Bank Of Nova Scotia (BNS) Return on Invested Capital [ROIC] (2011 - 2026)
Bank Of Nova Scotia's Return on Invested Capital [ROIC] came in at 24.02% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 2.81 percentage points from 21.21% a year earlier and up 0.77 percentage points from the prior quarter.
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Analysis
Bank Of Nova Scotia (BNS) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Bank Of Nova Scotia's Return on Invested Capital [ROIC] was 21.73%, down 0.62 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -0.51 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Invested Capital [ROIC] was 22.35% in FY2024 (+0.08 pp), 22.27% in FY2023 (-2.53 pp), 24.80% in FY2022 (-0.29 pp) and 25.09% in FY2021 (+2.85 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2023.
- Year-over-year, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of -0.11 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in fiscal Q1 2022 (a gain of 3.88 percentage points), and the weakest in fiscal Q3 2023 (a drop of 4.15 percentage points).
- Business Quant data shows BNS's Return on Invested Capital [ROIC] at 23.25% (Q2 2026), 22.23% (Q1 2026) and 21.70% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 202.98 Bn | 146.16 Bn | - | - |
| 2 | Citigroup | 199.16 Bn | -2,200.88 Bn | 23.76 Bn | 4.43% |
| 3 | Bank Of Nova Scotia | 114.05 Bn | -318.40 Bn | - | 24.02% |
| 4 | Nokia | 41.57 Bn | 41.57 Bn | 2.58 Bn | - |
| 5 | Haleon | 40.98 Bn | 34.61 Bn | - | - |
| 6 | Gold Fields | 35.07 Bn | 31.75 Bn | - | - |
| 7 | Smith & Nephew | 27.02 Bn | 24.42 Bn | - | - |
| 8 | Sprott Physical Gold Trust | 14.06 Bn | 13.92 Bn | - | - |
| 9 | Magnum Ice Cream | 11.87 Bn | 10.51 Bn | - | - |
| 10 | Sprott Physical Silver Trust | 9.39 Bn | 9.06 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 24.02% |
| Apr 30, 2026 | 23.25% |
| Jan 31, 2026 | 22.23% |
| Oct 31, 2025 | 21.70% |
| Jul 31, 2025 | 21.21% |
| Apr 30, 2025 | 21.17% |
| Jan 31, 2025 | 22.12% |
| Oct 31, 2024 | 22.97% |
| Jul 31, 2024 | 22.85% |
| Apr 30, 2024 | 22.93% |
| Jan 31, 2024 | 23.98% |
| Oct 31, 2023 | 22.29% |
| Jul 31, 2023 | 21.57% |
| Apr 30, 2023 | 22.47% |
| Jan 31, 2023 | 24.22% |
| Oct 31, 2022 | 26.02% |
| Jul 31, 2022 | 25.72% |
| Apr 30, 2022 | 26.11% |
| Jan 31, 2022 | 26.58% |
| Oct 31, 2021 | 25.53% |
API Access
Bank Of Nova Scotia Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "BNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();