ING Bank Slaski S.A.

WSE:ING Stock Report

Market Cap: zł58.7b

ING Bank Slaski Valuation

Is ING undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ING when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ING (PLN453.8) is trading below our estimate of future cash flow value (PLN522.17)

Significantly Below Future Cash Flow Value: ING is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ING?

Key metric: As ING is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ING. This is calculated by dividing ING's market cap by their current earnings.
What is ING's PE Ratio?
PE Ratio13.3x
Earningszł4.44b
Market Capzł58.68b

Price to Earnings Ratio vs Peers

How does ING's PE Ratio compare to its peers?

The above table shows the PE ratio for ING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
MBK mBank
15.8x9.12%zł59.1b
PEO Bank Polska Kasa Opieki
9.3x3.44%zł61.2b
EBP Erste Bank Polska
11.9x9.64%zł66.9b
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
12.3x8.92%zł131.0b
ING ING Bank Slaski
13.3x5.72%zł58.7b

Price-To-Earnings vs Peers: ING is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (12.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ING's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ING 13.3xIndustry Avg. 11.6xNo. of Companies43PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ING is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the European Banks industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is ING's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ING PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: ING is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ING forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł453.80
zł406.00
-10.53%
9.38%zł443.00zł350.00n/a7
Jun ’27zł431.20
zł382.28
-11.35%
12.41%zł443.00zł321.95n/a7
May ’27zł392.20
zł384.71
-1.91%
12.97%zł443.00zł321.95n/a7
Apr ’27zł418.50
zł381.44
-8.86%
13.81%zł443.40zł321.95n/a7
Mar ’27zł408.50
zł365.72
-10.47%
12.39%zł443.40zł321.95n/a7
Feb ’27zł388.00
zł369.53
-4.76%
14.13%zł470.00zł321.95n/a7
Jan ’27zł341.50
zł369.52
+8.20%
14.14%zł470.00zł321.95n/a7
Dec ’26zł343.00
zł370.99
+8.16%
13.40%zł470.00zł321.95n/a6
Nov ’26zł315.50
zł361.67
+14.63%
15.73%zł470.00zł296.00n/a6
Oct ’26zł301.50
zł344.50
+14.26%
8.95%zł397.00zł296.00n/a6
Sep ’26zł307.00
zł337.50
+9.93%
6.37%zł360.00zł296.00n/a6
Aug ’26zł330.00
zł321.17
-2.68%
11.18%zł360.00zł256.00n/a6
Jul ’26zł310.00
zł321.17
+3.60%
11.18%zł360.00zł256.00zł444.806
Jun ’26zł298.50
zł314.50
+5.36%
11.61%zł360.00zł256.00zł431.206
May ’26zł327.50
zł316.00
-3.51%
12.12%zł364.00zł256.00zł392.206
Apr ’26zł329.00
zł315.32
-4.16%
11.91%zł364.00zł256.00zł418.506
Mar ’26zł295.50
zł306.67
+3.78%
10.62%zł363.00zł256.00zł408.506
Feb ’26zł284.50
zł308.83
+8.55%
11.05%zł363.00zł256.00zł388.006
Jan ’26zł241.50
zł308.83
+27.88%
11.05%zł363.00zł256.00zł341.506
Dec ’25zł236.50
zł298.49
+26.21%
15.79%zł363.00zł213.40zł343.007
Nov ’25zł248.50
zł295.41
+18.88%
16.81%zł363.00zł213.40zł315.507
Oct ’25zł256.50
zł295.41
+15.17%
16.81%zł363.00zł213.40zł301.507
Sep ’25zł279.00
zł295.41
+5.88%
16.81%zł363.00zł213.40zł307.007
Aug ’25zł286.50
zł294.99
+2.96%
16.55%zł363.00zł213.40zł330.007
Jul ’25zł307.00
zł292.13
-4.84%
16.92%zł363.00zł213.40zł310.007
zł406
Fair Value
11.8% overvalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/03 17:45
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ING Bank Slaski S.A. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michal KonarskiBiuro maklerskie mBanku
Mikolaj LemanczykBiuro maklerskie mBanku
Maciej SzczesnyBofA Global Research