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Also traded in: Canada, Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 6.07
NYSE:BNS's Cash to Debt is ranked higher than
66% of the 1599 Companies
in the Global Banks - Global industry.

( Industry Median: 1.98 vs. NYSE:BNS: 6.07 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:BNS' s Cash to Debt Range Over the Past 10 Years
Min: 1.65  Med: 4.99 Max: 14.7
Current: 6.07
1.65
14.7
Equity to Asset 0.06
NYSE:BNS's Equity to Asset is ranked lower than
86% of the 1608 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. NYSE:BNS: 0.06 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:BNS' s Equity to Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.05 Max: 0.06
Current: 0.06
0.04
0.06
Interest Coverage 1.19
NYSE:BNS's Interest Coverage is ranked lower than
59% of the 1529 Companies
in the Global Banks - Global industry.

( Industry Median: 1.67 vs. NYSE:BNS: 1.19 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:BNS' s Interest Coverage Range Over the Past 10 Years
Min: 0.27  Med: 1.05 Max: 1.29
Current: 1.19
0.27
1.29
F-Score: 4
M-Score: -2.44
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 35.67
NYSE:BNS's Operating margin (%) is ranked higher than
61% of the 1621 Companies
in the Global Banks - Global industry.

( Industry Median: 30.83 vs. NYSE:BNS: 35.67 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:BNS' s Operating margin (%) Range Over the Past 10 Years
Min: 33.16  Med: 39.1 Max: 41.85
Current: 35.67
33.16
41.85
Net-margin (%) 27.01
NYSE:BNS's Net-margin (%) is ranked higher than
63% of the 1619 Companies
in the Global Banks - Global industry.

( Industry Median: 22.44 vs. NYSE:BNS: 27.01 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:BNS' s Net-margin (%) Range Over the Past 10 Years
Min: 24.53  Med: 29.55 Max: 32.39
Current: 27.01
24.53
32.39
ROE (%) 13.00
NYSE:BNS's ROE (%) is ranked higher than
75% of the 1619 Companies
in the Global Banks - Global industry.

( Industry Median: 8.54 vs. NYSE:BNS: 13.00 )
Ranked among companies with meaningful ROE (%) only.
NYSE:BNS' s ROE (%) Range Over the Past 10 Years
Min: 12.91  Med: 15.01 Max: 21.97
Current: 13
12.91
21.97
ROA (%) 0.80
NYSE:BNS's ROA (%) is ranked lower than
57% of the 1627 Companies
in the Global Banks - Global industry.

( Industry Median: 0.89 vs. NYSE:BNS: 0.80 )
Ranked among companies with meaningful ROA (%) only.
NYSE:BNS' s ROA (%) Range Over the Past 10 Years
Min: 0.68  Med: 0.87 Max: 1.02
Current: 0.8
0.68
1.02
Revenue Growth (3Y)(%) 6.90
NYSE:BNS's Revenue Growth (3Y)(%) is ranked higher than
66% of the 1340 Companies
in the Global Banks - Global industry.

( Industry Median: 3.30 vs. NYSE:BNS: 6.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:BNS' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -1.1  Med: 6.2 Max: 11
Current: 6.9
-1.1
11
EBITDA Growth (3Y)(%) 3.90
NYSE:BNS's EBITDA Growth (3Y)(%) is ranked lower than
57% of the 1229 Companies
in the Global Banks - Global industry.

( Industry Median: 5.90 vs. NYSE:BNS: 3.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:BNS' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 4.4 Max: 15
Current: 3.9
0
15
EPS Growth (3Y)(%) 4.10
NYSE:BNS's EPS Growth (3Y)(%) is ranked lower than
60% of the 1204 Companies
in the Global Banks - Global industry.

( Industry Median: 7.40 vs. NYSE:BNS: 4.10 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NYSE:BNS' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.3  Med: 8.9 Max: 24.1
Current: 4.1
-2.3
24.1
GuruFocus has detected 5 Warning Signs with Bank of Nova Scotia $NYSE:BNS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:BNS's 10-Y Financials

Financials (Next Earnings Date: 2017-02-28)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

BNS Guru Trades in Q4 2015

David Dreman 506 sh (New)
First Eagle Investment 1,000 sh (unchged)
Jeremy Grantham 158,642 sh (-5.68%)
Jim Simons 165,000 sh (-71.33%)
» More
Q1 2016

BNS Guru Trades in Q1 2016

RS Investment Management 6,786 sh (New)
David Dreman 22,562 sh (+4358.89%)
Jim Simons 417,900 sh (+153.27%)
First Eagle Investment 1,000 sh (unchged)
Jeremy Grantham 7,700 sh (-95.15%)
» More
Q2 2016

