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GRAB
Grab Holdings Limited · Technology
$3.57
+2.00% this month
VERSUS
⟷
COMPARE
MELI
MercadoLibre, Inc. · Technology
$1,635.15
+2.53% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
GRAB
3
MELI
1
Comparison scoreboard
GRAB LEADS 3/5AI Score
GRAB 24.4
MELI ✓62.8
1Y Return
GRAB ✓-23.39%
MELI -31.95%
Fwd P/E
GRAB ✓26.00
MELI 27.19
Target Up.
GRAB ✓+67.23%
MELI +39.47%
Op. Margin
GRAB N/A
MELI 6.91%
Metrics last refreshed: 6/20/2026
Quick take
GRAB vs MELI Stock Comparison: AI Score, Valuation, Performance and Upside
Grab and MercadoLibre are both dominant superapp/e-commerce platforms in their respective emerging market regions — Southeast Asia (Grab) and Latin America (MercadoLibre). Both have achieved marketplace leadership and are monetizing through fintech. MercadoLibre is more mature with demonstrated path to profitability and larger fintech scale. Grab is earlier-stage with slower profitability achievement but Southeast Asia's demographic tailwinds.
GRAB vs MELI is the Southeast Asia superapp integrating ride-hailing, delivery, and digital financial services for 650M underpenetrated consumers across 8 countries (Grab) versus the Latin America e-commerce and fintech leader with the largest LatAm marketplace and 50M+ MercadoPago fintech users across 18+ countries (MercadoLibre) — SE Asia superapp scale vs LatAm marketplace and fintech compounding.
Live analysis · updated 6/20/2026
GRAB holds the edge across 3 of 5 key metrics in this comparison. GRAB leads on both 1-year return (-23.39%) and forward P/E (26.00x vs 27.19x for MELI), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for GRAB (+67.23%) than for MELI (+39.47%).
Normalized 1Y performance
GRAB
MELI
Recent returns
GRAB
MELI
Analyst price targets & sentiment
GRAB · 26 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$4.10
analyst high$8.00
analyst mean$5.97
current price$3.57
+67.2% upside to analyst mean
MELI · 25 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.6/5.0)
Price target range
analyst low$1,868.21
analyst high$3,200.00
analyst mean$2,216.96
current price$1,635.15
+39.5% upside to analyst mean
Who should consider this stock?
GRAB may suit investors who:
- →prefer Southeast Asia superapp exposure to 650M people with rising middle class and rapidly growing digital adoption across ride-hailing, food delivery, and fintech
- →value Grab's superapp stickiness model — single app serving transportation, delivery, and payments creates compounding consumer relationships across daily use cases
- →want GXS Bank digital banking license exposure as Grab expands into deposits and lending for Southeast Asia's underbanked population
- →are comfortable with slower path to profitability from subsidy competition, Sea Limited and local competitor intensity, and 8-country regulatory complexity
MELI may suit investors who:
- →prefer the more mature LatAm platform leader with demonstrated marketplace profitability and rapidly scaling MercadoPago fintech approaching financial inclusion at scale
- →value MercadoLibre's fintech credit flywheel — marketplace data enabling superior underwriting for consumers without formal credit history creates financial inclusion profit
- →want the highest-quality emerging market platform investment with 20 years of execution evidence across 18+ LatAm countries and multiple economic cycles
- →are comfortable with LatAm currency risk, Amazon LatAm expansion competition, and fintech credit quality in economic downturns
Performance & AI score
| Metric | GRAB | MELI |
|---|---|---|
| AI score | 24.4 | 62.8 |
| AI rank | #3158 | #88 |
| Latest close | $3.57 | $1,635.15 |
| 1M return | +2.00% | +2.53% |
| 6M return | -26.69% | -14.67% |
| 1Y return | -23.39% | -31.95% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | GRAB | MELI |
|---|---|---|
| 1Y ago | $7.66K (-23.4%) started 2025-06-18 | $6.81K (-31.9%) started 2025-06-18 |
| 5Y ago | $3.04K (-69.6%) started 2021-06-18 | $11.14K (+11.4%) started 2021-06-18 |
| 10Y ago | $3K (-70.0%) started 2020-12-01 | $121.04K (+1110.4%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | GRAB | MELI |
|---|---|---|
| Market cap | $14.6B | $80.59B |
| Trailing P/E | 89.25 | 42.02 |
| Forward P/E | 26.00 | 27.19 |
| Price/Sales | 4.11 | 5.62 |
| EV/Revenue | 2.75 | 2.75 |
| Analyst target | $5.97 | $2,216.96 |
| Target upside | +67.23% | +39.47% |
Growth, profitability & risk
| Metric | GRAB | MELI |
|---|---|---|
| Revenue growth | 23.50% | 49.00% |
| Earnings growth | N/A | -15.60% |
| EPS growth | N/A | -15.60% |
| FCF margin | +9.28% | -12.91% |
| Operating margin | N/A | 6.91% |
| Profit margin | 10.70% | 6.04% |
| ROIC proxy | 4.77% | 31.26% |
| Return on equity | 4.77% | 31.26% |
| Dividend yield | 0.00% | N/A |
| Beta | 0.89 | 1.35 |
| Debt/equity | 29.81 | 169.98 |
| Current ratio | 1.67 | 1.16 |
| Quick ratio | 1.47 | 0.44 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
GRAB max drawdown49.30%
