Sun Life Financial (PHS:SLF) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PHS:SLF Sun Life Financial Inc PHS:SLF
70 GF Score
Price ₱4,800.00
GF Value ₱3,872.02
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sun Life Financial Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Life Financial  (PHS:SLF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Sun Life Financial Cyclically Adjusted Price-to-FCF Related Terms


Sun Life Financial Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Sun Life Financial's Cyclically Adjusted Price-to-FCF 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.

Sun Life Financial Cyclically Adjusted Price-to-FCF Chart

Sun Life Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.42 5.34 5.00 5.81 5.18

Sun Life Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF 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 5.59 5.12 5.12 5.16 6.22

PHS:SLF vs BRK.A, AIG, HIG: Cyclically Adjusted Price-to-FCF Comparison

For the Insurance - Diversified subindustry, Sun Life Financial's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, Sun Life Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's Cyclically Adjusted Price-to-FCF falls into.


PHS:SLF
70GF Score
Sun Life Financial Inc PHS:SLF
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sun Life Financial Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Sun Life Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Sun Life Financial's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=373.247/133.5265*133.5265
=373.247

Current CPI (Jun. 2026) = 133.5265.

Sun Life Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 130.764 101.765 171.577
201612 89.677 101.449 118.033
201703 14.712 102.634 19.140
201706 122.175 103.029 158.340
201709 112.419 103.345 145.251
201712 154.456 103.345 199.565
201803 7.875 105.004 10.014
201806 131.832 105.557 166.764
201809 98.659 105.636 124.707
201812 188.364 105.399 238.632
201903 3.926 106.979 4.900
201906 111.184 107.690 137.858
201909 144.067 107.611 178.762
201912 206.779 107.769 256.200
202003 80.442 107.927 99.522
202006 243.004 108.401 299.327
202009 208.800 108.164 257.759
202012 242.611 108.559 298.408
202103 -49.340 110.298 -59.731
202106 181.835 111.720 217.328
202109 148.583 112.905 175.721
202112 212.931 113.774 249.898
202203 -14.212 117.646 -16.130
202206 72.653 120.806 80.303
202209 282.895 120.648 313.093
202212 211.360 120.964 233.311
202303 19.716 122.702 21.455
202306 123.013 124.203 132.247
202309 171.608 125.230 182.976
202312 400.935 125.072 428.036
202403 45.677 126.258 48.307
202406 166.898 127.522 174.757
202409 319.493 127.285 335.160
202412 245.553 127.364 257.435
202503 119.520 129.181 123.541
202506 240.070 129.892 246.787
202509 248.024 130.287 254.191
202512 405.975 130.366 415.817
202603 314.858 132.262 317.868
202606 373.247 133.527 373.247

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.

Is Sun Life Financial (PHS:SLF) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Life Financial stock appears to be overvalued. The current stock price of ₱4,800.00 is trading 24% above its estimated GF Value™ of ₱3,872.02. GuruFocus considers Sun Life Financial to be Modestly Overvalued.

Key valuation signals for PHS:SLF:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ₱3,872.02 vs. price of ₱4,800.00 (24% above fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the PHS:SLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Life Financial Business Description

Address 1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life Financial is one of the Big Three Canadian life insurers. The Canadian business contributed around 35% of its 2025 adjusted earnings. In that segment, the firm provides health, life insurance, and annuity products to individual and group customers. Its US business is mostly group health and contributed about 17% of the firm's adjusted earnings in 2025. Sun Life also offers life insurance and wealth products in several Asian markets with a strong presence in Hong Kong and the Philippines. The Asia segment contributed around 18% of adjusted 2024 earnings. Its asset management business had around CAD 1.2 trillion total assets under management or administration at the end of 2025 and represents around 30% of the firm's earnings.
70GF Score

Get the complete analysis for PHS:SLF

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱4,800.00
Price
₱3,872.02
GF Value