BNS Guru Trades in Q2 2016

RS Investment Management 7,679 sh (+13.16%)
First Eagle Investment 1,000 sh (unchged)
Jeremy Grantham Sold Out
David Dreman 21,496 sh (-4.72%)
Jim Simons 391,700 sh (-6.27%)
» More
Q3 2016

BNS Guru Trades in Q3 2016

Jim Simons 548,100 sh (+39.93%)
First Eagle Investment 1,000 sh (unchged)
David Dreman 21,470 sh (-0.12%)
» More
» Details

Insider Trades

Latest Guru Trades with BNS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Bank of Nova Scotia

SymbolPriceYieldDescription
BNS.PR.Y.Canada21.762.10Pfd Shs Series 30
BNS.PR.E.Canada26.855.695.5% Fixed Non-Cum 5-Year Rate Reset Red Pfd Shs Series -34-
BNS.PR.M.Canada25.004.50
BNS.PR.Q.Canada24.763.66
BNS.PR.R.Canada24.913.85Bank of Nova Scotia (The),non-cumulative five-year rate reset preferred shares, Series 22
BNS.PR.Z.Canada21.212.943.7% Pfd Shs Series 32
BNS.PR.P.Canada24.843.36Non-Cum Pfd Shs Series -18
BNS.PR.O.Canada25.325.54Non-Cum Pfd Shs Series -17-
BNS.PR.L.Canada25.004.504 1/2 % Non-Cum Pfd Shs Series -14-
BNS.PR.N.Canada25.005.255 1/4 % Non-Cum Pfd Shs Series -16- Called for red. on 27.1.17 at CAD 25.00
BNS.PR.A.Canada24.012.64Non-Cum Pfd Shs Series -19- Fltg Rt
BNS.PR.B.Canada23.562.33Non-Cum Pfd Shs Series -21-
BNS.PR.C.Canada23.592.50Non-Cum Pfd Shs Series -23- Fltg Rt
BNS.PR.D.Canada20.781.79Non-Cum Red Pfd Shs Series -31- Fltg Rt
BNS.PR.F.Canada20.832.17Non Cum Red Pfd Shs Series -33- Fltg Rt
BNS.PR.G.Canada26.872.56Non-Cum Red Rate Reset Pfd Shs Series -36-
BNS.PR.H.Canada25.971.70Series 38

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 7029
Compare:OTCPK:ANZBY, OTCPK:BCDRF, NYSE:WBK, NYSE:UBS, OTCPK:NABZY, OTCPK:INGVF, NYSE:SMFG, NYSE:MTU, NYSE:TD, OTCPK:BCLYF, NYSE:BMO, NYSE:BBVA, NYSE:RY/PT, OTCPK:CMWAY, NYSE:CM, NYSE:CS, NYSE:RBS, OTCPK:SCBFF, OTCPK:SVNLY, OTCPK:FANDY » details
Traded in other countries:BNS.Canada, BKN.Germany, BNS.Mexico,
Bank of Nova Scotia is a diversified financial services institution that provides financial products and services to retail, commercial and corporate customers around the world.

Bank of Nova Scotia was incorporated in the state of Canada on March 30, 1832. The Company is a diversified financial services institution that provides financial products and services to retail, commercial and corporate customers around the world. The Company operates its business in three business lines including Canadian Banking, International Banking and Global Banking & Markets. Canadian Banking provides a suite of financial advice and banking solutions and also provides an alternative self-directed banking solution. It operates in areas including Retail and Small Business Banking, and Commercial Banking. Its Retail and Small Business Banking provides financial advice, solutions and day-to-day banking products, including debit cards, chequing accounts, credit cards, investments, mortgages, loans and related creditor insurance products, to individuals and small businesses. Its Commercial Banking delivers advice and a suite of customized lending, deposit, cash management and trade finance solutions to medium and large businesses. International Banking provides financial products, solutions and advice to retail and commercial customers in select regions outside of Canada. It also includes International Wealth Management and Insurance. It has operations in Latin America, the Caribbean and Central America, and Asia. Global Banking & Markets provides clients with corporate banking, investment banking and capital markets solutions. Its products and services are offered to corporate, government and institutional clients in Canada and in select international countries. It is a full-service lender and investment dealer in Canada and Mexico, and offers products and services in the United States, Central and South America, and select markets in Europe and Asia. It provides clients with corporate lending, equity and debt underwriting, mergers and acquisitions advisory, as well as fixed income and equity sales, trading and research, prime brokerage, securitization, foreign exchange, energy and rates hedging, and precious and base metals sales, trading and storage. The Bank is subject to regulation by the Canada Deposit Insurance Corporation and the Financial Consumer Agency of Canada, and the activities of the Bank in Canada are subject to various other federal statutory provisions, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act which applies to all of the Bank's businesses in Canada.

