Grab Holdings (GRAB), the largest special purpose acquisition company (SPAC) merger ever, is having a dismal run this year. It fell to its 52-week lows on Friday, Sept. 18, and is down nearly 44% for the year. It is a penny stock even as the market cap is above $11 billion. Meanwhile, thanks to the sharp decline in GRAB stock, its valuation has plummeted, and it trades at a forward price-to-earnings (P/E) multiple of 21.50x with a P/E-to-growth (PEG) multiple of 0.73x.
The P/E is at a historical low and looks particularly attractive given the nearly 25% topline growth the company is expected to post this year. The earnings per share (EPS) estimates are even rosier, with consensus estimates calling for a 116% rise this year.
