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Canadian (TSX) Commercial Services Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies20
  • 7D0.5%
  • 3M-7.8%
  • 1Y-8.4%
  • YTD-8.9%

The Commercial Services industry has stayed flat over the last week. Unfortunately though, the industry is down 8.4% over the past 12 months. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026CA$41.5bCA$18.1bCA$715.5m31.8x58x2.3x
Sat, 28 Mar 2026CA$41.2bCA$18.2bCA$709.6m30.6x58x2.3x
Mon, 23 Feb 2026CA$46.3bCA$20.3bCA$906.4m23.6x51.1x2.3x
Wed, 21 Jan 2026CA$46.4bCA$22.0bCA$776.7m22.9x59.8x2.1x
Fri, 19 Dec 2025CA$46.8bCA$22.0bCA$774.4m23.7x60.4x2.1x
Sun, 16 Nov 2025CA$46.6bCA$22.1bCA$766.0m19.9x60.9x2.1x
Tue, 14 Oct 2025CA$47.1bCA$21.8bCA$614.2m21.6x76.7x2.2x
Thu, 11 Sep 2025CA$48.1bCA$21.0bCA$608.8m21.6x78.9x2.3x
Sat, 09 Aug 2025CA$48.0bCA$20.9bCA$617.3m25.3x77.7x2.3x
Mon, 07 Jul 2025CA$46.2bCA$20.7b-CA$219,528,715.5520.5x-210.4x2.2x
Wed, 04 Jun 2025CA$46.1bCA$20.8b-CA$199,907,879.8220.3x-230.8x2.2x
Fri, 02 May 2025CA$45.1bCA$20.9b-CA$243,723,986.6123.2x-185x2.2x
Sun, 30 Mar 2025CA$46.3bCA$20.9b-CA$164,241,533.6521.6x-281.8x2.2x
Tue, 25 Feb 2025CA$46.3bCA$20.9bCA$18.4m22.5x2514.1x2.2x
Thu, 23 Jan 2025CA$43.8bCA$21.0bCA$30.0m23x1460.4x2.1x
Sat, 21 Dec 2024CA$45.3bCA$21.0bCA$29.3m23.7x1546.7x2.2x
Mon, 18 Nov 2024CA$43.8bCA$20.8bCA$15.2m22.4x2886.9x2.1x
Wed, 16 Oct 2024CA$42.4bCA$20.5b-CA$92,296,907.3024.6x-459.8x2.1x
Fri, 13 Sep 2024CA$40.5bCA$20.4b-CA$100,873,257.0123x-401.7x2x
Sun, 11 Aug 2024CA$38.9bCA$20.5b-CA$15,499,710.3132.1x-2512.5x1.9x
Tue, 09 Jul 2024CA$38.7bCA$20.1bCA$831.1m30x46.5x1.9x
Thu, 06 Jun 2024CA$37.1bCA$20.4bCA$618.2m31x60.1x1.8x
Sat, 04 May 2024CA$35.5bCA$20.0bCA$648.2m20.7x54.8x1.8x
Mon, 01 Apr 2024CA$36.0bCA$20.0bCA$560.6m28.9x64.2x1.8x
Wed, 28 Feb 2024CA$38.2bCA$19.6bCA$551.6m27.2x69.2x1.9x
Fri, 26 Jan 2024CA$36.2bCA$19.7bCA$221.3m23.7x163.7x1.8x
Sun, 24 Dec 2023CA$34.5bCA$19.6bCA$212.1m21.9x162.7x1.8x
Tue, 21 Nov 2023CA$24.6bCA$17.9b-CA$208,075,041.0019.4x-118.1x1.4x
Thu, 19 Oct 2023CA$24.4bCA$17.5b-CA$403,739,449.0028.5x-60.5x1.4x
Sat, 16 Sep 2023CA$26.2bCA$17.4b-CA$423,454,941.0024.5x-61.9x1.5x
Mon, 14 Aug 2023CA$25.8bCA$17.4b-CA$306,051,706.0024.9x-84.4x1.5x
Wed, 12 Jul 2023CA$28.0bCA$16.6b-CA$682,409,513.0026.2x-41.1x1.7x
Fri, 09 Jun 2023CA$27.8bCA$16.6b-CA$689,840,394.0025.5x-40.4x1.7x
Sun, 07 May 2023CA$26.9bCA$16.1b-CA$723,768,005.0020.9x-37.2x1.7x
Price to Earnings Ratio

