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ING Groep NV
ING Groep NV (ING) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Amsterdam, Netherlands and has 60,000 employees. The company is worth $92.16B and trades at 12.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was €22.9B in fiscal 2025, up 1.5% from the year before. Net income was €6.33B. The share price is 13.5% below its 52-week high of $37.52. It pays a dividend yielding 4.07%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $17.89M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in EUR, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +142.9% over 5Y.
today you would have $3,064.46▲ +206.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $28.00 | $15.67 | $15.02 | $12.17 | |
| EPS | €2.12 | €1.98 | €2.04 | €1.01 | |
| Dividend yield | 6.51% | 3.45% | 7.65% | 5.86% | 7.17% |
| Profit margin | 27.98% | 27.63% | 28.34% | 32.14% | 19.45% |
| ROE | 12.72% | 12.73% | 12.70% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 4.1% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ICEIntercontinental Exchange, Inc. | $163.84 | 22.2x | 3.1x | 1.27% | 14.09% | $91.98B |
| USBUS Bancorp \de\ | $60.02 | 11.5x | 1.6x | 3.60% | 12.84% | $93.51B |
| PNCPNC Financial Services Group Inc | $225.53 | 12.0x | 1.4x | 3.55% | 13.10% | $89.97B |
| MRSHMarsh & Mclennan Companies Inc |
| 14.22% |
| 7.36% |
This company reports in EUR, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by EUR, so they are not shown; EPS is in EUR. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 1.6% a year against a 8.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-38.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $199.27 |
| 23.8x |
| 6.5x |
| 1.99% |
| 27.24% |
| $95.09B |
| HOODRobinhood Markets, Inc. | $96.58 | 44.9x | 9.2x | 0.00% | 23.62% | $86.83B |
| BNYBank of New York Mellon Corp | $145.32 | 16.1x | 2.5x | 1.53% | 14.87% | $98.6B |