ING Groep NV (MIL:1INGA) Altman Z2-Score

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1INGA ING Groep NV MIL:1INGA
63 GF Score
Price €28.40
GF Value €19.80
Valuation Significantly Overvalued
! 7 Warning Signs
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What is ING Groep NV Altman Z2-Score?

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Altman Z2-Score does not apply to banks and insurance companies.

MIL:1INGA
63GF Score
ING Groep NV MIL:1INGA
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is ING Groep NV (MIL:1INGA) Overvalued in 2026?

Based on GuruFocus' analysis, ING Groep NV stock appears to be overvalued. The current stock price of €28.40 is trading 43.4% above its estimated GF Value™ of €19.80. GuruFocus considers ING Groep NV to be Significantly Overvalued.

Key valuation signals for MIL:1INGA:

  • Altman Z2-Score:
  • GF Value™: €19.80 vs. price of €28.40 (43.4% above fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the MIL:1INGA 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.
63GF Score

Get the complete analysis for MIL:1INGA

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.40
Price
€19.80
GF Value