Bank of Nova Scotia (BNS) - Net Assets
Based on the latest financial reports, Bank of Nova Scotia (BNS) has net assets worth CA$89.02 Billion CAD (≈ $64.40 Billion USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.48 Trillion ≈ $1.07 Trillion USD) and total liabilities (CA$1.39 Trillion ≈ $1.00 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$89.02 Billion |
| % of Total Assets | 6.03% |
| Annual Growth Rate | 8.6% |
| 5-Year Change | 21.53% |
| 10-Year Change | 53.21% |
| Growth Volatility | 6.54 |
Bank of Nova Scotia - Net Assets Trend (1995–2025)
This chart illustrates how Bank of Nova Scotia's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bank of Nova Scotia (1995–2025)
The table below shows the annual net assets of Bank of Nova Scotia from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$88.59 Billion ≈ $64.08 Billion |
+5.37% |
| 2024-10-31 | CA$84.08 Billion ≈ $60.82 Billion |
+6.88% |
| 2023-10-31 | CA$78.67 Billion ≈ $56.91 Billion |
+5.24% |
| 2022-10-31 | CA$74.75 Billion ≈ $54.07 Billion |
+2.55% |
| 2021-10-31 | CA$72.89 Billion ≈ $52.73 Billion |
+3.39% |
| 2020-10-31 | CA$70.50 Billion ≈ $51.00 Billion |
+0.44% |
| 2019-10-31 | CA$70.19 Billion ≈ $50.78 Billion |
+3.71% |
| 2018-10-31 | CA$67.68 Billion ≈ $48.96 Billion |
+9.83% |
| 2017-10-31 | CA$61.62 Billion ≈ $44.58 Billion |
+6.58% |
| 2016-10-31 | CA$57.82 Billion ≈ $41.83 Billion |
+8.12% |
| 2015-10-31 | CA$53.48 Billion ≈ $38.69 Billion |
+8.67% |
| 2014-10-31 | CA$49.21 Billion ≈ $35.60 Billion |
+5.71% |
| 2013-10-31 | CA$46.55 Billion ≈ $33.67 Billion |
+12.50% |
| 2012-10-31 | CA$41.38 Billion ≈ $29.93 Billion |
+23.89% |
| 2011-10-31 | CA$33.40 Billion ≈ $24.16 Billion |
+18.40% |
| 2010-10-31 | CA$28.21 Billion ≈ $20.41 Billion |
+11.39% |
| 2009-10-31 | CA$25.33 Billion ≈ $18.32 Billion |
+14.38% |
| 2008-10-31 | CA$22.14 Billion ≈ $16.02 Billion |
+14.73% |
| 2007-10-31 | CA$19.30 Billion ≈ $13.96 Billion |
+7.33% |
| 2006-10-31 | CA$17.98 Billion ≈ $13.01 Billion |
+9.73% |
| 2005-10-31 | CA$16.39 Billion ≈ $11.85 Billion |
-6.44% |
| 2004-10-31 | CA$17.52 Billion ≈ $12.67 Billion |
+3.39% |
| 2003-10-31 | CA$16.94 Billion ≈ $12.25 Billion |
+1.50% |
| 2002-10-31 | CA$16.69 Billion ≈ $12.07 Billion |
+6.36% |
| 2001-10-31 | CA$15.69 Billion ≈ $11.35 Billion |
+14.51% |
| 2000-10-31 | CA$13.70 Billion ≈ $9.91 Billion |
+18.10% |
| 1999-10-31 | CA$11.60 Billion ≈ $8.39 Billion |
+5.62% |
| 1998-10-31 | CA$10.99 Billion ≈ $7.95 Billion |
+15.23% |
| 1997-10-31 | CA$9.54 Billion ≈ $6.90 Billion |
+21.46% |
| 1996-10-31 | CA$7.85 Billion ≈ $5.68 Billion |
+5.33% |
| 1995-10-31 | CA$7.45 Billion ≈ $5.39 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Bank of Nova Scotia's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1470.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$58.92 Billion | 67.82% |
| Common Stock | CA$22.07 Billion | 25.40% |
| Other Comprehensive Income | CA$-4.06 Billion | -4.67% |
| Other Components | CA$9.94 Billion | 11.44% |
| Total Equity | CA$86.87 Billion | 100.00% |
Bank of Nova Scotia Competitors by Market Cap
The table below lists competitors of Bank of Nova Scotia ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sandisk Corp
NASDAQ:SNDK
|
$92.46 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$92.68 Billion |
|
Equinix Inc
NASDAQ:EQIX
|
$92.84 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$93.24 Billion |
|
Boston Scientific Corp
NYSE:BSX
|
$92.05 Billion |
|
CHRISTIAN DIOR ADR1/4/EO2
F:DIO0
|
$91.96 Billion |
|
Canadian Natural Resources Ltd
TO:CNQ
|
$91.45 Billion |
|
Blackstone Group Inc
NYSE:BX
|
$91.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of Nova Scotia's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 82,369,000,000 to 86,866,000,000, a change of 4,497,000,000 (5.5%).
