Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Energy Services Industry Analysis

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies26
  • 7D0.04%
  • 3M6.3%
  • 1Y1.1%
  • YTD0.07%

Last week, the Energy Services industry hasn't moved much but CES Energy Solutions is up 18% in that time. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Canadian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025CA$14.0bCA$21.1bCA$946.8m11.1x14.8x0.7x
Sat, 18 Oct 2025CA$13.9bCA$20.3bCA$986.4m10.7x14x0.7x
Mon, 15 Sep 2025CA$13.8bCA$20.2bCA$984.3m10.7x14x0.7x
Wed, 13 Aug 2025CA$13.7bCA$19.9bCA$1.0b9.6x13.7x0.7x
Fri, 11 Jul 2025CA$13.7bCA$19.9bCA$954.9m11.5x14.4x0.7x
Sun, 08 Jun 2025CA$12.9bCA$19.9bCA$955.1m9.1x13.5x0.6x
Tue, 06 May 2025CA$11.8bCA$19.6bCA$841.7m8.2x14x0.6x
Thu, 03 Apr 2025CA$12.7bCA$19.7bCA$882.2m9x14.4x0.6x
Sat, 01 Mar 2025CA$12.4bCA$19.8bCA$992.5m9.2x12.5x0.6x
Mon, 27 Jan 2025CA$14.5bCA$19.8bCA$1.1b10.4x12.8x0.7x
Wed, 25 Dec 2024CA$13.9bCA$19.8bCA$1.1b10.3x12.3x0.7x
Fri, 22 Nov 2024CA$14.1bCA$19.6bCA$1.1b10.6x12.7x0.7x
Sun, 20 Oct 2024CA$12.2bCA$19.4bCA$1.2b9.2x10x0.6x
Tue, 17 Sep 2024CA$11.9bCA$19.4bCA$1.2b8.3x9.8x0.6x
Thu, 15 Aug 2024CA$15.1bCA$29.3bCA$1.8b8.4x8.5x0.5x
Sat, 13 Jul 2024CA$15.5bCA$28.3bCA$1.8b8.3x8.6x0.5x
Mon, 10 Jun 2024CA$15.2bCA$28.4bCA$1.8b8.1x8.4x0.5x
Wed, 08 May 2024CA$14.9bCA$28.2bCA$1.8b8x8.2x0.5x
Fri, 05 Apr 2024CA$15.4bCA$27.5bCA$1.5b8.4x10x0.6x
Sun, 03 Mar 2024CA$14.3bCA$27.8bCA$1.3b7.2x10.8x0.5x
Tue, 30 Jan 2024CA$14.2bCA$28.1bCA$1.2b7.9x12x0.5x
Thu, 28 Dec 2023CA$12.9bCA$28.1bCA$1.2b7.3x10.9x0.5x
Sat, 25 Nov 2023CA$12.0bCA$28.1bCA$1.2b7.7x10.1x0.4x
Mon, 23 Oct 2023CA$12.3bCA$27.1bCA$1.2b7.7x10.2x0.5x
Wed, 20 Sep 2023CA$13.7bCA$27.1bCA$1.2b8.4x11.4x0.5x
Fri, 18 Aug 2023CA$13.0bCA$27.1bCA$1.2b7.8x10.8x0.5x
Sun, 16 Jul 2023CA$12.3bCA$26.3bCA$1.1b7.5x11.1x0.5x
Tue, 13 Jun 2023CA$11.2bCA$26.3bCA$1.1b6.9x10.1x0.4x
Thu, 11 May 2023CA$11.2bCA$25.8bCA$980.1m8.2x11.4x0.4x
Sat, 08 Apr 2023CA$11.5bCA$24.2bCA$656.9m8.9x17.4x0.5x
Mon, 06 Mar 2023CA$13.6bCA$24.1bCA$578.2m10.5x23.4x0.6x
Wed, 01 Feb 2023CA$14.0bCA$22.3bCA$253.5m12.6x55.3x0.6x
Fri, 30 Dec 2022CA$13.2bCA$22.3bCA$253.5m13.2x52.1x0.6x
Sun, 27 Nov 2022CA$13.4bCA$22.2bCA$242.6m12.8x55.4x0.6x
Price to Earnings Ratio

55.4x


Total Market Cap: CA$13.4bTotal Earnings: CA$242.6mTotal Revenue: CA$22.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 15.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Energy Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 57% 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 Canadian Energy industry?

CA Market-1.66%
Energy1.30%
Energy Services0.036%
Oil and Gas Services0.30%
Oil and Gas Drilling-1.39%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings decline of 34.7% per year.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading close to its 3-year average of 15.0x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 13% 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
CEU CES Energy SolutionsCA$11.6018.1%
+CA$373.3m		21.7%PE13.8x
TCW Trican Well ServiceCA$5.826.4%
+CA$74.3m		20.5%PE11.5x
PHX PHX Energy ServicesCA$7.210.8%
+CA$2.7m		-24.0%PE6.4x
EFX EnerflexCA$18.950.05%
+CA$1.2m		50.4%PE12.1x
SDI Stampede DrillingCA$0.143.8%
+CA$999.7k		-32.5%PS0.4x

Latest News

CEU
CA$11.60
CES Energy Solutions
7D
18.1%
1Y
21.7%
NOA
CA$19.25
North American Construction Group
7D
-4.6%
1Y
-29.8%

North American Construction Group's (TSE:NOA) Anemic Earnings Might Be Worse Than You Think

Nov 19
North American Construction Group's (TSE:NOA) Anemic Earnings Might Be Worse Than You Think
SHLE
CA$10.78
Source Energy Services
7D
-8.0%
1Y
-40.4%

We Think You Can Look Beyond Source Energy Services' (TSE:SHLE) Lackluster Earnings

Nov 18
We Think You Can Look Beyond Source Energy Services' (TSE:SHLE) Lackluster Earnings
MATR
CA$7.83
Mattr
7D
-24.0%
1Y
-42.0%
TOT
CA$14.07
Total Energy Services
7D
-6.2%
1Y
21.8%
PSI
CA$11.88
Pason Systems
7D
-4.0%
1Y
-18.6%

Pason Systems' (TSE:PSI) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 14
Pason Systems' (TSE:PSI) Sluggish Earnings Might Be Just The Beginning Of Its Problems
EFX
CA$18.95
Enerflex
7D
0.05%
1Y
50.4%
ACX
CA$4.92
ACT Energy Technologies
7D
-5.2%
1Y
-19.7%
SDI
CA$0.14
Stampede Drilling
7D
3.8%
1Y
-32.5%
PHX
CA$7.21
PHX Energy Services
7D
0.8%
1Y
-24.0%
TCW
CA$5.82
Trican Well Service
7D
6.4%
1Y
20.5%

We Think That There Are More Issues For Trican Well Service (TSE:TCW) Than Just Sluggish Earnings

Nov 05
We Think That There Are More Issues For Trican Well Service (TSE:TCW) Than Just Sluggish Earnings
STEP
CA$5.48
STEP Energy Services
7D
0.2%
1Y
8.7%
TVK
CA$120.61
TerraVest Industries
7D
-4.4%
1Y
-0.7%
PD
CA$81.63
Precision Drilling
7D
-0.8%
1Y
-10.4%
RFX
CA$0.16
Reeflex Solutions
7D
3.2%
1Y
n/a
HOH
CA$1.08
High Arctic Overseas Holdings
7D
0.9%
1Y
-36.5%