Bank of Nova Scotia
Bank of Nova Scotia is a Canadian multinational banking and financial services company that operates as Scotiabank. The bank provides a broad range of financial products and services for personal, commercial, corporate, and institutional clients, including everyday banking, lending, wealth management, private banking, and capital markets solutions. Its business is organized across Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets, giving it a diversified mix of retail and wholesale financial activities. Bank of Nova Scotia serves customers in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean, and Central America, with a notable international presence in Latin America. Headquartered in Toronto, Bank of Nova Scotia plays a significant role in North American banking and in cross-border financial services across multiple markets.
C$129.49
+C$0.27 (+0.21%)
EOD Oct 16, 2026
20.91% net margin is respectable. The institution appears to be managing its interest spread and credit risk adequately.
Revenue grew 10.4% YoY.
At 17x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.
16.7x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$39.39B
▲ +10.4% YoY
Net Income (TTM)
C$10.09B
▼ -1.7% YoY
Net Margin
25.62%
P/E
16.7x
Balance Sheet
Total Assets
C$1.46T
Equity
C$88.59B
Total Debt
C$314.88B
Cash & Equiv.
C$108.10B
3Y CAGR: +5.6%
Continue Research
Is Bank of Nova Scotia (BNS) overvalued?
At a P/E of 16.7 and a price-to-free-cash-flow of 25.1, Bank of Nova Scotia (BNS) trades above a two-stage DCF intrinsic value of about C$-79.30 per share, so at C$129.49 the stock looks overvalued (161.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Bank of Nova Scotia scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.5%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Bank of Nova Scotia's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$-79.30 per share for BNS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$-59.48. At today's C$129.49, that puts the stock about 161.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Bank of Nova Scotia a high-quality business?+
Bank of Nova Scotia scores 61 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Bank of Nova Scotia (BNS) pay a dividend, and how much?+
Yes, Bank of Nova Scotia pays a regular dividend of about C$4.47 per share per year (typically in quarterly installments), a yield of roughly 3.5% at the current price. That is a payout ratio of about 54.4% of earnings, so the dividend is well covered. Bank of Nova Scotia has grown the dividend at roughly 4.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BNS's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Bank of Nova Scotia a good stock to buy right now?+
That depends on valuation and quality together, not either alone. BNS currently trades above its estimated intrinsic value and scores 61/100 on quality (solid). It also yields about 3.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.