Is BNS or ING more undervalued in 2026?

CirclFi compares Bank Nova Scotia Halifax Pfd 3 (BNS) and ING Group, N.V. (ING) using 13 institutional-grade valuation models. BNS has a Quality of Company score of 1.7/10 while ING scores 1.7/10.

Which is a better buy — BNS or ING?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BNS and ING valuations compare?

BNS at $79.79 and ING at $30.84 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BNS vs ING Valuation Comparison 2026 — Intrinsic Value Analysis

BNS

Banks - Diversified

Bank Nova Scotia Halifax Pfd 3

Quality

1.7

out of 10

Value Trap

—

Price

$79.79

Last close

Models

11/13

Active

ING

Banks - Diversified

ING Group, N.V.

Quality

1.7

out of 10

Value Trap

—

Price

$30.84

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	BNS Fair Value	BNS Upside	ING Fair Value	ING Upside
Bayesian DCF	Intrinsic	$26.60	-66.7%	$10.28	-66.7%
Earnings Power Value	Intrinsic	$34.31	-54.7%	$12.67	-54.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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BNS vs ING — Which Stock Is More Undervalued?

Both BNS and ING score 1.7/10 on quality. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bank Nova Scotia Halifax Pfd 3 (BNS) and ING Group, N.V. (ING) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BNS currently trades at $79.79 with a QOC of 1.7/10, while ING trades at $30.84 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).