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Bank of Nova ScotiaBNS -2.65%67 Return-on-Tangible-Asset is 0.70% as of Apr. 2026, which is 14% below its 10-year median of 0.81. GuruFocus rates BNS with a GF Score™ of 67/100 and a GF Value™ of $60.67 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,527 Banks companies, Bank of Nova Scotia ranks worse than 69.81% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Bank of Nova Scotia's annualizedNet Income for the quarter that ended in Apr. 2026 was $7,547 Mil. Bank of Nova Scotia's average total tangible assets for the quarter that ended in Apr. 2026 was $1,077,361 Mil. Therefore, Bank of Nova Scotia's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 0.70%.
The historical rank and industry rank for Bank of Nova Scotia's Return-on-Tangible-Asset or its related term are showing as below:
BNS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.54 Med: 0.81 Max: 0.91
Current: 0.66
During the past 13 years, Bank of Nova Scotia's highest Return-on-Tangible-Asset was 0.91%. The lowest was 0.54%. And the median was 0.81%.
BNS's Return-on-Tangible-Asset is ranked worse than 69.81% of 1527
companies
in the Banks industry
Industry Median: 0.99
vs BNS: 0.66
Bank of Nova Scotia (NYSE:BNS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Bank of Nova Scotia Return-on-Tangible-Asset Related Terms
Bank of Nova Scotia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bank of Nova Scotia's Return-on-Tangible-Asset 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.
Bank of Nova Scotia Return-on-Tangible-Asset Chart
BNS vs JPM, BAC, WFC: Return-on-Tangible-Asset Comparison
For the Banks - Diversified subindustry, Bank of Nova Scotia's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Nova Scotia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bank of Nova Scotia's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.70% mean?
Bank of Nova Scotia (BNS) has a Return-on-Tangible-Asset of 0.70% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bank of Nova Scotia and its competitors. This is 14% below median its historical median of 0.81. Over the past decade, Bank of Nova Scotia's Return-on-Tangible-Asset has ranged from 0.54 to 0.91. According to the industry distribution chart, Bank of Nova Scotia ranks #1066 out of 1527 companies in the Banks industry, placing it in the top 69.8%.
Is Bank of Nova Scotia's Return-on-Tangible-Asset too high?
Bank of Nova Scotia's current Return-on-Tangible-Asset of 0.70% is 14% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 0.91. The Banks industry median Return-on-Tangible-Asset is 0.99. Bank of Nova Scotia's value of 0.70% is 29.3% below this industry median. Based on the distribution chart, Bank of Nova Scotia ranks #1066 out of 1527 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 Return-on-Tangible-Asset compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Nova Scotia ranks #1066 out of 1527 companies for Return-on-Tangible-Asset. This places Bank of Nova Scotia in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Bank of Nova Scotia's value of 0.70% is 29.3% below this benchmark. Historically, Bank of Nova Scotia's own Return-on-Tangible-Asset has ranged from 0.54 to 0.91 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.99, Bank of Nova Scotia has consistently been below 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank of Nova Scotia's current Return-on-Tangible-Asset of 0.70% is 29.3% below 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bank of Nova Scotia and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Nova Scotia's current Return-on-Tangible-Asset is 0.70%, which is 14% below median its own 10-year median of 0.81. 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 $60.67, compared to a current price of $87.06 — trading 43.5% above its estimated fair value. The current Return-on-Tangible-Asset is 0.70%, which is 14% below median its 10-year median of 0.81 and 29.3% below the Banks industry median of 0.99. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Bank of Nova Scotia (BNS), the current Return-on-Tangible-Asset is 0.70% 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 $87.06 is trading 43.5% above its estimated GF Value™ of $60.67.
GuruFocus considers Bank of Nova Scotia to be Significantly Overvalued.
Key valuation signals for BNS:
Return-on-Tangible-Asset: 0.70% (14% below median its 10-year median of 0.81)
GF Value™: $60.67 vs. price of $87.06 (43.5% above fair value)
Industry Position: 29.3% below the Banks median (#1066 of 1527)
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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