BNS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
BNS's ev/ebitda is right around its 10-year median of 25.7.
EV/EBITDA History
BNS EV/EBITDA by year
Yearly range of BNS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 0.0 to 103.2, averaging 29.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 25.6 | 39.9 | 46.8 | 26.2 |
| 2025 | 38.0 | 50.8 | 67.5 | 46.6 |
| 2024 | 29.4 | 38.5 | 58.4 | 38.6 |
| 2023 | 28.6 | 71.0 | 103.2 | 58.4 |
| 2022 | 18.0 | 20.8 | 29.3 | 28.8 |
| 2021 | 2.0 | 20.0 | 27.7 | 19.3 |
| 2020 | 0.0 | 21.2 | 31.2 | 2.2 |
| 2019 | 3.2 | 20.6 | 26.3 | 5.6 |
| 2018 | 3.1 | 4.4 | 5.4 | 3.2 |
| 2017 | 4.8 | 8.2 | 22.9 | 5.1 |
| 2016 | 17.7 | 19.8 | 22.1 | 20.2 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is BNS EV/EBITDA High or Low Right Now?
The Bank of Nova Scotia's EV/EBITDA is currently 26.2, which is around average relative to its 10-year historical range. The 10-year median EV/EBITDA for BNS is approximately 25.7. See all BNS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.