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Sun Life Valuation Multiples
Discover revenue and EBITDA valuation multiples for Sun Life and similar public comparables like State Street, Arch Capital Group, Cathay Financial Holdings, Fairfax Financial and more.
Sun Life Overview
About Sun Life
Sun Life Financial is one of the Big Three Canadian life insurers. The Canadian business contributed around 38% of adjusted earnings. In that segment, the firm provides health, life insurance, and annuity products to individual and group customers. Its US business is mostly group health and contributed about 20% of the firm's adjusted earnings in 2024. Sun Life also offers life insurance and wealth products in several Asian markets with a strong presence in Hong Kong and the Philippines. The Asia segment contributed around 18% of adjusted 2024 earnings. Its asset management business had around CAD 1.1 trillion total assets under management or administration at the end of 2024 and represents around 34% of the firm's earnings.
Founded
1999
HQ
Employees
32.2K
Website
Financials (LTM)
EV
$46B
Sun Life Financials
Sun Life reported last 12-month revenue of $4B and EBITDA of $4B.
In the same LTM period, Sun Life generated $4B in EBITDA and $3B in net income.
Revenue (LTM)
Sun Life P&L
In the most recent fiscal year, Sun Life reported revenue of $28B and EBITDA of $4B.
Sun Life expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $28B | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 95% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 95% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 64% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Sun Life Stock Performance
Sun Life has current market cap of $36B, and enterprise value of $46B.
Market Cap Evolution
Sun Life's stock price is $65.23.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $46B | $36B | (0.2%) | XXX | XXX | XXX | $4.95 |
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Start Free TrialSun Life Valuation Multiples
Sun Life trades at 11.1x EV/Revenue multiple, and 11.6x EV/EBITDA.
EV / Revenue (LTM)
Sun Life Financial Valuation Multiples
As of March 7, 2026, Sun Life has market cap of $36B and EV of $46B.
Equity research analysts estimate Sun Life's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Sun Life has a P/E ratio of 13.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $36B | XXX | $36B | XXX | XXX | XXX |
| EV (current) | $46B | XXX | $46B | XXX | XXX | XXX |
| EV/Revenue | 11.1x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 11.7x | XXX | XXX | XXX |
| EV/EBIT | 11.6x | XXX | 11.7x | XXX | XXX | XXX |
| P/E | 13.6x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 23.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sun Life Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Sun Life Margins & Growth Rates
Sun Life's revenue in the last 12 month grew by 71%.
Sun Life's revenue per employee in the last FY averaged $0.1M.
Sun Life's rule of 40 is 166% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sun Life's rule of X is 272% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Sun Life Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 71% | XXX | (75%) | XXX | XXX | XXX |
| EBITDA Margin | 95% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 166% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 272% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sun Life Public Comps
See public comps and valuation multiples for other Asset Management and Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| State Street | XXX | XXX | XXX | XXX | XXX | XXX |
| Arch Capital Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cathay Financial Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Fairfax Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| EQT | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sun Life M&A Activity
Sun Life acquired XXX companies to date.
Last acquisition by Sun Life was on XXXXXXXX, XXXXX. Sun Life acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Sun Life
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSun Life Investment Activity
Sun Life invested in XXX companies to date.
Sun Life made its latest investment on XXXXXXXX, XXXXX. Sun Life invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Sun Life
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Sun Life
| When was Sun Life founded? | Sun Life was founded in 1999. |
| Where is Sun Life headquartered? | Sun Life is headquartered in Canada. |
| How many employees does Sun Life have? | As of today, Sun Life has over 32K employees. |
| Who is the CEO of Sun Life? | Sun Life's CEO is Kevin D. Strain. |
| Is Sun Life publicly listed? | Yes, Sun Life is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Sun Life? | Sun Life trades under SLF ticker. |
| When did Sun Life go public? | Sun Life went public in 2000. |
| Who are competitors of Sun Life? | Sun Life main competitors are State Street, Arch Capital Group, Cathay Financial Holdings, Fairfax Financial. |
| What is the current market cap of Sun Life? | Sun Life's current market cap is $36B. |
| What is the current revenue of Sun Life? | Sun Life's last 12 months revenue is $4B. |
| What is the current revenue growth of Sun Life? | Sun Life revenue growth (NTM/LTM) is 71%. |
| What is the current EV/Revenue multiple of Sun Life? | Current revenue multiple of Sun Life is 11.1x. |
| Is Sun Life profitable? | Yes, Sun Life is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Sun Life? | Sun Life's last 12 months EBITDA is $4B. |
| What is Sun Life's EBITDA margin? | Sun Life's last 12 months EBITDA margin is 95%. |
| What is the current EV/EBITDA multiple of Sun Life? | Current EBITDA multiple of Sun Life is 11.6x. |
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