Narrative Update • May 25
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Australian (ASX) Commercial Services Industry Analysis
UpdatedMay 28, 2026
DataAggregated Company Financials
Companies20
- 7D4.2%
- 3M-24.6%
- 1Y-17.3%
- YTD-19.5%
In the last week, the Commercial Services industry is up 4.2%, with Downer EDI up 4.7%. However, the industry is down 17% over the past year. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Australian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | AU$36.4b | AU$27.0b | AU$1.6b | 31.6x | 23.4x | 1.4x |
| Sat, 25 Apr 2026 | AU$42.9b | AU$27.0b | AU$1.6b | 29.5x | 27.6x | 1.6x |
| Mon, 23 Mar 2026 | AU$43.4b | AU$27.1b | AU$1.6b | 28.9x | 27.5x | 1.6x |
| Wed, 18 Feb 2026 | AU$46.1b | AU$26.8b | AU$1.5b | 37.2x | 30.6x | 1.7x |
| Fri, 16 Jan 2026 | AU$46.0b | AU$27.3b | AU$1.6b | 37.5x | 29.3x | 1.7x |
| Sun, 14 Dec 2025 | AU$45.9b | AU$27.3b | AU$1.6b | 35.2x | 29x | 1.7x |
| Tue, 11 Nov 2025 | AU$47.3b | AU$27.6b | AU$1.6b | 33.8x | 29.6x | 1.7x |
| Thu, 09 Oct 2025 | AU$49.2b | AU$27.5b | AU$1.6b | 35x | 30.9x | 1.8x |
| Sat, 06 Sep 2025 | AU$51.0b | AU$27.6b | AU$1.6b | 33.7x | 31.9x | 1.9x |
| Mon, 04 Aug 2025 | AU$46.4b | AU$27.6b | AU$1.5b | 25.5x | 30.2x | 1.7x |
| Wed, 02 Jul 2025 | AU$45.3b | AU$27.5b | AU$1.5b | 25.5x | 29.7x | 1.6x |
| Fri, 30 May 2025 | AU$44.5b | AU$27.6b | AU$1.5b | 23.3x | 28.9x | 1.6x |
| Sun, 27 Apr 2025 | AU$42.2b | AU$28.9b | AU$1.6b | 18.4x | 25.8x | 1.5x |
| Tue, 25 Mar 2025 | AU$41.2b | AU$29.1b | AU$1.7b | 17.6x | 24.9x | 1.4x |
| Thu, 20 Feb 2025 | AU$40.4b | AU$28.8b | AU$1.6b | 21.7x | 25.1x | 1.4x |
| Sat, 18 Jan 2025 | AU$40.0b | AU$29.3b | AU$1.6b | 20.8x | 24.3x | 1.4x |
| Mon, 16 Dec 2024 | AU$40.4b | AU$29.0b | AU$1.6b | 23.2x | 25x | 1.4x |
| Wed, 13 Nov 2024 | AU$40.8b | AU$29.0b | AU$1.6b | 22.5x | 25.4x | 1.4x |
| Fri, 11 Oct 2024 | AU$40.6b | AU$28.8b | AU$1.6b | 21.4x | 25.7x | 1.4x |
| Sun, 08 Sep 2024 | AU$39.8b | AU$28.8b | AU$1.6b | 20.4x | 25.3x | 1.4x |
| Tue, 06 Aug 2024 | AU$33.1b | AU$29.0b | AU$788.2m | 15.9x | 41.9x | 1.1x |
| Thu, 04 Jul 2024 | AU$32.3b | AU$28.6b | AU$743.5m | 16.2x | 43.4x | 1.1x |
| Sat, 01 Jun 2024 | AU$33.5b | AU$28.7b | AU$736.9m | 18.4x | 45.5x | 1.2x |
| Mon, 29 Apr 2024 | AU$33.2b | AU$29.2b | AU$740.8m | 18.4x | 44.9x | 1.1x |
| Wed, 27 Mar 2024 | AU$35.3b | AU$29.2b | AU$734.7m | 20.1x | 48x | 1.2x |
| Fri, 23 Feb 2024 | AU$34.9b | AU$28.6b | AU$625.6m | 21.6x | 55.8x | 1.2x |
| Sun, 21 Jan 2024 | AU$32.6b | AU$28.9b | AU$501.4m | 24x | 65x | 1.1x |
| Tue, 19 Dec 2023 | AU$31.5b | AU$28.7b | AU$487.3m | 23x | 64.6x | 1.1x |
| Thu, 16 Nov 2023 | AU$31.1b | AU$29.0b | AU$514.8m | 18.8x | 60.5x | 1.1x |
| Sat, 14 Oct 2023 | AU$31.9b | AU$29.3b | AU$549.0m | 19.3x | 58.1x | 1.1x |
| Mon, 11 Sep 2023 | AU$33.9b | AU$29.2b | AU$538.6m | 21.5x | 62.9x | 1.2x |
| Wed, 09 Aug 2023 | AU$32.6b | AU$27.6b | AU$1.0b | 26.3x | 32.2x | 1.2x |
| Fri, 07 Jul 2023 | AU$32.1b | AU$27.4b | AU$996.3m | 26.6x | 32.2x | 1.2x |
| Sun, 04 Jun 2023 | AU$30.4b | AU$27.4b | AU$995.1m | 22.7x | 30.6x | 1.1x |
Price to Earnings Ratio
30.6x
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 23.4x which is lower than its 3-year average PE of 37.3x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
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 Market | 2.49% | |
| Industrials | 3.42% | |
| Commercial Services | 4.22% | |
| Environmental and Facilities Services | 6.23% | |
| Security and Alarm Services | 4.58% | |
| Diversified Support Services | 3.85% | |
| Commercial Printing | 0% | 0 |
| Office Services and Supplies | 0% | 0 |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 66.3x.
- 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 9.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DOW Downer EDI | AU$8.00 | 4.7% +AU$236.6m | 31.1% | PE35.4x | |
| CWY Cleanaway Waste Management | AU$2.28 | 3.6% +AU$179.3m | -16.8% | PE42.3x | |
| MAD Mader Group | AU$8.36 | 2.0% +AU$32.6m | 38.6% | PE27.6x | |
| IFN Infragreen Group | AU$0.48 | 26.3% +AU$22.0m | n/a | PS422.2x | |
| ECT Environmental Clean Technologies | AU$0.13 | 13.6% +AU$6.2m | 316.7% | PB2.4x |
