Last 48 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.67 | 9.54 | 9.72 | 10.80 | 9.94 | 7.56 | 8.44 | 19.38 | 10.55 | 8.27 | 7.31 | 6.96 | 9.82 | 7.32 | 7.38 | 9.95 | 7.65 | 7.22 | 7.13 | 8.07 | 8.32 |
| — | +26.3% | +15.2% | -44.3% | -5.8% | -8.7% | +15.5% | +178.6% | +7.4% | +13.0% | -1.0% | -30.1% | +28.5% | +1.4% | +3.5% | +23.3% | -8.1% | -7.9% | -15.8% | +12.6% | +13.7% | |
| P/S Ratio | 4.26 | 1.86 | 1.83 | 2.35 | 2.13 | 1.86 | 1.74 | 1.73 | 1.87 | 1.70 | 1.75 | — | — | — | — | — | 13.40 | 5.17 | 3.63 | 3.79 | 3.57 |
| — | +0.2% | +5.2% | +36.3% | +13.8% | +8.8% | -0.5% | — | — | — | — | — | — | — | — | — | +275.5% | +57.1% | +4.6% | +34.6% | +39.7% | |
| P/B Ratio | 1.81 | 0.85 | 0.80 | 1.04 | 0.92 | 0.81 | 0.72 | 0.74 | 0.76 | 0.69 | 0.70 | 0.71 | 0.62 | 0.79 | 0.76 | 0.86 | 0.78 | 1.00 | 1.06 | 1.20 | 1.10 |
| — | +4.5% | +10.6% | +41.0% | +21.9% | +16.9% | +3.5% | +4.3% | +21.4% | -12.0% | -8.4% | -17.2% | -19.6% | -21.1% | -28.2% | -28.4% | -29.6% | -5.8% | -4.5% | +29.2% | +49.9% | |
| P/FCF | 31.26 | 1.45 | 1.61 | — | — | 4.01 | 6.60 | 3.38 | 2.25 | 2.06 | — | 6.63 | 2.67 | 0.66 | — | 1.00 | — | — | 2.08 | 1.11 | 3.46 |
| — | -63.9% | -75.6% | — | — | +94.3% | — | -49.0% | -15.7% | +212.2% | — | +566.4% | — | — | — | -10.4% | — | — | — | -55.6% | +130.9% | |
| EV / EBITDA | 49.22 | 19.52 | 38.50 | 23.93 | 39.80 | 32.14 | 40.37 | 35.68 | 27.80 | 29.95 | 126.94 | 23.63 | 32.72 | 23.94 | 6.04 | 6.13 | 8.04 | 8.87 | 10.28 | 10.37 | 10.83 |
| — | -39.3% | -4.6% | -32.9% | +43.1% | +7.3% | -68.2% | +51.0% | -15.0% | +25.1% | +2003.4% | +285.7% | +307.1% | +169.9% | -41.3% | -40.9% | -25.8% | -4.4% | -3.7% | +22.1% | +1365.8% | |
| EV / EBIT | 56.74 | 22.79 | 43.11 | 26.83 | 45.40 | 36.02 | 46.54 | 44.05 | 38.75 | 36.13 | — | 27.52 | 45.27 | 27.97 | — | — | — | 21.76 | 19.16 | 17.74 | 19.00 |
| — | -36.7% | -7.4% | -39.1% | +17.2% | -0.3% | — | +60.1% | -14.4% | +29.2% | — | — | — | +28.5% | — | — | — | +37.9% | +0.7% | +14.6% | +1098.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.3% | 89.5% | 87.3% | 88.1% | 88.4% | 88.8% | 84.3% | 87.5% | -21.1% | -21.5% | 230.7% | -368.0% | -315.2% | -386.1% | -509.1% | -1266.1% | 700.9% | 218.7% | 150.0% | 136.3% | 135.0% |
| — | +0.8% | +3.6% | +0.7% | +519.4% | +512.6% | -63.4% | +123.8% | +93.3% | +94.4% | +145.3% | +70.9% | -145.0% | -276.6% | -439.4% | -1029.0% | +419.1% | +65.1% | +10.4% | -0.5% | -8.2% | |
| Operating Margin | 28.3% | 38.2% | 35.7% | 32.1% | 29.9% | 36.0% | 28.8% | 18.6% | — | 24.5% | 0.4% | -118.8% | -59.3% | -129.2% | -778.1% | -1816.4% | 835.0% | 207.3% | 116.5% | 96.5% | 91.6% |
| — | +6.2% | +23.9% | +72.9% | — | +46.7% | +7375.2% | +115.6% | — | +119.0% | +100.0% | +93.5% | -107.1% | -162.3% | -767.7% | -1982.1% | +812.0% | +136.5% | +27.8% | +9.3% | +0.1% | |
| Net Margin | 21.0% | 28.2% | 27.0% | 23.1% | 23.2% | 26.2% | 22.1% | 12.4% | 19.4% | 22.2% | 25.7% | -95.4% | -53.9% | -104.4% | -137.3% | -273.6% | 190.1% | 71.6% | 50.9% | 45.4% | 44.3% |
