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Sun Life Financial (LTS:0VJA) Cyclically Adjusted PS Ratio : 1.24 (As of May. 26, 2024)


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What is Sun Life Financial Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Sun Life Financial's current share price is C$69.14. Sun Life Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$55.65. Sun Life Financial's Cyclically Adjusted PS Ratio for today is 1.24.

The historical rank and industry rank for Sun Life Financial's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0VJA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.22   Max: 1.53
Current: 1.25

During the past years, Sun Life Financial's highest Cyclically Adjusted PS Ratio was 1.53. The lowest was 0.75. And the median was 1.22.

LTS:0VJA's Cyclically Adjusted PS Ratio is ranked worse than
59.09% of 396 companies
in the Insurance industry
Industry Median: 1.035 vs LTS:0VJA: 1.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Sun Life Financial's adjusted revenue per share data for the three months ended in Mar. 2024 was C$11.227. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is C$55.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Life Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sun Life Financial's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Sun Life Financial Cyclically Adjusted PS Ratio Chart

Sun Life Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.23 1.39 1.25 1.24

Sun Life Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.29 1.25 1.24 1.33

Competitive Comparison of Sun Life Financial's Cyclically Adjusted PS Ratio

For the Insurance - Diversified subindustry, Sun Life Financial's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sun Life Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's Cyclically Adjusted PS Ratio falls into.



Sun Life Financial Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Sun Life Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.14/55.65
=1.24

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sun Life Financial's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.227/126.2576*126.2576
=11.227

Current CPI (Mar. 2024) = 126.2576.

Sun Life Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.218 99.473 12.969
201409 9.069 99.394 11.520
201412 11.857 98.367 15.219
201503 11.845 99.789 14.987
201506 2.722 100.500 3.420
201509 7.606 100.421 9.563
201512 9.008 99.947 11.379
201603 14.210 101.054 17.754
201606 15.401 102.002 19.063
201609 12.750 101.765 15.819
201612 3.822 101.449 4.757
201703 11.323 102.634 13.929
201706 13.121 103.029 16.079
201709 8.974 103.345 10.964
201712 13.994 103.345 17.097
201803 9.745 105.004 11.717
201806 11.154 105.557 13.341
201809 9.817 105.636 11.733
201812 13.521 105.399 16.197
201903 18.924 106.979 22.334
201906 16.967 107.690 19.892
201909 16.161 107.611 18.961
201912 14.502 107.769 16.990
202003 10.929 107.927 12.785
202006 25.783 108.401 30.030
202009 17.032 108.164 19.881
202012 19.778 108.559 23.002
202103 2.566 110.298 2.937
202106 21.473 111.720 24.267
202109 14.448 112.905 16.157
202112 22.029 113.774 24.446
202203 9.797 117.646 10.514
202206 -11.148 120.806 -11.651
202209 4.621 120.648 4.836
202212 0.591 120.964 0.617
202303 19.407 122.702 19.969
202306 9.451 124.203 9.607
202309 0.258 125.230 0.260
202312 31.776 125.072 32.077
202403 11.227 126.258 11.227

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Sun Life Financial  (LTS:0VJA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Sun Life Financial Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Sun Life Financial's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun Life Financial (LTS:0VJA) Business Description

Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.

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