(BNS) Bank of Nova Scotia - Overview
Stock: Banking, Credit Cards, Mortgages, Investment, Insurance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.82% |
| Yield on Cost 5y | 7.76% |
| Yield CAGR 5y | 1.76% |
| Payout Consistency | 94.5% |
| Payout Ratio | 44.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.1% |
| Relative Tail Risk | -2.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.51 |
| Alpha | 45.63 |
| Character TTM | |
|---|---|
| Beta | 0.393 |
| Beta Downside | 0.256 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.53% |
| CAGR/Max DD | 0.76 |
Description: BNS Bank of Nova Scotia January 28, 2026
The Bank of Nova Scotia (NYSE:BNS) is a diversified Canadian-based bank operating across North America, Latin America, the Caribbean and globally through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking & Markets. It delivers retail banking products (debit/credit cards, chequing & savings accounts, mortgages, loans, insurance), automotive financing, and business services (lending, deposits, cash management, trade finance). Its wealth-management arm offers brokerage platforms, trust and private-banking services, as well as mutual funds, ETFs, and institutional investment vehicles.
Key recent metrics (as of Q3 2024): net income rose 7 % YoY to C$5.2 billion, driven by a 120 bps increase in net interest margin (NIM) to 2.3 % amid a higher-for-longer rate environment; the CET1 capital ratio held at a robust 13.1 % (well above the regulatory minimum). Loan growth in the Canadian segment accelerated to 5.4 % YoY, while international loan growth lagged at 1.8 % due to slower credit demand in Latin America. The bank’s return on equity (ROE) remained steady at 13.0 %.
Sector drivers that materially affect BNS include the Bank of Canada’s policy rate trajectory (currently 5.0 % and expected to stay elevated through 2025), Canadian housing market dynamics (housing starts up 3 % QoQ, supporting mortgage demand), and commodity price trends that influence the bank’s exposure to Latin American economies. A sustained high-rate environment benefits NIM but can pressure loan-loss provisions if economic growth slows.
For a deeper quantitative assessment, you might explore the company’s metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 7.79b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.70 > 1.0 |
| NWC/Revenue: -1289 % < 20% (prev -1425 %; Δ 135.5% < -1%) |
| CFO/TA 0.00 > 3% & CFO 5.41b > Net Income 7.79b |
| Net Debt (438.06b) to EBITDA (11.74b): 37.33 < 3 |
| Current Ratio: 0.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.25b) vs 12m ago 0.81% < -2% |
| Gross Margin: 44.25% > 18% (prev 0.29%; Δ 4397 % > 0.5%) |
| Asset Turnover: 5.10% > 50% (prev 4.61%; Δ 0.48% > 0%) |
| Interest Coverage Ratio: 0.28 > 6 (EBITDA TTM 11.74b / Interest Expense TTM 36.08b) |
Altman Z'' -4.00
| A: -0.65 (Total Current Assets 123.06b - Total Current Liabilities 1066.66b) / Total Assets 1460.04b |
| B: 0.04 (Retained Earnings 58.92b / Total Assets 1460.04b) |
| C: 0.01 (EBIT TTM 10.13b / Avg Total Assets 1436.03b) |
| D: 0.06 (Book Value of Equity 76.93b / Total Liabilities 1371.45b) |
| Altman-Z'' Score: -4.00 = D |
Beneish M -3.25
| DSRI: 1.02 (Receivables 14.96b/13.09b, Revenue 73.18b/65.11b) |
| GMI: 0.65 (GM 44.25% / 28.65%) |
| AQI: 0.99 (AQ_t 0.91 / AQ_t-1 0.92) |
| SGI: 1.12 (Revenue 73.18b / 65.11b) |
| TATA: 0.00 (NI 7.79b - CFO 5.41b) / TA 1460.04b) |
| Beneish M-Score: -3.25 (Cap -4..+1) = AA |
What is the price of BNS shares?
Over the past week, the price has changed by +2.72%, over one month by +4.48%, over three months by +18.30% and over the past year by +55.18%.
Is BNS a buy, sell or hold?
