The Bank of Nova Scotia (BNS) Financial Ratios

For fiscal 2025 (fiscal year ended Oct 31, 2025), The Bank of Nova Scotia had a P/E ratio of 15.73 (up from 12.18), return on equity of 9.0% (down from 9.7%), debt-to-equity of 3.42 (down from 3.44) and return on assets of 0.5% (down from 0.6%). Its dividend yield was 4.68% with a payout ratio of 75.4%.

The Bank of Nova Scotia Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Valuation Ratios
P/E Ratio	15.73	12.18	9.78	8.13	10.50
P/S Ratio	3.61	3.01	2.32	2.63	3.35
P/B Ratio	1.29	1.05	0.86	1.05	1.35
Price/Tangible Book	1.62	1.35	1.14	1.40	1.85
Price/FCF	-	5.55	5.73	-	-
Price/OCF	-	5.39	5.53	-	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	8.99%	9.70%	9.72%	13.78%	13.89%
Return on Assets (ROA)	0.54%	0.56%	0.54%	0.80%	0.86%
Leverage & Solvency Ratios
Debt/Equity	3.42	3.44	3.29	3.20	2.71
Debt/FCF	-	18.08	21.89	-	-
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	6.82%	8.74%	10.84%	12.64%	9.76%
FCF Yield	-12.67%	18.01%	17.44%	-101.38%	-93.14%
Dividend Yield	4.68%	5.95%	7.50%	6.17%	4.44%
Payout Ratio	75.43%	73.09%	73.89%	51.61%	47.84%
Buyback Yield	-1.30%	-2.33%	0.33%	1.39%	1.45%
Total Return	3.38%	3.62%	7.83%	7.55%	5.89%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About The Bank of Nova Scotia Financial Ratios

What is The Bank of Nova Scotia's P/E ratio?

The Bank of Nova Scotia's P/E ratio was 15.73 for fiscal 2025 (period ended Oct 31, 2025). It was 12.18 a year earlier.

What is The Bank of Nova Scotia's return on equity?

The Bank of Nova Scotia's return on equity (ROE) was 9.0% for fiscal 2025 (period ended Oct 31, 2025). It was 9.7% a year earlier.

What is The Bank of Nova Scotia's debt-to-equity ratio?

The Bank of Nova Scotia's debt-to-equity ratio was 3.42 for fiscal 2025 (period ended Oct 31, 2025). It was 3.44 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition