Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Bank of Nova Scotia's current 3-Year Share Buyback Ratio was -1.20%.
The historical rank and industry rank for Bank of Nova Scotia's 3-Year Share Buyback Ratio or its related term are showing as below:
BNS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -5 Med: -0.55 Max: 0.8
Current: -1.2
During the past 13 years, Bank of Nova Scotia's highest 3-Year Share Buyback Ratio was 0.80%. The lowest was -5.00%. And the median was -0.55%.
BNS's 3-Year Share Buyback Ratio is ranked worse than 64.99% of 1031
companies
in the Banks industry
Industry Median: -0.2
vs BNS: -1.20
Bank of Nova Scotia (NYSE:BNS) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Bank of Nova Scotia 3-Year Share Buyback Ratio Related Terms
BNS vs JPM, BAC, WFC: 3-Year Share Buyback Ratio Comparison
For the Banks - Diversified subindustry, Bank of Nova Scotia's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Nova Scotia's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Bank of Nova Scotia's 3-Year Share Buyback Ratio falls into.
Bank of Nova Scotia 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -1.20 mean?
Bank of Nova Scotia (BNS) has a 3-Year Share Buyback Ratio of -1.20 as of Jul. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Bank of Nova Scotia and its competitors. According to the industry distribution chart, Bank of Nova Scotia ranks #670 out of 1031 companies in the Banks industry, placing it in the top 65%.
Is Bank of Nova Scotia's 3-Year Share Buyback Ratio too high?
Bank of Nova Scotia's current 3-Year Share Buyback Ratio is -1.20. Based on the distribution chart, Bank of Nova Scotia ranks #670 out of 1031 companies in the Banks industry, which is below the industry midpoint. Overall, Bank of Nova Scotia has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Nova Scotia's 3-Year Share Buyback Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Nova Scotia ranks #670 out of 1031 companies for 3-Year Share Buyback Ratio. This places Bank of Nova Scotia in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Banks company?
A good 3-Year Share Buyback Ratio depends on the Banks industry context. However, 3-Year Share Buyback 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Bank of Nova Scotia and its competitors. Bank of Nova Scotia's current 3-Year Share Buyback Ratio is -1.20. 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 $62.06, compared to a current price of $92.96 — trading 49.8% above its estimated fair value. The current 3-Year Share Buyback Ratio is -1.20. Bank of Nova Scotia's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Bank of Nova Scotia (BNS), the current 3-Year Share Buyback Ratio is -1.20 as of Jul. 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 $92.96 is trading 49.8% above its estimated GF Value™ of $62.06.
GuruFocus considers Bank of Nova Scotia to be Significantly Overvalued.
Key valuation signals for BNS:
3-Year Share Buyback Ratio: -1.20
GF Value™: $62.06 vs. price of $92.96 (49.8% 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.
69GF Score
Get the complete analysis for BNS
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BNS has been successfully added to your 
