Sun Life Financial Inc. (SLF) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Sun Life Financial Inc.

Market cap $45B · 52 weeks $58 – $84 (3 % below the high) · P/E 19.0× · 2027 expected P/E 18.5× · Dividend 3.3 % · Next earnings November 4, 2026 · expected EPS $1.45 · Closing price, Oct 28 · accounts published Aug 6.

• Valuation: P/B 2.3× (expensive).
• Business: 5-year op. margin 31.0 % (excellent).
• Balance sheet: Debt/Equity 0.34 (fragile).
• Earnings: 7 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 13,9 % (1.5×) $52 (-36 %); at its peers' median (1.2×) $41 (-50 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 1 of 5 pass

• Book Value / Share growth 0.1 %, fails.
• Debt / Equity 0.34, fails.
• P/B (Price / Book) 2.3×, fails.
• Dividend growth streak 2 años, fails.
• Op Margin 5y (Combined Ratio proxy) 31.0 %, passes.

Against its peers (reference peers) — Sun Life Financial Inc.: P/E 19.0×; P/B 2.4×; ROE 13.9 %; $45.0B. Prudential Financial, Inc. (P/E 10.4×; P/B 1.2×; ROE 12.0 %; $39.8B), MetLife, Inc. (P/E 19.1×; P/B 2.4×; ROE 12.9 %; $63.3B), American International Group, Inc. (P/E 14.6×; P/B 1.1×; ROE 7.3 %; $42.4B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 2.4× · median 1.1× · minimum 0.6× · maximum 2.4× · cheap below 1.1× · expensive above 1.3×. It has been cheaper than today 98% of the time over its last ten fiscal years.

Dividend

tight (only raised recently) · Yield 3.3 % ($2.56 per ADS in 2025) · Years raising it 2 · 5-year growth +15 % a year · Free cash flow coverage payout 55 % · With $1,000 invested today you'd collect $33.40 a year ($2.78 a month).