ING Groep NVINGVF 70 Pretax Margin % is 38.77% as of Mar. 2026, which is 3% above its 10-year median of 37.57. 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 63.06% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ING Groep NV's Pre-Tax Income for the
three
months ended in Mar. 2026 was $2,610 Mil. ING Groep NV's Revenue for the
three
months ended in Mar. 2026 was $6,733 Mil. Therefore, ING Groep NV's pretax margin for the quarter that ended in Mar. 2026 was 38.77%.
The historical rank and industry rank for ING Groep NV's Pretax Margin % or its related term are showing as below:
INGVF'
s Pretax Margin % Range Over the Past 10 Years
Min: 21.35 Med: 37.57 Max: 46.27
Current: 40.04
INGVF's Pretax Margin % is ranked better than 63.06% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs INGVF: 40.04
ING Groep NV (OTCPK:INGVF) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ING Groep NV Pretax Margin % Related Terms
ING Groep NV Pretax Margin % Historical Data
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The historical data trend for ING Groep NV's Pretax 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.
INGVF vs JPM, BAC, WFC: Pretax Margin % Comparison
For the Banks - Diversified subindustry, ING Groep NV's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, ING Groep NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Pretax 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 Pretax Margin % of 38.77% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ING Groep NV and its competitors. This is near median its historical median of 37.57. Over the past decade, ING Groep NV's Pretax Margin % has ranged from 21.35 to 46.27. According to the industry distribution chart, ING Groep NV ranks #564 out of 1527 companies in the Banks industry, placing it in the top 36.9%.
Is ING Groep NV's Pretax Margin % too high?
ING Groep NV's current Pretax Margin % of 38.77% is near median its 10-year median of 37.57. Over the past 10 years, this metric has ranged from a low of 21.35 to a high of 46.27. The Banks industry median Pretax Margin % is 34.88. ING Groep NV's value of 38.77% is 11.2% above this industry median. Based on the distribution chart, ING Groep NV ranks #564 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 Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, ING Groep NV ranks #564 out of 1527 companies for Pretax Margin %. This puts ING Groep NV in the upper half of its industry. The industry median Pretax Margin % is 34.88. ING Groep NV's value of 38.77% is 11.2% above this benchmark. Historically, ING Groep NV's own Pretax Margin % has ranged from 21.35 to 46.27 over the past decade. While the company's 10-year median is 37.57 vs. the industry median of 34.88, 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 Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.88, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ING Groep NV's current Pretax Margin % of 38.77% is 11.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ING Groep NV and its competitors. For the Banks industry, the median Pretax Margin % is 34.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ING Groep NV's current Pretax Margin % is 38.77%, which is near median its own 10-year median of 37.57. 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 Pretax Margin % is 38.77%, which is near median its 10-year median of 37.57 and 11.2% above the Banks industry median of 34.88. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ING Groep NV (INGVF), the current Pretax Margin % is 38.77% 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:
Pretax Margin %: 38.77% (near median its 10-year median of 37.57)
GF Value™: $21.92 vs. price of $31.03 (41.6% above fair value)
Industry Position: 11.2% above the Banks median (#564 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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