ING Groep NVING -0.40%70 Debt-to-Equity is 3.60 as of Mar. 2026, which is 38% above its 10-year median of 2.60. GuruFocus rates ING with a GF Score™ of 70/100 and a GF Value™ of $22.84 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,426 Banks companies, ING Groep NV ranks worse than 94.46% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ING Groep NV's Debt-to-Equity or its related term are showing as below:
ING'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.9 Med: 2.6 Max: 3.61
Current: 3.6
During the past 13 years, the highest Debt-to-Equity Ratio of ING Groep NV was 3.61. The lowest was 1.90. And the median was 2.60.
ING's Debt-to-Equity is ranked worse than 94.46% of 1426
companies
in the Banks industry
Industry Median: 0.56
vs ING: 3.60
ING Groep NV (NYSE:ING) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ING Groep NV Debt-to-Equity Related Terms
ING Groep NV Debt-to-Equity Historical Data
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The historical data trend for ING Groep NV's Debt-to-Equity 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.
For the Banks - Diversified subindustry, ING Groep NV's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, ING Groep NV's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Debt-to-Equity falls into.
* 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 (ING) has a Debt-to-Equity of 3.60 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ING Groep NV and its competitors. This is 38% above median its historical median of 2.60. Over the past decade, ING Groep NV's Debt-to-Equity has ranged from 1.90 to 3.61. According to the industry distribution chart, ING Groep NV ranks #1347 out of 1426 companies in the Banks industry, placing it in the top 94.5%.
Is ING Groep NV's Debt-to-Equity too high?
ING Groep NV's current Debt-to-Equity of 3.60 is 38% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.61. The Banks industry median Debt-to-Equity is 0.56. ING Groep NV's value of 3.60 is 542.9% above this industry median. Based on the distribution chart, ING Groep NV ranks #1347 out of 1426 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ING Groep NV has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ING Groep NV's Debt-to-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, ING Groep NV ranks #1347 out of 1426 companies for Debt-to-Equity. This places ING Groep NV in the lower half of its industry. The industry median Debt-to-Equity is 0.56. ING Groep NV's value of 3.60 is 542.9% above this benchmark. Historically, ING Groep NV's own Debt-to-Equity has ranged from 1.90 to 3.61 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 0.56, ING Groep NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.56, based on 1,426 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ING Groep NV's current Debt-to-Equity of 3.60 is 542.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ING Groep NV and its competitors. For the Banks industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ING Groep NV's current Debt-to-Equity is 3.60, which is 38% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ING Groep NV stock overvalued right now?
Based on GuruFocus' analysis, ING Groep NV (ING) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.84, compared to a current price of $32.26 — trading 41.2% above its estimated fair value. The current Debt-to-Equity is 3.60, which is 38% above median its 10-year median of 2.60 and 542.9% above the Banks industry median of 0.56. ING Groep NV's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ING Groep NV (ING), the current Debt-to-Equity is 3.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ING Groep NV (ING) Overvalued in 2026?
Based on GuruFocus' analysis, ING Groep NV stock appears to be overvalued.
The current stock price of $32.26 is trading 41.2% above its estimated GF Value™ of $22.84.
GuruFocus considers ING Groep NV to be Significantly Overvalued.
Key valuation signals for ING:
Debt-to-Equity: 3.60 (38% above median its 10-year median of 2.60)
GF Value™: $22.84 vs. price of $32.26 (41.2% above fair value)
Industry Position: 542.9% above the Banks median (#1347 of 1426)
No single metric tells the full story. See the ING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
70GF Score
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