P/E ratio for ING (ING)
P/E ratio as of September 2023 (TTM): 7.60
According to ING 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.59951. At the end of 2015 the company had a P/E ratio of 9.37.
P/E ratio history for ING from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2015 | 9.37 | |
| 2013 | 12.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 JPMorgan Chase JPM | 9.35 | 23.08% | 🇺🇸 USA |
 Citigroup C | 5.99 | -21.15% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.6 | 39.35% | 🇨🇦 Canada |
 KB Financial Group KB | 5.30 | -30.31% | 🇰🇷 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.