ING
ING
#334
Rank
$59.84 B
Marketcap
$18.51
Share price
0.00%
Change (1 day)
28.10%
Change (1 year)

P/E ratio for ING (ING)

P/E ratio as of July 2024 (TTM): 10.8

According to ING 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8289. At the end of 2022 the company had a P/E ratio of 11.7.

P/E ratio history for ING from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.721.19%
20219.69-23.8%
202012.746.34%
20198.6916.09%
20187.49
20159.37-84.19%
201459.3396.5%
201311.933.7%
20128.9381.56%
20114.92-57.05%
201011.5-219.1%
2009-9.6277.62%
2008-5.41-186.17%
20076.28-35.37%
20069.7213.17%
20058.59-5.85%
20049.12-1.41%
20039.2532.13%
20027.00-26.76%
20019.56

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.56-30.16%๐Ÿ‡ฐ๐Ÿ‡ท S. Korea
9.83-9.19%๐Ÿ‡บ๐Ÿ‡ธ USA
12.9 19.35%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2-5.74%๐Ÿ‡จ๐Ÿ‡ฆ Canada

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.