NYSE · BNS
The Bank of Nova Scotia
Financial Services · Banks - Diversified
$92.25▼ 1.92% ($1.81)at close
After hours$95.58▲ 3.61%7:17 PM ET
Market cap
$112.46B
P/E
11.36
EPS (TTM)
$8.12
Next earnings
Dec 2, 2026
Valuation
P/E Valuation
Estimated value / share · Base
$87.77
−5%Price vs. estimate range
Assumption scenarios, not confidence intervals
Bear $88.37, Base $87.77, Bull $95.50; price used $92.25
Bear $88.37, Base $87.77, Bull $95.50; price used $92.25
- P/E multiple
- 10.8×
- Earnings basis
- Trailing EPS
USD · Trailing earnings · Price Sep 23, 8:00 PM UTC
Selecting a scenario changes the estimate above. Your custom work is kept.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 43.31% over the last year. Revenue declined 3.18% over the trailing twelve months. Operating margin moved from 13.33% to 18.75%. Free cash flow grew 97.69% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 17th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 18.75%. Revenue declined 3.18% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Return analysis
Company profile
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.
Market multiples
Stock splits
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
10
Buy
8
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Dec 2, 2026
Q4 FY26 · EPS est $1.59 · Revenue est $7.32B
View