Home / NTIOF : OTC

AI Analysis Fundamentals Valuation Video Analysis News Similar

AI Analysis

How does NTIOF make money? Does NTIOF have pricing power? What's the Earnings Whisper? Will NTIOF profit more as the business scales? What is NTIOF's management track record? Is NTIOF's current price justified?

National Bank of Canada

$151.9 +$26.05 (+20.70%)

OTC · 14 Sep 2026 19:49 UTC

Previous Close

$152.59

Day Range

$151.77$154.16

Year Range

$105.65$171.47

Market Cap

58.5B

AVG Volume

49.8K

Trailing/Forward PE

17.45/10.4

PEG ratio

1.84

Dividend Yield

2.36%

Next Earnings Date

2026-12-02

Primary Exchange

Other OTC

Revenue (CAD)

NTIOF Revenue (CAD) by year
Period	Revenue (CAD)
2025	26.34B
2024	15.62B
2023	10.06B
2022	9.54B
2021	8.9B
2020	7.9B
2019	7.3B
2018	7.14B
2017	6.57B
2016	6.05B

Net Income (CAD)

NTIOF Net Income (CAD) by year
Period	Net Income (CAD)
2025	4.02B
2024	3.82B
2023	3.31B
2022	3.38B
2021	3.18B
2020	2.04B
2019	2.26B
2018	2.15B
2017	1.94B
2016	1.18B

Operating Income (CAD)

NTIOF Operating Income (CAD) by year
Period	Operating Income (CAD)
2025	5.31B
2024	5.17B
2023	4.59B
2022	4.69B
2021	4.44B
2020	3.09B
2019	3.31B
2018	3.21B
2017	2.89B
2016	2.03B

EBITDA (CAD)

NTIOF EBITDA (CAD) by year
Period	EBITDA (CAD)
2025	5.79B
2024	2.75B
2023	0
2022	0
2021	0
2020	0
2019	0
2018	0
2017	0
2016	0

Cash Flows (CAD)

NTIOF Cash Flows (CAD) by year
Period	Cash Flows (CAD)
2025	20.9B
2024	-2.86B
2023	4.51B
2022	-2.59B
2021	5.55B
2020	19.47B
2019	7.55B
2018	5.44B
2017	1.25B
2016	5.17B

EPS (CAD)

NTIOF EPS (CAD) by year
Period	EPS (CAD)
2025	10.09
2024	10.68
2023	9.37
2022	9.77
2021	8.95
2020	5.7
2019	6.34
2018	5.94
2017	5.38
2016	3.28

Expenses (CAD)

NTIOF Expenses (CAD) by year
Period	Expenses (CAD)
2025	4.91B
2024	4.75B
2023	3.93B
2022	3.69B
2021	3.24B
2020	2.85B
2019	2.76B
2018	2.75B
2017	2.45B
2016	2.39B

Cash & Debt (CAD)

NTIOF Cash & Debt (CAD) by year
Period	Cash & Debt (CAD)
2025	33.2B
2024	35.75B
2023	39.14B
2022	36.34B
2021	36.81B
2020	34.71B
2019	15.22B
2018	14.06B
2017	10.09B
2016	9.77B

Debt ratios

NTIOF Debt ratios by year
Period	Debt ratios
2025	13.65
2024	14.17

Margins

NTIOF Margins by year
Period	Margins
2025	49.38%
2024	72%
2023	101.03%
2022	100.84%
2021	100%
2020	100%
2019	100%
2018	100%
2017	100%
2016	100.2%

Return on Capital

NTIOF Return on Capital by year
Period	Return on Capital
2025	11.9%
2024	14.94%
2023	13.97%
2022	15.53%
2021	17.01%
2020	12.46%
2019	14.9%
2018	14.94%
2017	14.31%
2016	9.76%

Shares Outstanding

NTIOF Shares Outstanding by year
Period	Shares Outstanding
2025	279.32M
2024	357.44M
2023	358.78M
2022	355.69M
2021	355.16M
2020	359.81M
2019	352.95M
2018	362M
2017	364.33M
2016	370.8M

Dividends (CAD)

NTIOF Dividends (CAD) by year
Period	Dividends (CAD)
2026	2.77
2025	3.41
2024	3.19
2023	3.03
2022	2.79
2021	2.38
2020	2.1
2019	2.06
2018	1.89
2017	1.8

Book Value Per Share (CAD)

