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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies22
  • 7D3.1%
  • 3M1.5%
  • 1Y-9.7%
  • YTD-7.0%

Over the last 7 days, the Commercial Services industry has risen 3.1%, driven by gains in Element Fleet Management and GFL Environmental of 4.8% and 2.7%, respectively. In the same time, Black Diamond Group was down 11%. However, the industry is down 9.7% over the past year. Earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026CA$42.0bCA$18.9bCA$753.1m30.3x55.8x2.2x
Sat, 27 Jun 2026CA$39.6bCA$19.0bCA$756.0m28.7x52.4x2.1x
Mon, 25 May 2026CA$37.8bCA$18.8bCA$750.5m27.6x50.3x2x
Wed, 22 Apr 2026CA$41.4bCA$18.1bCA$714.7m31.8x57.9x2.3x
Fri, 20 Mar 2026CA$42.5bCA$18.1bCA$657.4m30.3x64.6x2.4x
Sun, 15 Feb 2026CA$46.0bCA$20.3bCA$953.9m23.1x48.3x2.3x
Tue, 13 Jan 2026CA$46.3bCA$22.0bCA$778.6m23.3x59.5x2.1x
Thu, 11 Dec 2025CA$47.1bCA$22.0bCA$778.0m23.4x60.6x2.1x
Sat, 08 Nov 2025CA$47.2bCA$21.9bCA$682.8m20.7x69.1x2.2x
Mon, 06 Oct 2025CA$47.6bCA$21.8bCA$612.3m22.2x77.7x2.2x
Wed, 03 Sep 2025CA$48.6bCA$20.9bCA$605.7m21.2x80.2x2.3x
Fri, 01 Aug 2025CA$46.7bCA$20.9bCA$588.5m24.9x79.3x2.2x
Sun, 29 Jun 2025CA$46.8bCA$20.8b-CA$200,532,237.7219.7x-233.5x2.3x
Tue, 27 May 2025CA$45.8bCA$20.8b-CA$201,461,195.5220.3x-227.5x2.2x
Thu, 24 Apr 2025CA$43.4bCA$20.7b-CA$235,441,167.9823.2x-184.5x2.1x
Sat, 22 Mar 2025CA$46.2bCA$20.9b-CA$157,654,717.3021.1x-293.3x2.2x
Mon, 17 Feb 2025CA$46.1bCA$20.8bCA$14.7m22.3x3138.3x2.2x
Wed, 15 Jan 2025CA$44.3bCA$21.0bCA$28.8m22.8x1536.5x2.1x
Fri, 13 Dec 2024CA$45.3bCA$20.9bCA$23.4m23.6x1935x2.2x
Sun, 10 Nov 2024CA$44.7bCA$20.7b-CA$20,226,595.6127.1x-2210.9x2.2x
Tue, 08 Oct 2024CA$41.4bCA$20.4b-CA$98,946,266.1924.1x-418x2x
Thu, 05 Sep 2024CA$41.0bCA$20.3b-CA$113,855,540.3223.1x-360.5x2x
Sat, 03 Aug 2024CA$40.0bCA$20.5b-CA$95,897,398.4028.8x-417.4x2x
Mon, 01 Jul 2024CA$39.0bCA$20.4bCA$620.1m30x62.8x1.9x
Wed, 29 May 2024CA$34.3bCA$20.4bCA$614.8m31.3x55.8x1.7x
Fri, 26 Apr 2024CA$34.3bCA$20.0bCA$604.5m20.8x56.7x1.7x
Sun, 24 Mar 2024CA$36.5bCA$20.0bCA$557.8m29.5x65.5x1.8x
Tue, 20 Feb 2024CA$38.1bCA$19.6bCA$292.9m26.3x130x1.9x
Thu, 18 Jan 2024CA$35.0bCA$19.7bCA$216.5m22.4x161.6x1.8x
Sat, 16 Dec 2023CA$34.4bCA$19.7bCA$215.8m22.2x159.4x1.7x
Mon, 13 Nov 2023CA$23.7bCA$17.9b-CA$180,246,766.0019.1x-131.5x1.3x
Wed, 11 Oct 2023CA$25.6bCA$17.4b-CA$405,905,537.0029.6x-63.1x1.5x
Fri, 08 Sep 2023CA$25.8bCA$17.5b-CA$421,096,553.0024.4x-61.3x1.5x
Sun, 06 Aug 2023CA$25.8bCA$17.0b-CA$323,914,479.0023.7x-79.7x1.5x
Price to Earnings Ratio

