In the latest reporting period of Q1'26, the P/S Ratio for GRAB stands at 4.236. This represents a continued decline from the previous quarter and marks the lowest valuation multiple recorded in the provided time series. From Q2'23 to Q1'26, the chart reveals a volatile trend with the P/S Ratio oscillating between a high of 7.331 in Q3'24 and the current low. Following a period of relative expansion throughout mid-2025, where the ratio peaked at 7.322 in Q3'25, the metric has experienced a significant downward trajectory over the last two quarters. This recent contraction suggests a notable compression in valuation multiples relative to revenue as the company moves into FY2026.