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Friday, March 23, 2012

Stocks with Strong Financial Metrics (TSE: SLF.TO)

Shares of SLF traded higher by 0.09% or $0.02/share to $23.49. Sun Life Financial Inc. is trading at a price to book ratio of 1.04. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The price to sales ratio came in at 0.61. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1736260 shares of SLF.TO exchange hands on a given day and today's volume is recorded at 844546. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.