ING (ING Groep NV) Forward PE Ratio : 7.28 (As of Dec. 12, 2024)

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What is ING Groep NV Forward PE Ratio?

ING Groep NV's Forward PE Ratio for today is 7.28.

ING Groep NV's PE Ratio without NRI for today is 6.92.

ING Groep NV's PE Ratio (TTM) for today is 6.94.

ING Groep NV Forward PE Ratio Historical Data

The historical data trend for ING Groep NV's Forward 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.

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ING Groep NV Forward PE Ratio Chart

ING Groep NV Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-12

Forward PE Ratio

12.32

20.83

11.25

6.67

8.54

8.56

9.57

8.11

6.73

7.31

ING Groep NV Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03	2024-06	2024-09	2024-12
Forward PE Ratio	12.32	8.72	8.90	9.91	20.83	14.73	15.65	11.64	11.25	10.37	9.70	7.85	6.67	7.78	7.22	6.90	8.54	4.44	8.24	6.26	8.56	10.48	10.06	10.16	9.57	7.52	8.76	6.46	8.11	7.23	7.24	6.40	6.73	7.81	8.19	7.91	7.31

Competitive Comparison of ING Groep NV's Forward PE Ratio

For the Banks - Diversified subindustry, ING Groep NV's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio Distribution in the Banks Industry

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

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

ING Groep NV Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

ING Groep NV (NYSE:ING) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

ING Groep NV Forward PE Ratio Related Terms

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ING Groep NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ING Groep NV (NYSE:ING) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

INGVF:USA INGA:Netherlands 1INGA:Italy INGAa:UK 0RIC:UK INN1:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

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.