NTIOF Book Value Per Share (CAD) by year
Period	Book Value Per Share (CAD)
2025	120.9
2024	71.48
2023	66
2022	61.14
2021	52.6
2020	45.53
2019	42.88
2018	39.65
2017	37.21
2016	32.64

Total Assets (CAD)

NTIOF Total Assets (CAD) by year
Period	Total Assets (CAD)
2025	576.92B
2024	462.23B
2023	423.48B
2022	403.74B
2021	355.62B
2020	331.62B
2019	281.46B
2018	262.47B
2017	245.83B
2016	232.21B

PE Ratio

NTIOF PE Ratio by year
Period	PE Ratio
Sep 26	13.05
Sep 26	13.45
Aug 26	13.08
Aug 26	13.53
Aug 26	14.25
Aug 26	14.02
Jul 26	13.99
Jul 26	15.27
Jul 26	15.57
Jul 26	15.39
Jul 26	14.75
Jun 26	14.84
Jun 26	14.78
Jun 26	14.06
Jun 26	13.65
May 26	13.51
May 26	14.16
May 26	13.65
May 26	13.87
May 26	13.73
Apr 26	14.2
Apr 26	14.08
Apr 26	13.62
Apr 26	12.9
Mar 26	12.31
Mar 26	12.15
Mar 26	12.56
Mar 26	13
Feb 26	13.29
Feb 26	12.42
Feb 26	12.16
Feb 26	11.74
Jan 26	11.27
Jan 26	16.57
Jan 26	16.95
Jan 26	17.38
Jan 26	17.29
Dec 25	17.65
Dec 25	17.39
Dec 25	17.27
Dec 25	17.08
Nov 25	16.89
Nov 25	16.29
Nov 25	16.19
Nov 25	15.74
Oct 25	15.67
Oct 25	15.53
Oct 25	15.19
Oct 25	15.12
Oct 25	15.22
Sep 25	15.14
Sep 25	15.1
Sep 25	15.01
Sep 25	14.62
Aug 25	14.58
Aug 25	15.24
Aug 25	15.2
Aug 25	14.72
Aug 25	14.39
Jul 25	12.65
Jul 25	12.51
Jul 25	12.31
Jul 25	12.4
Jun 25	12.19
Jun 25	11.85
Jun 25	11.81
Jun 25	11.73
May 25	11.84
May 25	11.31
May 25	11.23
May 25	10.93
May 25	10.67
Apr 25	11.08
Apr 25	10.83
Apr 25	10.6
Apr 25	10.61
Mar 25	11.14
Mar 25	11.1
Mar 25	10.97
Mar 25	11
Feb 25	11.26
Feb 25	11.63
Feb 25	11.86
Feb 25	11.71
Jan 25	12.08
Jan 25	12.29
Jan 25	12.09
Jan 25	12.35
Jan 25	12.42
Dec 24	12.38
Dec 24	12.39
Dec 24	12.57
Dec 24	12.5
Nov 24	12.99
Nov 24	12.91
Nov 24	12.52
Nov 24	12.52
Nov 24	12.37
Oct 24	13.02
Oct 24	13

Free Cash Flow Yield

NTIOF Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	35.51%
Sep 26	34.44%
Aug 26	35.42%
Aug 26	34.23%
Aug 26	32.5%
Aug 26	33.05%
Jul 26	33.11%
Jul 26	24.08%
Jul 26	23.61%
Jul 26	23.88%
Jul 26	24.92%
Jun 26	24.77%
Jun 26	24.86%
Jun 26	26.15%
Jun 26	26.92%
May 26	27.21%
May 26	25.96%
May 26	26.92%
May 26	26.51%
May 26	26.77%
Apr 26	36.65%
Apr 26	36.95%
Apr 26	38.19%
Apr 26	40.34%
Mar 26	42.26%
Mar 26	42.83%
Mar 26	41.43%
Mar 26	40.03%
Feb 26	39.15%
Feb 26	41.88%
Feb 26	42.79%
Feb 26	44.32%
Jan 26	46.18%
Jan 26	5.25%
Jan 26	5.13%
Jan 26	5.01%
Jan 26	5.03%
Dec 25	4.93%
Dec 25	5.01%
Dec 25	5.04%
Dec 25	5.1%
Nov 25	5.15%
Nov 25	5.34%
Nov 25	5.38%
Nov 25	5.53%
Oct 25	5.55%
Oct 25	8.51%
Oct 25	8.7%
Oct 25	8.74%
Oct 25	8.69%
Sep 25	8.73%
Sep 25	8.75%
Sep 25	8.81%
Sep 25	9.04%
Aug 25	9.06%
Aug 25	8.67%
Aug 25	8.69%
Aug 25	8.98%
Aug 25	9.19%
Jul 25	-3.13%
Jul 25	-3.17%
Jul 25	-3.22%
Jul 25	-3.19%
Jun 25	-3.25%
Jun 25	-3.34%
Jun 25	-3.35%
Jun 25	-3.38%
May 25	-3.34%
May 25	-3.5%
May 25	-3.52%
May 25	-3.62%
May 25	-3.71%
Apr 25	-6.77%
Apr 25	-6.93%
Apr 25	-7.08%
Apr 25	-7.07%
Mar 25	-6.73%
Mar 25	-6.76%
Mar 25	-6.84%
Mar 25	-6.82%
Feb 25	-6.66%
Feb 25	-6.45%
Feb 25	-6.32%
Feb 25	-6.41%
Jan 25	-6.21%
Jan 25	-16.52%
Jan 25	-16.79%
Jan 25	-16.44%
Jan 25	-16.35%
Dec 24	-16.39%
Dec 24	-16.39%
Dec 24	-16.15%
Dec 24	-16.24%
Nov 24	-15.62%
Nov 24	-15.73%
Nov 24	-16.22%
Nov 24	-16.21%
Nov 24	-16.41%
Oct 24	-31.28%
Oct 24	-31.32%

