Sun Life FinancialPHS:SLF -2.09%75 Return-on-Tangible-Equity is 19.99% as of Mar. 2026, which is 14% below its 10-year median of 23.21. GuruFocus rates PHS:SLF with a GF Score™ of 75/100 and a GF Value™ of ₱3,546.89 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 497 Insurance companies, Sun Life Financial ranks better than 83.7% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Sun Life Financial's annualized net income for the quarter that ended in Mar. 2026 was ₱95,632 Mil. Sun Life Financial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱478,333 Mil. Therefore, Sun Life Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.99%.
The historical rank and industry rank for Sun Life Financial's Return-on-Tangible-Equity or its related term are showing as below:
PHS:SLF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.81 Med: 23.21 Max: 34.71
Current: 30.3
During the past 13 years, Sun Life Financial's highest Return-on-Tangible-Equity was 34.71%. The lowest was 15.81%. And the median was 23.21%.
PHS:SLF's Return-on-Tangible-Equity is ranked better than 83.7% of 497
companies
in the Insurance industry
Industry Median: 13.54
vs PHS:SLF: 30.30
Sun Life Financial (PHS:SLF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Sun Life Financial Return-on-Tangible-Equity Related Terms
Sun Life Financial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sun Life Financial's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart
PHS:SLF vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, Sun Life Financial's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Sun Life Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sun Life Financial's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.99% mean?
Sun Life Financial (PHS:SLF) has a Return-on-Tangible-Equity of 19.99% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sun Life Financial and its competitors. This is 14% below median its historical median of 23.21. Over the past decade, Sun Life Financial's Return-on-Tangible-Equity has ranged from 15.81 to 34.71. According to the industry distribution chart, Sun Life Financial ranks #81 out of 497 companies in the Insurance industry, placing it in the top 16.3%.
Is Sun Life Financial's Return-on-Tangible-Equity too high?
Sun Life Financial's current Return-on-Tangible-Equity of 19.99% is 14% below median its 10-year median of 23.21. Over the past 10 years, this metric has ranged from a low of 15.81 to a high of 34.71. The Insurance industry median Return-on-Tangible-Equity is 13.54. Sun Life Financial's value of 19.99% is 47.6% above this industry median. Based on the distribution chart, Sun Life Financial ranks #81 out of 497 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Sun Life Financial has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Life Financial's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Sun Life Financial ranks #81 out of 497 companies for Return-on-Tangible-Equity. This places Sun Life Financial in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.54. Sun Life Financial's value of 19.99% is 47.6% above this benchmark. Historically, Sun Life Financial's own Return-on-Tangible-Equity has ranged from 15.81 to 34.71 over the past decade. While the company's 10-year median is 23.21 vs. the industry median of 13.54, Sun Life Financial has consistently been above 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-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.54, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 19.99% is 47.6% above 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sun Life Financial and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.54 — 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-Equity is 19.99%, which is 14% below median its own 10-year median of 23.21. 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 ₱3,546.89, compared to a current price of ₱4,504.00 — trading 27% above its estimated fair value. The current Return-on-Tangible-Equity is 19.99%, which is 14% below median its 10-year median of 23.21 and 47.6% above the Insurance industry median of 13.54. Sun Life Financial's overall GF Score™ is 75/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Sun Life Financial (PHS:SLF), the current Return-on-Tangible-Equity is 19.99% 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 ₱4,504.00 is trading 27% above its estimated GF Value™ of ₱3,546.89.
GuruFocus considers Sun Life Financial to be Modestly Overvalued.
Key valuation signals for PHS:SLF:
Return-on-Tangible-Equity: 19.99% (14% below median its 10-year median of 23.21)
GF Value™: ₱3,546.89 vs. price of ₱4,504.00 (27% above fair value)
Industry Position: 47.6% above the Insurance median (#81 of 497)
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.
75GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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