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ING Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for ING Group and similar public comparables like CaixaBank, Barclays, ANZ Bank, Bank of Communications and more.
ING Group Overview
About ING Group
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions, ING has 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.
Founded
1991
HQ
Employees
63.9K
Website
Financials (LTM)
EV
$274B
ING Group Financials
ING Group reported last 12-month revenue of $27B.
In the same LTM period, ING Group generated $13B in gross profit and $7B in net income.
Revenue (LTM)
ING Group P&L
In the most recent fiscal year, ING Group reported revenue of $27B and net income of $8B.
ING Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $27B | XXX | $27B | XXX | XXX | XXX |
| Gross Profit | $13B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 46% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $7B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| Net Debt | — | — | $144B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ING Group Stock Performance
ING Group has current market cap of $79B, and enterprise value of $274B.
Market Cap Evolution
ING Group's stock price is $27.46.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $274B | $79B | -0.5% | XXX | XXX | XXX | $2.61 |
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Start Free TrialING Group Valuation Multiples
ING Group trades at 10.0x EV/Revenue multiple.
EV / Revenue (LTM)
ING Group Financial Valuation Multiples
As of March 31, 2026, ING Group has market cap of $79B and EV of $274B.
Equity research analysts estimate ING Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ING Group has a P/E ratio of 10.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $79B | XXX | $79B | XXX | XXX | XXX |
| EV (current) | $274B | XXX | $274B | XXX | XXX | XXX |
| EV/Revenue | 10.0x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBIT | 22.0x | XXX | 22.1x | XXX | XXX | XXX |
| EV/Gross Profit | 21.8x | XXX | — | XXX | XXX | XXX |
| P/E | 10.6x | XXX | 10.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (35.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ING Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
ING Group Margins & Growth Rates
ING Group's revenue in the last 12 month grew by 2%.
ING Group's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
ING Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 0% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | 54% | XXX | 55% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ING Group Public Comps
See public comps and valuation multiples for other Commercial Banking and Investment Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CaixaBank | XXX | XXX | XXX | XXX | XXX | XXX |
| Barclays | XXX | XXX | XXX | XXX | XXX | XXX |
| ANZ Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| BNY Mellon | 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 M&A Activity
ING Group acquired XXX companies to date.
Last acquisition by ING Group was on XXXXXXXX, XXXXX. ING Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ING Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialING Group Investment Activity
ING Group invested in XXX companies to date.
ING Group made its latest investment on XXXXXXXX, XXXXX. ING Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ING Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ING Group
| 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 over 63K employees. |
| Who is the CEO of ING Group? | ING Group's CEO is Steven J.A. van Rijswijk. |
| Is ING Group publicly listed? | Yes, ING Group is a public company listed on Euronext Amsterdam. |
| 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? | ING Group main competitors are CaixaBank, Barclays, ANZ Bank, Bank of Communications. |
| What is the current market cap of ING Group? | ING Group's current market cap is $79B. |
| What is the current revenue of ING Group? | ING Group's last 12 months revenue is $27B. |
| What is the current revenue growth of ING Group? | ING Group revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of ING Group? | Current revenue multiple of ING Group is 10.0x. |
| Is ING Group profitable? | Yes, ING Group is net-income-positive (as of the last 12 months). |
| What is the current net income of ING Group? | ING Group's last 12 months net income is $7B. |
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