Guru Investment Theses on Bank of Nova Scotia

Signature Select Canadian Equity Fund Comments on Bank of Nova Scotia - Dec 08, 2015

In financials, Bank of Nova Scotia (NYSE:BNS) detracted from performance given concerns about its exposure to emerging markets. We find the bank offers excellent value at current levels as it has not been this inexpensive in years.



From Signature Select Canadian Equity Fund third quarter 2015 commentary.



Check out Signature Select Canadian Equity Fund latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 14.01
BNS's P/E(ttm) is ranked higher than
55% of the 1490 Companies
in the Global Banks - Global industry.

( Industry Median: 14.41 vs. BNS: 14.01 )
Ranked among companies with meaningful P/E(ttm) only.
BNS' s P/E(ttm) Range Over the Past 10 Years
Min: 8.22  Med: 12.39 Max: 17.67
Current: 14.01
8.22
17.67
Forward P/E 12.12
BNS's Forward P/E is ranked higher than
71% of the 360 Companies
in the Global Banks - Global industry.

( Industry Median: 15.55 vs. BNS: 12.12 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.01
BNS's PE(NRI) is ranked higher than
55% of the 1487 Companies
in the Global Banks - Global industry.

( Industry Median: 14.49 vs. BNS: 14.01 )
Ranked among companies with meaningful PE(NRI) only.
BNS' s PE(NRI) Range Over the Past 10 Years
Min: 8.22  Med: 12.4 Max: 17.67
Current: 14.01
8.22
17.67
Price/Owner Earnings (ttm) 23.50
BNS's Price/Owner Earnings (ttm) is ranked lower than
68% of the 876 Companies
in the Global Banks - Global industry.

( Industry Median: 14.83 vs. BNS: 23.50 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
BNS' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 1.37  Med: 9.63 Max: 1026
Current: 23.5
1.37
1026
P/B 1.84
BNS's P/B is ranked lower than
79% of the 1602 Companies
in the Global Banks - Global industry.

( Industry Median: 1.16 vs. BNS: 1.84 )
Ranked among companies with meaningful P/B only.
BNS' s P/B Range Over the Past 10 Years
Min: 1.2  Med: 2.05 Max: 3.13
Current: 1.84
1.2
3.13
P/S 3.76
BNS's P/S is ranked lower than
54% of the 1580 Companies
in the Global Banks - Global industry.

( Industry Median: 3.43 vs. BNS: 3.76 )
Ranked among companies with meaningful P/S only.
BNS' s P/S Range Over the Past 10 Years
Min: 2.1  Med: 3.5 Max: 4.95
Current: 3.76
2.1
4.95
PFCF 30.32
BNS's PFCF is ranked lower than
82% of the 797 Companies
in the Global Banks - Global industry.

( Industry Median: 12.75 vs. BNS: 30.32 )
Ranked among companies with meaningful PFCF only.
BNS' s PFCF Range Over the Past 10 Years
Min: 1.32  Med: 5.37 Max: 173.41
Current: 30.32
1.32
173.41
POCF 27.39
BNS's POCF is ranked lower than
85% of the 891 Companies
in the Global Banks - Global industry.

( Industry Median: 10.98 vs. BNS: 27.39 )
Ranked among companies with meaningful POCF only.
BNS' s POCF Range Over the Past 10 Years
Min: 1.3  Med: 6.68 Max: 557.61
Current: 27.39
1.3
557.61
EV-to-EBIT 6.74
BNS's EV-to-EBIT is ranked higher than
75% of the 1210 Companies
in the Global Banks - Global industry.

( Industry Median: 12.67 vs. BNS: 6.74 )
Ranked among companies with meaningful EV-to-EBIT only.
BNS' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.5  Med: 4.9 Max: 10.6
Current: 6.74
-1.5
10.6
EV-to-EBITDA 6.28
BNS's EV-to-EBITDA is ranked higher than
75% of the 1217 Companies
in the Global Banks - Global industry.

( Industry Median: 11.34 vs. BNS: 6.28 )
Ranked among companies with meaningful EV-to-EBITDA only.
BNS' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.4  Med: 4.8 Max: 10.6
Current: 6.28
-1.4
10.6
PEG 5.38
BNS's PEG is ranked lower than
76% of the 754 Companies
in the Global Banks - Global industry.

( Industry Median: 1.35 vs. BNS: 5.38 )
Ranked among companies with meaningful PEG only.
BNS' s PEG Range Over the Past 10 Years
Min: 0.71  Med: 1.51 Max: 7.28
Current: 5.38
0.71
7.28
Shiller P/E 15.92
BNS's Shiller P/E is ranked higher than
70% of the 483 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BNS: 15.92 )
Ranked among companies with meaningful Shiller P/E only.
BNS' s Shiller P/E Range Over the Past 10 Years
Min: 8.97  Med: 14.95 Max: 22.08
Current: 15.92
8.97
22.08

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.78
BNS's Dividend Yield is ranked higher than
68% of the 2346 Companies
in the Global Banks - Global industry.

