Do you want to do this without changing the code that you want to measure timings for? If you don't mind changing the code, then you could do something like this:
def time[R](block: => R): R = {
    val t0 = System.nanoTime()
    val result = block    // call-by-name
    val t1 = System.nanoTime()
    println("Elapsed time: " + (t1 - t0) + "ns")
    result
}
// Now wrap your method calls, for example change this...
val result = 1 to 1000 sum
// ... into this
val result = time { 1 to 1000 sum }
    In addition to Jesper's answer, you can automatically wrap method invocations in the REPL:
scala> def time[R](block: => R): R = {
   | val t0 = System.nanoTime()
   | val result = block
   | println("Elapsed time: " + (System.nanoTime - t0) + "ns")
   | result
   | }
time: [R](block: => R)R
Now - let's wrap anything in this
scala> :wrap time
wrap: no such command.  Type :help for help.
OK - we need to be in power mode
scala> :power
** Power User mode enabled - BEEP BOOP SPIZ **
** :phase has been set to 'typer'.          **
** scala.tools.nsc._ has been imported      **
** global._ and definitions._ also imported **
** Try  :help,  vals.<tab>,  power.<tab>    **
Wrap away
scala> :wrap time
Set wrapper to 'time'
scala> BigDecimal("1.456")
Elapsed time: 950874ns
Elapsed time: 870589ns
Elapsed time: 902654ns
Elapsed time: 898372ns
Elapsed time: 1690250ns
res0: scala.math.BigDecimal = 1.456
I have no idea why that printed stuff out 5 times
Update as of 2.12.2:
scala> :pa
// Entering paste mode (ctrl-D to finish)
package wrappers { object wrap { def apply[A](a: => A): A = { println("running...") ; a } }}
// Exiting paste mode, now interpreting.
scala> $intp.setExecutionWrapper("wrappers.wrap")
scala> 42
running...
res2: Int = 42
    This what I use:
import System.nanoTime
def profile[R](code: => R, t: Long = nanoTime) = (code, nanoTime - t)
// usage:
val (result, time) = profile { 
  /* block of code to be profiled*/ 
}
val (result2, time2) = profile methodToBeProfiled(foo)
    There are three benchmarking libraries for Scala that you can avail of.
Since the URLs on the linked site are likely to change, I am pasting the relevant content below.
SPerformance - Performance Testing framework aimed at automagically comparing performance tests and working inside Simple Build Tool.
scala-benchmarking-template - SBT template project for creating Scala (micro-)benchmarks based on Caliper.
Metrics - Capturing JVM- and application-level metrics. So you know what's going on
testing.Benchmark might be useful.
scala> def testMethod {Thread.sleep(100)}
testMethod: Unit
scala> object Test extends testing.Benchmark {
     |   def run = testMethod
     | }
defined module Test
scala> Test.main(Array("5"))
$line16.$read$$iw$$iw$Test$     100     100     100     100     100
    
                If you love us? You can donate to us via Paypal or buy me a coffee so we can maintain and grow! Thank you!
Donate Us With