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The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions, ING built up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.
1991
63.9K+
LTM Revenue $25.2B
LTM EBITDA n/a
$252B
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ING Group has a last 12-month revenue of $25.2B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, ING Group achieved revenue of $25.2B and an EBITDA of n/a.
ING Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ING Group valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $25.1B | $25.2B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $4.1B | $8.2B | XXX | XXX | XXX |
| Net Margin | 16% | 32% | XXX | XXX | XXX |
| Net Debt | $34.8B | $66.0B | XXX | XXX | XXX |
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As of May 19, 2025, ING Group's stock price is EUR 19 (or $21).
ING Group has current market cap of EUR 57.0B (or $63.8B), and EV of EUR 225B (or $252B).
See ING Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $252B | $63.8B | XXX | XXX | XXX | XXX | $2.20 |
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Start Free TrialAs of May 19, 2025, ING Group has market cap of $63.8B and EV of $252B.
ING Group's trades at 10.0x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate ING Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ING Group and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $252B | XXX | XXX | XXX |
| EV/Revenue | 10.0x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 8.9x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -9.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialING Group's NTM/LTM revenue growth is 1%
ING Group's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged n/a for the same period.
Over next 12 months, ING Group's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ING Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ING Group and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | N/A | XXX | XXX | XXX | XXX |
| EBITDA Growth | N/A | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | N/A | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| RAKBANK | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ING Group acquired XXX companies to date.
Last acquisition by ING Group was XXXXXXXX, XXXXX XXXXX XXXXXX . ING Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was ING Group founded? | ING Group was founded in 1991. |
| Where is ING Group headquartered? | ING Group is headquartered in Netherlands. |
| How many employees does ING Group have? | As of today, ING Group has 63.9K+ employees. |
| Who is the CEO of ING Group? | ING Group's CEO is Mr. Steven J.A. van Rijswijk. |
| Is ING Group publicy listed? | Yes, ING Group is a public company listed on AMS. |
| What is the stock symbol of ING Group? | ING Group trades under INGA ticker. |
| When did ING Group go public? | ING Group went public in 1991. |
| Who are competitors of ING Group? | Similar companies to ING Group include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah. |
| What is the current market cap of ING Group? | ING Group's current market cap is $63.8B |
| What is the current revenue of ING Group? | ING Group's last 12-month revenue is $25.2B. |
| What is the current EV/Revenue multiple of ING Group? | Current revenue multiple of ING Group is 10.0x. |
| What is the current revenue growth of ING Group? | ING Group revenue growth between 2023 and 2024 was 1%. |
| Is ING Group profitable? | Yes, ING Group is EBITDA-positive (as of the last 12 months). |
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