Sun Life FinancialPHS:SLF 76 Return-on-Tangible-Asset is 0.56% as of Mar. 2026, which is 46% below its 10-year median of 1.04. GuruFocus rates PHS:SLF with a GF Score™ of 76/100 and a GF Value™ of ₱3,609.75 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 511 Insurance companies, Sun Life Financial ranks worse than 75.34% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Sun Life Financial's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱96,332 Mil. Sun Life Financial's average total tangible assets for the quarter that ended in Mar. 2026 was ₱17,190,729 Mil. Therefore, Sun Life Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.56%.
The historical rank and industry rank for Sun Life Financial's Return-on-Tangible-Asset or its related term are showing as below:
PHS:SLF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.88 Med: 1.04 Max: 1.34
Current: 0.88
During the past 13 years, Sun Life Financial's highest Return-on-Tangible-Asset was 1.34%. The lowest was 0.88%. And the median was 1.04%.
PHS:SLF's Return-on-Tangible-Asset is ranked worse than 75.34% of 511
companies
in the Insurance industry
Industry Median: 2.78
vs PHS:SLF: 0.88
Sun Life Financial (PHS:SLF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Sun Life Financial Return-on-Tangible-Asset Related Terms
Sun Life Financial Return-on-Tangible-Asset Historical Data
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The historical data trend for Sun Life Financial's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Sun Life Financial's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Sun Life Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sun Life Financial's Return-on-Tangible-Asset 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 the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.56% mean?
Sun Life Financial (PHS:SLF) has a Return-on-Tangible-Asset of 0.56% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sun Life Financial and its competitors. This is 46% below median its historical median of 1.04. Over the past decade, Sun Life Financial's Return-on-Tangible-Asset has ranged from 0.88 to 1.34. According to the industry distribution chart, Sun Life Financial ranks #385 out of 511 companies in the Insurance industry, placing it in the top 75.3%.
Is Sun Life Financial's Return-on-Tangible-Asset too high?
Sun Life Financial's current Return-on-Tangible-Asset of 0.56% is 46% below median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.34. The Insurance industry median Return-on-Tangible-Asset is 2.78. Sun Life Financial's value of 0.56% is 79.9% below this industry median. Based on the distribution chart, Sun Life Financial ranks #385 out of 511 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 Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Sun Life Financial ranks #385 out of 511 companies for Return-on-Tangible-Asset. This places Sun Life Financial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.78. Sun Life Financial's value of 0.56% is 79.9% below this benchmark. Historically, Sun Life Financial's own Return-on-Tangible-Asset has ranged from 0.88 to 1.34 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 2.78, Sun Life Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.78, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun Life Financial's current Return-on-Tangible-Asset of 0.56% is 79.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sun Life Financial and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Life Financial's current Return-on-Tangible-Asset is 0.56%, which is 46% below median its own 10-year median of 1.04. 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 ₱3,609.75, compared to a current price of ₱4,600.00 — trading 27.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.56%, which is 46% below median its 10-year median of 1.04 and 79.9% below the Insurance industry median of 2.78. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Sun Life Financial (PHS:SLF), the current Return-on-Tangible-Asset is 0.56% 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 ₱4,600.00 is trading 27.4% above its estimated GF Value™ of ₱3,609.75.
GuruFocus considers Sun Life Financial to be Modestly Overvalued.
Key valuation signals for PHS:SLF:
Return-on-Tangible-Asset: 0.56% (46% below median its 10-year median of 1.04)
GF Value™: ₱3,609.75 vs. price of ₱4,600.00 (27.4% above fair value)
Industry Position: 79.9% below the Insurance median (#385 of 511)
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
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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