Overview Dividends

(ING) ING - Ratings and Ratios

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

Banking, Loans, Mortgages, Investments, Insurance

Diversified Banks
Market Cap in USD: 72,776m

IPO / Inception: 1996-11-18
Return 12m vs S&P 500: 54.5%

Dividends

Dividend Yield	5.22%
Yield on Cost 5y	19.71%
Yield CAGR 5y	19.20%
Payout Consistency	66.7%
Payout Ratio	60.6%

Risk via 10d forecast
Volatility	24.0%
Value at Risk 5%th	37.8%
Relative Tail Risk	-4.10%

Reward TTM
Sharpe Ratio	2.20
Alpha	70.68
CAGR/Max DD	1.71

Character TTM
Hurst Exponent	0.620
Beta	0.775
Beta Downside	0.846

Drawdowns 3y
Max DD	23.43%
Mean DD	5.79%
Median DD	4.45%

Description: ING ING December 02, 2025

ING Groep N.V. (NYSE: ING) is a diversified European bank headquartered in Amsterdam that serves retail, SME, and corporate clients across the Netherlands, Belgium, Germany, the broader European region, and internationally. Its operations are organized into five segments-Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking-offering a full suite of products including current and savings accounts, time deposits, residential mortgages, SME loans, payment and cash-management services, and digital banking solutions.

Key metrics that shape ING’s outlook include a CET1 capital ratio of ~15.5% (Q3 2024), a net interest margin of 1.45% reflecting the low-rate environment in the Eurozone, and a loan-to-deposit growth of 4.2% YoY driven by strong demand for SME financing. The bank’s earnings are sensitive to European monetary policy, credit-quality trends in the corporate sector, and the pace of digital adoption, which has been a core driver of cost efficiency and customer acquisition.

For a deeper dive into ING’s valuation nuances and scenario analysis, explore the detailed breakdown on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (6.07b TTM) > 0 and > 6% of Revenue (6% = 2.47b TTM)

FCFTA -0.02 (>2.0%) and ΔFCFTA -0.99pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1557 % (prev -2793 %; Δ 1236 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.01 (>3.0%) and CFO -12.05b <= Net Income 6.07b (YES >=105%, WARN >=100%)

Net Debt (87.61b) to EBITDA (6.26b) ratio: 13.99 <= 3.0 (WARN <= 3.5)

Current Ratio 0.15 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (2.94b) change vs 12m ago -8.27% (target <= -2.0% for YES)

Gross Margin 97.79% (prev 96.92%; Δ 0.87pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 3.84% (prev 2.28%; Δ 1.56pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.14 (EBITDA TTM 6.26b / Interest Expense TTM 43.88b) >= 6 (WARN >= 3)

Altman Z'' -3.67

(A) -0.59 = (Total Current Assets 116.13b - Total Current Liabilities 757.05b) / Total Assets 1092.36b

(B) 0.03 = Retained Earnings (Balance) 33.85b / Total Assets 1092.36b

(D) 0.03 = Book Value of Equity 33.96b / Total Liabilities 1041.79b

Total Rating: -3.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 27.14

1. Piotroski 3.0pt

2. FCF Yield -15.15%

3. FCF Margin -55.59%

4. Debt/Equity 3.46

5. Debt/Ebitda 13.99

6. ROIC - WACC (= -13.89)%

7. RoE 11.92%

8. Rev. Trend 55.90%

9. EPS Trend 57.53%

What is the price of ING shares?

As of December 08, 2025, the stock is trading at USD 26.28 with a total of 1,272,668 shares traded.
Over the past week, the price has changed by +1.00%, over one month by +2.10%, over three months by +6.74% and over the past year by +77.31%.

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	0.1%
Analysts Target Price	26.3	0.1%
ValueRay Target Price	39.4	49.8%

ING Fundamental Data Overview November 26, 2025

Market Cap EUR = 62.51b (72.78b USD * 0.8589 USD.EUR)
P/E Trailing = 10.8261
P/E Forward = 9.1743
P/S = 3.6317
P/B = 1.2646
P/EG = 1.4566
Beta = 1.171
Revenue TTM = 41.15b EUR
EBIT TTM = 6.26b EUR
EBITDA TTM = 6.26b EUR
Long Term Debt = 170.48b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 171.33b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 87.61b EUR (from netDebt column, last quarter)
Enterprise Value = 150.96b EUR (62.51b + Debt 171.33b - CCE 82.87b)
Interest Coverage Ratio = 0.14 (Ebit TTM 6.26b / Interest Expense TTM 43.88b)
FCF Yield = -15.15% (FCF TTM -22.88b / Enterprise Value 150.96b)
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 = 97.79% ((Revenue TTM 41.15b - Cost of Revenue TTM 911.0m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 98.77%)
Tobins Q-Ratio = 0.14 (Enterprise Value 150.96b / Total Assets 1092.36b)
Interest Expense / Debt = 25.61% (Interest Expense 43.88b / Debt 171.33b)
Taxrate = 27.46% (703.0m / 2.56b)
NOPAT = 4.54b (EBIT 6.26b * (1 - 27.46%))
Current Ratio = 0.15 (Total Current Assets 116.13b / Total Current Liabilities 757.05b)
Debt / Equity = 3.46 (Debt 171.33b / totalStockholderEquity, last quarter 49.45b)
Debt / EBITDA = 13.99 (Net Debt 87.61b / EBITDA 6.26b)
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 = 0.56% (Net Income 6.07b / Total Assets 1092.36b)
RoE = 11.92% (Net Income TTM 6.07b / Total Stockholder Equity 50.93b)
RoCE = 2.83% (EBIT 6.26b / Capital Employed (Equity 50.93b + L.T.Debt 170.48b))
RoIC = 2.10% (NOPAT 4.54b / Invested Capital 216.79b)
WACC = 15.98% (E(62.51b)/V(233.83b) * Re(8.87%) + D(171.33b)/V(233.83b) * Rd(25.61%) * (1-Tc(0.27)))
Discount Rate = 8.87% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.30%
Fair Price DCF = unknown (Cash Flow -22.88b)
EPS Correlation: 57.53 | EPS CAGR: 27.03% | SUE: 1.41 | # QB: 1
Revenue Correlation: 55.90 | Revenue CAGR: 6.49% | SUE: 0.03 | # QB: 0
EPS next Year (2026-12-31): EPS=2.61 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+11.9% | Growth Revenue=+6.2%

Additional Sources for ING Stock

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