MELI max drawdown40.82%
GRAB max wkly drop10.45%
MELI max wkly drop15.16%
5Y risk snapshot
GRAB max drawdown86.46%
MELI max drawdown68.64%
GRAB max wkly drop42.07%
MELI max wkly drop33.57%
10Y risk snapshot
GRAB max drawdown86.46%
MELI max drawdown69.12%
GRAB max wkly drop42.07%
MELI max wkly drop33.57%
Performance metrics by period
| Period | Metric | GRAB | MELI |
|---|---|---|---|
| 1Y | Growth | -23.39% | -31.95% |
| CAGR | -23.40% | -31.96% | |
| Sharpe ratio | -0.63 | -0.89 | |
| Max drawdown | 49.30% | 40.82% | |
| Max daily drop | 7.56% | 12.70% | |
| Max wkly drop | 10.45% | 15.16% | |
| 5Y | Growth | -69.64% | +11.38% |
| CAGR | -21.22% | +2.18% | |
| Sharpe ratio | -0.17 | 0.20 | |
| Max drawdown | 86.46% | 68.64% | |
| Max daily drop | 37.28% | 16.88% | |
| Max wkly drop | 42.07% | 33.57% | |
| 10Y | Growth | -69.97% | +1110.42% |
| CAGR | -19.51% | +28.34% | |
| Sharpe ratio | -0.13 | 0.66 | |
| Max drawdown | 86.46% | 69.12% | |
| Max daily drop | 37.28% | 16.88% | |
| Max wkly drop | 42.07% | 33.57% |
Business comparison
| Category | GRAB | MELI |
|---|---|---|
| Company | Grab Holdings Limited | MercadoLibre, Inc. |
| Sector | Technology | Consumer Cyclical |
| Industry | N/A | Internet Retail |
| Core business | Grab is the leading superapp in Southeast Asia — operating ride-hailing, food delivery (GrabFood), grocery delivery (GrabMart), digital payments (GrabPay), and digital banking (GXS Bank) across 8 Southeast Asian countries including Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Myanmar, and Cambodia. Grab's platform ecosystem integrates transportation, deliveries, and financial services in a single app — similar to a combination of Uber + DoorDash + Venmo + digital banking for Southeast Asia's 650M+ population. | MercadoLibre is the dominant e-commerce and fintech platform across Latin America — operating the largest marketplace (Mercado Libre) and the largest digital payments network (MercadoPago) across 18+ countries including Brazil, Mexico, Argentina, and Colombia. MercadoPago has expanded beyond Mercado Libre marketplace payments into a full digital banking substitute — with 50M+ fintech users holding digital accounts, credit cards, and lending products independent of marketplace commerce. |
| Investor focus | Investors track gross merchandise volume (GMV) by segment, Grab's path to profitability, monthly transacting users, and GrabPay financial services adoption. | Investors track MercadoPago total payment volume (TPV), GMV by market, fintech revenue growth, and unique fintech active users. |
GRAB strengths
- →Superapp model creates platform stickiness: using Grab for rides naturally expands to food delivery and payments — each service reinforces the others in a single app experience
- →Southeast Asia's underpenetrated digital economy: e-commerce, digital payments, and fintech penetration is growing rapidly across 650M people with rising smartphone adoption and middle class income growth
- →GXS Bank digital banking expansion: Singapore and Malaysia digital bank licenses allow Grab to expand into deposit-taking and lending — deeper financial services integration than pure payments
MELI strengths
- →Latin America dominance with decades of runway: MercadoLibre has built the most comprehensive LatAm digital ecosystem — marketplace + logistics + payments + credit in 18+ countries with still-low e-commerce penetration
- →Fintech flywheel: marketplace transaction data enables superior credit underwriting — MercadoPago extends credit to buyers and sellers that formal banks reject, creating financial inclusion revenue at scale
- →Brazil and Mexico as twin growth engines: Brazil (40% of LatAm GDP) and Mexico (20%) provide deep market concentration opportunities alongside geographic diversification across 18 countries
Risks to watch — GRAB
- →Path to profitability is slow: Grab has invested heavily in driver/merchant subsidies to build market share, creating persistent losses even as revenue grows
- →Competition from Sea Limited (Shopee/SeaMoney), Gojek (in Indonesia), and local competitors in each market reduces Grab's ability to raise prices as subsidy levels decrease
- →Southeast Asian markets have different regulatory environments — navigating 8 country regulatory frameworks for banking, payments, and transportation is complex and creates country-specific risk
Risks to watch — MELI
- →Currency risk: LatAm currencies (especially Argentine peso) create FX translation headwinds — Argentina's hyperinflation compresses reported dollar revenue from Argentine operations
- →Amazon Brazil/Mexico expanding aggressively: Amazon's investments in LatAm logistics and marketplace compete directly for MercadoLibre's core commerce market share
- →Credit cycle risk: MercadoPago extends credit to consumers with limited formal credit history — economic downturns in LatAm create elevated loan default rates that reduce fintech margins
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