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Australian (ASX) Commercial Services Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies20
  • 7D1.2%
  • 3M-4.3%
  • 1Y7.2%
  • YTD-4.3%

Over the last 7 days, the Commercial Services industry has risen 1.2%, driven by gains from Downer EDI of 1.8%. In the last 12 months, the industry was up 7.2%. 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
Fri, 24 Apr 2026AU$43.4bAU$27.0bAU$1.6b29.9x27.9x1.6x
Sun, 22 Mar 2026AU$43.4bAU$27.1bAU$1.6b28.9x27.5x1.6x
Tue, 17 Feb 2026AU$46.1bAU$26.7bAU$1.5b37.2x30.7x1.7x
Thu, 15 Jan 2026AU$46.0bAU$27.3bAU$1.6b37.6x29.2x1.7x
Sat, 13 Dec 2025AU$45.9bAU$27.3bAU$1.6b35.2x29.1x1.7x
Mon, 10 Nov 2025AU$47.2bAU$27.7bAU$1.6b33.1x29.4x1.7x
Wed, 08 Oct 2025AU$49.0bAU$27.5bAU$1.6b35.3x30.9x1.8x
Fri, 05 Sep 2025AU$50.5bAU$27.6bAU$1.6b33.6x31.5x1.8x
Sun, 03 Aug 2025AU$46.4bAU$27.6bAU$1.5b25.5x30.2x1.7x
Tue, 01 Jul 2025AU$45.3bAU$27.5bAU$1.5b25.5x29.7x1.6x
Thu, 29 May 2025AU$44.5bAU$27.7bAU$1.5b23.6x28.9x1.6x
Sat, 26 Apr 2025AU$42.2bAU$28.9bAU$1.6b18.4x25.8x1.5x
Mon, 24 Mar 2025AU$41.3bAU$29.2bAU$1.7b17.7x24.9x1.4x
Wed, 19 Feb 2025AU$40.4bAU$28.8bAU$1.6b21.7x25.1x1.4x
Fri, 17 Jan 2025AU$39.6bAU$29.3bAU$1.6b20.8x24x1.4x
Sun, 15 Dec 2024AU$40.4bAU$29.0bAU$1.6b23.2x25x1.4x
Tue, 12 Nov 2024AU$40.8bAU$28.9bAU$1.6b22.8x25.6x1.4x
Thu, 10 Oct 2024AU$40.7bAU$28.8bAU$1.6b21.5x25.8x1.4x
Sat, 07 Sep 2024AU$39.8bAU$28.8bAU$1.6b20.4x25.3x1.4x
Mon, 05 Aug 2024AU$34.4bAU$28.9bAU$777.3m16.6x44.2x1.2x
Wed, 03 Jul 2024AU$32.5bAU$28.7bAU$746.6m16.3x43.5x1.1x
Fri, 31 May 2024AU$33.2bAU$28.7bAU$738.9m17.5x44.9x1.2x
Sun, 28 Apr 2024AU$33.2bAU$29.2bAU$740.8m18.4x44.9x1.1x
Tue, 26 Mar 2024AU$35.0bAU$29.2bAU$739.3m19.8x47.3x1.2x
Thu, 22 Feb 2024AU$34.8bAU$28.6bAU$619.5m21.7x56.2x1.2x
Sat, 20 Jan 2024AU$32.6bAU$28.9bAU$501.4m24x65x1.1x
Mon, 18 Dec 2023AU$31.6bAU$28.7bAU$486.2m23x64.9x1.1x
Wed, 15 Nov 2023AU$31.5bAU$29.2bAU$539.8m18.7x58.4x1.1x
Fri, 13 Oct 2023AU$32.2bAU$29.2bAU$533.8m19.7x60.4x1.1x
Sun, 10 Sep 2023AU$33.9bAU$29.2bAU$538.6m21.5x62.9x1.2x
Tue, 08 Aug 2023AU$32.6bAU$27.5bAU$1.0b25.8x32.4x1.2x
Thu, 06 Jul 2023AU$32.3bAU$27.4bAU$990.4m26.4x32.6x1.2x
Sat, 03 Jun 2023AU$30.4bAU$27.4bAU$993.0m22.7x30.7x1.1x
Mon, 01 May 2023AU$31.0bAU$27.4bAU$997.6m27.5x31.1x1.1x
Price to Earnings Ratio

