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Canadian (TSX) Energy Services Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies24
  • 7D8.6%
  • 3M-6.0%
  • 1Y57.4%
  • YTD22.7%

In the last week, the Energy Services industry is up 8.6%, with Enerflex up 8.9%. During this same period, the North American Construction Group underperformed, falling 5.5%. This means that the industry has gained 57% over the past year. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026CA$19.4bCA$20.1bCA$688.4m13.7x28.1x1x
Wed, 15 Jul 2026CA$18.4bCA$19.7bCA$738.5m15.8x24.9x0.9x
Fri, 12 Jun 2026CA$19.7bCA$20.9bCA$745.2m16.7x26.5x0.9x
Sun, 10 May 2026CA$20.5bCA$20.7bCA$843.2m15.9x24.3x1x
Tue, 07 Apr 2026CA$19.2bCA$20.7bCA$866.5m12.5x22.2x0.9x
Thu, 05 Mar 2026CA$18.9bCA$20.6bCA$795.7m12.7x23.8x0.9x
Sat, 31 Jan 2026CA$17.0bCA$20.3bCA$956.1m12.7x17.8x0.8x
Mon, 29 Dec 2025CA$15.7bCA$20.3bCA$956.9m11.3x16.4x0.8x
Wed, 26 Nov 2025CA$14.5bCA$21.1bCA$948.3m11x15.3x0.7x
Fri, 24 Oct 2025CA$14.1bCA$20.3bCA$985.0m11.7x14.4x0.7x
Sun, 21 Sep 2025CA$13.8bCA$20.2bCA$983.5m11x14.1x0.7x
Tue, 19 Aug 2025CA$13.0bCA$20.2bCA$982.4m9.6x13.2x0.6x
Thu, 17 Jul 2025CA$13.5bCA$19.9bCA$955.0m11.2x14.1x0.7x
Sat, 14 Jun 2025CA$13.2bCA$19.8bCA$954.3m9.7x13.9x0.7x
Mon, 12 May 2025CA$11.9bCA$19.7bCA$919.7m7.3x13x0.6x
Wed, 09 Apr 2025CA$10.8bCA$19.7bCA$882.0m7x12.3x0.6x
Fri, 07 Mar 2025CA$11.6bCA$19.8bCA$993.6m8.4x11.6x0.6x
Sun, 02 Feb 2025CA$13.7bCA$19.9bCA$1.1b9.9x12.1x0.7x
Tue, 31 Dec 2024CA$13.8bCA$19.8bCA$1.1b10.3x12.2x0.7x
Thu, 28 Nov 2024CA$13.9bCA$19.7bCA$1.1b10.6x12.2x0.7x
Sat, 26 Oct 2024CA$12.1bCA$19.4bCA$1.2b9.4x10x0.6x
Mon, 23 Sep 2024CA$12.3bCA$19.4bCA$1.2b8.6x10.1x0.6x
Wed, 21 Aug 2024CA$15.5bCA$29.3bCA$1.8b8.2x8.7x0.5x
Fri, 19 Jul 2024CA$16.0bCA$28.4bCA$1.8b8.1x9x0.6x
Sun, 16 Jun 2024CA$14.9bCA$28.4bCA$1.8b8x8.2x0.5x
Tue, 14 May 2024CA$14.9bCA$28.4bCA$1.8b7.8x8.1x0.5x
Thu, 11 Apr 2024CA$15.4bCA$27.5bCA$1.5b8.1x9.9x0.6x
Sat, 09 Mar 2024CA$14.3bCA$27.8bCA$1.5b7.2x9.7x0.5x
Mon, 05 Feb 2024CA$13.7bCA$28.1bCA$1.2b7.5x11.5x0.5x
Wed, 03 Jan 2024CA$12.7bCA$28.1bCA$1.2b7.2x10.7x0.5x
Fri, 01 Dec 2023CA$12.1bCA$28.1bCA$1.2b7.6x10.2x0.4x
Sun, 29 Oct 2023CA$12.1bCA$27.1bCA$1.2b7.9x10.1x0.4x
Tue, 26 Sep 2023CA$13.6bCA$27.1bCA$1.2b8.5x11.2x0.5x
Thu, 24 Aug 2023CA$13.2bCA$27.1bCA$1.2b7.9x10.9x0.5x
Price to Earnings Ratio

10.9x


Total Market Cap: CA$13.2bTotal Earnings: CA$1.2bTotal Revenue: CA$27.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 14.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Energy Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 14.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have declined 17% per year over the last three years,
  • Revenues have also declined 9.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?

CA Market0.99%
Energy3.74%
Energy Services8.58%
Oil and Gas Drilling9.95%
Oil and Gas Services8.29%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 14.2x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 0.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 20% 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
EFX EnerflexCA$31.259.4%
+CA$327.2m		133.2%PE51.9x
TOT Total Energy ServicesCA$30.7723.2%
+CA$204.1m		146.2%PE12.6x
PSI Pason SystemsCA$14.5516.5%
+CA$159.9m		28.2%PE23.7x
PD Precision DrillingCA$122.988.5%
+CA$123.4m		63.7%PS0.8x
CEU CES Energy SolutionsCA$19.302.8%
+CA$109.1m		139.2%PE20.5x

Latest News

TVK
CA$119.54
TerraVest Industries
7D
-2.2%
1Y
-12.9%
NOA
CA$19.36
North American Construction Group
7D
-4.9%
1Y
12.0%
AKT
CA$4.03
AKITA Drilling
7D
14.5%
1Y
n/a
PSI
CA$14.55
Pason Systems
7D
16.5%
1Y
28.2%
TOT
CA$30.77
Total Energy Services
7D
23.2%
1Y
146.2%
Narrative Update • Aug 15

TOT: Future Returns Will Be Driven By Higher Margins And Lower P/E

Analysts have lifted their price target for Total Energy Services from CA$32.00 to CA$36.50, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of this change. What’s in the News for Total Energy Services No recent news stories for Total Energy Services were identified in the provided sources as of 14 Aug 2026.
CEU
CA$19.30
CES Energy Solutions
7D
2.8%
1Y
139.2%
EFX
CA$31.25
Enerflex
7D
9.4%
1Y
133.2%
ESI
CA$3.67
Ensign Energy Services
7D
7.6%
1Y
73.9%
PSD
CA$2.95
Pulse Seismic
7D
-1.7%
1Y
-23.4%
PHX
CA$12.55
PHX Energy Services
7D
4.2%
1Y
63.2%
PD
CA$122.98
Precision Drilling
7D
8.5%
1Y
63.7%
Narrative Update • Aug 04

PD: Higher Fair Value And Buybacks Will Support Future Upside

Analysts have lifted their fair value estimate for Precision Drilling from about CA$110.62 to roughly CA$121.85. This change reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E expectations.
FLNT
CA$1.38
Flint
7D
-4.8%
1Y
15.0%
WRG
CA$3.20
Western Energy Services
7D
-4.2%
1Y
53.8%
RFX
CA$0.23
Reeflex Solutions
7D
-2.2%
1Y
40.6%