ING EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
ING's ev/ebitda is higher than 82% of the last 10 years.
EV/EBITDA History
ING EV/EBITDA by year
Yearly range of ING’s ev/ebitda from 2016 to 2026. Over the full period it ranged from -1.4 to 2,040.7, averaging 74.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.3 | 20.5 | 21.7 | 21.6 |
| 2025 | 13.3 | 16.4 | 20.3 | 20.3 |
| 2024 | 9.5 | 11.1 | 16.0 | 16.0 |
| 2023 | 6.5 | 9.0 | 14.7 | 7.4 |
| 2022 | 0.7 | 4.1 | 9.2 | 2.7 |
| 2021 | -1.4 | 7.5 | 17.4 | 8.3 |
| 2020 | -0.8 | 12.1 | 18.0 | -0.8 |
| 2019 | 16.0 | 17.9 | 20.4 | 17.7 |
| 2018 | 17.0 | 51.5 | 94.7 | 17.0 |
| 2017 | 1,994.3 | 2,020.7 | 2,040.7 | 2,025.5 |
| 2016 | 44.1 | 139.3 | 158.9 | 157.4 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is ING EV/EBITDA High or Low Right Now?
ING Groep N.V.'s EV/EBITDA is currently 21.6, which is historically pricey relative to its 10-year historical range. The 10-year median EV/EBITDA for ING is approximately 15.2. See all ING valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.