- Net income of 7,789,000,000 contributed positively to equity growth.
- Dividend payments of 5,875,000,000 reduced retained earnings.
- Share repurchases of 2,583,000,000 reduced equity.
- New share issuances of 3,058,000,000 increased equity.
- Other comprehensive income increased equity by 2,159,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$7.79 Billion | +8.97% |
| Dividends Paid | CA$5.88 Billion | -6.76% |
| Share Repurchases | CA$2.58 Billion | -2.97% |
| Share Issuances | CA$3.06 Billion | +3.52% |
| Other Comprehensive Income | CA$2.16 Billion | +2.49% |
| Other Changes | CA$-51.00 Million | -0.06% |
| Total Change | CA$- | 5.46% |
Book Value vs Market Value Analysis
This analysis compares Bank of Nova Scotia's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.92x to 1.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-10-31 | CA$8.01 | CA$103.54 | x |
| 1996-10-31 | CA$8.27 | CA$103.54 | x |
| 1997-10-31 | CA$9.81 | CA$103.54 | x |
| 1998-10-31 | CA$11.01 | CA$103.54 | x |
| 1999-10-31 | CA$11.58 | CA$103.54 | x |
| 2000-10-31 | CA$12.45 | CA$103.54 | x |
| 2001-10-31 | CA$14.35 | CA$103.54 | x |
| 2002-10-31 | CA$14.41 | CA$103.54 | x |
| 2003-10-31 | CA$14.24 | CA$103.54 | x |
| 2004-10-31 | CA$14.85 | CA$103.54 | x |
| 2005-10-31 | CA$15.89 | CA$103.54 | x |
| 2006-10-31 | CA$17.53 | CA$103.54 | x |
| 2007-10-31 | CA$18.86 | CA$103.54 | x |
| 2008-10-31 | CA$21.79 | CA$103.54 | x |
| 2009-10-31 | CA$24.38 | CA$103.54 | x |
| 2010-10-31 | CA$26.72 | CA$103.54 | x |
| 2011-10-31 | CA$29.57 | CA$103.54 | x |
| 2012-10-31 | CA$34.17 | CA$103.54 | x |
| 2013-10-31 | CA$36.93 | CA$103.54 | x |
| 2014-10-31 | CA$39.20 | CA$103.54 | x |
| 2015-10-31 | CA$42.22 | CA$103.54 | x |
| 2016-10-31 | CA$45.88 | CA$103.54 | x |
| 2017-10-31 | CA$49.09 | CA$103.54 | x |
| 2018-10-31 | CA$53.07 | CA$103.54 | x |
| 2019-10-31 | CA$53.97 | CA$103.54 | x |
| 2020-10-31 | CA$54.81 | CA$103.54 | x |
| 2021-10-31 | CA$57.80 | CA$103.54 | x |
| 2022-10-31 | CA$60.62 | CA$103.54 | x |
| 2023-10-31 | CA$63.89 | CA$103.54 | x |
| 2024-10-31 | CA$66.86 | CA$103.54 | x |
| 2025-10-31 | CA$69.60 | CA$103.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of Nova Scotia utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.64%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 16.81x
- Recent ROE (8.97%) is below the historical average (14.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.97% | 18.75% | 0.03x | 20.11x | CA$144.00 Million |
| 1996 | 13.80% | 19.94% | 0.03x | 20.29x | CA$294.10 Million |
| 1997 | 16.11% | 23.66% | 0.03x | 20.77x | CA$574.20 Million |
| 1998 | 12.89% | 19.27% | 0.03x | 21.60x | CA$312.60 Million |
| 1999 | 13.60% | 19.75% | 0.04x | 19.52x | CA$410.40 Million |
| 2000 | 14.84% | 21.73% | 0.04x | 19.51x | CA$628.50 Million |
| 2001 | 14.85% | 21.12% | 0.04x | 19.47x | CA$708.78 Million |
| 2002 | 12.16% | 16.93% | 0.04x | 20.06x | CA$319.78 Million |
| 2003 | 16.95% | 24.36% | 0.04x | 19.56x | CA$1.02 Billion |
| 2004 | 19.24% | 28.78% | 0.04x | 18.33x | CA$1.41 Billion |
| 2005 | 19.96% | 30.86% | 0.03x | 19.53x | CA$1.60 Billion |
| 2006 | 20.40% | 31.94% | 0.03x | 21.60x | CA$1.82 Billion |
| 2007 | 21.51% | 32.39% | 0.03x | 21.88x | CA$2.16 Billion |
| 2008 | 14.51% | 26.44% | 0.02x | 23.46x | CA$975.59 Million |
| 2009 | 14.32% | 24.53% | 0.03x | 20.04x | CA$1.07 Billion |
| 2010 | 15.34% | 27.34% | 0.03x | 19.06x | CA$1.48 Billion |
| 2011 | 15.80% | 29.93% | 0.03x | 17.56x | CA$1.90 Billion |
| 2012 | 15.75% | 31.27% | 0.03x | 16.85x | CA$2.28 Billion |
| 2013 | 14.38% | 31.08% | 0.03x | 16.66x | CA$1.96 Billion |
| 2014 | 14.76% | 30.51% | 0.03x | 16.82x | CA$2.28 Billion |
| 2015 | 13.48% | 29.67% | 0.03x | 16.47x | CA$1.81 Billion |
| 2016 | 12.65% | 27.44% | 0.03x | 15.93x | CA$1.49 Billion |
| 2017 | 13.33% | 29.93% | 0.03x | 15.25x | CA$2.00 Billion |
| 2018 | 13.10% | 30.29% | 0.03x | 15.31x | CA$2.03 Billion |
| 2019 | 12.43% | 27.75% | 0.03x | 16.09x | CA$1.64 Billion |
| 2020 | 9.95% | 21.66% | 0.03x | 16.68x | CA$-34.70 Million |
| 2021 | 13.59% | 31.13% | 0.03x | 16.73x | CA$2.54 Billion |
| 2022 | 13.54% | 31.84% | 0.02x | 18.43x | CA$2.59 Billion |
| 2023 | 9.63% | 23.31% | 0.02x | 18.34x | CA$-282.80 Million |
| 2024 | 9.42% | 26.31% | 0.02x | 17.14x | CA$-478.90 Million |
| 2025 | 8.97% | 10.64% | 0.05x | 16.81x | CA$-897.60 Million |
Industry Comparison
This section compares Bank of Nova Scotia's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $26,882,282,775
- Average return on equity (ROE) among peers: 10.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of Nova Scotia (BNS) | CA$89.02 Billion | 11.97% | 15.58x | $92.23 Billion |
| Bank of Montreal (BMO) | $39.91 Billion | 10.95% | 15.08x | $106.09 Billion |
| Canadian Imperial Bank Of Commerce (CM) | $11.06 Billion | 9.31% | 21.64x | $100.44 Billion |
| National Bank of Canada (NA) | $2.36 Billion | 9.20% | 17.96x | $57.04 Billion |
| Royal Bank of Canada (RY) | $41.21 Billion | 12.68% | 16.62x | $242.92 Billion |
| Toronto Dominion Bank (TD) | $39.87 Billion | 11.65% | 15.74x | $173.57 Billion |
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including … Read more