Bank of Nova Scotia

Pacific Alliance Markets And Digital Banking Will Reshape Financial Services

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Dec 24

Updated

09 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

25.5%

7D

3.5%

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1Y

25.5%

7D

3.5%

You can edit this narrative until Dec 10 1:06 PM. Then, changes will post as Updates.

Author's Valuation

CA$99.070.3% overvalued

AnalystConsensusTarget Fair Value

Shared on 09 Dec 25

Fair value Increased 7.43%

BNS: New Management And Rising ROE Will Shape A Measured Rebound

Analysts have lifted their price target for Bank of Nova Scotia from about C$92 to roughly C$99, citing stronger expected revenue growth, improving profit margins, and room for valuation multiple expansion as returns on equity trend higher under new management. Analyst Commentary Bullish analysts have reiterated positive views on Bank of Nova Scotia, pointing to evidence that recent strategic changes are beginning to translate into better fundamentals and a pathway for the shares to narrow their valuation gap versus peers.

Shared on 25 Nov 25

Fair value Increased 4.45%

BNS: Recent Management Changes And Earnings Momentum Will Shape The Road Ahead

The analyst price target for Bank of Nova Scotia has been increased from $88.29 to $92.21. Analysts cite improved valuation prospects, a stronger earnings outlook, and recent signs of operational progress under new management as supporting factors for the upward revision.

Shared on 11 Nov 25

Fair value Increased 1.39%

BNS: Further Net Interest Margin Expansion And Loan Growth Will Shape Outlook

The analyst price target for Bank of Nova Scotia has been raised slightly, moving from C$87.07 to C$88.29. Analysts cite improved earnings performance and a better outlook for credit and revenue growth as reasons for the change.

Shared on 27 Aug 25

Fair value Increased 7.67%

Despite a notable drop in revenue growth forecasts and a higher future P/E ratio, analysts have modestly raised Bank of Nova Scotia's consensus price target to CA$83.36. What's in the News Apollo's insurer Athene defended its asset allocation practices, showing that only 12% of its assets are "related party" compared to higher percentages at rival firms, including KKR's Global Atlantic and Brookfield's American National Insurance (Financial Times, 2025-08-18).

Shared on 01 May 25

Fair value Increased 4.44%

Shared on 23 Apr 25

Fair value Decreased 0.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.68%

AnalystConsensusTarget has decreased revenue growth from 15.6% to 11.1% and increased profit margin from 22.1% to 25.1%.

Shared on 02 Apr 25

Fair value Decreased 1.01%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 1.82%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 3.90%

AnalystConsensusTarget has increased revenue growth from 13.1% to 15.6%.

AnalystConsensusTarget Fair Value

CA$99.07

0.3% overvalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

8.97%

Banks revenue growth rate

0.26%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.25%

Calculation

CA$11.07b

Earnings '28

x

13.35x

PE Ratio '28

=

CA$147.75b

Market Cap '28

CA$147.75b

Market Cap '28

/

1.21b

No. shares '28

=

CA$122.16

Share Price '28

CA$122.16 Share Price '28

Discounted to 2025 @ 7.25% p.a.

=

CA$99.03

Fair Value '25