Grab Holdings Ltd (GRAB) - Net Assets
Based on the latest financial reports, Grab Holdings Ltd (GRAB) has net assets worth $6.76 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.98 Billion) and total liabilities ($5.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GRAB financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.76 Billion |
| % of Total Assets | 56.39% |
| Annual Growth Rate | N/A |
| 5-Year Change | -15.74% |
| 10-Year Change | N/A |
| Growth Volatility | 8.41 |
Grab Holdings Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Grab Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Grab Holdings Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Grab Holdings Ltd (2019–2025)
The table below shows the annual net assets of Grab Holdings Ltd from 2019 to 2025. For live valuation and market cap data, see Grab Holdings Ltd (GRAB) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.76 Billion | +6.39% |
| 2024-12-31 | $6.35 Billion | -1.81% |
| 2023-12-31 | $6.47 Billion | -2.84% |
| 2022-12-31 | $6.66 Billion | -16.98% |
| 2021-12-31 | $8.02 Billion | +227.41% |
| 2020-12-31 | $-6.29 Billion | -49.01% |
| 2019-12-31 | $-4.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grab Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 948800000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.86 Billion | 354.65% |
| Other Comprehensive Income | $337.00 Million | 5.01% |
| Total Equity | $6.73 Billion | 100.00% |
Grab Holdings Ltd Competitors by Market Cap
The table below lists competitors of Grab Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Satellite Petrochemical Co Ltd
SHE:002648
|
$14.59 Billion |
|
Lincoln Electric Holdings Inc
NASDAQ:LECO
|
$14.59 Billion |
|
ZTO Express (Cayman) Inc
NYSE:ZTO
|
$14.60 Billion |
|
WUXI BIOLOGICS-00000083
F:1FW2
|
$14.60 Billion |
|
REA Group Limited
F:R9C
|
$14.56 Billion |
|
Vodacom Group Ltd
JSE:VOD
|
$14.51 Billion |
|
Joint Stock Company Kaspi.kz
NASDAQ:KSPI
|
$14.51 Billion |
|
Zhejiang Juhua Co Ltd
SHG:600160
|
$14.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grab Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,399,000,000 to 6,728,000,000, a change of 329,000,000 (5.1%).
- Net income of 268,000,000 contributed positively to equity growth.
- Share repurchases of 274,000,000 reduced equity.
- Other comprehensive income increased equity by 140,000,000.
- Other factors increased equity by 195,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $268.00 Million | +3.98% |
| Share Repurchases | $274.00 Million | -4.07% |
| Other Comprehensive Income | $140.00 Million | +2.08% |
| Other Changes | $195.00 Million | +2.9% |
| Total Change | $- | 5.14% |
Book Value vs Market Value Analysis
This analysis compares Grab Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1.09 | $3.67 | x |
| 2020-12-31 | $-2.05 | $3.67 | x |
| 2021-12-31 | $2.14 | $3.67 | x |
| 2022-12-31 | $1.73 | $3.67 | x |
| 2023-12-31 | $1.66 | $3.67 | x |
| 2024-12-31 | $1.60 | $3.67 | x |
| 2025-12-31 | $1.60 | $3.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grab Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.95%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.78x
- Recent ROE (3.98%) is above the historical average (-10.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | -0.17x | 0.00x | $-3.32 Billion |
| 2020 | 0.00% | -556.08% | 0.09x | 0.00x | $-1.97 Billion |
| 2021 | -43.01% | -510.96% | 0.06x | 1.39x | $-4.25 Billion |
| 2022 | -25.49% | -117.45% | 0.16x | 1.39x | $-2.34 Billion |
| 2023 | -6.73% | -18.40% | 0.27x | 1.36x | $-1.08 Billion |
| 2024 | -1.64% | -3.75% | 0.30x | 1.45x | $-744.90 Million |
| 2025 | 3.98% | 7.95% | 0.28x | 1.78x | $-404.80 Million |
Industry Comparison
This section compares Grab Holdings Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grab Holdings Ltd (GRAB) | $6.76 Billion | 0.00% | 0.77x | $14.57 Billion |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Grab Holdings Ltd
Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It operates through four segments: Deliveries, Mobility, Financial services, and Others. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, del… Read more