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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies21
  • 7D2.4%
  • 3M-2.6%
  • 1Y8.2%
  • YTD1.9%

In the last week, the Commercial Services industry is up 2.4%, with GFL Environmental up 5.6%. This takes the industry's 12 month performance to a gain of 8.2%. As for the next few years, earnings are forecast to decline by 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026CA$45.9bCA$22.0bCA$776.6m23.1x59.1x2.1x
Sat, 20 Dec 2025CA$46.5bCA$22.0bCA$775.2m23.7x60x2.1x
Mon, 17 Nov 2025CA$46.6bCA$22.1bCA$766.0m19.9x60.9x2.1x
Wed, 15 Oct 2025CA$47.1bCA$21.8bCA$615.9m21.8x76.5x2.2x
Fri, 12 Sep 2025CA$47.9bCA$20.9bCA$607.6m21.8x78.8x2.3x
Sun, 10 Aug 2025CA$47.9bCA$20.9bCA$619.0m24.6x77.4x2.3x
Tue, 08 Jul 2025CA$46.2bCA$20.8b-CA$217,276,517.6720.9x-212.6x2.2x
Thu, 05 Jun 2025CA$45.6bCA$20.8b-CA$201,296,986.7720.1x-226.7x2.2x
Sat, 03 May 2025CA$45.3bCA$20.8b-CA$241,044,947.8823.4x-188.1x2.2x
Mon, 31 Mar 2025CA$46.3bCA$20.9b-CA$164,241,533.6521.6x-281.8x2.2x
Wed, 26 Feb 2025CA$46.1bCA$21.0b-CA$118,089,702.1622.3x-390.5x2.2x
Fri, 24 Jan 2025CA$44.2bCA$21.0bCA$29.5m23.2x1501.7x2.1x
Sun, 22 Dec 2024CA$45.3bCA$21.0bCA$29.3m23.7x1547.2x2.2x
Tue, 19 Nov 2024CA$43.8bCA$20.8bCA$15.2m22.3x2887.2x2.1x
Thu, 17 Oct 2024CA$42.3bCA$20.5b-CA$93,723,542.1324.5x-451.2x2.1x
Sat, 14 Sep 2024CA$40.3bCA$20.4b-CA$100,323,278.9423x-401.8x2x
Mon, 12 Aug 2024CA$38.9bCA$20.5b-CA$15,499,710.3132.1x-2512.5x1.9x
Wed, 10 Jul 2024CA$38.8bCA$20.2bCA$648.0m30.3x59.9x1.9x
Fri, 07 Jun 2024CA$37.9bCA$20.4bCA$617.2m32.4x61.5x1.9x
Sun, 05 May 2024CA$35.2bCA$20.0bCA$647.4m20.7x54.4x1.8x
Tue, 02 Apr 2024CA$36.0bCA$20.0bCA$561.1m28.9x64.2x1.8x
Thu, 29 Feb 2024CA$37.8bCA$19.6bCA$552.4m26.3x68.4x1.9x
Sat, 27 Jan 2024CA$36.1bCA$19.7bCA$220.8m23.9x163.4x1.8x
Mon, 25 Dec 2023CA$34.5bCA$19.6bCA$212.1m21.9x162.7x1.8x
Wed, 22 Nov 2023CA$24.6bCA$17.9b-CA$207,991,632.0019.4x-118.1x1.4x
Fri, 20 Oct 2023CA$24.1bCA$17.5b-CA$403,658,674.0028.6x-59.7x1.4x
Sun, 17 Sep 2023CA$26.3bCA$17.4b-CA$406,523,633.0030.7x-64.7x1.5x
Tue, 15 Aug 2023CA$25.8bCA$17.4b-CA$305,774,764.0024.9x-84.5x1.5x
Thu, 13 Jul 2023CA$27.9bCA$16.5b-CA$682,640,781.0026.6x-40.8x1.7x
Sat, 10 Jun 2023CA$27.9bCA$16.6b-CA$689,867,286.0025.2x-40.5x1.7x
Mon, 08 May 2023CA$26.9bCA$16.1b-CA$723,768,005.0020.9x-37.2x1.7x
Wed, 05 Apr 2023CA$24.7bCA$15.7b-CA$305,380,136.0020.5x-81x1.6x
Fri, 03 Mar 2023CA$23.9bCA$15.4b-CA$322,836,930.0016.4x-73.9x1.6x
Sun, 29 Jan 2023CA$23.5bCA$15.3b-CA$156,661,286.0014.7x-149.8x1.5x
Price to Earnings Ratio

