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Canadian (TSX) Commercial Services Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies20
  • 7D-2.0%
  • 3M-3.5%
  • 1Y6.8%
  • YTD5.0%

Over the last 7 days, the Commercial Services industry has dropped 2.0%, driven by GFL Environmental declining 2.0%. Meanwhile, Anaergia actually outperformed within the industry, gaining 24% in the last week. This takes the industry's 12 month performance to a gain of 6.8%. In the next few years, earnings are forecast to decline by 3.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025CA$46.8bCA$21.9bCA$777.1m23.8x60.2x2.1x
Wed, 12 Nov 2025CA$47.0bCA$21.9bCA$709.6m20.9x66.3x2.1x
Fri, 10 Oct 2025CA$47.0bCA$21.8bCA$615.2m22x76.3x2.2x
Sun, 07 Sep 2025CA$48.1bCA$21.0bCA$608.3m21.7x79x2.3x
Tue, 05 Aug 2025CA$47.5bCA$20.9bCA$605.2m25.5x78.5x2.3x
Thu, 03 Jul 2025CA$47.3bCA$20.7b-CA$220,260,198.6220.5x-214.7x2.3x
Sat, 31 May 2025CA$45.9bCA$20.8b-CA$199,342,426.2919.7x-230.1x2.2x
Mon, 28 Apr 2025CA$44.9bCA$20.7b-CA$235,618,542.2623.3x-190.7x2.2x
Wed, 26 Mar 2025CA$46.4bCA$20.9b-CA$165,721,853.5921.6x-280.3x2.2x
Fri, 21 Feb 2025CA$46.5bCA$20.8bCA$14.7m22.7x3157.3x2.2x
Sun, 19 Jan 2025CA$43.7bCA$21.0bCA$33.2m22.8x1317.7x2.1x
Tue, 17 Dec 2024CA$44.8bCA$20.9bCA$24.4m23.8x1836.3x2.1x
Thu, 14 Nov 2024CA$44.1bCA$20.7b-CA$15,273,201.1223.9x-2887.7x2.1x
Sat, 12 Oct 2024CA$41.7bCA$20.5b-CA$93,252,132.3624.4x-447.7x2x
Mon, 09 Sep 2024CA$39.6bCA$20.4b-CA$101,313,413.3323x-391.1x1.9x
Wed, 07 Aug 2024CA$39.7bCA$20.4b-CA$97,819,352.3528.6x-405.8x1.9x
Fri, 05 Jul 2024CA$38.9bCA$20.2bCA$638.0m29.6x60.9x1.9x
Sun, 02 Jun 2024CA$34.1bCA$20.3bCA$615.7m32.1x55.4x1.7x
Tue, 30 Apr 2024CA$34.2bCA$20.0bCA$604.7m20.9x56.6x1.7x
Thu, 28 Mar 2024CA$36.4bCA$20.0bCA$561.1m28.5x64.8x1.8x
Sat, 24 Feb 2024CA$37.6bCA$19.6bCA$551.1m27x68.3x1.9x
Mon, 22 Jan 2024CA$35.8bCA$19.7bCA$220.6m23.2x162.4x1.8x
Wed, 20 Dec 2023CA$34.3bCA$19.7bCA$213.4m21.8x160.9x1.7x
Fri, 17 Nov 2023CA$24.5bCA$17.9b-CA$212,945,257.0019x-115.2x1.4x
Sun, 15 Oct 2023CA$24.3bCA$17.4b-CA$404,609,841.0029.3x-59.9x1.4x
Tue, 12 Sep 2023CA$25.9bCA$17.4b-CA$422,408,163.0025.1x-61.3x1.5x
Thu, 10 Aug 2023CA$25.8bCA$17.1b-CA$321,097,126.0023.6x-80.5x1.5x
Sat, 08 Jul 2023CA$28.6bCA$16.6b-CA$682,184,265.0025.8x-41.9x1.7x
Mon, 05 Jun 2023CA$28.3bCA$16.6b-CA$689,515,902.0024.4x-41x1.7x
Wed, 03 May 2023CA$27.8bCA$16.2b-CA$724,282,983.0021.5x-38.4x1.7x
Fri, 31 Mar 2023CA$24.9bCA$15.8b-CA$316,839,728.0020.3x-78.6x1.6x
Sun, 26 Feb 2023CA$23.6bCA$15.4b-CA$240,276,430.0016x-98.3x1.5x
Tue, 24 Jan 2023CA$23.7bCA$15.3b-CA$155,392,381.0014.6x-152.4x1.5x
Thu, 22 Dec 2022CA$22.0bCA$15.4b-CA$149,647,325.0013.7x-147.1x1.4x
Price to Earnings Ratio

