Sun Life FinancialPHS:SLF 76 Net-Net Working Capital is ₱-28,204.42 as of Mar. 2026. GuruFocus rates PHS:SLF with a GF Score™ of 76/100 and a GF Value™ of ₱3,673.89 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 59 Insurance companies, Sun Life Financial ranks worse than 1694913.56% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Sun Life Financial's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱-28,204.42.
The industry rank for Sun Life Financial's Net-Net Working Capital or its related term are showing as below:
PHS:SLF's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 7.2 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Sun Life Financial (PHS:SLF) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Sun Life Financial Net-Net Working Capital Related Terms
Sun Life Financial Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Sun Life Financial's Net-Net Working Capital 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.
PHS:SLF vs BRK.A, AIG, HIG: Net-Net Working Capital Comparison
For the Insurance - Diversified subindustry, Sun Life Financial's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Sun Life Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sun Life Financial's Price-to-Net-Net-Working-Capital falls into.
* 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of ₱-28,204.42 mean?
Sun Life Financial (PHS:SLF) has a Net-Net Working Capital of ₱-28,204.42 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sun Life Financial According to the industry distribution chart, Sun Life Financial ranks #999999 out of 59 companies in the Insurance industry.
Is Sun Life Financial's Net-Net Working Capital too high?
Sun Life Financial's current Net-Net Working Capital is ₱-28,204.42. Based on the distribution chart, Sun Life Financial ranks #999999 out of 59 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Sun Life Financial has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Life Financial's Net-Net Working Capital compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Sun Life Financial ranks #999999 out of 59 companies for Net-Net Working Capital. This places Sun Life Financial in the lower half of its industry. The industry median Net-Net Working Capital is 7.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Insurance company?
The median Net-Net Working Capital among Insurance companies is 7.20, based on 59 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sun Life Financial For the Insurance industry, the median Net-Net Working Capital is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Life Financial's current Net-Net Working Capital is ₱-28,204.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Life Financial stock overvalued right now?
Based on GuruFocus' analysis, Sun Life Financial (PHS:SLF) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱3,673.89, compared to a current price of ₱4,750.00 — trading 29.3% above its estimated fair value. The current Net-Net Working Capital is ₱-28,204.42. Sun Life Financial's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Sun Life Financial (PHS:SLF), the current Net-Net Working Capital is ₱-28,204.42 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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 ₱4,750.00 is trading 29.3% above its estimated GF Value™ of ₱3,673.89.
GuruFocus considers Sun Life Financial to be Modestly Overvalued.
Key valuation signals for PHS:SLF:
Net-Net Working Capital: ₱-28,204.42
GF Value™: ₱3,673.89 vs. price of ₱4,750.00 (29.3% above fair value)
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 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.
76GF Score
Get the complete analysis for PHS:SLF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:SLF has been successfully added to your 