Price to Sales

NTIOF Price to Sales by year
Period	Price to Sales
Sep 26	2.2
Sep 26	2.27
Aug 26	2.21
Aug 26	2.28
Aug 26	2.41
Aug 26	2.37
Jul 26	2.36
Jul 26	2.42
Jul 26	2.47
Jul 26	2.44
Jul 26	2.34
Jun 26	2.35
Jun 26	2.34
Jun 26	2.23
Jun 26	2.16
May 26	2.14
May 26	2.24
May 26	2.16
May 26	2.2
May 26	2.18
Apr 26	2.16
Apr 26	2.15
Apr 26	2.08
Apr 26	1.97
Mar 26	1.88
Mar 26	1.85
Mar 26	1.92
Mar 26	1.98
Feb 26	2.03
Feb 26	1.89
Feb 26	1.85
Feb 26	1.79
Jan 26	1.72
Jan 26	2.54
Jan 26	2.59
Jan 26	2.66
Jan 26	2.64
Dec 25	2.7
Dec 25	2.66
Dec 25	2.64
Dec 25	2.61
Nov 25	2.58
Nov 25	2.49
Nov 25	2.48
Nov 25	2.41
Oct 25	2.4
Oct 25	2.39
Oct 25	2.34
Oct 25	2.33
Oct 25	2.35
Sep 25	2.33
Sep 25	2.33
Sep 25	2.31
Sep 25	2.25
Aug 25	2.25
Aug 25	2.35
Aug 25	2.34
Aug 25	2.27
Aug 25	2.22
Jul 25	2.43
Jul 25	2.41
Jul 25	2.37
Jul 25	2.39
Jun 25	2.35
Jun 25	2.28
Jun 25	2.27
Jun 25	2.26
May 25	2.28
May 25	2.18
May 25	2.16
May 25	2.1
May 25	2.05
Apr 25	2.71
Apr 25	2.65
Apr 25	2.59
Apr 25	2.59
Mar 25	2.72
Mar 25	2.71
Mar 25	2.68
Mar 25	2.69
Feb 25	2.75
Feb 25	2.84
Feb 25	2.9
Feb 25	2.86
Jan 25	2.95
Jan 25	4.09
Jan 25	4.03
Jan 25	4.11
Jan 25	4.13
Dec 24	4.12
Dec 24	4.13
Dec 24	4.19
Dec 24	4.16
Nov 24	4.33
Nov 24	4.3
Nov 24	4.17
Nov 24	4.17
Nov 24	4.12
Oct 24	4.22
Oct 24	4.22

