Sun Life Financial Inc. (SLF) Financial Ratios
28 years of historical data (1998–2025) · Financial Services · Insurance - Diversified
EV/EBITDA
↑
12.65
↑+64% vs avg
5yr avg: 7.73
30Y Low4.9·High33.8
P/FCF
↓
4.04
↓-34% vs avg
5yr avg: 6.11
30Y Low2.3·High50.2
P/B Ratio
↑
2.23
↑+76% vs avg
5yr avg: 1.27
30Y Low0.5·High1.8
ROE
↓
14.5%
↓+5% vs avg
5yr avg: 13.9%
30Y Low-1%·High18%
Debt/EBITDA
↑
4.14
↑+25% vs avg
5yr avg: 3.31
30Y Low0.5·High38.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SLF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sun Life Financial Inc. trades at 16.1x earnings, 64% above its 5-year average of 9.8x, sitting at the 84th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 21%. On a free-cash-flow basis, the stock trades at 4.0x P/FCF, 34% below the 5-year average of 6.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $40.4B | $35.7B | $34.5B | $30.5B | $27.3B | $32.9B | $26.2B | $27.2B | $20.3B | $25.4B | $23.8B |
| Enterprise Value | $49.5B | $48.1B | $41.2B | $34.8B | $33.5B | $30.8B | $24.3B | $29.5B | $19.7B | $21.3B | $24.7B |
| P/E Ratio → | 16.13 | 10.15 | 11.26 | 9.90 | 9.49 | 8.34 | 10.90 | 10.38 | 6.96 | 11.82 | 9.53 |
| P/S Ratio | 1.30 | 0.85 | 1.00 | 0.84 | 7.97 | 0.92 | 0.60 | 0.69 | 0.75 | 0.87 | 0.83 |
| P/B Ratio | 2.23 | 1.40 | 1.32 | 1.26 | 1.19 | 1.17 | 1.01 | 1.11 | 0.83 | 1.11 | 1.06 |
| P/FCF | 4.04 | 2.63 | 14.43 | 3.97 | 3.42 | — | 2.71 | 11.53 | 5.41 | 14.10 | 6.72 |
| P/OCF | 4.00 | 2.60 | 13.62 | 3.91 | 6.34 | — | 2.68 | 11.00 | 5.29 | 12.81 | 6.48 |
P/E links to full P/E history page with 30-year chart
SLF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sun Life Financial Inc.'s enterprise value stands at 12.7x EBITDA, 64% above its 5-year average of 7.7x. The Financial Services sector median is 11.4x, placing the stock at a 11% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 1.20 | 0.96 | 9.77 | 0.86 | 0.56 | 0.74 | 0.73 | 0.72 | 0.86 |
| EV / EBITDA | 12.65 | 9.04 | 8.24 | 7.76 | 8.07 | 5.56 | 6.59 | 8.18 | 5.27 | 7.09 | 6.77 |
| EV / EBIT | 14.04 | 9.04 | 8.24 | 7.76 | 8.23 | 5.68 | 6.68 | 8.28 | 5.16 | 6.87 | 6.57 |
| EV / FCF | — | 3.54 | 17.25 | 4.52 | 4.19 | — | 2.52 | 12.51 | 5.25 | 11.79 | 6.99 |
SLF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sun Life Financial Inc. earns an operating margin of 11.4%, below the Financial Services sector average of 21.2%. ROE of 14.5% is modest. ROIC of 10.2% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 14.0% | 11.9% | 118.7% | 41.2% | 28.5% | 28.2% | 40.3% | 35.1% | 36.5% |
| Operating Margin | 11.4% | 11.4% | 12.6% | 10.8% | 105.7% | 14.3% | 7.6% | 8.1% | 13.0% | 9.5% | 12.1% |
| Net Profit Margin | 8.9% | 8.9% | 9.2% | 9.2% | 88.2% | 12.2% | 6.4% | 7.4% | 10.8% | 8.5% | 9.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.5% | 14.5% | 12.6% | 14.2% | 11.9% | 16.2% | 11.0% | 12.0% | 12.3% | 11.0% | 12.9% |
| ROA | 1.0% | 1.0% | 0.9% | 1.0% | 0.9% | 1.3% | 0.9% | 1.0% | 1.1% | 0.9% | 1.1% |
| ROIC | 10.2% | 10.2% | 10.6% | 10.3% | 9.9% | 15.3% | 9.7% | 9.5% | 12.3% | 9.9% | 12.8% |
| ROCE | 1.2% | 1.2% | 1.2% | 1.2% | 1.1% | 1.5% | 1.1% | 1.1% | 1.3% | 1.1% | 1.4% |
SLF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sun Life Financial Inc. carries a Debt/EBITDA ratio of 4.1x, which is highly leveraged (roughly in line with the sector average of 4.1x). Net debt stands at $12.4B ($22.0B total debt minus $9.7B cash). Interest coverage of 10.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.65 | 0.64 | 0.68 | 0.36 | 0.34 | 0.37 | 0.27 | 0.21 | 0.34 |
| Debt / EBITDA | 4.14 | 4.14 | 3.37 | 3.44 | 3.74 | 1.84 | 2.38 | 2.50 | 1.79 | 1.58 | 2.09 |
| Net Debt / Equity | — | 0.49 | 0.26 | 0.17 | 0.27 | -0.07 | -0.07 | 0.10 | -0.02 | -0.18 | 0.04 |
| Net Debt / EBITDA | 2.32 | 2.32 | 1.35 | 0.94 | 1.49 | -0.37 | -0.50 | 0.65 | -0.16 | -1.39 | 0.26 |
