(ING) ING - Ratings and Ratios

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

Banking, Loans, Mortgages, Payments, Insurance

EPS (Earnings per Share)

EPS (Earnings per Share) of ING over the last years for every Quarter: "2020-09": 0.2365, "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: 2020-09: 4286, 2020-12: 4169, 2021-03: 4702, 2021-06: 4497, 2021-09: 4648, 2021-12: 4624, 2022-03: 4599, 2022-06: 4799, 2022-09: 4412, 2022-12: 4868, 2023-03: 5567, 2023-06: 5725, 2023-09: 5842, 2023-12: 5409, 2024-03: 6928, 2024-06: 5716, 2024-09: 5910, 2024-12: 5407, 2025-03: 5636, 2025-06: 24256, 2025-09: 5854,
Risk via 10d forecast
Volatility 25.0%
Value at Risk 5%th 39.7%
Relative Tail Risk -3.51%
Reward TTM
Sharpe Ratio 1.93
Alpha 57.31
Character TTM
Hurst Exponent 0.692
Beta 0.772
Beta Downside 0.850
Drawdowns 3y
Max DD 23.43%
Mean DD 5.79%
Median DD 4.44%

Description: ING ING September 26, 2025

ING Groep N.V. (NYSE: ING) is a Dutch-headquartered universal bank that delivers a full suite of retail, wholesale and digital banking services across the Netherlands, Belgium, Germany, the rest of Europe and internationally.

The firm is organized into five operating segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. Each segment offers a mix of current and savings accounts, time deposits, consumer and SME lending (including residential mortgages), as well as corporate-focused solutions such as working-capital financing, trade finance, treasury services and capital-market execution.

Beyond core banking, ING provides ancillary products including investment and insurance solutions, and has been expanding its digital-only platforms to capture the growing demand for online banking among both retail and business clients.

Key recent performance metrics (2023) show a net profit of €5.5 billion, a Common Equity Tier 1 (CET1) capital ratio of 14.5 % and a return on equity (ROE) of roughly 13 %, reflecting strong profitability despite a low-interest-rate environment. Total assets stand at about €1.1 trillion, positioning ING among the larger European diversified banks.

Macro-level drivers that will likely shape ING’s outlook include Eurozone monetary policy (the ECB’s rate trajectory directly impacts net interest margins), the health of the regional housing market (a core source of mortgage income), and the pace of digital adoption, which can lower cost-to-serve while expanding customer reach.

Sector-wide, regulatory capital requirements and the ongoing consolidation trend in European banking remain material constraints and opportunities, respectively, for a bank with ING’s scale and diversified business model.

For a deeper quantitative assessment of ING’s valuation relative to peers, you may find ValueRay’s analytics worth a look.

ING Stock Overview

Market Cap in USD 76,760m
Sub-Industry Diversified Banks
IPO / Inception 1996-11-18
Return 12m vs S&P 500 51.3%
Analyst Rating 3.0 of 5

ING Dividends

Metric Value
Dividend Yield 5.53%
Yield on Cost 5y 20.85%
Yield CAGR 5y 19.20%
Payout Consistency 69.7%
Payout Ratio 60.6%

ING Growth Ratios

Metric Value
CAGR 3y 37.67%
CAGR/Max DD Calmar Ratio 1.61
CAGR/Mean DD Pain Ratio 6.51
Current Volume 2328.8k
Average Volume 1782.5k

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
(C) 0.01 = EBIT TTM 6.26b / Avg Total Assets 1070.91b
(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) 23.78

1. Piotroski 3.0pt
2. FCF Yield -14.75%
3. FCF Margin -55.59%
4. Debt/Equity 3.46
5. Debt/Ebitda 13.99
6. ROIC - WACC (= -13.76)%
7. RoE 11.92%
8. Rev. Trend 43.95%
9. EPS Trend 8.32%

What is the price of ING shares?

As of November 22, 2025, the stock is trading at USD 24.82 with a total of 2,328,839 shares traded.
Over the past week, the price has changed by -4.21%, over one month by +4.90%, over three months by -0.12% and over the past year by +70.03%.

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 6%
Analysts Target Price 26.3 6%
ValueRay Target Price 36.5 47.1%

ING Fundamental Data Overview November 17, 2025

Market Cap EUR = 66.62b (76.76b USD * 0.8679 USD.EUR)
P/E Trailing = 11.1202
P/E Forward = 9.5057
P/S = 3.8305
P/B = 1.3108
P/EG = 1.5081
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 = 155.08b EUR (66.62b + Debt 171.33b - CCE 82.87b)
Interest Coverage Ratio = 0.14 (Ebit TTM 6.26b / Interest Expense TTM 43.88b)
FCF Yield = -14.75% (FCF TTM -22.88b / Enterprise Value 155.08b)
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 155.08b / 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 = 15.86% (E(66.62b)/V(237.95b) * Re(8.86%) + D(171.33b)/V(237.95b) * Rd(25.61%) * (1-Tc(0.27)))
Discount Rate = 8.86% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.30%
Fair Price DCF = unknown (Cash Flow -22.88b)
EPS Correlation: 8.32 | EPS CAGR: 31.45% | SUE: 1.41 | # QB: 1
Revenue Correlation: 43.95 | Revenue CAGR: 6.94% | SUE: 0.03 | # QB: 0

Additional Sources for ING Stock

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