SLF (Sun Life Financial) PB Ratio : 1.87 (As of Dec. 12, 2024)

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What is Sun Life Financial PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-12), Sun Life Financial's share price is $60.46. Sun Life Financial's Book Value per Share for the quarter that ended in Sep. 2024 was $32.31. Hence, Sun Life Financial's PB Ratio of today is 1.87.

Warning Sign:

Sun Life Financial Inc stock PB Ratio (=1.97) is close to 10-year high of 2.17

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

SLF' s PB Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.53 Max: 2.17
Current: 1.96

During the past 13 years, Sun Life Financial's highest PB Ratio was 2.17. The lowest was 1.01. And the median was 1.53.

SLF's PB Ratio is ranked worse than
71.88% of 480 companies
in the Insurance industry
Industry Median: 1.29 vs SLF: 1.96

During the past 12 months, Sun Life Financial's average Book Value Per Share Growth Rate was 10.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sun Life Financial was 24.00% per year. The lowest was -10.40% per year. And the median was 4.50% per year.

Back to Basics: PB Ratio

Sun Life Financial PB Ratio Historical Data

The historical data trend for Sun Life Financial's 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 PB Ratio Chart

Sun Life Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.67

1.50

2.12

1.82

1.91

Sun Life Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
PB Ratio	Get a 7-Day Free Trial															1.66	1.91	1.79	1.62	1.80

Competitive Comparison of Sun Life Financial's PB Ratio

For the Insurance - Diversified subindustry, Sun Life Financial's PB Ratio, along with its competitors' market caps and 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 PB Ratio Distribution in the Insurance Industry

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

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

Sun Life Financial PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Sun Life Financial's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	60.46	/	32.306
	=	1.87

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Sun Life Financial (NYSE:SLF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Sun Life Financial PB Ratio Related Terms

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Sun Life Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (NYSE:SLF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

SUNFF.PFD:USA SLF:Philippines 0VJA:UK LIE:Germany LIE:Germany SLF.PR.K.PFD:Canada SLF.PR.J.PFD:Canada SLF.PR.H.PFD:Canada SLF.PR.G.PFD:Canada SLF.PR.E.PFD:Canada SLF.PR.D.PFD:Canada SLF.PR.C.PFD:Canada SLF:Canada

Address

1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6

Website

https://www.sunlife.com

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 U.S. 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.