As of the most recent data point for Q4'25, GRAB's EV/Sales ratio stands at 17.16. This represents a notable decrease from the previous quarter's value of 25.41, indicating a significant contraction in valuation relative to sales at the end of the observed period. Over the period from Q1'23 to Q4'25, the EV/Sales ratio for GRAB has exhibited considerable volatility, fluctuating between a low of 15.32 in Q4'23 and a high of 25.41 in Q3'25. The trend shows several sharp increases and declines, with no sustained directional movement, highlighting a volatile valuation environment. Notably, the ratio peaked in Q3'25 before dropping sharply in Q4'25, suggesting recent market reassessment of the company's sales relative to enterprise value.