.9% | +23.4% | +36.1% | +86.1% | +144.4% | +775.8% | |
| Operating Margin | 6.0% | 7.9% | 10.5% | 3.1% | 0.9% | -2.7% | 0.3% | -5.3% | -8.4% | -11.5% | -6.9% | -15.1% | -31.0% |
| — | +389.1% | +3905.2% | +158.3% | +110.1% | +76.3% | +103.8% | +64.9% | +72.8% | +70.4% | +86.4% | +80.1% | +74.1% | |
| Net Margin | 8.0% | 14.2% | 18.9% | 4.2% | 4.3% | 3.1% | 3.4% | 3.6% | -8.0% | -15.9% | 9.5% | -14.8% | -23.8% |
| — | +358.7% | +454.6% | +16.7% | +153.5% | +119.5% | -64.2% | +124.5% | +66.5% | +65.7% | +112.3% | +83.5% | +86.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 2.0% | 2.6% | 0.6% | 0.5% | 0.4% | 0.4% | 0.4% | -0.8% | -1.6% | 1.0% | -1.4% | -2.1% |
| — | +446.6% | +533.5% | +41.2% | +165.2% | +123.0% | -58.0% | +128.4% | +60.0% | +56.1% | +117.0% | +70.6% | +71.6% | |
| ROA | 2.5% | 1.1% | 1.5% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | -0.6% | -1.2% | 0.7% | -1.1% | -1.6% |
| — | +352.9% | +420.6% | +11.6% | +152.9% | +120.7% | -60.5% | +127.4% | +60.7% | +55.9% | +117.8% | +67.8% | +68.5% | |
| ROIC | 3.3% | 1.0% | 1.3% | 0.4% | 0.1% | -0.4% | 0.0% | -0.7% | -0.9% | -1.3% | -0.8% | -1.6% | -2.7% |
| — | +354.5% | +3273.5% | +158.9% | +112.9% | +68.9% | +104.8% | +55.6% | +64.8% | +53.0% | +72.8% | +53.1% | +39.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Grab Holdings Limited's Debt/EBITDA ratio is 15.1x, up from 14.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 32.8% YoY to 1.67x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.30 | 0.33 | 0.30 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.12 | 0.12 | 0.12 |
| — | +400.9% | +430.1% | +543.3% | +546.6% | +26.3% | -53.3% | -58.5% | -61.5% | -60.6% | -40.2% | -60.1% | -60.1% | |
| Debt / EBITDA | 5.42 | 15.10 | 14.26 | 28.88 | 39.85 | 20.26 | 9.33 | — | — | — | — | — | — |
| — | -25.5% | +52.8% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.75 | 1.67 | 1.75 | 1.83 | 1.88 | 2.49 | 2.53 | 2.70 | 3.00 | 3.26 | 3.90 | 3.79 | 4.85 |
| — | -32.8% | -31.1% | -32.2% | -37.2% | -23.7% | -35.1% | -28.9% | -38.1% | -39.5% | -24.7% | -46.7% | -34.6% | |
| Quick Ratio | 1.73 | 1.65 | 1.73 | 1.81 | 1.87 | 2.46 | 2.51 | 2.67 | 2.97 | 3.22 | 3.87 | 3.76 | 4.81 |
| — | -32.9% | -31.2% | -32.3% | -37.2% | -23.7% | -35.1% | -28.9% | -38.1% | -39.6% | -24.7% | -46.9% | -34.8% | |
| Interest Coverage | 2.85 | 2.42 | 3.39 | 2.41 | 4.58 | 5.80 | — | — | -0.65 | -0.96 | 1.44 | -3.61 | -7.50 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying GRAB stock.
Grab Holdings Limited's current P/E is 56.0x. The average P/E over the last 4 quarters is 96.2x. 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.