BANK OF NOVA SCOTIA (BNS.CA) Stock Fundamental Analysis

TSX:BNS • CA0641491075

103.28 CAD
-1.48 (-1.41%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall BNS gets a fundamental rating of 3 out of 10. We evaluated BNS against 24 industry peers in the Banks industry. Both the profitability and financial health of BNS have multiple concerns. BNS is quite expensive at the moment. It does show a decent growth rate. BNS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • BNS had positive earnings in the past year.
  • In the past year BNS had a positive cash flow from operations.
  • BNS had positive earnings in each of the past 5 years.
  • BNS had a positive operating cash flow in 4 of the past 5 years.
BNS.CA Yearly Net Income VS EBIT VS OCF VS FCFBNS.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.50%, BNS is doing worse than 79.17% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 8.36%, BNS is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
ROA 0.5%
ROE 8.36%
ROIC N/A
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.74%
ROE(5y)10.53%
ROIC(3y)N/A
ROIC(5y)N/A
BNS.CA Yearly ROA, ROE, ROICBNS.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of BNS (19.24%) is worse than 83.33% of its industry peers.
  • BNS's Profit Margin has declined in the last couple of years.
  • The Operating Margin and Gross Margin are not available for BNS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 19.24%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.46%
PM growth 5Y-1.74%
GM growth 3YN/A
GM growth 5YN/A
BNS.CA Yearly Profit, Operating, Gross MarginsBNS.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • BNS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, BNS has less shares outstanding
  • The number of shares outstanding for BNS has been increased compared to 5 years ago.
  • The debt/assets ratio for BNS has been reduced compared to a year ago.
BNS.CA Yearly Shares OutstandingBNS.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BNS.CA Yearly Total Debt VS Total AssetsBNS.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T

2.2 Solvency

  • The Debt to FCF ratio of BNS is 46.43, which is on the high side as it means it would take BNS, 46.43 years of fcf income to pay off all of its debts.
  • BNS has a Debt to FCF ratio of 46.43. This is in the lower half of the industry: BNS underperforms 62.50% of its industry peers.
  • A Debt/Equity ratio of 2.68 is on the high side and indicates that BNS has dependencies on debt financing.
  • BNS has a worse Debt to Equity ratio (2.68) than 70.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.68
Debt/FCF 46.43
Altman-Z N/A
ROIC/WACCN/A
WACC11.55%
BNS.CA Yearly LT Debt VS Equity VS FCFBNS.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BNS.CA Yearly Current Assets VS Current LiabilitesBNS.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.58% over the past year.
  • BNS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.75% yearly.
  • Looking at the last year, BNS shows a quite strong growth in Revenue. The Revenue has grown by 12.09% in the last year.
  • BNS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.79% yearly.
EPS 1Y (TTM)9.58%
EPS 3Y-5.83%
EPS 5Y5.75%
EPS Q2Q%22.93%
Revenue 1Y (TTM)12.09%
Revenue growth 3Y6.31%
Revenue growth 5Y3.79%
Sales Q2Q%14.98%

3.2 Future

  • Based on estimates for the next years, BNS will show a small growth in Earnings Per Share. The EPS will grow by 6.74% on average per year.
  • BNS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y14.31%
EPS Next 2Y13.31%
EPS Next 3Y11.43%
EPS Next 5Y6.74%
Revenue Next Year5.18%
Revenue Next 2Y5.09%
Revenue Next 3Y4.56%
Revenue Next 5Y3.58%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BNS.CA Yearly Revenue VS EstimatesBNS.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
BNS.CA Yearly EPS VS EstimatesBNS.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

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2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.57, the valuation of BNS can be described as correct.
  • 70.83% of the companies in the same industry are cheaper than BNS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.97, BNS is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 12.74, which indicates a correct valuation of BNS.
  • Based on the Price/Forward Earnings ratio, BNS is valued a bit more expensive than 70.83% of the companies in the same industry.
  • BNS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 14.57
Fwd PE 12.74
BNS.CA Price Earnings VS Forward Price EarningsBNS.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, BNS is valued a bit more expensive than 70.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.2
EV/EBITDA N/A
BNS.CA Per share dataBNS.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • BNS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.02
PEG (5Y)2.53
EPS Next 2Y13.31%
EPS Next 3Y11.43%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.26%, BNS is a good candidate for dividend investing.
  • BNS's Dividend Yield is rather good when compared to the industry average which is at 3.03. BNS pays more dividend than 91.67% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, BNS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.26%

