# Sun Life Financial Inc. (SLF.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Insurance. Price C$112.09, market value C$62.4 billion.

## Valuation
- **P/E (trailing): 19.0×** (5-yr avg 12.1×, 3-yr avg 13.5×). Sun Life Financial Inc. trades at 19.0× trailing earnings, well above its own five-year average of 12.1×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.77**. A PEG of 0.77 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.5×**. Each dollar of revenue is priced at 1.5×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 10.4%** (5-yr avg 9.0%). Free cash flow equals 10.4% of the market value, in line with its five-year average of 9.0%. Above 5% is generally attractive.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Net margin: 9.7%**. 9.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.8%**. 14.8% on shareholders' equity is solid.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 11.5%** (3-yr 123.8%/yr, 5-yr -2.4%/yr). Revenue grew 11.5% over the last year, against -2.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 16.7%** (3-yr 7.9%/yr, 5-yr 8.6%/yr). Earnings per share rose 16.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -30.8%/yr**. Free cash flow has compounded at -30.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: C$29.5 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.35%** (C$3.68 per share, trailing). Sun Life Financial Inc. yields 3.35%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 55%** (33% of free cash flow). 55% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 9.9%/yr** (1-yr 8.6%). The dividend has grown 9.9% a year over five years.
- **Shareholder yield: 4.7%**. Dividends plus net buybacks return 4.7% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (13 analysts). 13 analysts cover Sun Life Financial Inc.; the consensus is buy, with an average price target of C$113.92 (+2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 44.6%** (YTD 33.5%, 3-mo 9.0%). The shares are up 44.6% over twelve months including dividends.
- **From 52-week high: -5.8%** (40.1% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.31** (volatility 18%). Beta of 0.31 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SLF.TO · Page: https://foliofundamentals.com/stocks/slf.to

Not investment advice.