As of Q4'25, GRAB's latest P/B Ratio stands at 2.571, reflecting a decrease from the previous quarter's peak of 3.654. This value remains above the historical average for the period shown, indicating a relatively strong market valuation compared to book value. From Q1'23 to Q4'25, the P/B Ratio for GRAB has exhibited a generally upward trend, rising from 1.646 to a high of 3.654 in Q3'25 before pulling back in the final quarter. The chart shows periods of both growth and volatility, with notable surges in Q3'24 and Q3'25, suggesting intermittent increases in investor confidence or shifts in underlying fundamentals over the observed timeframe.