P/E ratio for Scotiabank (BNS)

P/E ratio history for Scotiabank from 2002 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Bank of Montreal BMO	12.5	12.30%	🇨🇦 Canada
Royal Bank Of Canada RY	16.4	47.15%	🇨🇦 Canada
Toronto Dominion Bank TD	9.85	-11.70%	🇨🇦 Canada
CIBC CM	17.2	54.57%	🇨🇦 Canada
HSBC HSBC	6.38	-42.78%	🇬🇧 UK
Banco Santander México BSMX	4.96	-55.52%	🇲🇽 Mexico
Bancolombia CIB	5.44	-51.23%	🇨🇴 Colombia

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.