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Australian (ASX) Commercial Services Industry Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.1%
  • 3M-4.3%
  • 1Y4.7%
  • YTD-4.3%

Over the last 7 days, the Commercial Services industry has dropped 1.1%, driven by a pullback from Brambles of 2.1%. This takes the industry's 12 month performance to a gain of 4.7%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Australian Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 May 2026AU$43.3bAU$26.8bAU$1.5b29.8x28.2x1.6x
Wed, 08 Apr 2026AU$44.3bAU$27.3bAU$1.6b30.7x27.8x1.6x
Fri, 06 Mar 2026AU$47.6bAU$27.1bAU$1.6b31.9x30.2x1.8x
Sun, 01 Feb 2026AU$44.8bAU$26.9bAU$1.5b38.2x29.4x1.7x
Tue, 30 Dec 2025AU$45.3bAU$27.3bAU$1.6b36x28.8x1.7x
Thu, 27 Nov 2025AU$47.3bAU$27.7bAU$1.6b35.8x29.4x1.7x
Sat, 25 Oct 2025AU$48.7bAU$27.7bAU$1.6b35.8x30.3x1.8x
Mon, 22 Sep 2025AU$48.4bAU$27.5bAU$1.6b33.8x30.5x1.8x
Wed, 20 Aug 2025AU$46.0bAU$27.6bAU$1.5b25.1x30.1x1.7x
Fri, 18 Jul 2025AU$46.1bAU$27.6bAU$1.5b25.3x30.1x1.7x
Sun, 15 Jun 2025AU$44.4bAU$27.6bAU$1.5b23.2x29.1x1.6x
Tue, 13 May 2025AU$42.3bAU$27.7bAU$1.6b22.7x27.2x1.5x
Thu, 10 Apr 2025AU$41.1bAU$29.6bAU$1.7b17.3x24x1.4x
Sat, 08 Mar 2025AU$41.6bAU$29.1bAU$1.7b17.9x25.1x1.4x
Mon, 03 Feb 2025AU$41.4bAU$29.3bAU$1.6b23.3x25.3x1.4x
Wed, 01 Jan 2025AU$40.2bAU$29.3bAU$1.6b21.2x24.4x1.4x
Fri, 29 Nov 2024AU$41.0bAU$29.1bAU$1.6b22.2x25.5x1.4x
Sun, 27 Oct 2024AU$39.3bAU$29.0bAU$1.6b21.4x24.6x1.4x
Tue, 24 Sep 2024AU$39.8bAU$28.7bAU$1.6b19.8x25.4x1.4x
Thu, 22 Aug 2024AU$37.2bAU$29.0bAU$968.3m17.2x38.4x1.3x
Sat, 20 Jul 2024AU$34.0bAU$28.6bAU$740.3m16.8x45.9x1.2x
Mon, 17 Jun 2024AU$33.5bAU$28.8bAU$743.1m17.6x45.1x1.2x
Wed, 15 May 2024AU$33.3bAU$28.8bAU$740.4m18.4x45x1.2x
Fri, 12 Apr 2024AU$35.7bAU$29.2bAU$739.5m20.4x48.3x1.2x
Sun, 10 Mar 2024AU$35.0bAU$29.1bAU$723.5m20.2x48.3x1.2x
Tue, 06 Feb 2024AU$33.6bAU$28.6bAU$588.5m20.7x57x1.2x
Thu, 04 Jan 2024AU$32.3bAU$28.7bAU$482.5m23.5x66.8x1.1x
Sat, 02 Dec 2023AU$31.4bAU$28.8bAU$498.7m23.5x62.9x1.1x
Mon, 30 Oct 2023AU$29.9bAU$29.3bAU$545.2m18x54.8x1x
Wed, 27 Sep 2023AU$32.3bAU$29.2bAU$533.9m19.9x60.5x1.1x
Fri, 25 Aug 2023AU$32.6bAU$28.5bAU$567.6m27.6x57.4x1.1x
Sun, 23 Jul 2023AU$32.4bAU$27.3bAU$981.4m27.5x33x1.2x
Tue, 20 Jun 2023AU$31.8bAU$27.1bAU$965.8m25.7x33x1.2x
Thu, 18 May 2023AU$31.6bAU$27.4bAU$993.5m23.6x31.8x1.2x
Price to Earnings Ratio