-147.1x


Total Market Cap: CA$22.0bTotal Earnings: -CA$149,647,325.00Total Revenue: CA$15.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 92.8x202320242025
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 60.2x which is lower than its 3-year average PE of 92.8x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.1x.
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 Market0.76%
Industrials-0.15%
Commercial Services-2.03%
Office Services and Supplies0%0
Environmental and Facilities Services-1.29%
Diversified Support Services-2.69%
Security and Alarm Services-3.85%
Commercial Printing-8.76%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio.
    • 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 31% 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
ANRG AnaergiaCA$2.7625.5%
+CA$95.9m		217.2%PS3.3x
PYR PyroGenesisCA$0.3239.1%
+CA$17.8m		-43.9%PS4.7x
BLM BluMetric EnvironmentalCA$1.364.6%
+CA$10.1m		65.9%PS1.3x
KBL K-Bro LinenCA$35.302.2%
+CA$9.6m		-8.4%PE23.5x
GDI GDI Integrated Facility ServicesCA$28.301.3%
+CA$8.2m		-22.6%PE15.9x

Latest News

SECU
CA$2.50
SSC Security Services
7D
-3.8%
1Y
-6.4%

SSC Security Services (CVE:SECU) Is Paying Out A Dividend Of CA$0.03

Dec 14
SSC Security Services (CVE:SECU) Is Paying Out A Dividend Of CA$0.03
EFN
CA$35.48
Element Fleet Management
7D
-2.3%
1Y
23.5%

EFN: Rising Cash Returns And Index Inclusion Will Support Shares Ahead

Analysts have nudged their consolidated price target for Element Fleet Management higher by approximately C$1 to reflect increased confidence in the companys earnings durability and valuation multiple expansion, supported by a series of upward target revisions across the Street. Analyst Commentary Bullish analysts highlight that the latest round of target price increases, which lifted implied upside into the low to mid C$40 range, reflects growing conviction in Element Fleet’s ability to sustain earnings growth and support a premium valuation multiple.
BLM
CA$1.36
BluMetric Environmental
7D
4.6%
1Y
65.9%
CGY
CA$58.57
Calian Group
7D
0.7%
1Y
24.2%
YES
CA$0.29
CHAR Technologies
7D
20.8%
1Y
61.1%
PYR
CA$0.32
PyroGenesis
7D
39.1%
1Y
-43.9%
DCM
CA$1.69
DATA Communications Management
7D
-9.6%
1Y
-19.9%
ANRG
CA$2.76
Anaergia
7D
25.5%
1Y
217.2%

ANRG: New Waste-To-Energy Contract Will Drive Stronger Future Profitability

Analysts have modestly raised their price target on Anaergia to reflect improved expectations for revenue growth and profit margins. They now value the stock at approximately 5.08 dollars per share versus the prior 5.00 dollars, while also incorporating a slightly lower discount rate and a more conservative future price to earnings multiple.
BYD
CA$221.25
Boyd Group Services
7D
-5.1%
1Y
4.1%

BYD: Future Upside Will Be Driven By Sustained Premium Earnings Multiples

Our updated narrative on Boyd Group Services reflects a modestly higher analyst price target, rising across the Street into the mid to high C$270s and low C$290s, as analysts cite sustained revenue growth, stable margins, and confidence in forward earnings multiples. Analyst Commentary Bullish analysts highlight the cluster of price target increases into the C$275 to C$291 range as evidence of rising confidence in Boyd Group Services underlying growth trajectory and earnings durability.
DXT
CA$12.09
Dexterra Group
7D
0.9%
1Y
60.6%
GIP
CA$3.04
Green Impact Partners
7D
-2.3%
1Y
-3.8%
GFL
CA$60.73
GFL Environmental
7D
-2.1%
1Y
-6.6%
KBL
CA$35.30
K-Bro Linen
7D
2.2%
1Y
-8.4%
GDI
CA$28.30
GDI Integrated Facility Services
7D
1.3%
1Y
-22.6%

Concerns Surrounding GDI Integrated Facility Services' (TSE:GDI) Performance

Nov 13
Concerns Surrounding GDI Integrated Facility Services' (TSE:GDI) Performance
BCBN
CA$0.97
Base Carbon
7D
-1.0%
1Y
136.6%
ROOF
CA$0.26
Northstar Clean Technologies
7D
-8.9%
1Y
-27.1%