-79.7x


Total Market Cap: CA$25.8bTotal Earnings: -CA$323,914,479.00Total Revenue: CA$17.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 122.2x202420252026
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 55.8x which is lower than its 3-year average PE of 122x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
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 3.7% 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 Market-0.92%
Industrials1.14%
Commercial Services3.08%
Diversified Support Services3.75%
Environmental and Facilities Services2.46%
Security and Alarm Services0.23%
Office Services and Supplies0%0
Commercial Printing-2.21%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 32.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Commercial Printing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 7.5% per year.
  • In contrast, the Commercial Printing industry is expected to see its earnings grow by 24% 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
EFN Element Fleet ManagementCA$31.994.8%
+CA$579.2m		-11.7%PE30.3x
GFL GFL EnvironmentalCA$56.632.7%
+CA$538.3m		-14.0%PE97.1x
BYD Boyd Group ServicesCA$154.537.3%
+CA$293.1m		-20.6%PE233x
KBL K-Bro LinenCA$47.883.4%
+CA$20.1m		39.8%PE31.7x
CGY Calian GroupCA$79.682.0%
+CA$17.6m		55.4%PE27.7x

Latest News

BRM
CA$3.50
BioRem
7D
16.7%
1Y
69.1%
DCM
CA$2.65
DATA Communications Management
7D
-2.2%
1Y
71.0%
Narrative Update • Jul 24

DCM: Octacom Acquisition And Buyback Program Will Support Upside Potential

Analysts lifted their fair value estimate for DATA Communications Management to CA$6.00 from CA$4.00, pointing to the higher CA$6.00 Street price target and citing the Octacom acquisition as a key driver for the updated revenue growth, profit margin and future P/E assumptions. What's in the News DATA Communications Management announced a share repurchase program that allows the company to buy back up to 4,195,562 common shares, or 7.47% of its share capital, with all repurchased shares to be cancelled and the program running until June 11, 2027.
NVRO
CA$0.18
NVRO Metals
7D
5.9%
1Y
140.0%
EFN
CA$31.99
Element Fleet Management
7D
4.8%
1Y
-11.7%
KBL
CA$47.88
K-Bro Linen
7D
3.4%
1Y
39.8%
DXT
CA$15.67
Dexterra Group
7D
-1.7%
1Y
60.9%
Narrative Update • Jul 20

DXT: Labour Disputes And Share Buybacks Will Limit Future Upside Potential

Analysts have lifted their price target on Dexterra Group to CA$14.00 from CA$12.00, citing updated assumptions for slightly higher revenue growth, modestly stronger profit margins, a lower discount rate, and a marginally higher future P/E multiple. What’s in the News for Dexterra Group Dexterra Group has been named in two unfair labour practice complaints filed by SEIU Local 2, one in British Columbia and one in Ontario, focusing on alleged misrepresentation of operations, treatment of workers, and adherence to collective agreement terms.
ANRG
CA$2.20
Anaergia
7D
-9.1%
1Y
65.4%
BDI
CA$17.14
Black Diamond Group
7D
-11.3%
1Y
42.2%
SERV
CA$2.10
Elevate Service Group
7D
7.7%
1Y
n/a
BCBN
CA$0.60
Base Carbon
7D
-6.3%
1Y
-25.0%
RGEN
CA$0.015
Regenera Insights
7D
-25.0%
1Y
-40.0%
GFL
CA$56.63
GFL Environmental
7D
2.7%
1Y
-14.0%
BYD
CA$154.53
Boyd Group Services
7D
7.3%
1Y
-20.6%
Narrative Update • Jul 07

BYD: Location Expansion And Margin Execution Will Support Future Upside

Analysts have lowered their average price target on Boyd Group Services by CA$10 to reflect updated assumptions for fair value, revenue growth, profit margins and future P/E, as seen in the recent target cuts of CA$10 at Stifel and CA$43 at Stephens. Analyst Commentary Recent research on Boyd Group Services shows that analysts are revisiting their assumptions on fair value, revenue growth, profit margins and future P/E, with updated price targets that still reflect constructive views on the company despite the headline cuts.
CGY
CA$79.68
Calian Group
7D
2.0%
1Y
55.4%
Narrative Update • Jul 02

CGY: Defence Industrial Role And Sovereign AI Initiatives Will Drive Upside

Analysts have lifted their fair value estimate for Calian Group to CA$105 from CA$89.36, citing a higher CA$100 Street price target and expectations for revenue growth, improved profit margins, and a lower implied future P/E multiple, supported by recent research highlighting the company's role in Canada's Defence Industrial Strategy. Analyst Commentary Recent Street research on Calian Group points to a constructive tone, with price targets clustered around CA$90 to CA$100 and an emphasis on the company’s role within Canada’s Defence Industrial Strategy.
PYR
CA$0.17
PyroGenesis
7D
-7.9%
1Y
-54.5%
LUX
CA$0.03
Newlox Gold Ventures
7D
-25.0%
1Y
-50.0%