P/E ratio for Scotiabank (BNS)
P/E ratio as of June 2023 (TTM): 8.97
According to Scotiabank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.96726. At the end of 2021 the company had a P/E ratio of 11.6.
P/E ratio history for Scotiabank from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.6 | -13.44% |
| 2020 | 13.4 | 20.24% |
| 2019 | 11.1 | 19.96% |
| 2018 | 9.26 | -27.66% |
| 2017 | 12.8 | 0.77% |
| 2016 | 12.7 | 41.33% |
| 2015 | 8.98 | -18.81% |
| 2014 | 11.1 | -10.25% |
| 2013 | 12.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.3 | 25.46% | 🇨🇦 Canada |
 HSBC HSBC | 8.04 | -10.29% | 🇬🇧 UK |
 Toronto Dominion Bank TD | 11.3 | 26.21% | 🇨🇦 Canada |
 Banco Santander México BSMX | 4.96 | -44.65% | 🇲🇽 Mexico |
 CIBC CM | 9.43 | 5.14% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 7.18 | -19.91% | 🇨🇦 Canada |
 Bancolombia
CIB | 3.88 | -56.72% | 🇨🇴 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.