31.8x


Total Market Cap: AU$31.6bTotal Earnings: AU$993.5mTotal Revenue: AU$27.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Commercial Services Industry Price to Earnings3Y Average 37.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 28.2x which is lower than its 3-year average PE of 37.4x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 16% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market0.20%
Industrials1.24%
Commercial Services-1.12%
Security and Alarm Services2.11%
Office Services and Supplies0%0
Environmental and Facilities Services-0.44%
Diversified Support Services-1.24%
Commercial Printing-19.35%
Industry PE
  • Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 57.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Security and Alarm Services industry, expecting annual earnings growth of 110% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DOW Downer EDIAU$7.713.9%
+AU$190.9m		26.0%PE34.2x
AMA AMA GroupAU$0.607.1%
+AU$19.3m		-24.1%PS0.3x
IMB Intelligent Monitoring GroupAU$0.552.8%
+AU$6.2m		-5.2%PS1.2x
ECT Environmental Clean TechnologiesAU$0.134.0%
+AU$2.1m		333.3%PB2.5x
CNQ Clean TeQ WaterAU$0.405.3%
+AU$1.8m		95.1%PS2.1x

Latest News

CWY
AU$2.25
Cleanaway Waste Management
7D
-0.4%
1Y
-16.4%
SPZ
AU$0.85
Smart Parking
7D
-1.2%
1Y
-6.6%
Narrative Update • May 08

SPZ: Steady Assumptions And Higher P/E Will Support Future Upside

Analysts have kept Smart Parking's A$1.66 price target unchanged, indicating only minor tweaks in assumptions, including a slightly higher discount rate and small adjustments to long term revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: The A$1.66 fair value estimate is unchanged, indicating no shift in the overall valuation outcome.
AMA
AU$0.60
AMA Group
7D
7.1%
1Y
-24.1%
Narrative Update • May 04

AMA: Higher Margin Outlook Will Support Future Bullish Repricing

The analyst price target for AMA Group has been reset from A$1.13 to A$0.80. Analysts point to updated assumptions around revenue growth, profit margins, the discount rate and a lower future P/E multiple as the key drivers of this change.
DOW
AU$7.71
Downer EDI
7D
3.9%
1Y
26.0%
Narrative Update • May 03

DOW: Long Term Facilities Contract And Higher Margin Outlook Will Support Upside

Analysts have raised their price target for Downer EDI from A$8.85 to A$9.20, citing revised assumptions for revenue growth, profit margins and future P/E that they consider better aligned with the group’s current risk profile and discount rate. What's in the News Announced a long term Integrated Facilities Management partnership with Stockland Corporation, a contract valued at approximately A$500 million over an initial five year term starting August 1, 2026, with an option for a further five years.
IFN
AU$0.38
Infragreen Group
7D
-1.3%
1Y
n/a
MAD
AU$7.70
Mader Group
7D
-2.0%
1Y
19.9%
Analysis Article • Apr 30

With EPS Growth And More, Mader Group (ASX:MAD) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
PKD
AU$0.033
PARKD
7D
3.1%
1Y
13.8%
AEI
AU$0.042
Aeris Environmental
7D
5.0%
1Y
-23.6%
ECT
AU$0.13
Environmental Clean Technologies
7D
4.0%
1Y
333.3%
T3D
AU$0.025
333D
7D
-19.4%
1Y
257.1%
BXB
AU$22.45
Brambles
7D
-2.1%
1Y
6.4%
Narrative Update • Apr 05

BXB: Dividend Increase And Updated Guidance Will Support A Positive Outlook

Analysts have nudged their Brambles price target slightly higher to A$26.06 from A$25.84, reflecting updated assumptions around discount rate, modest revenue growth adjustments, stable profit margins and a slightly higher future P/E multiple. What's in the News Brambles declared an ordinary dividend of US$0.23 per share for the six months ended 31 December 2025, with an ex date of 11 March 2026, a record date of 12 March 2026 and a payment date of 9 April 2026 (company announcement).
SSH
AU$0.17
SSH Group
7D
-5.6%
1Y
25.9%
H2G
AU$0.01
H2G
7D
11.1%
1Y
-9.1%
IMB
AU$0.55
Intelligent Monitoring Group
7D
2.8%
1Y
-5.2%
CLG
AU$0.02
Close the Loop
7D
-9.1%
1Y
-72.2%
CNQ
AU$0.40
Clean TeQ Water
7D
5.3%
1Y
95.1%