(ING) ING - Ratings and Ratios

Exchange: NYSE • Country: Netherlands • Currency: USD • Type: Common Stock • ISIN: US4568371037

Banking, Lending, Mortgages, Insurance, Investment

EPS (Earnings per Share)

EPS (Earnings per Share) of ING over the last years for every Quarter: "2020-12": 0.2303, "2021-03": 0.3135, "2021-06": 0.4351, "2021-09": 0.4041, "2021-12": 0.2854, "2022-03": 0.12, "2022-06": 0.33, "2022-09": 0.25, "2022-12": 0.33, "2023-03": 0.48, "2023-06": 1.14, "2023-09": 0.5901, "2023-12": 0.4873, "2024-03": 0.48, "2024-06": 0.5828, "2024-09": 0.31, "2024-12": 0.3933, "2025-03": 0.53, "2025-06": 0.64, "2025-09": 0.7,

Revenue

Revenue of ING over the last years for every Quarter: 2020-12: 4169, 2021-03: 4702, 2021-06: 8365, 2021-09: 4648, 2021-12: 4624, 2022-03: 4599, 2022-06: 9741, 2022-09: 4412, 2022-12: 4868, 2023-03: 5567, 2023-06: 23042, 2023-09: 5842, 2023-12: 5409, 2024-03: 27867, 2024-06: 5716, 2024-09: 5910, 2024-12: 5407, 2025-03: 5636, 2025-06: 24257, 2025-09: 5854,

Dividends

Dividend Yield 7.61%
Yield on Cost 5y 22.86%
Yield CAGR 5y 17.99%
Payout Consistency 69.9%
Payout Ratio 62.2%
Risk via 5d forecast
Volatility 24.1%
Value at Risk 5%th 37.8%
Relative Tail Risk -4.79%
Reward TTM
Sharpe Ratio 2.39
Alpha 77.95
CAGR/Max DD 1.59
Character TTM
Hurst Exponent 0.522
Beta 0.805
Beta Downside 0.849
Drawdowns 3y
Max DD 23.43%
Mean DD 5.79%
Median DD 4.45%

Description: ING ING January 27, 2026

ING Groep N.V. is a Dutch-origin universal bank that serves retail, SME, and corporate clients across the Netherlands, Belgium, Germany, the rest of Europe, and globally. Its operations are organized into five segments-Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking-offering a full suite of products from current and savings accounts to mortgages, business loans, cash-management, trade finance, and digital banking services.

As of the latest Q4 2025 earnings release, ING reported a net profit of €2.9 billion, a 7 % year-over-year increase, and a Common Equity Tier 1 (CET1) ratio of 15.2 %, comfortably above the European Central Bank’s 13.5 % minimum. The bank’s cost-to-income ratio improved to 58.5 % (down from 60.1 % a year earlier), reflecting continued efficiency gains in its digital platform, while loan growth in the Retail Germany segment accelerated to 4.8 % YoY, driven by higher mortgage demand amid rising European housing prices.

Key macro drivers include the ECB’s policy-rate trajectory, which has kept net interest margins (NIM) under pressure, and the accelerating shift toward digital banking that is reshaping cost structures across the sector. ING’s strong digital adoption-over 12 million active online users-positions it to capture fee-based income even as interest-rate volatility persists.

For a deeper quantitative assessment, you might explore ING’s metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 6.07b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.99 > 1.0
NWC/Revenue: -1749 % < 20% (prev -1491 %; Δ -258.4% < -1%)
CFO/TA -0.01 > 3% & CFO -12.05b > Net Income 6.07b
Net Debt (87.61b) to EBITDA (8.82b): 9.93 < 3
Current Ratio: 0.16 > 1.5 & < 3
Outstanding Shares: last quarter (2.96b) vs 12m ago -7.51% < -2%
Gross Margin: 96.99% > 18% (prev 0.98%; Δ 9601 % > 0.5%)
Asset Turnover: 3.84% > 50% (prev 4.28%; Δ -0.44% > 0%)
Interest Coverage Ratio: 0.20 > 6 (EBITDA TTM 8.82b / Interest Expense TTM 43.88b)

Altman Z'' -4.12

A: -0.66 (Total Current Assets 134.75b - Total Current Liabilities 854.52b) / Total Assets 1092.36b
B: 0.03 (Retained Earnings 33.85b / Total Assets 1092.36b)
C: 0.01 (EBIT TTM 8.82b / Avg Total Assets 1070.91b)
D: 0.05 (Book Value of Equity 49.45b / Total Liabilities 1041.79b)
Altman-Z'' Score: -4.12 = D

