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Sun Life Financial (FRA:LIE) Cyclically Adjusted PB Ratio : 1.93 (As of Jul. 16, 2025)


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What is Sun Life Financial Cyclically Adjusted PB Ratio?

As of today (2025-07-16), Sun Life Financial's current share price is €53.00. Sun Life Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €27.40. Sun Life Financial's Cyclically Adjusted PB Ratio for today is 1.93.

The historical rank and industry rank for Sun Life Financial's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:LIE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.7   Max: 2.1
Current: 1.98

During the past years, Sun Life Financial's highest Cyclically Adjusted PB Ratio was 2.10. The lowest was 1.15. And the median was 1.70.

FRA:LIE's Cyclically Adjusted PB Ratio is ranked worse than
72.57% of 412 companies
in the Insurance industry
Industry Median: 1.275 vs FRA:LIE: 1.98

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sun Life Financial's adjusted book value per share data for the three months ended in Mar. 2025 was €26.937. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €27.40 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Life Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sun Life Financial's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sun Life Financial Cyclically Adjusted PB Ratio Chart

Sun Life Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.98 1.61 1.68 2.02

Sun Life Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.79 1.60 1.87 2.02 1.92

Competitive Comparison of Sun Life Financial's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, Sun Life Financial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sun Life Financial's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sun Life Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's Cyclically Adjusted PB Ratio falls into.


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Sun Life Financial Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Sun Life Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.00/27.40
=1.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sun Life Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Sun Life Financial's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=26.937/129.1809*129.1809
=26.937

Current CPI (Mar. 2025) = 129.1809.

Sun Life Financial Quarterly Data

Book Value per Share CPI Adj_Book
201506 21.099 100.500 27.120
201509 20.347 100.421 26.174
201512 21.050 99.947 27.207
201603 20.688 101.054 26.446
201606 21.214 102.002 26.867
201609 21.846 101.765 27.732
201612 23.294 101.449 29.662
201703 23.392 102.634 29.443
201706 22.565 103.029 28.293
201709 23.086 103.345 28.858
201712 22.454 103.345 28.068
201803 21.696 105.004 26.691
201806 23.075 105.557 28.239
201809 23.300 105.636 28.493
201812 24.392 105.399 29.896
201903 24.996 106.979 30.183
201906 25.242 107.690 30.279
201909 25.583 107.611 30.711
201912 25.847 107.769 30.982
202003 25.489 107.927 30.508
202006 25.919 108.401 30.887
202009 25.903 108.164 30.936
202012 25.864 108.559 30.777
202103 26.753 110.298 31.333
202106 27.839 111.720 32.190
202109 28.638 112.905 32.766
202112 26.129 113.774 29.667
202203 31.039 117.646 34.082
202206 32.194 120.806 34.426
202209 34.212 120.648 36.632
202212 25.531 120.964 27.265
202303 24.477 122.702 25.769
202306 24.639 124.203 25.626
202309 25.340 125.230 26.139
202312 26.642 125.072 27.517
202403 26.022 126.258 26.624
202406 26.216 127.522 26.557
202409 27.241 127.285 27.647
202412 28.968 127.364 29.381
202503 26.937 129.181 26.937

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Sun Life Financial  (FRA:LIE) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Sun Life Financial Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Sun Life Financial's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun Life Financial Business Description

Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The US business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.

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