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ING Groep NV (BSP:INGG34) Shiller PE Ratio : 11.47 (As of May. 14, 2024)


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What is ING Groep NV Shiller PE Ratio?

As of today (2024-05-14), ING Groep NV's current share price is R$89.55. ING Groep NV's E10 for the quarter that ended in Mar. 2024 was R$7.81. ING Groep NV's Shiller PE Ratio for today is 11.47.

The historical rank and industry rank for ING Groep NV's Shiller PE Ratio or its related term are showing as below:

BSP:INGG34' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.71   Med: 9.55   Max: 18.88
Current: 11.23

During the past years, ING Groep NV's highest Shiller PE Ratio was 18.88. The lowest was 3.71. And the median was 9.55.

BSP:INGG34's Shiller PE Ratio is ranked worse than
58% of 1138 companies
in the Banks industry
Industry Median: 10.37 vs BSP:INGG34: 11.23

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

ING Groep NV's adjusted earnings per share data for the three months ended in Mar. 2024 was R$2.586. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$7.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ING Groep NV Shiller PE Ratio Historical Data

The historical data trend for ING Groep NV's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ING Groep NV Shiller PE Ratio Chart

ING Groep NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.37 7.70 10.37 8.75 9.58

ING Groep NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.47 9.48 8.98 9.58 10.58

Competitive Comparison of ING Groep NV's Shiller PE Ratio

For the Banks - Diversified subindustry, ING Groep NV's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ING Groep NV's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ING Groep NV's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ING Groep NV's Shiller PE Ratio falls into.



ING Groep NV Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

ING Groep NV's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=89.55/7.81
=11.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ING Groep NV's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, ING Groep NV's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.586/126.4000*126.4000
=2.586

Current CPI (Mar. 2024) = 126.4000.

ING Groep NV Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.418 96.720 0.546
201212 0.881 96.760 1.151
201312 0.000 98.360 0.000
201403 -1.962 99.390 -2.495
201406 0.851 99.240 1.084
201409 0.723 99.960 0.914
201412 0.994 99.050 1.268
201503 1.564 99.750 1.982
201506 1.222 100.230 1.541
201509 1.227 100.500 1.543
201512 0.888 99.730 1.125
201606 1.808 100.260 2.279
201612 2.194 100.710 2.754
201706 2.851 101.370 3.555
201712 1.014 101.970 1.257
201803 1.294 102.470 1.596
201806 1.586 103.100 1.944
201809 0.959 103.950 1.166
201812 1.458 103.970 1.773
201903 1.259 105.370 1.510
201906 1.607 105.840 1.919
201909 1.588 106.700 1.881
201912 1.049 106.800 1.242
202003 0.928 106.850 1.098
202006 0.448 107.510 0.527
202009 1.285 107.880 1.506
202012 1.166 107.850 1.367
202103 1.727 108.870 2.005
202106 2.265 109.670 2.611
202109 2.174 110.790 2.480
202112 1.599 114.010 1.773
202203 0.625 119.460 0.661
202206 1.678 119.050 1.782
202209 1.350 126.890 1.345
202212 1.672 124.940 1.692
202303 2.452 124.720 2.485
202306 3.142 125.830 3.156
202309 2.952 127.160 2.934
202312 2.490 126.400 2.490
202403 2.586 126.400 2.586

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ING Groep NV  (BSP:INGG34) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


ING Groep NV Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of ING Groep NV's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ING Groep NV (BSP:INGG34) Business Description

Address
Bijlmerdreef 106, Amsterdam, NLD, 1102 CT
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build 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.

ING Groep NV (BSP:INGG34) Headlines

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