Bank Nova Scotia Halifax Pfd 3 (BNS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Bank Nova Scotia Halifax Pfd 3

NYSE•Financial Services•Banks - Diversified

$94.07-0.03(<0.01%)Market closed

Market Cap

$82.22B

P/E

8.2x

P/S

1.1x

P/B

0.9x

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. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability23/25

Growth14/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality14/25

Strengths

Strong marginsRising earningsCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.7x5y range 5.8x – 10.5x

Currently near its 20-quarter median.

P/S · 1.1x5y range 0.8x – 2.9x

Currently below its 20-quarter median.

P/B · 0.9x5y range 0.6x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

D/E ratio of 2.4 is elevated. Watch for further debt accumulation.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $82.22B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $71.51B
Q. Revenue: $18.48B
TTM EBITDA: $14.96B
TTM Op. Income: $13.41B
Q. Op. Income: $3.94B
TTM Net Income: $10.01B
Q. Net Income: $2.91B
EPS: N/A
Shares Out.: $874.02M

$71.51B in TTM revenue declined 3.2% YoY, reaching $18.48B last quarter. TTM EBITDA of $14.96B and TTM operating income of $13.41B show growth is flowing through to the bottom line. TTM net income of $10.01B means revenue is converting into profit. Over the past year, TTM revenue is down 3% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 23.3%
Op. Margin: 21.3%
Net Margin: 15.7%

Op. margin of 21.3% is up 2.6% YoY — cost efficiency is improving. Net margin at 15.7% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.7x
P/S Ratio: 1.1x
P/B Ratio: 0.9x

At 7.7x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 0.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 21% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.55T
Cash: $10.33B
Long-Term Debt: $216.68B
Book Value: $89.20B
D/E Ratio: 2.4
Debt/EBITDA: 50.4

With $1.55T in assets and $216.68B in long-term debt, D/E is 2.4and book value is $89.20B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 6% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $6.32B
FCF Margin: 8.8%
FCF / Net Income: 0.6

TTM FCF of $6.32B. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 66% — a weakening trend.