Scotiabank
BNS
#320
Rank
$59.21 B
Marketcap
$48.39
Share price
0.29%
Change (1 day)
-2.83%
Change (1 year)

P/E ratio for Scotiabank (BNS)

P/E ratio as of May 2024 (TTM): 10.1

According to Scotiabank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.0612. At the end of 2022 the company had a P/E ratio of 7.89.

P/E ratio history for Scotiabank from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.89-31.74%
202111.6-13.44%
202013.420.24%
201911.119.96%
20189.26-27.66%
201712.80.77%
201612.741.33%
20158.98-18.81%
201411.1-10.78%
201312.413.1%
201211.05%
201110.4-30.46%
201015.0-6.6%
200916.177.01%
20089.08-32.23%
200713.4-4.47%
200614.0-7.67%
200515.2-1.44%
200415.47.28%
200314.45.4%
200213.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.8 36.77%๐Ÿ‡จ๐Ÿ‡ฆ Canada
6.39-36.46%๐Ÿ‡ฌ๐Ÿ‡ง UK
9.93-1.27%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.96-50.67%๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico
13.5 33.92%๐Ÿ‡จ๐Ÿ‡ฆ Canada
12.6 25.70%๐Ÿ‡จ๐Ÿ‡ฆ Canada
6.08-39.53%๐Ÿ‡จ๐Ÿ‡ด 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.