-149.8x


Total Market Cap: CA$23.5bTotal Earnings: -CA$156,661,286.00Total Revenue: CA$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 100.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian 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 59.1x which is lower than its 3-year average PE of 100x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • Total earnings for the Commercial Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

CA Market0.33%
Industrials0.098%
Commercial Services2.36%
Environmental and Facilities Services5.52%
Office Services and Supplies0%0
Diversified Support Services-0.35%
Security and Alarm Services-0.43%
Commercial Printing-4.23%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 2.0x.
    • 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 Diversified Support Services industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings decline by 40% 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
GFL GFL EnvironmentalCA$61.375.6%
+CA$1.2b		1.7%PE257.6x
BDI Black Diamond GroupCA$16.705.0%
+CA$54.3m		83.7%PE31.4x
ANRG AnaergiaCA$2.7211.5%
+CA$48.0m		145.0%PS3.3x
CGY Calian GroupCA$60.752.3%
+CA$15.6m		17.1%PE33.7x
KBL K-Bro LinenCA$34.750.7%
+CA$3.2m		-6.0%PE23.1x

Latest News

KBL
CA$34.75
K-Bro Linen
7D
0.7%
1Y
-6.0%

K-Bro Linen (TSE:KBL) Has Announced A Dividend Of CA$0.10

Jan 20
K-Bro Linen (TSE:KBL) Has Announced A Dividend Of CA$0.10
DXT
CA$13.00
Dexterra Group
7D
-0.3%
1Y
65.8%

DXT: Future Share Buybacks And Assumptions Suggest Balanced Return Outlook

Analysts have lifted their price target on Dexterra Group to about $13.57 from $12.88, citing updated assumptions around revenue growth, discount rate, profit margins, and future P/E that together suggest a modestly higher valuation range. What's in the News Dexterra Group reported that from July 1, 2025 to September 30, 2025, it repurchased 59,200 shares for $0.55 million, representing 0.1% of shares under its current normal course issuer bid (Key Developments).
BDI
CA$16.70
Black Diamond Group
7D
5.0%
1Y
83.7%
GFL
CA$61.37
GFL Environmental
7D
5.6%
1Y
1.7%
CGY
CA$60.75
Calian Group
7D
2.3%
1Y
17.1%

CGY: Higher Fair Value And Defence Contracts Will Shape Balanced Return Outlook

Analysts have raised their price target on Calian Group to C$62 from C$59, reflecting updated fair value analysis and revised assumptions for discount rate, growth, margins, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see the higher C$62 target as better aligning the share price with their updated fair value work, rather than as a stretch target.
EFN
CA$34.59
Element Fleet Management
7D
-1.0%
1Y
18.2%

Element Fleet Management (TSE:EFN) Is Looking To Continue Growing Its Returns On Capital

Jan 11
Element Fleet Management (TSE:EFN) Is Looking To Continue Growing Its Returns On Capital
BYD
CA$223.07
Boyd Group Services
7D
-0.2%
1Y
-3.9%
ANRG
CA$2.72
Anaergia
7D
11.5%
1Y
145.0%
DCM
CA$1.81
DATA Communications Management
7D
-4.2%
1Y
-15.0%
GDI
CA$36.37
GDI Integrated Facility Services
7D
0.2%
1Y
1.8%
BQE
CA$68.00
BQE Water
7D
-1.9%
1Y
11.8%

There's No Escaping BQE Water Inc.'s (CVE:BQE) Muted Earnings Despite A 26% Share Price Rise

Dec 27
There's No Escaping BQE Water Inc.'s (CVE:BQE) Muted Earnings Despite A 26% Share Price Rise
PYR
CA$0.26
PyroGenesis
7D
-13.6%
1Y
-57.5%
YES
CA$0.28
CHAR Technologies
7D
-8.2%
1Y
75.0%
COO
CA$0.045
Ostrom Climate Solutions
7D
50.0%
1Y
28.6%
ECM
CA$0.17
Ecolomondo
7D
6.3%
1Y
13.3%
BCBN
CA$1.04
Base Carbon
7D
-3.7%
1Y
144.7%