ING (ING Groep NV) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)


ING ING Groep NV ING
70 GF Score
Price $31.02
GF Value $22.29
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is ING Groep NV Scaled Net Operating Assets?

ING Groep NV ING -0.10% 70 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates ING with a GF Score™ of 70/100 and a GF Value™ of $22.29 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ING Groep NV's operating assets for the quarter that ended in Mar. 2026 was $1,167,161 Mil. ING Groep NV's operating liabilities for the quarter that ended in Mar. 2026 was $1,043,409 Mil. ING Groep NV's Total Assets for the quarter that ended in Dec. 2025 was $1,234,666 Mil. Therefore, ING Groep NV's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.

ING
70GF Score
ING Groep NV ING
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ING Groep NV Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ING Groep NV's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1172735.363-965144.028)/1068633.508
=0.19

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1234666.276 - 61930.913
=1172735.363

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1175002.342 - 209858.314 - 0
=965144.028

ING Groep NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1167160.694-1043409.248)/1234666.276
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1315041.618 - 147880.924
=1167160.694

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1254852.023 - 211442.775 - 0
=1043409.248

* 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.

What does a Scaled Net Operating Assets of 0.10 mean?
ING Groep NV (ING) has a Scaled Net Operating Assets of 0.10 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ING Groep NV and its competitors.
Is ING Groep NV's Scaled Net Operating Assets too high?
ING Groep NV's current Scaled Net Operating Assets is 0.10. 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 Scaled Net Operating Assets compare to JPM and BAC?
ING Groep NV's Scaled Net Operating Assets of 0.10 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ING Groep NV and its competitors. ING Groep NV's current Scaled Net Operating Assets is 0.10. 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 $22.29, compared to a current price of $31.02 — trading 39.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.10. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For ING Groep NV (ING), the current Scaled Net Operating Assets is 0.10 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 $31.02 is trading 39.2% above its estimated GF Value™ of $22.29. GuruFocus considers ING Groep NV to be Significantly Overvalued.

Key valuation signals for ING:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: $22.29 vs. price of $31.02 (39.2% above fair value)
  • GF Score™: 70/100 with 7 warning signs

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.

ING Groep NV Business Description

Address Bijlmerdreef 106, Amsterdam, NLD, 1102 CT
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

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.02
Price
$22.29
GF Value