| — | +7.5% | +22.0% | +86.9% | +19.7% | +18.2% | -13.8% | +113.0% | +135.9% | +121.3% | +118.7% | +65.1% | -128.3% | -245.7% | -369.6% | -702.4% | +329.4% | +68.8% | +20.8% | +15.2% | +22.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 3.2% | 2.9% | 2.6% | 2.5% | 2.8% | 2.3% | 1.3% | 2.0% | 2.3% | 2.6% | 2.7% | 1.7% | 2.8% | 2.7% | 2.3% | 2.8% | 3.5% | 3.7% | 3.6% | 3.4% |
| — | +14.1% | +27.8% | +91.3% | +29.9% | +24.6% | -10.7% | -50.8% | +13.4% | -17.7% | -6.9% | +19.5% | -37.5% | -20.5% | -24.9% | -36.7% | -19.3% | +1.1% | +9.4% | +10.8% | +32.5% | |
| ROA | 0.5% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +9.6% | +25.0% | +93.4% | +32.3% | +29.1% | -6.5% | -48.1% | +20.9% | -14.7% | -4.2% | +22.7% | -38.0% | -20.3% | -26.7% | -42.1% | -26.6% | -8.5% | +1.9% | +8.7% | +33.8% | |
| ROIC | 1.6% | 0.6% | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.3% | — | 0.5% | 0.0% | 0.5% | 0.3% | 0.5% | 2.4% | 2.2% | 1.9% | 1.6% | 1.3% | 1.3% | 1.3% |
| — | +35.9% | +33.1% | +53.5% | — | -1.6% | +5885.1% | -36.6% | — | -12.2% | -99.7% | -76.6% | -84.9% | -67.9% | +75.6% | +72.3% | +42.8% | +15.8% | -1.7% | -39.7% | -28.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.69 | 3.01 | 5.99 | 2.87 | 5.69 | 5.66 | 5.55 | 3.58 | 3.58 | 3.61 | 2.79 | 3.80 | 3.99 | 4.20 | 3.86 | 4.04 | 4.16 | 3.65 | 3.84 | 3.51 | 3.37 |
| — | -46.9% | +7.9% | -19.7% | +59.1% | +56.9% | +98.9% | -5.9% | -10.4% | -14.0% | -27.8% | -6.0% | -4.1% | +14.9% | +0.6% | +15.1% | +23.4% | +30.5% | +29.6% | +17.9% | +3108.7% | |
| Debt / EBITDA | 41.61 | 62.80 | 138.03 | 72.01 | 154.37 | 128.70 | 161.93 | 145.67 | 111.32 | 120.07 | 512.89 | 97.77 | 150.73 | 105.19 | 24.47 | 25.90 | 33.00 | 34.75 | 42.64 | 43.23 | 44.42 |
| — | -51.2% | -14.8% | -50.6% | +38.7% | +7.2% | -68.4% | +49.0% | -26.1% | +14.2% | +1995.7% | +277.5% | +356.8% | +202.7% | -42.6% | -40.1% | -25.7% | -6.1% | +12.2% | +13.2% | +2927.1% | |
| Current Ratio | 0.12 | 0.04 | 0.04 | 0.04 | 0.12 | 0.19 | 0.19 | — | — | 1.60 | 0.63 | 1.44 | 0.24 | 1.27 | 1.08 | 1.20 | 0.93 | 1.40 | 1.54 | 1.54 | 1.39 |
| — | -76.7% | -80.3% | — | — | -88.3% | -70.2% | — | — | +26.0% | -42.2% | +20.3% | -74.4% | -9.1% | -29.5% | -22.1% | -33.1% | -25.3% | -15.1% | -44.8% | -27.2% | |
| Quick Ratio | 0.12 | 0.04 | 0.04 | 0.04 | 0.12 | 0.19 | 0.19 | — | — | 1.60 | 0.63 | 1.44 | 0.24 | 1.27 | 1.08 | 1.20 | 0.93 | 1.40 | 1.54 | 1.54 | 1.39 |
| — | -76.7% | -80.3% | — | — | -88.3% | -70.2% | — | — | +26.0% | -42.2% | +20.3% | -74.4% | -9.1% | -29.5% | -22.1% | -33.1% | -25.3% | -15.1% | -44.8% | -27.2% | |
| Interest Coverage | 0.29 | 0.46 | 0.45 | 0.41 | 0.33 | 0.39 | 0.29 | 0.18 | 0.19 | 0.19 | -0.04 | 0.25 | 0.14 | 0.26 | -0.04 | -0.05 | -0.06 | 0.75 | 1.33 | 1.66 | 1.60 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying BNS stock.
The Bank of Nova Scotia's current P/E is 22.7x. The average P/E over the last 4 quarters is 10.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Bank of Nova Scotia's current operating margin is 28.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Bank of Nova Scotia's business trajectory between earnings reports.