5.2 History

  • The dividend of BNS has a limited annual growth rate of 4.75%.
  • BNS has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years0
BNS.CA Yearly Dividends per shareBNS.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • BNS pays out 80.91% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of BNS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP80.91%
EPS Next 2Y13.31%
EPS Next 3Y11.43%
BNS.CA Yearly Income VS Free CF VS DividendBNS.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B
BNS.CA Dividend Payout.BNS.CA Dividend Payout, showing the Payout Ratio.BNS.CA Dividend Payout.PayoutRetained Earnings

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BANK OF NOVA SCOTIA

TSX:BNS (2/12/2026, 7:00:00 PM)

103.28

-1.48 (-1.41%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)12-02
Earnings (Next)02-24
Inst Owners51.39%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap127.51B
Revenue(TTM)37.74B
Net Income(TTM)7.26B
Analysts67.37
Price Target103.89 (0.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.26%
Yearly Dividend4.74
Dividend Growth(5Y)4.75%
DP80.91%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-06
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.74%
Min EPS beat(2)3.68%
Max EPS beat(2)7.79%
EPS beat(4)3
Avg EPS beat(4)3.36%
Min EPS beat(4)-3.49%
Max EPS beat(4)7.79%
EPS beat(8)5
Avg EPS beat(8)1.77%
EPS beat(12)5
Avg EPS beat(12)-2.19%
EPS beat(16)8
Avg EPS beat(16)-0.71%
Revenue beat(2)2
Avg Revenue beat(2)2.09%
Min Revenue beat(2)1.03%
Max Revenue beat(2)3.15%
Revenue beat(4)3
Avg Revenue beat(4)2.16%
Min Revenue beat(4)-0.29%
Max Revenue beat(4)4.76%
Revenue beat(8)4
Avg Revenue beat(8)0.68%
Revenue beat(12)4
Avg Revenue beat(12)-0.34%
Revenue beat(16)5
Avg Revenue beat(16)-0.9%
PT rev (1m)0%
PT rev (3m)14.94%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)0.63%
EPS NY rev (1m)-0.28%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.59%
Valuation
Industry RankSector Rank
PE 14.57
Fwd PE 12.74
P/S 3.38
P/FCF 25.2
P/OCF 23.58
P/B 1.47
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)7.09
EY6.86%
EPS(NY)8.1
Fwd EY7.85%
FCF(TTM)4.1
FCFY3.97%
OCF(TTM)4.38
OCFY4.24%
SpS30.57
BVpS70.36
TBVpS57.26
PEG (NY)1.02
PEG (5Y)2.53
Graham Number105.94
Profitability
Industry RankSector Rank
ROA 0.5%
ROE 8.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 19.24%
GM N/A
FCFM 13.41%
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.74%
ROE(5y)10.53%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.46%
PM growth 5Y-1.74%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 2.68
Debt/FCF 46.43
Debt/EBITDA N/A
Cap/Depr 21.63%
Cap/Sales 0.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 69.69%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC11.55%
ROIC/WACCN/A
Cap/Depr(3y)24.57%
Cap/Depr(5y)28.32%
Cap/Sales(3y)1.25%
Cap/Sales(5y)1.41%
Profit Quality(3y)243.31%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.58%
EPS 3Y-5.83%
EPS 5Y5.75%
EPS Q2Q%22.93%
EPS Next Y14.31%
EPS Next 2Y13.31%
EPS Next 3Y11.43%
EPS Next 5Y6.74%
Revenue 1Y (TTM)12.09%
Revenue growth 3Y6.31%
Revenue growth 5Y3.79%
Sales Q2Q%14.98%
Revenue Next Year5.18%
Revenue Next 2Y5.09%
Revenue Next 3Y4.56%
Revenue Next 5Y3.58%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-66.63%
FCF growth 3Y-32.39%
FCF growth 5Y-38.15%
OCF growth 1Y-65.45%
OCF growth 3Y-31.66%
OCF growth 5Y-37.49%

BANK OF NOVA SCOTIA / BNS.CA FAQ

What is the fundamental rating for BNS stock?

ChartMill assigns a fundamental rating of 3 / 10 to BNS.CA.


Can you provide the valuation status for BANK OF NOVA SCOTIA?

ChartMill assigns a valuation rating of 2 / 10 to BANK OF NOVA SCOTIA (BNS.CA). This can be considered as Overvalued.


How profitable is BANK OF NOVA SCOTIA (BNS.CA) stock?

BANK OF NOVA SCOTIA (BNS.CA) has a profitability rating of 2 / 10.


What are the PE and PB ratios of BANK OF NOVA SCOTIA (BNS.CA) stock?

The Price/Earnings (PE) ratio for BANK OF NOVA SCOTIA (BNS.CA) is 14.57 and the Price/Book (PB) ratio is 1.47.


Can you provide the dividend sustainability for BNS stock?

The dividend rating of BANK OF NOVA SCOTIA (BNS.CA) is 7 / 10 and the dividend payout ratio is 80.91%.