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Australian (ASX) Commercial Services Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.3%
  • 3M-4.5%
  • 1Y10.4%
  • YTD-4.2%

Over the last 7 days, the Commercial Services industry has dropped 3.3%, driven by Brambles declining 1.1%. Over the past 12 months, the industry was up 10%. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026AU$43.5bAU$27.0bAU$1.6b28.7x27.8x1.6x
Fri, 13 Feb 2026AU$45.3bAU$26.7bAU$1.5b36.7x30.4x1.7x
Sun, 11 Jan 2026AU$45.3bAU$27.3bAU$1.6b37.6x28.8x1.7x
Tue, 09 Dec 2025AU$45.9bAU$27.4bAU$1.6b36.9x29x1.7x
Thu, 06 Nov 2025AU$46.9bAU$27.7bAU$1.6b33.3x29.1x1.7x
Sat, 04 Oct 2025AU$49.2bAU$27.5bAU$1.6b35.6x31x1.8x
Mon, 01 Sep 2025AU$50.2bAU$27.6bAU$1.6b34.4x31.4x1.8x
Wed, 30 Jul 2025AU$45.9bAU$27.5bAU$1.5b25.3x30.1x1.7x
Fri, 27 Jun 2025AU$44.8bAU$27.5bAU$1.5b25.2x29.5x1.6x
Sun, 25 May 2025AU$43.1bAU$27.6bAU$1.5b23.1x28.2x1.6x
Tue, 22 Apr 2025AU$41.7bAU$28.9bAU$1.6b18.1x25.5x1.4x
Thu, 20 Mar 2025AU$40.7bAU$29.0bAU$1.6b17.6x24.7x1.4x
Sat, 15 Feb 2025AU$40.2bAU$28.7bAU$1.6b21.7x24.9x1.4x
Mon, 13 Jan 2025AU$40.5bAU$29.4bAU$1.7b21.2x24.4x1.4x
Wed, 11 Dec 2024AU$41.1bAU$29.0bAU$1.6b21.5x25.5x1.4x
Fri, 08 Nov 2024AU$40.3bAU$28.9bAU$1.6b22.4x25.4x1.4x
Sun, 06 Oct 2024AU$39.8bAU$28.7bAU$1.6b20.8x25.4x1.4x
Tue, 03 Sep 2024AU$39.4bAU$28.8bAU$1.6b20.2x25.1x1.4x
Thu, 01 Aug 2024AU$35.0bAU$28.9bAU$780.7m16.9x44.9x1.2x
Sat, 29 Jun 2024AU$33.8bAU$28.7bAU$743.5m17.3x45.5x1.2x
Mon, 27 May 2024AU$33.8bAU$28.7bAU$737.4m17.1x45.8x1.2x
Wed, 24 Apr 2024AU$34.7bAU$29.3bAU$754.7m18.2x46x1.2x
Fri, 22 Mar 2024AU$34.9bAU$29.1bAU$727.3m20x48x1.2x
Sun, 18 Feb 2024AU$34.9bAU$28.5bAU$611.8m23.6x57.1x1.2x
Tue, 16 Jan 2024AU$32.2bAU$28.8bAU$492.0m23.8x65.5x1.1x
Thu, 14 Dec 2023AU$31.3bAU$28.9bAU$507.8m23x61.5x1.1x
Sat, 11 Nov 2023AU$31.3bAU$29.2bAU$542.5m18.6x57.7x1.1x
Mon, 09 Oct 2023AU$31.5bAU$29.2bAU$536.6m19.5x58.8x1.1x
Wed, 06 Sep 2023AU$34.1bAU$29.2bAU$559.0m21x61.1x1.2x
Fri, 04 Aug 2023AU$32.4bAU$27.5bAU$1.0b26.2x32.1x1.2x
Sun, 02 Jul 2023AU$32.3bAU$27.4bAU$990.5m27.2x32.6x1.2x
Tue, 30 May 2023AU$31.2bAU$27.5bAU$1.0b23.9x30.9x1.1x
Thu, 27 Apr 2023AU$31.2bAU$27.4bAU$997.7m25.6x31.2x1.1x
Sat, 25 Mar 2023AU$29.3bAU$27.4bAU$994.8m23.2x29.5x1.1x
Price to Earnings Ratio

29.5x


Total Market Cap: AU$29.3bTotal Earnings: AU$994.8mTotal Revenue: AU$27.4bTotal 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 27.8x which is lower than its 3-year average PE of 37.5x.
  • 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 Market-1.20%
Industrials-2.06%
Commercial Services-3.34%
Commercial Printing20.00%
Office Services and Supplies0%0
Environmental and Facilities Services-1.64%
Diversified Support Services-3.60%
Security and Alarm Services-4.53%
Industry PE
  • Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 25.6x.
    • 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
CWY Cleanaway Waste ManagementAU$2.430.4%
+AU$22.4m		-4.7%PE45x
DOW Downer EDIAU$7.570.4%
+AU$16.7m		42.8%PE33.6x
AEI Aeris EnvironmentalAU$0.04425.7%
+AU$2.2m		-24.1%PS3.8x
CNQ Clean TeQ WaterAU$0.416.6%
+AU$2.2m		84.1%PS2.2x
T3D 333DAU$0.0320.0%
+AU$1.3m		500.0%PE706.9x

Latest News

T3D
AU$0.03
333D
7D
20.0%
1Y
500.0%
H2G
AU$0.012
Greenhy2
7D
14.3%
1Y
100.0%
AMA
AU$0.63
AMA Group
7D
-1.6%
1Y
42.0%
IFN
AU$0.33
Infragreen Group
7D
-9.6%
1Y
n/a
SPZ
AU$1.10
Smart Parking
7D
-5.6%
1Y
34.4%

SPZ: Steady Assumptions And Undervalued Outlook Will Support Further Upside

Analysts have kept their A$1.66 price target for Smart Parking unchanged, reflecting steady assumptions on discount rate, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: unchanged at A$1.66, with no revision to the estimated intrinsic value per share.
IMB
AU$0.53
Intelligent Monitoring Group
7D
-4.5%
1Y
4.0%
BXB
AU$22.35
Brambles
7D
-1.1%
1Y
11.1%

BXB: Refined Assumptions And Dividend Outlook Will Support A Steady Future

Analysts have updated their view on Brambles, increasing the price target from A$24.43 to A$25.82. This change reflects adjusted assumptions around the discount rate, profit margin, revenue growth and future P/E multiples.
DOW
AU$7.57
Downer EDI
7D
0.4%
1Y
42.8%

DOW: Buyback, NZ Road Contracts And FY26 Guidance Will Support A Steady Outlook

Analysts have nudged their price target for Downer EDI to A$8.24, with the small change reflecting updated views on fair value, discount rates and forward P/E following recent bullish Street research. Analyst Commentary Bullish Takeaways Bullish analysts see the A$8.24 price target as supported by updated assumptions on fair value, with recent research pointing to what they view as attractive risk and reward at current levels.
AEI
AU$0.044
Aeris Environmental
7D
25.7%
1Y
-24.1%
CWY
AU$2.43
Cleanaway Waste Management
7D
0.4%
1Y
-4.7%
MAD
AU$7.59
Mader Group
7D
-6.1%
1Y
37.5%
CLG
AU$0.026
Close the Loop
7D
4.0%
1Y
-71.1%
ECT
AU$0.099
Environmental Clean Technologies
7D
-5.7%
1Y
164.0%
SSH
AU$0.15
SSH Group
7D
-23.1%
1Y
30.4%
CNQ
AU$0.41
Clean TeQ Water
7D
6.6%
1Y
84.1%