Beneish M -2.81

DSRI: 1.29 (Receivables 984.0m/834.0m, Revenue 41.15b/44.90b)
GMI: 1.01 (GM 96.99% / 98.35%)
AQI: 1.02 (AQ_t 0.87 / AQ_t-1 0.86)
SGI: 0.92 (Revenue 41.15b / 44.90b)
TATA: 0.02 (NI 6.07b - CFO -12.05b) / TA 1092.36b)
Beneish M-Score: -2.81 (Cap -4..+1) = A

ValueRay F-Score (Strict, 0-100) 25.91

1. Piotroski: 4.0pt
2. FCF Yield: -21.58%
3. FCF Margin: -55.59%
4. Debt/Equity: 3.45
5. Debt/Ebitda: 9.93
6. ROIC - WACC: -12.86%
7. RoE: 11.92%
8. Revenue Trend: 25.86%
9. EPS Trend: 57.53%

What is the price of ING shares?

As of January 28, 2026, the stock is trading at USD 30.03 with a total of 3,883,463 shares traded.
Over the past week, the price has changed by +6.41%, over one month by +8.22%, over three months by +24.52% and over the past year by +90.39%.

Is ING a buy, sell or hold?

ING has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold ING.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ING price?

Issuer Target Up/Down from current
Wallstreet Target Price 26.3 -12.4%
Analysts Target Price 26.3 -12.4%
ValueRay Target Price 45 49.7%

ING Fundamental Data Overview January 24, 2026

Market Cap EUR = 70.27b (83.36b USD * 0.843 USD.EUR)
P/E Trailing = 12.3262
P/E Forward = 10.4275
P/S = 4.1598
P/B = 1.4418
P/EG = 1.5206
Revenue TTM = 41.15b EUR
EBIT TTM = 8.82b EUR
EBITDA TTM = 8.82b EUR
Long Term Debt = 170.48b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 170.48b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 87.61b EUR (from netDebt column, last quarter)
Enterprise Value = 106.00b EUR (70.27b + Debt 170.48b - CCE 134.75b)
Interest Coverage Ratio = 0.20 (Ebit TTM 8.82b / Interest Expense TTM 43.88b)
EV/FCF = -4.63x (Enterprise Value 106.00b / FCF TTM -22.88b)
FCF Yield = -21.58% (FCF TTM -22.88b / Enterprise Value 106.00b)
FCF Margin = -55.59% (FCF TTM -22.88b / Revenue TTM 41.15b)
Net Margin = 14.75% (Net Income TTM 6.07b / Revenue TTM 41.15b)
Gross Margin = 96.99% ((Revenue TTM 41.15b - Cost of Revenue TTM 1.24b) / Revenue TTM)
Gross Margin QoQ = 94.43% (prev 98.77%)
Tobins Q-Ratio = 0.10 (Enterprise Value 106.00b / Total Assets 1092.36b)
Interest Expense / Debt = 25.74% (Interest Expense 43.88b / Debt 170.48b)
Taxrate = 27.46% (703.0m / 2.56b)
NOPAT = 6.40b (EBIT 8.82b * (1 - 27.46%))
Current Ratio = 0.16 (Total Current Assets 134.75b / Total Current Liabilities 854.52b)
Debt / Equity = 3.45 (Debt 170.48b / totalStockholderEquity, last quarter 49.45b)
Debt / EBITDA = 9.93 (Net Debt 87.61b / EBITDA 8.82b)
Debt / FCF = -3.83 (negative FCF - burning cash) (Net Debt 87.61b / FCF TTM -22.88b)
Total Stockholder Equity = 50.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.57% (Net Income 6.07b / Total Assets 1092.36b)
RoE = 11.92% (Net Income TTM 6.07b / Total Stockholder Equity 50.93b)
RoCE = 3.99% (EBIT 8.82b / Capital Employed (Equity 50.93b + L.T.Debt 170.48b))
RoIC = 2.95% (NOPAT 6.40b / Invested Capital 216.79b)
WACC = 15.81% (E(70.27b)/V(240.75b) * Re(8.88%) + D(170.48b)/V(240.75b) * Rd(25.74%) * (1-Tc(0.27)))
Discount Rate = 8.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.91%
Fair Price DCF = unknown (Cash Flow -22.88b)
EPS Correlation: 57.53 | EPS CAGR: 27.03% | SUE: 1.41 | # QB: 1
Revenue Correlation: 25.86 | Revenue CAGR: 6.49% | SUE: 0.02 | # QB: 0
EPS next Year (2026-12-31): EPS=2.64 | Chg30d=+0.031 | Revisions Net=+1 | Growth EPS=+10.5% | Growth Revenue=+5.4%

Additional Sources for ING Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle