The Bank of Nova Scotia (BNS) P/E Ratio History
Historical price-to-earnings valuation from 1999 to 2025
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BNS Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, The Bank of Nova Scotia (BNS) trades at a price-to-earnings ratio of 18.7x, with a stock price of $78.08 and trailing twelve-month earnings per share of $6.26.
The current P/E is 117% above its 5-year average of 8.6x. Over the past five years, BNS's P/E has ranged from a low of 5.9x to a high of 11.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, BNS trades at a 42% premium to its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 13.09 (P/E divided by -3% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, BNS trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BNS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BNS P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $181B | 12.7 | 1.02 | +145%Best | |
| $108B | 18.2 | 2.10 | +20% | |
| $102B | 17.6 | 1.11 | +18% | |
| $254B | 17.6 | 1.41 | +25% | |
| $90B | 22.5 | 4.37 | +49% | |
| $86B | 12.0Lowest | 1.40 | +22% | |
| $826B | 15.5 | 1.19 | +22% | |
| $401B | 13.8 | 0.90Best | +19% | |
| $226B | 21.7 | - | +47% | |
| $245B | 14.7 | 2.63 | +11% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
BNS Historical P/E Data (1999–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Fri Oct 31 2025 00:00:00 GM | $65.60 | $5.63 | 11.7x | +25% |
| FY2025 Q3 | $55.61 | $5.20 | 10.7x | +15% | |
| FY2025 Q2 | Wed Apr 30 2025 00:00:00 GM | $49.98 | $4.77 | 10.5x | +12% |
| FY2025 Q1 | Fri Jan 31 2025 00:00:00 GM | $51.17 | $4.86 | 10.5x | +13% |
| FY2024 Q4 | $51.49 | $5.88 | 8.8x | -6% | |
| FY2024 Q3 | Wed Jul 31 2024 00:00:00 GM | $46.67 | $5.69 | 8.2x | -12% |
| FY2024 Q2 | $45.90 | $6.00 | 7.7x | -18% | |
| FY2024 Q1 | Wed Jan 31 2024 00:00:00 GM | $46.75 | $6.12 | 7.6x | -18% |
| FY2023 Q4 | $40.47 | $5.80 | 7.0x | -25% | |
| FY2023 Q3 | Mon Jul 31 2023 00:00:00 GM | $50.36 | $6.35 | 7.9x | -15% |
| FY2023 Q2 | Sun Apr 30 2023 00:00:00 GM | $49.91 | $6.74 | 7.4x | -21% |
| FY2023 Q1 | $54.13 | $7.27 | 7.4x | -20% |
Average P/E for displayed period: 9.3x
Full BNS Stock Analysis
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Start ComparisonBNS — Frequently Asked Questions
Quick answers to the most common questions about buying BNS stock.
Is BNS stock overvalued or undervalued?
BNS trades at 18.7x P/E, above its 5-year average of 8.6x. The 100th percentile ranking indicates a premium to historical valuation.
How does BNS's valuation compare to peers?
The Bank of Nova Scotia P/E of 18.7x compares to sector median of 13.1x. The premium reflects expected growth above peers.
What is BNS's PEG ratio?
BNS PEG ratio is 13.09. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1999-2025.