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The Bank of Nova Scotia BNS.TO

CA · Toronto Stock Exchange · XTSE · stock · Financial Services · website

The Bank of Nova Scotia statistics & valuation

Market capC$154.2B
P / E19.8×
P / S4.2×
P / B1.8×
P / FCF30.5×
Dividend yield3.81%
Net margin21.0%
Return on equity9.0%
FCF margin13.6%
Net debtC$248.9B
Enterprise value USD$289.8B
Graham number -24.6%C$95.26

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$95.26); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
31.50% 23.20% 23.10% 21.00% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
13.50% 9.50% 9.40% 9.00% 2022202320242025
Shares outstanding
1.22B 1.22B 1.22B 1.22B 2022202320242025
Net debt (C$)
C$244.96B C$223.50B C$236.81B C$248.91B 2022202320242025
Share buybacks (C$)
C$3.37B C$0 C$300.0M C$2.58B 2022202320242025
Return on assets (%)
0.70% 0.50% 0.50% 0.50% 2022202320242025
Free cash flow margin (%)
52.00% 98.70% 45.10% 13.60% 2022202320242025
Debt / equity (×)
4.25× 4.08× 3.65× 3.62× 2022202320242025
EPS (C$)
C$8.02 C$5.72 C$5.87 C$5.67 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

The Bank of Nova Scotia trades at about 22.3× earnings — above its 10-year norm (10-year range 8.8×–17.1×, median 13.6×).

8.8× 22.3×

Shaded band = 10-year range (8.8×–17.1×); dot = today's 22.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin21.0%23.1%23.2%31.5%
FCF margin13.6%45.1%98.7%52.0%
Return on assets0.5%0.5%0.5%0.7%
Return on equity9.0%9.4%9.5%13.5%
Debt / equity2.30×2.36×2.48×2.42×

Computed from company filings · CA · as of 2025-10-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.