Key statistics

Is ING a good stock to buy in 2026?

Given ING’s current P/E ratio of 11.13x, significantly below the sector average of 20x, and a DCF fair value of $61.32 suggesting a 114.8% undervaluation, the stock appears financially attractive. While analysts have a consensus price target of $22.5, which implies a -21.2% downside from the current price, the strong analyst Buy rating of 64.7% reflects optimism despite this discrepancy. This mixed signal requires careful consideration for any investor considering if ING is a good stock.

2026 ING price scenarios

Based on analyst consensus of $22.5 from 17 analysts. Not a prediction by Alert Invest.

About ING Groep N.V. (ING)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

Led by CEO Steven J. A. van Rijswijk, ING Groep N.V. is a major player in the global financial services landscape with approximately 60,000 employees. The company boasts distinctive strengths in its robust digital banking platforms and a strong presence across key European markets, positioning it as a leading digital bank in many of its operational regions.

ING competitive moat and business analysis

ING Groep N.V. exhibits a competitive advantage primarily through its extensive digital banking infrastructure and brand recognition across Europe. While its reported ROE and ROIC are N/A from the available data, the company’s strong gross margin of 96.8% indicates efficient revenue generation before operating expenses. However, the more modest net margin of 15.41% suggests significant operating costs and provisions inherent to the banking industry.

Regarding revenue breakdown, detailed segment-specific revenue figures are not readily available in the provided data. Similarly, geographic revenue contributions are also not granular enough to provide a breakdown beyond the general regions where ING operates, as indicated by the 2022 fiscal year data. This lack of detailed segmentation makes it challenging to pinpoint specific high-growth or high-margin areas.

The moat trend for ING stock faces challenges, particularly with a reported revenue growth of -65.3% year-over-year. This significant decline indicates strong headwinds, which could be attributed to market-specific factors, divestitures, or a challenging interest rate environment. Without a transcript quote, it’s difficult to ascertain management’s specific strategies to reverse this trend, but it highlights a critical area for investors.

When considering ING against its peers, a comparison against companies like ING vs BCS (Barclays), ING vs BMO (Bank of Montreal), and ING vs BNS (Bank of Nova Scotia) reveals differing strengths. ING’s emphasis on digital banking and European market penetration could offer distinct advantages, but its high debt-to-equity ratio of 4.23x compared to peers in the Financial Services sector warrants closer examination. Understanding these relative positions is crucial for investors evaluating if ING is a good stock for their portfolio.

ING Groep N.V. analyst rating

Based on 17 analysts. 64.7% rate ING Buy or Strong Buy.

A 64.7% Buy rating for ING stock is generally considered a strong positive signal within the Financial Services sector, indicating a clear preference among analysts for an upward movement. This consensus, despite the current price exceeding the stated target, suggests a belief in ING’s long-term potential or a lag in target updates against recent market movements.

Is ING undervalued or overvalued?

When evaluating ING stock valuation, its P/E ratio of 11.13x stands out as significantly lower than the Financial Services sector average of 20x. This suggests that ING shares are currently trading at a discount compared to its industry peers, making it an appealing prospect for value investors.

Furthermore, a Discounted Cash Flow (DCF) analysis places ING’s fair value at $61.32, indicating a substantial 114.8% undervaluation compared to its current price. This large discrepancy, coupled with P/B and P/S ratios that also suggest a cheap valuation, strongly implies that ING stock is undervalued based on fundamental metrics. However, the analyst consensus target of $22.5 implies a negative return, a point of divergence that potential investors in ING stock should scrutinize carefully.

ING financial health & key metrics

For value investors, ING Groep N.V. presents a compelling case with its significantly low P/E ratio and strong DCF valuation, indicating that ING stock could be trading below its intrinsic worth. However, the high debt-to-equity ratio and a 0% free cash flow yield are significant areas of concern regarding its financial stability and operational efficiency. The substantial year-over-year revenue decline also flags growth as a major challenge, despite robust gross and net margins.

ING Groep N.V. earnings history & next report

ING Groep N.V. reported EPS of $0.63, beating estimates by 5.0%. Next earnings: 2026-07-30 with EPS estimate of $0.74.

For its next earnings report on 2026-07-30, investors should closely monitor ING’s net interest income, which is crucial for banks, as well as trends in loan growth and asset quality amidst potential economic shifts. The market will also be keen on any management guidance regarding the outlook for revenue growth and profitability, especially given the recent significant revenue decline and forward EPS estimate of $0.74.

ING daily short volume

Short volume data from FINRA CNMS Consolidated — shares sold short in the most recent US trading session. A high short ratio can signal bearish conviction or a potential short squeeze. Updated every trading day.

Recent ING analyst rating changes

ING Groep N.V. stock news today

How does ING compare to its peers?

Understanding how ING Groep N.V. stacks up against its competitors is crucial for a comprehensive investment perspective. The Financial Services sector is highly competitive, and comparing key metrics with diversified banks like Barclays, Bank of Montreal, and Bank of Nova Scotia can reveal relative strengths and weaknesses of ING stock.

FAQ — ING Groep N.V. (ING) stock