| Debt / FCF | — | 0.91 | 2.82 | 0.55 | 0.77 | — | -0.19 | 0.99 | -0.16 | -2.31 | 0.26 |
| Interest Coverage | 10.12 | 10.12 | 7.53 | 8.12 | 12.40 | 16.59 | 10.26 | 10.71 | 12.51 | 10.20 | 11.90 |
SLF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | 5.96 | — | — | 5.36 | 5.20 | 3.91 |
| Quick Ratio | — | — | — | — | — | 5.96 | — | — | 11.34 | 10.96 | 8.21 |
| Cash Ratio | — | — | — | — | — | 5.03 | — | — | 4.42 | 4.21 | 2.95 |
| Asset Turnover | — | 0.11 | 0.09 | 0.11 | 0.01 | 0.10 | 0.13 | 0.13 | 0.10 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SLF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sun Life Financial Inc. returns 6.7% to shareholders annually — split between a 3.6% dividend yield and 3.1% buyback yield. A payout ratio of 55.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 5.8% | 5.7% | 4.6% | 6.1% | 4.3% | 4.1% | 4.8% | 6.1% | 4.5% | 4.5% |
| Payout Ratio | 55.1% | 55.1% | 61.9% | 42.5% | 55.3% | 32.7% | 38.4% | 44.8% | 42.1% | 46.4% | 38.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 9.9% | 8.9% | 10.1% | 10.5% | 12.0% | 9.2% | 9.6% | 14.4% | 8.5% | 10.5% |
| FCF Yield | 24.8% | 38.1% | 6.9% | 25.2% | 29.3% | — | 36.9% | 8.7% | 18.5% | 7.1% | 14.9% |
| Buyback Yield | 3.1% | 4.8% | 2.5% | 0.5% | 0.0% | 0.0% | 0.6% | 2.2% | 3.2% | 0.7% | 4.0% |
| Total Shareholder Yield | 6.7% | 10.5% | 8.2% | 5.1% | 6.1% | 4.3% | 4.7% | 7.0% | 9.2% | 5.2% | 8.5% |
| Shares Outstanding | — | $573M | $581M | $589M | $589M | $590M | $589M | $597M | $611M | $616M | $619M |
Peer Comparison
Compare SLF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SLFYou | $40B | 16.1 | 12.7 | 4.0 | 100.0% | 11.4% | 14.5% | 10.2% | 4.1 |
 MFC | $67B | 17.7 | 11.4 | 2.8 | 100.0% | 11.6% | 11.0% | 11.5% | 1.8 |
 PRU | $35B | 9.8 | 7.8 | 5.6 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 MET | $52B | 16.7 | 8.8 | 2.9 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 LNC | $6B | 2.0 | 1.7 | — | 25.5% | 22.4% | 43.2% | 32.7% | 1.5 |
 UNM | $13B | 18.8 | 15.8 | 23.3 | 38.2% | 7.2% | 6.7% | 4.7% | 3.7 |
 PFG | $22B | 19.3 | 13.1 | 5.0 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 AFL | $58B | 16.6 | 11.0 | 22.9 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
 GL | $12B | 11.0 | 9.2 | 9.7 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $4B | 19.5 | 14.1 | 6.3 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 RGA | $14B | 20.0 | 15.4 | 1.5 | 11.3% | 4.4% | 7.1% | 6.3% | 4.9 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 28 years · Updated daily
Full SLF Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Side-by-side business, growth, and profitability comparison vs Manulife Financial Corporation.
Start ComparisonSLF — Frequently Asked Questions
Quick answers to the most common questions about buying SLF stock.
What is Sun Life Financial Inc.'s P/E ratio?
Sun Life Financial Inc.'s current P/E ratio is 16.1x. The historical average is 13.0x. This places it at the 84th percentile of its historical range.
What is Sun Life Financial Inc.'s EV/EBITDA?
Sun Life Financial Inc.'s current EV/EBITDA is 12.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
What is Sun Life Financial Inc.'s ROE?
Sun Life Financial Inc.'s return on equity (ROE) is 14.5%. The historical average is 9.8%.
Is SLF stock overvalued?
Based on historical data, Sun Life Financial Inc. is trading at a P/E of 16.1x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Sun Life Financial Inc.'s dividend yield?
Sun Life Financial Inc.'s current dividend yield is 3.63% with a payout ratio of 55.1%.
What are Sun Life Financial Inc.'s profit margins?
Sun Life Financial Inc. has 100.0% gross margin and 11.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Sun Life Financial Inc. have?
Sun Life Financial Inc.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.