We’ve recently updated our valuation analysis.

Grab Holdings Valuation

Is GRAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRAB?

Other financial metrics that can be useful for relative valuation.

GRAB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.7x
Enterprise Value/EBITDA-4.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GRAB's PS Ratio compare to its peers?

The above table shows the PS ratio for GRAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.9x
YMM Full Truck Alliance
8.5x38.0%US$7.4b
UHAL AMERCO
2xn/aUS$11.7b
DIDI.Y DiDi Global
0.5x3.8%US$11.5b
KNX Knight-Swift Transportation Holdings
1.2x-0.2%US$8.8b
GRAB Grab Holdings
10.2x27.9%US$10.8b

Price-To-Sales vs Peers: GRAB is expensive based on its Price-To-Sales Ratio (10.2x) compared to the peer average (3x).


Price to Earnings Ratio vs Industry

How does GRAB's PE Ratio compare vs other companies in the US Transportation Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.8%
n/an/an/a

Price-To-Sales vs Industry: GRAB is expensive based on its Price-To-Sales Ratio (10.2x) compared to the US Transportation industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is GRAB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRAB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: GRAB is expensive based on its Price-To-Sales Ratio (10.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Share Price vs Fair Value

What is the Fair Price of GRAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GRAB ($2.8) is trading below our estimate of fair value ($9.04)

Significantly Below Fair Value: GRAB is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GRAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.80
US$4.17
+48.9%
20.8%US$6.00US$2.90n/a24
Nov ’23US$2.64
US$4.16
+57.6%
23.3%US$6.00US$2.58n/a24
Oct ’23US$2.63
US$4.44
+68.8%
31.1%US$9.00US$2.83n/a21
Sep ’23US$2.87
US$4.44
+54.8%
31.4%US$9.00US$2.83n/a21
Aug ’23US$2.88
US$4.47
+55.2%
36.4%US$9.00US$2.29n/a21
Jul ’23US$2.38
US$4.83
+102.9%
33.6%US$9.00US$2.85n/a20
Jun ’23US$2.61
US$4.97
+90.6%
30.7%US$8.00US$2.90n/a17
May ’23US$2.95
US$6.09
+106.6%
39.1%US$13.00US$3.40n/a17
Apr ’23US$3.47
US$6.64
+91.3%
35.0%US$13.00US$3.60n/a15
Mar ’23US$5.52
US$8.86
+60.5%
27.9%US$13.00US$4.76n/a13
Feb ’23US$5.70
US$10.52
+84.5%
18.8%US$13.00US$7.90n/a12
Jan ’23US$7.13
US$12.00
+68.3%
9.7%US$13.00US$10.00n/a7
Dec ’22US$11.01
US$16.50
+49.9%
21.2%US$20.00US$13.00n/a2
Nov ’22US$12.18
US$14.75
+21.1%
11.9%US$16.50US$13.00US$2.642
Oct ’22US$10.31
US$14.75
+43.1%
11.9%US$16.50US$13.00US$2.632
Sep ’22US$10.69
US$16.50
+54.3%
0%US$16.50US$16.50US$2.871
Aug ’22US$10.68
US$16.00
+49.8%
0%US$16.00US$16.00US$2.881
Jul ’22US$11.64
US$16.00
+37.5%
0%US$16.00US$16.00US$2.381
Jun ’22US$11.73
US$15.00
+27.9%
0%US$15.00US$15.00US$2.611

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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