EV/EBITDA

NTIOF EV/EBITDA by year
Period	EV/EBITDA
Sep 26	9.11
Sep 26	9.4
Aug 26	9.14
Aug 26	9.46
Aug 26	9.97
Aug 26	9.8
Jul 26	9.78
Jul 26	19.93
Jul 26	20.14
Jul 26	20.02
Jul 26	19.57
Jun 26	19.63
Jun 26	19.59
Jun 26	19.08
Jun 26	18.79
May 26	18.69
May 26	19.15
May 26	18.8
May 26	18.94
May 26	18.85
Apr 26	30.01
Apr 26	29.92
Apr 26	29.61
Apr 26	29.1
Mar 26	28.7
Mar 26	28.58
Mar 26	28.87
Mar 26	29.17
Feb 26	29.37
Feb 26	28.77
Feb 26	28.59
Feb 26	28.3
Jan 26	27.97
Jan 26	31.69
Jan 26	31.96
Jan 26	32.26
Jan 26	32.2
Dec 25	32.45
Dec 25	32.26
Dec 25	32.18
Dec 25	32.05
Nov 25	31.92
Nov 25	31.49
Nov 25	31.42
Nov 25	31.1
Oct 25	31.05
Oct 25	28.39
Oct 25	28.15
Oct 25	28.1
Oct 25	28.17
Sep 25	28.11
Sep 25	28.09
Sep 25	28.02
Sep 25	27.75
Aug 25	27.72
Aug 25	28.19
Aug 25	28.16
Aug 25	27.82
Aug 25	27.59
Jul 25	22.61
Jul 25	22.48
Jul 25	22.29
Jul 25	22.38
Jun 25	22.18
Jun 25	21.86
Jun 25	21.83
Jun 25	21.75
May 25	21.85
May 25	21.36
May 25	21.29
May 25	21.01
May 25	20.76
Apr 25	29.52
Apr 25	29.17
Apr 25	28.85
Apr 25	28.87
Mar 25	29.61
Mar 25	29.55
Mar 25	29.37
Mar 25	29.41
Feb 25	29.77
Feb 25	30.28
Feb 25	30.61
Feb 25	30.39
Jan 25	30.9
Jan 25	60.32
Jan 25	59.84
Jan 25	60.48
Jan 25	60.65
Dec 24	60.57
Dec 24	60.58
Dec 24	61.04
Dec 24	60.87
Nov 24	62.11
Nov 24	61.89
Nov 24	60.9
Nov 24	60.92
Nov 24	60.54

Price/Operating Cashflow

NTIOF Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	2.27
Sep 26	2.34
Aug 26	2.27
Aug 26	2.35
Aug 26	2.48
Aug 26	2.44
Jul 26	2.43
Jul 26	4.68
Jul 26	4.77
Jul 26	4.72
Jul 26	4.52
Jun 26	4.55
Jun 26	4.53
Jun 26	4.31
Jun 26	4.19
May 26	4.14
May 26	4.34
May 26	4.19
May 26	4.25
May 26	4.21
Apr 26	12.3
Apr 26	12.2
Apr 26	11.81
Apr 26	11.18
Mar 26	10.67
Mar 26	10.53
Mar 26	10.88
Mar 26	11.26
Feb 26	11.51
Feb 26	10.77
Feb 26	10.54
Feb 26	10.17
Jan 26	9.76
Jan 26	16.71
Jan 26	17.09
Jan 26	17.53
Jan 26	17.43
Dec 25	17.8
Dec 25	17.53
Dec 25	17.41
Dec 25	17.22
Nov 25	17.03
Nov 25	16.42
Nov 25	16.32
Nov 25	15.87
Oct 25	15.8
Oct 25	10.74
Oct 25	10.5
Oct 25	10.46
Oct 25	10.52
Sep 25	10.47
Sep 25	10.45
Sep 25	10.38
Sep 25	10.11
Aug 25	10.09
Aug 25	10.54
Aug 25	10.51
Aug 25	10.18
Aug 25	9.95
Apr 24	7.78
Apr 24	7.64
Apr 24	7.69
Apr 24	7.83
Mar 24	7.96
Mar 24	7.98
Mar 24	7.66
Mar 24	7.54
Mar 24	7.4
Feb 24	7.26
Feb 24	7.2
Feb 24	7.12
Feb 24	7.11
Jan 24	18.14
Jan 24	17.81
Jan 24	17.75
Jan 24	17.87
Dec 23	17.97
Dec 23	17.71
Dec 23	17.54
Dec 23	16.88
Dec 23	16.78
Nov 23	16.04
Nov 23	16.25
Nov 23	15.77
Nov 23	15.85
Oct 23	2.28
Oct 23	2.28
Oct 23	2.34
Oct 23	2.36
Sep 23	2.41
Sep 23	2.44
Sep 23	2.53
Sep 23	2.46
Sep 23	2.53
Aug 23	2.61
Aug 23	2.68
Aug 23	2.76
Aug 23	2.74
Jul 23	6.55
Jul 23	6.37

