ING vs. LYG: ING Groep vs. Lloyds Banking Stock Comparison

November 11, 2026

How do ING Groep (ING) and Lloyds Banking (LYG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ING Groep (ING) and Lloyds Banking (LYG) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Both ING Groep (ING) and Lloyds Banking (LYG) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for ING Groep (ING) and Lloyds Banking (LYG)
Profile Item	ING	LYG
Name	ING Groep N.V. Sponsored ADR	Lloyds Banking Group plc ADR
Country/Region	Netherlands	United Kingdom
GICS Sector	Financials	Financials
GICS Industry Group	Banks	Banks
GICS Industry	Banks	Banks
GICS Sub-Industry	Diversified Banks	Diversified Banks
Market Capitalization	90.37 billion USD	72.69 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 18, 1994	November 28, 2001
Security Type	ADR	ADR

Price Performance

Cumulative Growth

ING

LYG

GSPC

ING Groep (ING) vs. Lloyds Banking (LYG), with S&P 500 (GSPC) for reference: 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 Lloyds Banking (LYG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ING Groep (ING) and Lloyds Banking (LYG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Total Return (1Y)	34.23%	12.27%
Total Return (3Y, Annualized)	44.65%	43.57%
Total Return (5Y, Annualized)	24.74%	20.88%

Risk Profile

Drawdown History

ING

LYG

GSPC

ING Groep (ING) vs. Lloyds Banking (LYG), with S&P 500 (GSPC) for reference: 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 Lloyds Banking (LYG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Volatility (1Y, Annualized)	28.52%	30.68%
Beta (5Y)	0.85	0.88
Max Drawdown (5Y)	-43.39%	-40.17%
Avg. Volume (3M)	2.24M	16.52M

Risk-Adjusted Performance

Risk-Return Positioning

ING and LYG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Sharpe Ratio (1Y)	1.05	0.26
Sortino Ratio (1Y)	1.67	0.39

Profitability

ROE (TTM)

Both ING Groep (ING) at 17.76% and Lloyds Banking (LYG) at 13.69% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ING

Banks industry group

17.76%

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

LYG

Banks industry group

13.69%

Max: 19.84%
LYG: 13.69%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both ING Groep (ING) at 34.40% and Lloyds Banking (LYG) at 30.61% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ING

Banks industry group

34.40%

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

LYG

Banks industry group

30.61%

Max: 47.19%
Q3: 35.25%
Median: 31.21%
LYG: 30.61%
Q1: 27.11%
Min: 14.93%

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for ING Groep (ING) in Banks and Lloyds Banking (LYG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
ROE (TTM)	17.76%	13.69%
ROA (TTM)	0.79%	0.65%
Net Margin (TTM)	34.40%	30.61%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Lloyds Banking (LYG) at 7.66% is around its peer norm for revenue growth, while ING Groep (ING) at 1.55% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ING Groep (ING) at 7.07% and Lloyds Banking (LYG) at 11.29% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Revenue Growth (YoY)	1.55%	7.66%
Revenue Growth (3Y CAGR)	6.63%	7.66%
EPS Growth (YoY)	7.07%	11.29%
EPS Growth (3Y CAGR)	28.04%	-1.41%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: ING Groep (ING) in Banks and Lloyds Banking (LYG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: ING Groep (ING) in Banks and Lloyds Banking (LYG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

ING Groep (ING) at 4.55% offers top-quartile income, while Lloyds Banking (LYG) at 0.77% sits in the bottom quartile — a wide gap in cash returned to shareholders.

ING

Banks industry group

4.55%

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

LYG

Banks industry group

0.77%

Max: 5.79%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
LYG: 0.77%
Min: 0.00%

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

Both ING Groep (ING) at 48.14% and Lloyds Banking (LYG) at 41.85% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ING

Banks industry group

48.14%

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

LYG

Banks industry group

41.85%

Max: 70.75%
LYG: 41.85%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
Dividend Yield (TTM)	4.55%	0.77%
Dividend Payout Ratio (TTM)	48.14%	41.85%

Valuation

P/E Ratio (TTM)

Lloyds Banking (LYG) at 9.79 sits in the cheaper P/E ratio quartile, while ING Groep (ING) at 11.70 is closer to its industry’s usual earnings multiple — a discount for LYG, though growth and earnings durability still matter.

ING

Banks industry group

11.70

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

LYG

Banks industry group

9.79

Max: 18.16
Q3: 13.75
Median: 11.81
Q1: 10.64
LYG: 9.79
Min: 6.49

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both ING Groep (ING) in Banks and Lloyds Banking (LYG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

P/B Ratio (MRQ)

Lloyds Banking (LYG) at 1.19 is valued about in line with its industry on P/B ratio, while ING Groep (ING) at 1.61 carries an above-peer premium to book — ING is pricier on assets.

ING

Banks industry group

1.61

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

LYG

Banks industry group

1.19

Max: 2.28
Q3: 1.58
Median: 1.32
LYG: 1.19
Q1: 1.10
Min: 0.59

ING Groep (ING) vs. Lloyds Banking (LYG): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for ING Groep (ING) and Lloyds Banking (LYG)
Metric	ING	LYG
P/E Ratio (TTM)	11.70	9.79
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.61	1.19
Free Cash Flow Yield (TTM)	--	--