Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). ING Groep NV's share price for the quarter that ended in Dec. 2023 was $15.02. ING Groep NV's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 3,344 Mil. Therefore, ING Groep NV's market cap for the quarter that ended in Dec. 2023 was $50,221 Mil.
ING Groep NV's quarterly market cap
declined
from Jun. 2023 ($48,586 Mil) to Sep. 2023 ($46,164 Mil) but then
increased
from Sep. 2023 ($46,164 Mil) to Dec. 2023 ($50,221 Mil).
ING Groep NV's annual market cap
declined
from Dec. 2021 ($52,559 Mil) to Dec. 2022 ($44,045 Mil) but then
increased
from Dec. 2022 ($44,045 Mil) to Dec. 2023 ($50,221 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. ING Groep NV's Enterprise Value for Today is $120,220 Mil.
ING Groep NV Market Cap Historical Data
The historical data trend for ING Groep NV's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the Banks industry and Financial Services sector, ING Groep NV's Market Cap distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Market Cap falls into.
ING Groep NV Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
ING Groep NV's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:ING) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
ING Groep NV Market Cap Related Terms
Thank you for viewing the detailed overview of ING Groep NV's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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