Price to Book

NTIOF Price to Book by year
Period	Price to Book
Sep 26	1.79
Sep 26	1.85
Aug 26	1.8
Aug 26	1.86
Aug 26	1.96
Aug 26	1.93
Jul 26	1.92
Jul 26	1.96
Jul 26	2
Jul 26	1.98
Jul 26	1.9
Jun 26	1.91
Jun 26	1.9
Jun 26	1.81
Jun 26	1.75
May 26	1.74
May 26	1.82
May 26	1.75
May 26	1.78
May 26	1.77
Apr 26	1.69
Apr 26	1.67
Apr 26	1.62
Apr 26	1.53
Mar 26	1.46
Mar 26	1.44
Mar 26	1.49
Mar 26	1.55
Feb 26	1.58
Feb 26	1.48
Feb 26	1.45
Feb 26	1.4
Jan 26	1.34
Jan 26	1.94
Jan 26	1.99
Jan 26	2.04
Jan 26	2.03
Dec 25	2.07
Dec 25	2.04
Dec 25	2.02
Dec 25	2
Nov 25	1.98
Nov 25	1.91
Nov 25	1.9
Nov 25	1.85
Oct 25	1.84
Oct 25	1.83
Oct 25	1.79
Oct 25	1.78
Oct 25	1.79
Sep 25	1.79
Sep 25	1.78
Sep 25	1.77
Sep 25	1.72
Aug 25	1.72
Aug 25	1.8
Aug 25	1.79
Aug 25	1.74
Aug 25	1.7
Jul 25	1.86
Jul 25	1.84
Jul 25	1.81
Jul 25	1.83
Jun 25	1.8
Jun 25	1.75
Jun 25	1.74
Jun 25	1.73
May 25	1.75
May 25	1.67
May 25	1.66
May 25	1.61
May 25	1.57
Apr 25	1.66
Apr 25	1.62
Apr 25	1.58
Apr 25	1.59
Mar 25	1.66
Mar 25	1.66
Mar 25	1.64
Mar 25	1.64
Feb 25	1.68
Feb 25	1.74
Feb 25	1.77
Feb 25	1.75
Jan 25	1.8
Jan 25	1.77
Jan 25	1.74
Jan 25	1.78
Jan 25	1.79
Dec 24	1.79
Dec 24	1.79
Dec 24	1.81
Dec 24	1.8
Nov 24	1.87
Nov 24	1.86
Nov 24	1.81
Nov 24	1.81
Nov 24	1.79
Oct 24	1.83
Oct 24	1.83

No video analysis for this stock yet. Request one from our team.

News: NTIOF

seekingalpha.com · 26 Aug 2026

National Bank of Canada (NA:CA) Q3 2026 Earnings Call Transcript

marketbeat.com · 26 Aug 2026

National Bank of Canada Q3 Earnings Call Highlights

National Bank of Canada TSE: NA reported third-quarter fiscal 2026 adjusted earnings per share of CAD 3.39, up 26% from a year earlier, as revenue growth across its fee-based businesses, strong balance-sheet expansion and favorable market conditions supported results.

seekingalpha.com · 26 Aug 2026

National Bank of Canada: Upside Is Tricky At This Valuation

National Bank of Canada delivered strong Q3 '26 results but trades at a 17-18x P/E, well above historical norms. I maintain a Hold rating on NTIOF with a CAD130/share price target, reflecting franchise strength but cautioning against current valuation excess. NA's premium valuation is unwarranted given rising mortgage delinquencies, consumer insolvencies, and macroeconomic headwinds in Canada.

seekingalpha.com · 13 Aug 2026

Royal Bank Vs. National Bank: How To Pick When Both Stocks Are Great

Most investing content teaches you to tell a good company from a bad one. Almost nobody tells you what to do when both pass every test you know how to run. Royal Bank and National Bank are nearly identical on yield, payout ratio, and valuation, so the decision comes down to which investment thesis you prefer, not which metric reads higher. Stop looking for a metric to break the tie. Go to the investment thesis instead.

seekingalpha.com · 18 Jun 2026

We Have A Valuation Problem - May Dividend Income Report

I don't love valuation models because they rely on assumptions, and assumptions can be dangerous. But we still need to pay attention. I sold my position in BIPC not because I don't like the stock or that I'm spooked by recent movement, but rather in the optic of portfolio simplification. Since I started this portfolio in September 2017, I have received a total of $36,444.54 CAD in dividends.