ING Groep (ING) Stock Analysis

November 11, 2026

This is a peer-relative look at ING Groep (ING): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

ING Groep (ING) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for ING Groep (ING)
Profile Item	ING
Name	ING Groep N.V. Sponsored ADR
Country/Region	Netherlands
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	90.37 billion USD
Currency	USD
Exchange	NYSE
Listing Date	May 18, 1994
Security Type	ADR

Price Performance

Cumulative Growth

ING

GSPC

ING Groep (ING) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ING Groep (ING) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ING Groep (ING) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Total Return (1Y)	34.23%	30.28%
Total Return (3Y, Annualized)	44.65%	26.57%
Total Return (5Y, Annualized)	24.74%	9.43%

Risk Profile

Drawdown History

ING

GSPC

ING Groep (ING) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ING Groep (ING) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Volatility (1Y, Annualized)	28.52%	24.34%
Beta (5Y)	0.85	0.72
Max Drawdown (5Y)	-43.39%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ING is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Sharpe Ratio (1Y)	1.05	1.08
Sortino Ratio (1Y)	1.67	1.61

Profitability

ROE (TTM)

ING Groep (ING) posts ROE of 17.76%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

ING

Banks industry group

17.76%

Group distribution

Max: 19.84%
ING: 17.76%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

Largest peers

JPM: 18.01%
ING: 17.76%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
MUFG: 9.46%

Where ING Groep (ING) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

ING Groep (ING) keeps 34.40% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

ING

Banks industry group

34.40%

Group distribution

Max: 47.19%
Q3: 35.25%
ING: 34.40%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
ING: 34.40%
RY: 33.87%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%

Where ING Groep (ING) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for ING Groep (ING) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
ROE (TTM)	17.76%	11.49%
ROA (TTM)	0.79%	1.24%
Net Margin (TTM)	34.40%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

ING Groep (ING) grew revenue 1.55%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

ING Groep (ING): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

ING Groep (ING) grew earnings per share 7.07%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

ING Groep (ING): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Revenue Growth (YoY)	1.55%	11.23%
Revenue Growth (3Y CAGR)	6.63%	6.33%
EPS Growth (YoY)	7.07%	16.14%
EPS Growth (3Y CAGR)	28.04%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for ING Groep (ING) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for ING Groep (ING) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

ING Groep (ING) has dividend yield of 4.55%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

ING

Banks industry group

4.55%

Group distribution

Max: 5.79%
ING: 4.55%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
ING: 4.55%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where ING Groep (ING) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

ING Groep (ING) has payout ratio of 48.14%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

ING

Banks industry group

48.14%

Group distribution

Max: 70.75%
ING: 48.14%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

HSBC: 53.57%
ING: 48.14%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where ING Groep (ING) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
Dividend Yield (TTM)	4.55%	2.39%
Dividend Payout Ratio (TTM)	48.14%	29.26%

Valuation

P/E Ratio (TTM)

ING Groep (ING) trades at P/E ratio of 11.70, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ING

Banks industry group

11.70

Group distribution

Max: 18.16
Q3: 13.75
Median: 11.81
ING: 11.70
Q1: 10.64
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
ING: 11.70
HSBC: 11.38

Where ING Groep (ING) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for ING Groep (ING) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

ING Groep (ING) trades at 1.61 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

ING

Banks industry group

1.61

Group distribution

Max: 2.28
ING: 1.61
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
MUFG: 1.64
ING: 1.61
WFC: 1.59
BAC: 1.26

Where ING Groep (ING) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

ING Groep (ING) metric values compared with Banks industry-group medians
Metric	Current stock: ING	Industry group median
P/E Ratio (TTM)	11.70	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.61	1.32
Free Cash Flow Yield (TTM)	--	--