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Sun Life Financial (TSX:SLF) Cyclically Adjusted PB Ratio : 2.03 (As of May. 22, 2025)


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What is Sun Life Financial Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Sun Life Financial's current share price is C$87.54. Sun Life Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$43.09. Sun Life Financial's Cyclically Adjusted PB Ratio for today is 2.03.

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

TSX:SLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.69   Max: 2.09
Current: 2.03

During the past years, Sun Life Financial's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 1.15. And the median was 1.69.

TSX:SLF's Cyclically Adjusted PB Ratio is ranked worse than
75.68% of 403 companies
in the Insurance industry
Industry Median: 1.22 vs TSX:SLF: 2.03

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 C$41.806. 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 C$43.09 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 1.72 1.98 1.61 1.68 2.01

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 1.78 1.60 1.86 2.01 1.91

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
=87.54/43.09
=2.03

* 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)
=41.806/129.1809*129.1809
=41.806

Current CPI (Mar. 2025) = 129.1809.

Sun Life Financial Quarterly Data

Book Value per Share CPI Adj_Book
201506 29.281 100.500 37.637
201509 30.295 100.421 38.971
201512 31.444 99.947 40.641
201603 30.470 101.054 38.951
201606 30.734 102.002 38.923
201609 32.139 101.765 40.798
201612 32.776 101.449 41.736
201703 33.492 102.634 42.155
201706 33.709 103.029 42.265
201709 33.787 103.345 42.234
201712 33.931 103.345 42.414
201803 34.598 105.004 42.564
201806 35.381 105.557 43.299
201809 35.437 105.636 43.335
201812 37.284 105.399 45.697
201903 41.562 106.979 50.187
201906 37.904 107.690 45.468
201909 37.306 107.611 44.784
201912 37.820 107.769 45.334
202003 39.318 107.927 47.061
202006 39.556 108.401 47.139
202009 40.364 108.164 48.207
202012 40.303 108.559 47.959
202103 40.031 110.298 46.884
202106 40.988 111.720 47.394
202109 42.690 112.905 48.844
202112 37.791 113.774 42.909
202203 43.276 117.646 47.519
202206 43.575 120.806 46.596
202209 45.183 120.648 48.379
202212 36.741 120.964 39.237
202303 35.858 122.702 37.751
202306 35.466 124.203 36.887
202309 36.593 125.230 37.747
202312 38.978 125.072 40.258
202403 38.286 126.258 39.172
202406 38.675 127.522 39.178
202409 40.955 127.285 41.565
202412 43.215 127.364 43.832
202503 41.806 129.181 41.806

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  (TSX:SLF) 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.
Executives
Laura Ann Money Senior Officer
Stephanie Coyles Director
Stephen Peacher Senior Officer
Kevin Strain Director, Senior Officer
Melissa Jane Kennedy Senior Officer
Linda Dougherty Senior Officer
Daniel Fishbein Senior Officer
Jacques Jr. Goulet Senior Officer
Colm Joseph Freyne Senior Officer
Marie-lucie Morin Director
Helen Mary Mallovy-hicks Director
Ingrid Johnson Senior Officer
Dean Connor Director, Senior Officer
Mark Saunders Senior Officer
Ashok Gupta Director