ING Groep NVING +1.97%70 Return-on-Tangible-Asset is 0.57% as of Mar. 2026, which is 6% above its 10-year median of 0.54. GuruFocus rates ING with a GF Score™ of 70/100 and a GF Value™ of $22.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,530 Banks companies, ING Groep NV ranks worse than 72.61% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ING Groep NV's annualizedNet Income for the quarter that ended in Mar. 2026 was $7,195 Mil. ING Groep NV's average total tangible assets for the quarter that ended in Mar. 2026 was $1,273,072 Mil. Therefore, ING Groep NV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.57%.
The historical rank and industry rank for ING Groep NV's Return-on-Tangible-Asset or its related term are showing as below:
ING'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.54 Max: 0.75
Current: 0.59
During the past 13 years, ING Groep NV's highest Return-on-Tangible-Asset was 0.75%. The lowest was 0.27%. And the median was 0.54%.
ING's Return-on-Tangible-Asset is ranked worse than 72.61% of 1530
companies
in the Banks industry
Industry Median: 0.99
vs ING: 0.59
ING Groep NV (NYSE:ING) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
ING Groep NV Return-on-Tangible-Asset Related Terms
ING Groep NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ING Groep NV's Return-on-Tangible-Asset 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.
ING vs JPM, BAC, WFC: Return-on-Tangible-Asset Comparison
For the Banks - Diversified subindustry, ING Groep NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, ING Groep NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.57% mean?
ING Groep NV (ING) has a Return-on-Tangible-Asset of 0.57% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ING Groep NV and its competitors. This is near median its historical median of 0.54. Over the past decade, ING Groep NV's Return-on-Tangible-Asset has ranged from 0.27 to 0.75. According to the industry distribution chart, ING Groep NV ranks #1111 out of 1530 companies in the Banks industry, placing it in the top 72.6%.
Is ING Groep NV's Return-on-Tangible-Asset too high?
ING Groep NV's current Return-on-Tangible-Asset of 0.57% is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.75. The Banks industry median Return-on-Tangible-Asset is 0.99. ING Groep NV's value of 0.57% is 42.4% below this industry median. Based on the distribution chart, ING Groep NV ranks #1111 out of 1530 companies in the Banks industry, which is below 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 Return-on-Tangible-Asset compare to JPM and BAC?
According to the Banks industry distribution chart, ING Groep NV ranks #1111 out of 1530 companies for Return-on-Tangible-Asset. This places ING Groep NV in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. ING Groep NV's value of 0.57% is 42.4% below this benchmark. Historically, ING Groep NV's own Return-on-Tangible-Asset has ranged from 0.27 to 0.75 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.99, 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,530 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ING Groep NV's current Return-on-Tangible-Asset of 0.57% is 42.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ING Groep NV and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ING Groep NV's current Return-on-Tangible-Asset is 0.57%, which is near median its own 10-year median of 0.54. 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 $22.42, compared to a current price of $32.10 — trading 43.2% above its estimated fair value. The current Return-on-Tangible-Asset is 0.57%, which is near median its 10-year median of 0.54 and 42.4% below the Banks industry median of 0.99. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ING Groep NV (ING), the current Return-on-Tangible-Asset is 0.57% 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 $32.10 is trading 43.2% above its estimated GF Value™ of $22.42.
GuruFocus considers ING Groep NV to be Significantly Overvalued.
Key valuation signals for ING:
Return-on-Tangible-Asset: 0.57% (near median its 10-year median of 0.54)
GF Value™: $22.42 vs. price of $32.10 (43.2% above fair value)
Industry Position: 42.4% below the Banks median (#1111 of 1530)
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
Get the complete analysis for ING
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ING has been successfully added to your 
