Scotiabank
BNS
#233
Rank
$56.73 B
Marketcap
$47.25
Share price
-0.59%
Change (1 day)
-23.33%
Change (1 year)

P/E ratio for Scotiabank (BNS)

P/E ratio as of October 2022 (TTM): 7.20

According to Scotiabank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.198. 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
202111.6-13.44%
202013.420.24%
201911.119.96%
20189.26-27.66%
201712.80.77%
201612.741.33%
20158.98-18.81%
201411.1-10.25%
201312.3

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.