- StrongBuy: 4
- Buy: 0
- Hold: 10
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the BNS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 70 | -8.5% |
| Analysts Target Price | 70 | -8.5% |
| ValueRay Target Price | 89.3 | 16.9% |
BNS Fundamental Data Overview January 24, 2026
P/E Trailing = 18.1907
P/E Forward = 12.8866
P/S = 2.93
P/B = 1.6554
P/EG = 1.8032
Revenue TTM = 73.18b CAD
EBIT TTM = 10.13b CAD
EBITDA TTM = 11.74b CAD
Long Term Debt = 38.15b CAD (from longTermDebt, last quarter)
Short Term Debt = 301.49b CAD (from shortTermDebt, last quarter)
Debt = 504.02b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 438.06b CAD (from netDebt column, last quarter)
Enterprise Value = 521.33b CAD (125.41b + Debt 504.02b - CCE 108.10b)
Interest Coverage Ratio = 0.28 (Ebit TTM 10.13b / Interest Expense TTM 36.08b)
EV/FCF = 103.0x (Enterprise Value 521.33b / FCF TTM 5.06b)
FCF Yield = 0.97% (FCF TTM 5.06b / Enterprise Value 521.33b)
FCF Margin = 6.91% (FCF TTM 5.06b / Revenue TTM 73.18b)
Net Margin = 10.64% (Net Income TTM 7.79b / Revenue TTM 73.18b)
Gross Margin = 44.25% ((Revenue TTM 73.18b - Cost of Revenue TTM 40.79b) / Revenue TTM)
Gross Margin QoQ = 46.50% (prev 46.16%)
Tobins Q-Ratio = 0.36 (Enterprise Value 521.33b / Total Assets 1460.04b)
Interest Expense / Debt = 1.71% (Interest Expense 8.63b / Debt 504.02b)
Taxrate = 22.92% (656.0m / 2.86b)
NOPAT = 7.81b (EBIT 10.13b * (1 - 22.92%))
Current Ratio = 0.12 (Total Current Assets 123.06b / Total Current Liabilities 1066.66b)
Debt / Equity = 5.80 (Debt 504.02b / totalStockholderEquity, last quarter 86.87b)
Debt / EBITDA = 37.33 (Net Debt 438.06b / EBITDA 11.74b)
Debt / FCF = 86.57 (Net Debt 438.06b / FCF TTM 5.06b)
Total Stockholder Equity = 85.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.54% (Net Income 7.79b / Total Assets 1460.04b)
RoE = 9.15% (Net Income TTM 7.79b / Total Stockholder Equity 85.10b)
RoCE = 8.22% (EBIT 10.13b / Capital Employed (Equity 85.10b + L.T.Debt 38.15b))
RoIC = 2.05% (NOPAT 7.81b / Invested Capital 381.61b)
WACC = 2.52% (E(125.41b)/V(629.43b) * Re(7.36%) + D(504.02b)/V(629.43b) * Rd(1.71%) * (1-Tc(0.23)))
Discount Rate = 7.36% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.39%
[DCF Debug] Terminal Value 85.03% ; FCFF base≈8.96b ; Y1≈7.94b ; Y5≈6.59b
Fair Price DCF = N/A (negative equity: EV 199.68b - Net Debt 438.06b = -238.38b; debt exceeds intrinsic value)
EPS Correlation: -37.75 | EPS CAGR: -2.84% | SUE: 0.68 | # QB: 0
Revenue Correlation: 86.30 | Revenue CAGR: 24.70% | SUE: 4.0 | # QB: 4
EPS next Quarter (2026-04-30): EPS=1.93 | Chg30d=-0.002 | Revisions Net=-1 | Analysts=12
EPS current Year (2026-10-31): EPS=8.03 | Chg30d=-0.025 | Revisions Net=+1 | Growth EPS=+13.2% | Growth Revenue=+3.5%
EPS next Year (2027-10-31): EPS=9.00 | Chg30d=-0.015 | Revisions Net=+1 | Growth EPS=+12.2% | Growth Revenue=+5.3%