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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Bank of Nova Scotia's Sloan Ratio for the quarter that ended in Apr. 2026 was 0.07%.
As of Apr. 2026, Bank of Nova Scotia has a Sloan Ratio of 0.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Bank of Nova Scotia (NYSE:BNS) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Apr. 2026, Bank of Nova Scotia has a Sloan Ratio of 0.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Bank of Nova Scotia Sloan Ratio % Related Terms
Bank of Nova Scotia Sloan Ratio % Historical Data
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The historical data trend for Bank of Nova Scotia's Sloan Ratio % 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 Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Nova Scotia's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bank of Nova Scotia's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Bank of Nova Scotia's Sloan Ratio for the fiscal year that ended in Oct. 2025 is calculated as
Bank of Nova Scotia's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 1787.306 (Jul. 2025 ) + 1586.36 (Oct. 2025 ) + 1660.736 (Jan. 2026 ) + 1886.724 (Apr. 2026 ) = $6,921 Mil.
Bank of Nova Scotia's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 3201.373 (Jul. 2025 ) + -4424.507 (Oct. 2025 ) + 9349.357 (Jan. 2026 ) + 12415.297 (Apr. 2026 ) = $20,542 Mil.
Bank of Nova Scotia's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was 122.708 (Jul. 2025 ) + 3331.427 (Oct. 2025 ) + -7600.029 (Jan. 2026 ) + -10216.664 (Apr. 2026 ) = $-14,363 Mil.
* 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 Sloan Ratio % of 0.07% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Bank of Nova Scotia and its competitors.
Is Bank of Nova Scotia's Sloan Ratio % too high?
Bank of Nova Scotia's current Sloan Ratio % is 0.07%. 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 Sloan Ratio % compare to JPM and BAC?
Bank of Nova Scotia's Sloan Ratio % of 0.07% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Banks company?
A good Sloan Ratio % depends on the Banks industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Bank of Nova Scotia and its competitors. Bank of Nova Scotia's current Sloan Ratio % is 0.07%. 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 $60.38, compared to a current price of $91.54 — trading 51.6% above its estimated fair value. The current Sloan Ratio % is 0.07%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Bank of Nova Scotia (BNS), the current Sloan Ratio % is 0.07% 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 $91.54 is trading 51.6% above its estimated GF Value™ of $60.38.
GuruFocus considers Bank of Nova Scotia to be Significantly Overvalued.
Key valuation signals for BNS:
Sloan Ratio %: 0.07%
GF Value™: $60.38 vs. price of $91.54 (51.6% above fair value)
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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