ING Groep N.V. (ING) Fair Value 2026

ING · Banks - Diversified ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.4 /10

32 fundamental signals · 6 models active

Value Trap Risk

LOW (30/100)

Quick Summary — As of 2026-08-31, ING Groep N.V. (ING) trades at $35.32, versus a $41.71 median fair value across its 6 active models — 18.1% above the current price. QOC: 7.4/10. Value Trap Risk: 30/100 (LOW). 6/13 models active.

Key Facts

Ticker
ING
Price
$35.32
Quality Score
7.4/10
Value Trap Risk
30/100
Models Active
6/13
Last Updated
Strength: CUCE Ensemble suggests +8.9% upside with 19% confidence
Risk: Majority of models suggest overvaluation

Is ING Groep N.V. (ING) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, ING Groep N.V. (ING) appears undervalued as of : the median of 6 independent fair value estimates is $41.71, 18.1% above the current price of $35.32. Estimates range from $27.81 to $61.03. ING scores 7.4/10 on fundamental quality and 30/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.1% versus its own 13-model consensus, across 3,804 rated companies as of 2026-08-31. ING’s +18.1% gap is narrower than that market norm, and the Banks - Diversified sector median is -10.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy ING Groep N.V. Stock in 2026? →

What Fair Value Does Each Model Give ING?

6 Intrinsic Value Models vs. Current Price ($35.32)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $35.12 -0.6%
Ensemble · Low Conviction
 $38.45 +8.9%
Intrinsic · Medium Conviction
 $27.81 -21.3%
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What Is ING's Fair Value Range?

Spread across 6 independent models · $27.81 to $61.03

CirclFi's 6 active models place ING Groep N.V. (ING) between $27.81 and $61.03 per share, a spread of 80% of the median. The median of that range — $41.71 — is the fair value CirclFi publishes for ING, against a current price of $35.32.

Low · Markov DDMHigh · Regime Cross
$27.81median $41.71$61.03
Where the range comes from
Most bearish modelMarkov DDM$27.81
Most bullish modelRegime Cross-Sectional$61.03
Model agreement4 bullish · 1 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

Every figure above is one model's standalone output on ING, not a CirclFi price target. How each model works →

What Is ING Groep N.V. (ING) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, our multi-model framework produces a cautiously optimistic read on ING Groep N.V. at $35.32. With an estimated intrinsic value of $41.71 and 4 of 6 models pointing higher, the median implied return is +18.1%. The most optimistic model, Regime Cross, places fair value at $61.03 (+72.8%), while Markov DDM — the most conservative — estimates $27.81 (-21.3%). This +94.1% gap reflects genuine analytical uncertainty about ING Groep N.V.'s intrinsic worth.

What Do the Models Say About ING?

6 of 13 models are currently active for ING. Of these, 4 models suggest upside while 2 models suggest overvaluation. Taken together, their median fair value for ING is $41.71 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does ING Rank in Banks - Diversified?

Among 20 Banks - Diversified stocks, ING ranks #13 by Quality of Company score. CirclFi's QOC score of 7.4/10 evaluates 32 fundamental signals. A score of 7.4 indicates above-average quality.

ING Groep N.V.'s positioning within the Banks - Diversified segment means that net interest margin (NIM) plays an outsized role in fundamental analysis. The sector's unique characteristics — including digital banking adoption — shape both the opportunity set and risk profile.

Is ING a Value Trap?

CirclFi's Value Trap algorithm assigns ING a score of 30/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for ING Groep N.V.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, ING Groep N.V. scores 7.4 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +94.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every ING valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across ING's 6 active models, average confidence is 35%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy ING Groep N.V. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Banks - Diversified Stocks Should You Also Analyze?

11 related Banks - Diversified stocks with 13-model coverage

CCitigroup Inc.QOC 7.5TDThe Toronto-Dominion BankQOC 7.4MUFGMitsubishi UFJ Financial Group, Inc.QOC 7.9BNSThe Bank of Nova ScotiaQOC 7.2BACBank of America CorporationQOC 8.0SANBanco Santander, S.A.QOC 7.1FRBTForbright, Inc.QOC 4.9NTBThe Bank of N.T. Butterfield & Son LimitedQOC 8.5JPMJPMorgan Chase & Co.QOC 8.1BBVABanco Bilbao Vizcaya Argentaria, S.A.QOC 8.9CMCanadian Imperial Bank of CommerceQOC 8.6

Read investment analysis: C · TD · MUFG · BNS · BAC · SAN · FRBT · NTB · JPM · BBVA · CM

Which Other Stocks Have a Similar Quality Score to ING?

7 companies across all industries closest to ING’s Quality of Company score of 7.4/10.

HUIZHuize Holding LimitedQOC 7.4CMTVCommunity BancorpQOC 7.4PUBMPubMatic, Inc.QOC 7.4SLPSimulations Plus, Inc.QOC 7.4BSRRSierra BancorpQOC 7.4CLDTChatham Lodging TrustQOC 7.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: HUIZ · CMTV · PUBM · SLP · BSRR · CLDT · NVDA

What Else Do Investors Ask About ING Groep N.V.’s Valuation?

What is ING Groep N.V.'s intrinsic value in 2026?

CirclFi puts ING Groep N.V. (ING)'s intrinsic value at $41.71 — the median of 6 independent model estimates as of 2026-08-31, ranging from $27.81 to $61.03. The Quality of Company score is 7.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is ING overvalued or undervalued right now?

At $35.32, 4 of 6 active models suggest ING may be undervalued, while 2 indicate potential overvaluation. The median of all 6 fair value estimates is $41.71, 18.1% above the current price of $35.32 — a consensus view that ING is undervalued. The assessment depends on which methodology best fits ING Groep N.V.'s business model in Banks - Diversified.

What does a Quality of Company score of 7.4 mean for ING?

ING Groep N.V.'s QOC of 7.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on ING?

CirclFi analyzes ING with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on ING?

Of the 6 models currently active on ING, Regime Cross-Sectional is the most bullish at $61.03 per share, and Markov DDM is the most bearish at $27.81. CirclFi's published fair value for ING is the median of that range, $41.71, not either extreme. The gap between the two ends equals 80% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is ING a value trap in 2026?

ING Groep N.V.'s Value Trap score is 30/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, ING Groep N.V. (ING) has a median fair value of $41.71 — 18.1% above the current price of $35.32 — as of 2026-08-31.” Source: circlfi.com/stock/ING/ · Methodology
Primary sources for this ING valuation
  • Financial statements: ING Groep N.V. 10-K and 10-Q filings on SEC EDGAR (CIK 0001039765) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for ING as of ; valuations recomputed .

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