ING Groep NVING -0.77%70 Return-on-Tangible-Equity is 12.69% as of Mar. 2026, which is 27% above its 10-year median of 9.97. GuruFocus rates ING with a GF Score™ of 70/100 and a GF Value™ of $22.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,525 Banks companies, ING Groep NV ranks better than 62.95% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ING Groep NV's annualized net income for the quarter that ended in Mar. 2026 was $7,195 Mil. ING Groep NV's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $56,721 Mil. Therefore, ING Groep NV's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.69%.
The historical rank and industry rank for ING Groep NV's Return-on-Tangible-Equity or its related term are showing as below:
ING'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.06 Med: 9.97 Max: 14.74
Current: 13.2
During the past 13 years, ING Groep NV's highest Return-on-Tangible-Equity was 14.74%. The lowest was 5.06%. And the median was 9.97%.
ING's Return-on-Tangible-Equity is ranked better than 62.95% of 1525
companies
in the Banks industry
Industry Median: 11.21
vs ING: 13.20
ING Groep NV (NYSE:ING) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
ING Groep NV Return-on-Tangible-Equity Related Terms
ING Groep NV Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ING Groep NV's Return-on-Tangible-Equity 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-Equity Comparison
For the Banks - Diversified subindustry, ING Groep NV's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Banks Industry
For the Banks industry and Financial Services sector, ING Groep NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ING Groep NV's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.69% mean?
ING Groep NV (ING) has a Return-on-Tangible-Equity of 12.69% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ING Groep NV and its competitors. This is 27% above median its historical median of 9.97. Over the past decade, ING Groep NV's Return-on-Tangible-Equity has ranged from 5.06 to 14.74. According to the industry distribution chart, ING Groep NV ranks #565 out of 1525 companies in the Banks industry, placing it in the top 37%.
Is ING Groep NV's Return-on-Tangible-Equity too high?
ING Groep NV's current Return-on-Tangible-Equity of 12.69% is 27% above median its 10-year median of 9.97. Over the past 10 years, this metric has ranged from a low of 5.06 to a high of 14.74. The Banks industry median Return-on-Tangible-Equity is 11.21. ING Groep NV's value of 12.69% is 13.2% above this industry median. Based on the distribution chart, ING Groep NV ranks #565 out of 1525 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 Return-on-Tangible-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, ING Groep NV ranks #565 out of 1525 companies for Return-on-Tangible-Equity. This puts ING Groep NV in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.21. ING Groep NV's value of 12.69% is 13.2% above this benchmark. Historically, ING Groep NV's own Return-on-Tangible-Equity has ranged from 5.06 to 14.74 over the past decade. While the company's 10-year median is 9.97 vs. the industry median of 11.21, 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 Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 12.69% is 13.2% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ING Groep NV and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — 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-Equity is 12.69%, which is 27% above median its own 10-year median of 9.97. 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 $22.32, compared to a current price of $30.78 — trading 37.9% above its estimated fair value. The current Return-on-Tangible-Equity is 12.69%, which is 27% above median its 10-year median of 9.97 and 13.2% above the Banks industry median of 11.21. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For ING Groep NV (ING), the current Return-on-Tangible-Equity is 12.69% 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 $30.78 is trading 37.9% above its estimated GF Value™ of $22.32.
GuruFocus considers ING Groep NV to be Significantly Overvalued.
Key valuation signals for ING:
Return-on-Tangible-Equity: 12.69% (27% above median its 10-year median of 9.97)
GF Value™: $22.32 vs. price of $30.78 (37.9% above fair value)
Industry Position: 13.2% above the Banks median (#565 of 1525)
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
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