( Industry Median: 2.65 vs. BNS: 3.78 )
Ranked among companies with meaningful Dividend Yield only.
BNS' s Dividend Yield Range Over the Past 10 Years
Min: 0.92  Med: 3.91 Max: 5.84
Current: 3.78
0.92
5.84
Dividend Payout 0.50
BNS's Dividend Payout is ranked lower than
76% of the 1313 Companies
in the Global Banks - Global industry.

( Industry Median: 0.32 vs. BNS: 0.50 )
Ranked among companies with meaningful Dividend Payout only.
BNS' s Dividend Payout Range Over the Past 10 Years
Min: 0.25  Med: 0.45 Max: 0.5
Current: 0.5
0.25
0.5
Dividend Growth (3y) 5.30
BNS's Dividend Growth (3y) is ranked lower than
55% of the 728 Companies
in the Global Banks - Global industry.

( Industry Median: 8.40 vs. BNS: 5.30 )
Ranked among companies with meaningful Dividend Growth (3y) only.
BNS' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 34.7
Current: 5.3
0
34.7
Forward Dividend Yield 3.73
BNS's Forward Dividend Yield is ranked higher than
67% of the 2244 Companies
in the Global Banks - Global industry.

( Industry Median: 2.84 vs. BNS: 3.73 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 5.35
BNS's Yield on cost (5-Year) is ranked higher than
73% of the 2639 Companies
in the Global Banks - Global industry.

( Industry Median: 3.36 vs. BNS: 5.35 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
BNS' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 4.02  Med: 5.51 Max: 11.06
Current: 5.35
4.02
11.06
3-Year Average Share Buyback Ratio -0.10
BNS's 3-Year Average Share Buyback Ratio is ranked higher than
75% of the 1039 Companies
in the Global Banks - Global industry.

( Industry Median: -2.10 vs. BNS: -0.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BNS' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -4.9  Med: -0.7 Max: 0.8
Current: -0.1
-4.9
0.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.39
BNS's Price/Tangible Book is ranked lower than
84% of the 1595 Companies
in the Global Banks - Global industry.

( Industry Median: 1.23 vs. BNS: 2.39 )
Ranked among companies with meaningful Price/Tangible Book only.
BNS' s Price/Tangible Book Range Over the Past 10 Years
Min: 2  Med: 2.81 Max: 3.61
Current: 2.39
2
3.61
Price/Projected FCF 0.70
BNS's Price/Projected FCF is ranked higher than
57% of the 883 Companies
in the Global Banks - Global industry.

( Industry Median: 0.78 vs. BNS: 0.70 )
Ranked among companies with meaningful Price/Projected FCF only.
BNS' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.6  Med: 1.24 Max: 3.66
Current: 0.7
0.6
3.66
Price/DCF (Earnings Based) 1.18
BNS's Price/DCF (Earnings Based) is ranked lower than
68% of the 111 Companies
in the Global Banks - Global industry.

( Industry Median: 0.81 vs. BNS: 1.18 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Graham Number 1.22
BNS's Price/Graham Number is ranked lower than
64% of the 1405 Companies
in the Global Banks - Global industry.

( Industry Median: 0.95 vs. BNS: 1.22 )
Ranked among companies with meaningful Price/Graham Number only.
BNS' s Price/Graham Number Range Over the Past 10 Years
Min: 0.99  Med: 1.29 Max: 2.03
Current: 1.22
0.99
2.03
Earnings Yield (Greenblatt) (%) 14.80
BNS's Earnings Yield (Greenblatt) (%) is ranked higher than
81% of the 1598 Companies
in the Global Banks - Global industry.

( Industry Median: 5.70 vs. BNS: 14.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
BNS' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 9.5  Med: 20.05 Max: 550
Current: 14.8
9.5
550
Forward Rate of Return (Yacktman) (%) 9.68
BNS's Forward Rate of Return (Yacktman) (%) is ranked higher than
52% of the 867 Companies
in the Global Banks - Global industry.

( Industry Median: 11.21 vs. BNS: 9.68 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
BNS' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -1.2  Med: 13.4 Max: 27.4
Current: 9.68
-1.2
27.4

More Statistics

Revenue (TTM) (Mil) $19,806
EPS (TTM) $ 4.33
Beta1.48
Short Percentage of Float0.58%
52-Week Range $35.01 - 59.24
Shares Outstanding (Mil)1,207.89

Analyst Estimate

Oct17 Oct18 Oct19
Revenue (Mil $) 20,765 21,879
EPS ($) 4.81 5.14 5.61
EPS w/o NRI ($) 4.81 5.14 5.61
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)

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