ING

ING Groep N.V.

Financial Services · $104.7B market cap

Verdict

Share price

$34.78

close of Oct 3, 2026

Fair value

$22.82

Sticker Price

Payback Price

$9.13

buy price

Overpriced

ING is Overpriced: at $34.78 it trades 52% above its fair value of $22.82. Its buy price (Payback Price) is $9.13, 74% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth2.6% a year✗
Equity per share growth1.9% a year✗
Sales growth-9.3% a year✗
Free cash flow growth3.6% a year✗
Return on invested capital2.8%✗

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Superinvestors

2 of the investors we track hold ING. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Richard Pzena

About ING Groep N.V.

ING Groep N.V. functions as a prominent global financial services institution, offering a comprehensive suite of banking products and solutions across a vast international footprint. Its operations extend throughout the Netherlands, Belgium, Germany, Poland, other European countries, North America, Latin America, Asia, and Australia. The company organizes its business into six distinct segments: Retail Banking…

Banks - Diversified

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works