Is ING or LYG more undervalued in 2026?

CirclFi compares ING Group, N.V. (ING) and Lloyds Banking Group Plc (LYG) using 13 institutional-grade valuation models. ING has a Quality of Company score of 1.7/10 while LYG scores 1.9/10.

Which is a better buy — ING or LYG?

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 ING and LYG valuations compare?

ING at $30.94 and LYG at $5.47 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ING vs LYG Valuation Comparison 2026 — Intrinsic Value Analysis

ING

Commercial Banks, NEC

ING Group, N.V.

Quality

1.7

out of 10

Value Trap

—

Price

$30.94

Last close

Models

12/13

Active

LYG

Commercial Banks, NEC

Lloyds Banking Group Plc

Quality

1.9

out of 10

Value Trap

—

Price

$5.47

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	ING Fair Value	ING Upside	LYG Fair Value	LYG Upside
Bayesian DCF	Intrinsic	$10.13	-67.3%	$1.79	-67.2%
Earnings Power Value	Intrinsic	$12.67	-54.7%	$2.42	-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	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for ING vs LYG — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

ING vs LYG — Which Stock Is More Undervalued?

LYG scores higher with a 1.9/10 quality rating vs ING's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing ING Group, N.V. (ING) and Lloyds Banking Group Plc (LYG) 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.

ING currently trades at $30.94 with a QOC of 1.7/10, while LYG trades at $5.47 with a QOC of 1.9/10.

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).