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Australian (ASX) Commercial Services Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies20
  • 7D1.9%
  • 3M-2.9%
  • 1Y17.3%
  • YTD0.3%

The Commercial Services industry is up 1.9% in the last week, with Brambles up 5.0%. In the same time, Downer EDI was down 6.2%. In the last 12 months, the industry was up 17%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026AU$45.7bAU$26.8bAU$1.5b35.7x30.2x1.7x
Wed, 07 Jan 2026AU$44.7bAU$27.2bAU$1.6b36.3x28.5x1.6x
Fri, 05 Dec 2025AU$46.5bAU$27.4bAU$1.6b37x29.3x1.7x
Sun, 02 Nov 2025AU$48.7bAU$27.6bAU$1.6b34x30.5x1.8x
Tue, 30 Sep 2025AU$48.7bAU$27.6bAU$1.6b34.5x30.5x1.8x
Thu, 28 Aug 2025AU$49.9bAU$27.7bAU$1.6b27.7x30.6x1.8x
Sat, 26 Jul 2025AU$45.6bAU$27.5bAU$1.5b25.3x30.1x1.7x
Mon, 23 Jun 2025AU$46.5bAU$27.6bAU$1.5b22.7x30.2x1.7x
Wed, 21 May 2025AU$43.2bAU$27.7bAU$1.5b23.6x27.9x1.6x
Fri, 18 Apr 2025AU$41.6bAU$29.0bAU$1.6b18x25.3x1.4x
Sun, 16 Mar 2025AU$41.0bAU$29.1bAU$1.7b17.7x24.8x1.4x
Tue, 11 Feb 2025AU$40.4bAU$29.2bAU$1.6b23.1x24.8x1.4x
Thu, 09 Jan 2025AU$41.1bAU$29.3bAU$1.6b21.8x25x1.4x
Sat, 07 Dec 2024AU$41.4bAU$28.9bAU$1.6b23.1x25.8x1.4x
Mon, 04 Nov 2024AU$39.3bAU$29.0bAU$1.6b21.6x24.5x1.4x
Wed, 02 Oct 2024AU$40.0bAU$28.6bAU$1.6b21x25.8x1.4x
Fri, 30 Aug 2024AU$38.0bAU$29.1bAU$1.1b12.9x34.5x1.3x
Sun, 28 Jul 2024AU$34.1bAU$28.8bAU$762.6m16.6x44.7x1.2x
Tue, 25 Jun 2024AU$33.5bAU$28.7bAU$744.3m17x45x1.2x
Thu, 23 May 2024AU$33.8bAU$28.7bAU$732.0m17.1x46.2x1.2x
Sat, 20 Apr 2024AU$35.1bAU$29.4bAU$759.5m18.2x46.2x1.2x
Mon, 18 Mar 2024AU$34.4bAU$29.2bAU$733.4m19.7x46.9x1.2x
Wed, 14 Feb 2024AU$34.0bAU$28.6bAU$585.6m23.6x58x1.2x
Fri, 12 Jan 2024AU$32.2bAU$28.7bAU$487.0m23.5x66.1x1.1x
Sun, 10 Dec 2023AU$31.1bAU$28.9bAU$504.4m23x61.6x1.1x
Tue, 07 Nov 2023AU$30.7bAU$29.0bAU$517.9m18.7x59.3x1.1x
Thu, 05 Oct 2023AU$32.0bAU$29.3bAU$545.7m19.4x58.7x1.1x
Sat, 02 Sep 2023AU$33.9bAU$29.0bAU$539.0m20.8x62.9x1.2x
Mon, 31 Jul 2023AU$32.4bAU$27.4bAU$991.6m26.9x32.7x1.2x
Wed, 28 Jun 2023AU$31.2bAU$27.3bAU$986.1m26x31.7x1.1x
Fri, 26 May 2023AU$31.6bAU$27.5bAU$1.0b23x31.4x1.1x
Sun, 23 Apr 2023AU$30.7bAU$27.3bAU$987.3m26.2x31.1x1.1x
Tue, 21 Mar 2023AU$28.9bAU$27.3bAU$986.9m21.1x29.3x1.1x
Thu, 16 Feb 2023AU$28.9bAU$25.8bAU$871.1m27.7x33.2x1.1x
Price to Earnings Ratio

