ING Groep NVINGVF 70 Net Margin % is 26.72% as of Mar. 2026, which is 0% above its 10-year median of 26.60. GuruFocus rates INGVF with a GF Score™ of 70/100 and a GF Value™ of $21.92 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,527 Banks companies, ING Groep NV ranks better than 53.57% on this metric.
Net margin is calculated as Net Income divided by its Revenue. ING Groep NV's Net Income for the
three
months ended in Mar. 2026 was $1,799 Mil. ING Groep NV's Revenue for the
three
months ended in Mar. 2026 was $6,733 Mil. Therefore, ING Groep NV's net margin for the quarter that ended in Mar. 2026 was 26.72%.
The historical rank and industry rank for ING Groep NV's Net Margin % or its related term are showing as below:
INGVF'
s Net Margin % Range Over the Past 10 Years
Min: 13.93 Med: 26.6 Max: 32.14
Current: 27.74
INGVF's Net Margin % is ranked better than 53.57% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs INGVF: 27.74
ING Groep NV (OTCPK:INGVF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
ING Groep NV Net Margin % Related Terms
ING Groep NV Net Margin % Historical Data
* Premium members only.
The historical data trend for ING Groep NV's Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, ING Groep NV's Net Margin % distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Net Margin % 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 (INGVF) has a Net Margin % of 26.72% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on ING Groep NV and its competitors. This is near median its historical median of 26.60. Over the past decade, ING Groep NV's Net Margin % has ranged from 13.93 to 32.14. According to the industry distribution chart, ING Groep NV ranks #709 out of 1527 companies in the Banks industry, placing it in the top 46.4%.
Is ING Groep NV's Net Margin % too high?
ING Groep NV's current Net Margin % of 26.72% is near median its 10-year median of 26.60. Over the past 10 years, this metric has ranged from a low of 13.93 to a high of 32.14. The Banks industry median Net Margin % is 26.95. ING Groep NV's value of 26.72% is 0.9% below this industry median. Based on the distribution chart, ING Groep NV ranks #709 out of 1527 companies in the Banks industry, which is above the industry midpoint. 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 Net Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, ING Groep NV ranks #709 out of 1527 companies for Net Margin %. This puts ING Groep NV in the upper half of its industry. The industry median Net Margin % is 26.95. ING Groep NV's value of 26.72% is 0.9% below this benchmark. Historically, ING Groep NV's own Net Margin % has ranged from 13.93 to 32.14 over the past decade. While the company's 10-year median is 26.60 vs. the industry median of 26.95, ING Groep NV has consistently been below 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 Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ING Groep NV's current Net Margin % of 26.72% is 0.9% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on ING Groep NV and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ING Groep NV's current Net Margin % is 26.72%, which is near median its own 10-year median of 26.60. 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 (INGVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.92, compared to a current price of $31.03 — trading 41.6% above its estimated fair value. The current Net Margin % is 26.72%, which is near median its 10-year median of 26.60 and 0.9% below the Banks industry median of 26.95. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For ING Groep NV (INGVF), the current Net Margin % is 26.72% 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 (INGVF) Overvalued in 2026?
Based on GuruFocus' analysis, ING Groep NV stock appears to be overvalued.
The current stock price of $31.03 is trading 41.6% above its estimated GF Value™ of $21.92.
GuruFocus considers ING Groep NV to be Significantly Overvalued.
Key valuation signals for INGVF:
Net Margin %: 26.72% (near median its 10-year median of 26.60)
GF Value™: $21.92 vs. price of $31.03 (41.6% above fair value)
Industry Position: 0.9% below the Banks median (#709 of 1527)
No single metric tells the full story. See the INGVF 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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