P/E ratio for Scotiabank (BNS)
P/E ratio as of May 2024 (TTM): 10.0
According to Scotiabank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.0361. 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 |
|---|---|---|
| 2022 | 7.89 | -31.74% |
| 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 | -10.78% |
| 2013 | 12.4 | 13.1% |
| 2012 | 11.0 | 5% |
| 2011 | 10.4 | -30.46% |
| 2010 | 15.0 | -6.6% |
| 2009 | 16.1 | 77.01% |
| 2008 | 9.08 | -32.23% |
| 2007 | 13.4 | -4.47% |
| 2006 | 14.0 | -7.67% |
| 2005 | 15.2 | -1.44% |
| 2004 | 15.4 | 7.28% |
| 2003 | 14.4 | 5.4% |
| 2002 | 13.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 13.5 | 34.06% | 🇨🇦 Canada |
 HSBC HSBC | 6.31 | -37.13% | 🇬🇧 UK |
 Toronto Dominion Bank TD | 9.87 | -1.62% | 🇨🇦 Canada |
 Banco Santander México BSMX | 4.96 | -50.55% | 🇲🇽 Mexico |
 CIBC CM | 13.6 | 35.66% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 12.6 | 25.22% | 🇨🇦 Canada |
 Bancolombia
CIB | 5.83 | -41.93% | 🇨🇴 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.