31.1x


Total Market Cap: AU$31.0bTotal Earnings: AU$997.6mTotal 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 27.9x 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 Market-1.56%
Industrials1.10%
Commercial Services1.17%
Commercial Printing28.57%
Environmental and Facilities Services4.54%
Diversified Support Services0.66%
Office Services and Supplies0%0
Security and Alarm Services-0.58%
Industry PE
  • Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 46.2x.
    • 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$7.481.8%
+AU$85.6m		33.6%PE33.2x
CWY Cleanaway Waste ManagementAU$2.341.3%
+AU$67.2m		-10.0%PE43.4x
AMA AMA GroupAU$0.5814.9%
+AU$36.1m		-12.1%PS0.3x
IMB Intelligent Monitoring GroupAU$0.5510.0%
+AU$20.6m		-6.8%PS1.2x
CNQ Clean TeQ WaterAU$0.408.1%
+AU$2.7m		110.5%PS2.1x

Latest News

AMA
AU$0.58
AMA Group
7D
14.9%
1Y
-12.1%
SPZ
AU$0.86
Smart Parking
7D
-8.0%
1Y
9.5%

SPZ: Steady Assumptions Will Support Future Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for their steady view. Valuation Changes Fair Value: A$1.66 remains unchanged, indicating no revision to the estimated intrinsic value per share.
DOW
AU$7.48
Downer EDI
7D
1.8%
1Y
33.6%

DOW: Long Term Facilities Contract And Buyback Will Support Future Returns

Analysts have adjusted their A$8.24 price target for Downer EDI in line with updated discount rate and P/E assumptions. This reflects refined views on the risk profile and earnings multiple rather than changes to fair value itself.
STG
AU$0.30
Straker
7D
-10.4%
1Y
-43.4%

STG: Leadership Reshape And AI Focus Will Define Balanced Future Prospects

Analysts have revised their price target on Straker lower, reflecting a reduced fair value estimate to A$0.32. This updated valuation is supported by changes to discount rate assumptions, revenue growth expectations, profit margin outlook and a reset future P/E multiple.
CWY
AU$2.34
Cleanaway Waste Management
7D
1.3%
1Y
-10.0%

CWY: Upcoming Fully Franked Dividend Will Support Future Share Appeal

Analysts have trimmed their price target for Cleanaway Waste Management from A$3.17 to about A$3.00. This reflects updated assumptions around revenue growth, profit margins, discount rate and future P/E multiples.
AEI
AU$0.041
Aeris Environmental
7D
7.9%
1Y
-2.4%
T3D
AU$0.036
333D
7D
28.6%
1Y
414.3%
BXB
AU$22.02
Brambles
7D
-1.7%
1Y
5.5%

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$0.18
SSH Group
7D
2.9%
1Y
50.0%
H2G
AU$0.011
Greenhy2
7D
-8.3%
1Y
22.2%
IFN
AU$0.37
Infragreen Group
7D
-7.5%
1Y
n/a
IMB
AU$0.55
Intelligent Monitoring Group
7D
10.0%
1Y
-6.8%
PET
AU$0.009
Phoslock Environmental Technologies
7D
-18.2%
1Y
n/a
MAD
AU$7.81
Mader Group
7D
-3.8%
1Y
26.0%
CLG
AU$0.023
Close the Loop
7D
-11.5%
1Y
-72.3%
CNQ
AU$0.40
Clean TeQ Water
7D
8.1%
1Y
110.5%