P/E ratio for ING (ING)
P/E ratio as of April 2024 (TTM): 9.16
According to ING 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.16154. 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 |
|---|---|---|
| 2022 | 11.7 | 21.19% |
| 2021 | 9.69 | -23.8% |
| 2020 | 12.7 | 46.34% |
| 2019 | 8.69 | 16.09% |
| 2018 | 7.49 | |
| 2015 | 9.37 | -84.19% |
| 2014 | 59.3 | 396.5% |
| 2013 | 11.9 | 33.7% |
| 2012 | 8.93 | 81.56% |
| 2011 | 4.92 | -57.05% |
| 2010 | 11.5 | -219.1% |
| 2009 | -9.62 | 77.62% |
| 2008 | -5.41 | -186.17% |
| 2007 | 6.28 | -35.37% |
| 2006 | 9.72 | 13.17% |
| 2005 | 8.59 | -5.85% |
| 2004 | 9.12 | -1.41% |
| 2003 | 9.25 | 32.13% |
| 2002 | 7.00 | -26.76% |
| 2001 | 9.56 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 JPMorgan Chase JPM | 11.5 | 25.60% | 🇺🇸 USA |
 Citigroup C | 9.09 | -0.82% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.2 | 11.84% | 🇨🇦 Canada |
 KB Financial Group KB | 6.23 | -31.97% | 🇰🇷 S. Korea |
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.