Bank of Nova ScotiaBNS -0.35%67 Pretax Margin % is 35.68% as of Apr. 2026, which is 3% below its 10-year median of 36.67. GuruFocus rates BNS with a GF Score™ of 67/100 and a GF Value™ of $58.28 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,530 Banks companies, Bank of Nova Scotia ranks worse than 54.12% on this metric.
The historical rank and industry rank for Bank of Nova Scotia's Pretax Margin % or its related term are showing as below:
BNS'
s Pretax Margin % Range Over the Past 10 Years
Min: 27 Med: 36.67 Max: 41.49
Current: 33.38
BNS's Pretax Margin % is ranked worse than 54.12% of 1530
companies
in the Banks industry
Industry Median: 34.715
vs BNS: 33.38
Bank of Nova Scotia (NYSE:BNS) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Bank of Nova Scotia Pretax Margin % Related Terms
Bank of Nova Scotia Pretax Margin % Historical Data
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The historical data trend for Bank of Nova Scotia's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Diversified subindustry, Bank of Nova Scotia's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of Nova Scotia Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Nova Scotia's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Bank of Nova Scotia's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of Nova Scotia (BNS) has a Pretax Margin % of 35.68% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bank of Nova Scotia and its competitors. This is near median its historical median of 36.67. Over the past decade, Bank of Nova Scotia's Pretax Margin % has ranged from 27.00 to 41.49. According to the industry distribution chart, Bank of Nova Scotia ranks #828 out of 1530 companies in the Banks industry, placing it in the top 54.1%.
Is Bank of Nova Scotia's Pretax Margin % too high?
Bank of Nova Scotia's current Pretax Margin % of 35.68% is near median its 10-year median of 36.67. Over the past 10 years, this metric has ranged from a low of 27.00 to a high of 41.49. The Banks industry median Pretax Margin % is 34.72. Bank of Nova Scotia's value of 35.68% is 2.8% above this industry median. Based on the distribution chart, Bank of Nova Scotia ranks #828 out of 1530 companies in the Banks industry, which is below the industry midpoint. Overall, Bank of Nova Scotia has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Nova Scotia's Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Nova Scotia ranks #828 out of 1530 companies for Pretax Margin %. This places Bank of Nova Scotia in the lower half of its industry. The industry median Pretax Margin % is 34.72. Bank of Nova Scotia's value of 35.68% is 2.8% above this benchmark. Historically, Bank of Nova Scotia's own Pretax Margin % has ranged from 27.00 to 41.49 over the past decade. While the company's 10-year median is 36.67 vs. the industry median of 34.72, Bank of Nova Scotia has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.72, based on 1,530 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank of Nova Scotia's current Pretax Margin % of 35.68% is 2.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bank of Nova Scotia and its competitors. For the Banks industry, the median Pretax Margin % is 34.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Nova Scotia's current Pretax Margin % is 35.68%, which is near median its own 10-year median of 36.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Nova Scotia stock overvalued right now?
Based on GuruFocus' analysis, Bank of Nova Scotia (BNS) is currently considered Significantly Overvalued. The stock's GF Value™ is $58.28, compared to a current price of $86.16 — trading 47.8% above its estimated fair value. The current Pretax Margin % is 35.68%, which is near median its 10-year median of 36.67 and 2.8% above the Banks industry median of 34.72. Bank of Nova Scotia's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Bank of Nova Scotia (BNS), the current Pretax Margin % is 35.68% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bank of Nova Scotia (BNS) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Nova Scotia stock appears to be overvalued.
The current stock price of $86.16 is trading 47.8% above its estimated GF Value™ of $58.28.
GuruFocus considers Bank of Nova Scotia to be Significantly Overvalued.
Key valuation signals for BNS:
Pretax Margin %: 35.68% (near median its 10-year median of 36.67)
GF Value™: $58.28 vs. price of $86.16 (47.8% above fair value)
Industry Position: 2.8% above the Banks median (#828 of 1530)
No single metric tells the full story. See the BNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Nova Scotia is a global financial-services provider with over CAD 1.5 trillion in assets as of the end of April 2026. It has four major business segments: Canadian banking, international banking, global wealth management, and global banking and markets. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Latin America.
67GF Score
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