Bank of Nova Scotia
Bank of Nova Scotia (BNS) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Toronto, Canada and has 81,734 employees. The company is worth $113.85B and trades at 17.0x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$37.1B in fiscal 2025, up 10.4% from the year before. Net income was CA$7.79B. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.46%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $230.59M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +46.7% over 5Y.
today you would have $1,783.74▲ +78.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $73.69 | $53.72 | $48.69 | $48.98 | |
| EPS | CA$5.67 | CA$5.87 | CA$5.72 | CA$8.02 | |
| Dividend yield | 5.32% | 3.10% | 5.85% | 6.38% | 4.79% |
| Profit margin | 23.12% | 21.00% | 23.08% | 23.15% | 31.47% |
| ROE | 9.48% | 8.97% | 9.42% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| HDBHdfc Bank Ltd | $22.44 | 14.6x | 8.9x | 1.83% | 11.01% | $115.33B |
| MFGMizuho Financial Group Inc | $9.71 | 13.9x | 1.6x | 1.85% | 12.49% | $117.22B |
| CMECME Group Inc | $305.98 | 25.1x | 4.1x | 3.69% | 16.13% | $110.02B |
| BMOBank of Montreal /can/ | $170.44 |
| 9.55% |
| 13.54% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.5% a year against a 10.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-32.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 19.3x |
| 2.0x |
| 2.85% |
| 10.57% |
| $118.47B |
| IBNIcici Bank Ltd | $29.94 | 17.5x | 5.6x | 0.83% | 16.49% | $107.48B |
| ITUBItau Unibanco Holding S.A. | $9.49 | 12.5x | 2.4x | 6.00% | 21.48% | $104.6B |