-37.2x


Total Market Cap: CA$26.9bTotal Earnings: -CA$723,768,005.00Total Revenue: CA$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 114.5x202420252026
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 58.0x which is lower than its 3-year average PE of 114x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
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 3.9% 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-1.68%
Industrials0.014%
Commercial Services0.46%
Environmental and Facilities Services1.97%
Office Services and Supplies0%0
Security and Alarm Services0%0
Diversified Support Services-1.00%
Commercial Printing-3.01%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 17.0x.
    • 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 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings growth rate of 2.4% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 21% 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$55.212.1%
+CA$401.0m		-19.7%PE94.4x
BQE BQE WaterCA$82.0013.1%
+CA$12.4m		62.6%PE13.2x
CGY Calian GroupCA$70.951.0%
+CA$8.3m		49.9%PE30.4x
BDI Black Diamond GroupCA$17.100.6%
+CA$6.9m		110.1%PE34x
BRM BioRemCA$3.209.6%
+CA$4.5m		73.0%PE10.7x

Latest News

PLAS
CA$0.15
PlasCred Circular Innovations
7D
-14.3%
1Y
130.8%
PYR
CA$0.38
PyroGenesis
7D
-8.4%
1Y
-13.6%
BYD
CA$161.20
Boyd Group Services
7D
-0.1%
1Y
-18.6%
BRM
CA$3.20
BioRem
7D
9.6%
1Y
73.0%

BioRem's (CVE:BRM) Performance Is Even Better Than Its Earnings Suggest

Apr 29
BioRem's (CVE:BRM) Performance Is Even Better Than Its Earnings Suggest
DXT
CA$11.74
Dexterra Group
7D
-0.7%
1Y
36.5%

DXT: Integrated Services Focus And Hybrid Model Will Support Future Upside Potential

Analysts have lifted their average price target on Dexterra Group to CA$18, citing the company’s streamlined operations, increased focus on integrated facilities management, and the scalability of its hybrid delivery model. Analyst Commentary Recent research updates on Dexterra Group focus on the company’s emphasis on integrated facilities management, its position in workforce accommodation, and the scalability of its hybrid delivery model.
CGY
CA$70.95
Calian Group
7D
1.0%
1Y
49.9%

CGY: Defence Partnerships And Credit Capacity Expansion Will Drive Future Upside

Analysts have lifted their average Calian Group price target toward the CA$78 to CA$80 range, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E, alongside recent target increases from multiple research shops. Analyst Commentary Recent Street research on Calian Group has centered on refreshed price targets in the CA$78 to CA$80 range and a generally constructive stance on the shares.
BQE
CA$82.00
BQE Water
7D
13.1%
1Y
62.6%

Recurring Water Treatment And Aquatic Toxicity Services Will Support Long Term Earnings Story

Catalysts About BQE Water BQE Water provides water treatment services and technologies for the mining industry, with a focus on recurring operations and specialized process solutions. What are the underlying business or industry changes driving this perspective?
BDI
CA$17.10
Black Diamond Group
7D
0.6%
1Y
110.1%

BDI: Higher Projected Range And Stable Assumptions May Support Future Repricing

Analysts have raised their blended price target range for Black Diamond Group to approximately CA$20 to CA$22, citing updated research that maintains positive ratings and supports current assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent Street research points to a tighter consensus around valuation for Black Diamond Group, with bullish analysts clustering price targets in the CA$20 to CA$22 range.
SCAN
CA$5.50
Liberty Defense Holdings
7D
-12.0%
1Y
-65.1%
ANRG
CA$3.10
Anaergia
7D
-1.3%
1Y
167.2%

ANRG: Gela Contract And SB 1440 Project Will Support Future Circular Cash Flows

Anaergia's analyst price target has been adjusted to CA$5.16 from CA$5.20, with analysts citing updated assumptions for growth, profitability and P/E, along with supportive recent bullish initiation reports from multiple firms. Analyst Commentary Recent research coverage has focused on how Anaergia could execute on its growth plans while aligning profitability and valuation expectations.
GFL
CA$55.21
GFL Environmental
7D
2.1%
1Y
-19.7%

GFL: Share Repurchases And Dividend Aristocrat Status Will Drive Future Upside Potential

Analysts have trimmed their price target on GFL Environmental by CA$1 to CA$86, citing updated assumptions around slightly higher revenue growth, a lower profit margin profile, and a higher future P/E multiple in their models. What's in the News Reports indicate GFL Environmental is nearing a deal to acquire SECURE Waste Infrastructure Corp.
EFN
CA$31.91
Element Fleet Management
7D
-1.7%
1Y
5.7%
ROOF
CA$0.20
Northstar Clean Technologies
7D
2.6%
1Y
-39.4%
VTX
CA$0.20
Vertex Resource Group
7D
8.1%
1Y
-25.9%
LUX
CA$0.05
Newlox Gold Ventures
7D
-23.1%
1Y
0%
UAV.X
CA$0.21
Global UAV Technologies
7D
19.4%
1Y
-16.0%