# ING Group N.V. (ING) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Banks. Price $30.90, market value $87.8 billion.

## Valuation
- **P/E (trailing): 11.4×** (5-yr avg 7.8×, 3-yr avg 9.9×). ING Group N.V. trades at 11.4× trailing earnings, well above its own five-year average of 7.8×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.15**. A PEG of 0.15 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.3×**. Each dollar of revenue is priced at 3.3×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -8.6%** (5-yr avg -30.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 8.8%**. The inverse of the P/E: 8.8% of the price is earned each year.

## Profitability
- **Net margin: 33.5%**. 33.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.5%**. 15.5% on shareholders' equity is solid.
- **Return on assets: 0.6%**. Each dollar of assets produces 0.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 21.8%** (3-yr -5.5%/yr, 5-yr 8.3%/yr). Revenue grew 21.8% over the last year, against 8.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 68.5%** (3-yr -6.0%/yr, 5-yr 36.8%/yr). Earnings per share rose 68.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.28%** ($1.32 per share, trailing). ING Group N.V. yields 4.28%, an income-level yield.
- **Payout ratio: 45%**. 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Shareholder yield: 4.4%**. Dividends plus net buybacks return 4.4% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (3 analysts). 3 analysts cover ING Group N.V.; the consensus is hold, with an average price target of $36.67 (+19% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 29.8%** (YTD 15.5%, 3-mo -11.2%). The shares are up 29.8% over twelve months including dividends.
- **From 52-week high: -17.6%** (26.9% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 1.29** (volatility 28%). Beta of 1.29 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ING · Page: https://foliofundamentals.com/stocks/ing

Not investment advice.