33.2x


Total Market Cap: AU$28.9bTotal Earnings: AU$871.1mTotal Revenue: AU$25.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Commercial Services Industry Price to Earnings3Y Average 37.5x202420252026
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 30.2x which is lower than its 3-year average PE of 37.5x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 20% 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-3.12%
Commercial Services1.95%
Diversified Support Services2.77%
Office Services and Supplies0%0
Environmental and Facilities Services-2.70%
Security and Alarm Services-4.11%
Commercial Printing-13.64%
Industry PE
  • Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 13.3x.
    • 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 85% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 10% 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
BXB BramblesAU$23.163.1%
+AU$950.6m		19.8%PE25.5x
AMA AMA GroupAU$0.740.7%
+AU$4.5m		39.6%PS0.4x
AVD AVADA GroupAU$0.1330.0%
+AU$2.5m		-72.9%PS0.06x
CNQ Clean TeQ WaterAU$0.375.7%
+AU$1.8m		42.3%PS2.8x

Latest News

AMA
AU$0.74
AMA Group
7D
0.7%
1Y
39.6%

AMA: Stable Assumptions Will Continue To Support Bullish Undervaluation

Analysts have held their price target on AMA Group steady at A$1.24 per share, reflecting only minor tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E that effectively leave their overall valuation view unchanged. Valuation Changes Fair Value: Modelled fair value per share remains effectively unchanged at A$1.24.
DOW
AU$7.88
Downer EDI
7D
-1.6%
1Y
40.7%

DOW: Future Contract Execution Risks Will Likely Restrain Upside Potential

Analysts have lifted their fair value estimate for Downer EDI from A$5.40 to A$6.70, with the higher target linked to updated assumptions around revenue growth, profit margins, discount rate and future P/E, as well as a recent constructive initiation of coverage from the Street. Analyst Commentary While some research has highlighted a constructive view on Downer EDI, bearish analysts are still flagging several areas of concern that they believe could cap upside for the shares and restrain valuation multiples.
IFN
AU$0.60
Infragreen Group
7D
-17.2%
1Y
n/a
BXB
AU$23.16
Brambles
7D
3.1%
1Y
19.8%

BXB: Refined Assumptions Will Support A Steady Fairly Valued Medium-Term Outlook

Analysts have trimmed their price target for Brambles to A$24.14 from A$24.78, reflecting small adjustments to assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair value estimate reduced slightly from A$24.78 to A$24.14 per share.
MAD
AU$8.21
Mader Group
7D
-2.3%
1Y
33.5%

MAD: Future P/E And Margins Will Support A Fairly Valued Outlook

Analysts have modestly adjusted their price target for Mader Group to A$8.29, reflecting updated assumptions for revenue growth, profit margins and future P/E. These changes fine tune their outlook rather than signal a major shift in view.
CWY
AU$2.41
Cleanaway Waste Management
7D
-2.0%
1Y
-9.4%
IMB
AU$0.66
Intelligent Monitoring Group
7D
-2.2%
1Y
25.7%
ECT
AU$0.12
Environmental Clean Technologies
7D
-14.8%
1Y
206.7%
SSH
AU$0.18
SSH Group
7D
-10.0%
1Y
80.0%
CNQ
AU$0.37
Clean TeQ Water
7D
5.7%
1Y
42.3%
AVD
AU$0.13
AVADA Group
7D
30.0%
1Y
-72.9%
SUG
AU$0.91
Sugar Terminals
7D
-2.2%
1Y
-13.7%