BNS (Bank of Nova Scotia) Scaled Net Operating Assets: 0.15 (As of Apr. 2026)


BNS Bank of Nova Scotia BNS
67 GF Score
Price $86.16
GF Value $58.28
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Bank of Nova Scotia Scaled Net Operating Assets?

Bank of Nova Scotia BNS -0.35% 67 Scaled Net Operating Assets is 0.15 as of Apr. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of Nova Scotia's operating assets for the quarter that ended in Apr. 2026 was $957,115 Mil. Bank of Nova Scotia's operating liabilities for the quarter that ended in Apr. 2026 was $794,543 Mil. Bank of Nova Scotia's Total Assets for the quarter that ended in Jan. 2026 was $1,071,802 Mil. Therefore, Bank of Nova Scotia's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.15.

BNS
67GF Score
Bank of Nova Scotia BNS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank of Nova Scotia Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of Nova Scotia's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(996622.105-755343.866)/1026406.193
=0.24

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1043781.813 - 47159.708
=996622.105

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=980451.101 - 144788.39 - 80318.845
=755343.866

Bank of Nova Scotia's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(957115.02-794543.405)/1071802.338
=0.15

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1106238.912 - 149123.892
=957115.02

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1041834.375 - 152547.623 - 94743.347
=794543.405

* 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.

What does a Scaled Net Operating Assets of 0.15 mean?
Bank of Nova Scotia (BNS) has a Scaled Net Operating Assets of 0.15 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of Nova Scotia and its competitors.
Is Bank of Nova Scotia's Scaled Net Operating Assets too high?
Bank of Nova Scotia's current Scaled Net Operating Assets is 0.15. 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 Scaled Net Operating Assets compare to JPM and BAC?
Bank of Nova Scotia's Scaled Net Operating Assets of 0.15 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 Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of Nova Scotia and its competitors. Bank of Nova Scotia's current Scaled Net Operating Assets is 0.15. 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 Scaled Net Operating Assets is 0.15. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Bank of Nova Scotia (BNS), the current Scaled Net Operating Assets is 0.15 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:

  • Scaled Net Operating Assets: 0.15
  • GF Value™: $58.28 vs. price of $86.16 (47.8% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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 Business Description

Address 1709 Hollis Street, Halifax, NS, CAN, B3J 1W1
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$86.16
Price
$58.28
GF Value