P/E ratio for Sun Life Financial (SLF)
P/E ratio as of June 2024 (TTM): 13.5
According to Sun Life Financial 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.5018. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for Sun Life Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | 13.03% |
| 2021 | 10.5 | -27.54% |
| 2020 | 14.5 | 6.11% |
| 2019 | 13.6 | 30.17% |
| 2018 | 10.5 | -30.84% |
| 2017 | 15.1 | 21.28% |
| 2016 | 12.5 | 9.94% |
| 2015 | 11.3 | -18.31% |
| 2014 | 13.9 | -41.65% |
| 2013 | 23.8 | 136.48% |
| 2012 | 10.1 | -128.49% |
| 2011 | -35.3 | -386.27% |
| 2010 | 12.3 | -62.15% |
| 2009 | 32.6 | 90.32% |
| 2008 | 17.1 | 14.54% |
| 2007 | 15.0 | 11.87% |
| 2006 | 13.4 | -12.1% |
| 2005 | 15.2 | 0.08% |
| 2004 | 15.2 | -3.03% |
| 2003 | 15.7 | -54.85% |
| 2002 | 34.7 | 120.9% |
| 2001 | 15.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Manulife Financial MFC | 12.1 | -10.22% | 🇨🇦 Canada |
 Prudential PUK | N/A | N/A | 🇬🇧 UK |
 Voya Financial
VOYA | 11.5 | -15.11% | 🇺🇸 USA |
 AEGON
AEG | -7.59 | -156.19% | 🇳🇱 Netherlands |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.