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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.1%
  • 3M-11.1%
  • 1Y-20.4%
  • YTD-18.2%

The Commercial Services is pretty flat in the last 7 days, but Element Fleet Management has stood out, gaining 6.0%. Unfortunately though, the industry is down 20% over the past 12 months. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026CA$37.5bCA$19.0bCA$755.8m26.9x49.6x2x
Mon, 18 May 2026CA$37.9bCA$18.7bCA$750.9m27.4x50.5x2x
Wed, 15 Apr 2026CA$41.3bCA$18.2bCA$714.9m32.9x57.7x2.3x
Fri, 13 Mar 2026CA$43.9bCA$17.9bCA$651.1m31.5x67.4x2.4x
Sun, 08 Feb 2026CA$46.6bCA$21.9bCA$773.0m23.5x60.3x2.1x
Tue, 06 Jan 2026CA$46.1bCA$21.9bCA$773.6m23.5x59.6x2.1x
Thu, 04 Dec 2025CA$48.1bCA$22.0bCA$784.7m23.3x61.2x2.2x
Sat, 01 Nov 2025CA$46.4bCA$21.8bCA$615.2m22.9x75.5x2.1x
Mon, 29 Sep 2025CA$47.4bCA$21.7bCA$611.7m22x77.5x2.2x
Wed, 27 Aug 2025CA$48.1bCA$21.0bCA$594.2m24.2x81x2.3x
Fri, 25 Jul 2025CA$46.6bCA$20.8b-CA$218,146,597.5425x-213.6x2.2x
Sun, 22 Jun 2025CA$46.3bCA$20.8b-CA$198,951,228.0219.7x-232.6x2.2x
Tue, 20 May 2025CA$46.4bCA$20.9b-CA$191,752,616.1320.5x-242.1x2.2x
Thu, 17 Apr 2025CA$44.7bCA$20.7b-CA$236,353,763.5022.8x-189.3x2.2x
Sat, 15 Mar 2025CA$45.1bCA$20.9b-CA$132,940,904.7820.4x-339x2.2x
Mon, 10 Feb 2025CA$46.0bCA$20.9bCA$26.5m22.7x1733.9x2.2x
Wed, 08 Jan 2025CA$44.9bCA$21.0bCA$28.8m23.6x1557.1x2.1x
Fri, 06 Dec 2024CA$46.2bCA$20.8bCA$15.4m23.5x3009.3x2.2x
Sun, 03 Nov 2024CA$42.7bCA$20.5b-CA$92,287,163.0227x-463.1x2.1x
Tue, 01 Oct 2024CA$40.4bCA$20.3b-CA$103,126,926.5424.2x-391.3x2x
Thu, 29 Aug 2024CA$41.0bCA$20.3b-CA$119,068,998.4630.8x-344.6x2x
Sat, 27 Jul 2024CA$39.1bCA$20.3bCA$667.8m31.5x58.5x1.9x
Mon, 24 Jun 2024CA$38.2bCA$20.4bCA$620.8m30.2x61.6x1.9x
Wed, 22 May 2024CA$34.6bCA$20.4bCA$614.3m25.6x56.3x1.7x
Fri, 19 Apr 2024CA$35.3bCA$20.1bCA$606.5m21.5x58.3x1.8x
Sun, 17 Mar 2024CA$36.3bCA$19.8bCA$558.1m29.8x65.1x1.8x
Tue, 13 Feb 2024CA$36.7bCA$19.5bCA$291.5m24.8x126.1x1.9x
Thu, 11 Jan 2024CA$34.6bCA$19.7bCA$214.2m21.8x161.7x1.8x
Sat, 09 Dec 2023CA$32.6bCA$19.8bCA$218.7m19.9x148.9x1.6x
Mon, 06 Nov 2023CA$24.3bCA$17.5b-CA$188,828,562.0026x-128.5x1.4x
Wed, 04 Oct 2023CA$24.8bCA$17.4b-CA$404,387,297.0029.3x-61.4x1.4x
Fri, 01 Sep 2023CA$25.5bCA$17.4b-CA$423,937,924.0024.9x-60.2x1.5x
Sun, 30 Jul 2023CA$26.8bCA$16.8b-CA$467,222,602.0027.4x-57.3x1.6x
Tue, 27 Jun 2023CA$27.5bCA$16.5b-CA$682,744,896.0023.6x-40.3x1.7x
Price to Earnings Ratio

-40.3x


Total Market Cap: CA$27.5bTotal Earnings: -CA$682,744,896.00Total Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 118.7x202420252026
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 49.6x which is lower than its 3-year average PE of 119x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
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 4.7% 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-0.37%
Industrials-1.07%
Commercial Services-0.14%
Diversified Support Services2.25%
Commercial Printing0.61%
Office Services and Supplies0%0
Security and Alarm Services0%0
Environmental and Facilities Services-2.38%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 25.0x.
    • 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 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 7.5% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 6.8% 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$28.166.0%
+CA$630.3m		-15.2%PE26.7x
BQE BQE WaterCA$72.007.1%
+CA$6.2m		38.5%PE18.5x
YES CHAR TechnologiesCA$0.2911.5%
+CA$4.5m		11.5%PS18.5x
SERV Elevate Service GroupCA$2.105.0%
+CA$3.7m		n/aPS5.7x
COO Ostrom Climate SolutionsCA$0.0740.0%
+CA$2.3m		75.0%PE2.7x

Latest News

BYD
CA$128.74
Boyd Group Services
7D
-3.3%
1Y
-38.5%
BDI
CA$18.75
Black Diamond Group
7D
-1.9%
1Y
94.3%
Narrative Update • Jun 19

BDI: Share Repurchases And Higher Fair Value May Support Future Repricing

Analysts have nudged their fair value estimate for Black Diamond Group to CA$21.46 from CA$20.79, reflecting a blend of higher published price targets, including BMO Capital's move to CA$23 and a recent cut from Canaccord, along with updated assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Black Diamond Group gives a mixed but useful snapshot of how professionals are framing the stock and its valuation today.
ANRG
CA$2.65
Anaergia
7D
-1.1%
1Y
87.9%
EFN
CA$28.16
Element Fleet Management
7D
6.0%
1Y
-15.2%
CGY
CA$77.47
Calian Group
7D
-6.7%
1Y
66.9%
Narrative Update • Jun 18

CGY: Defence Strategy Champion Positioning Will Support Profitable Stock Repricing

Analysts have nudged their fair value estimate for Calian Group to about CA$94 per share, pointing to updated price targets in the CA$90 to CA$100 range and expectations for a focus on profitable growth, margin expansion, and benefits tied to Canada's Defence Industrial Strategy. Analyst Commentary Recent analyst commentary on Calian Group centers on how the company could use its positioning within Canada's Defence Industrial Strategy to support profitable growth and justify higher valuation targets.
NVRO
CA$0.19
NVRO Metals
7D
-7.3%
1Y
100.0%
GFL
CA$49.07
GFL Environmental
7D
-2.4%
1Y
-27.9%
DCM
CA$1.66
DATA Communications Management
7D
0.6%
1Y
-7.3%
DXT
CA$12.88
Dexterra Group
7D
-1.8%
1Y
44.2%
Narrative Update • Jun 07

DXT: Updated Discount Rate Assumptions Will Support Future Upside Potential

Analysts have raised their CA$15.22 price target for Dexterra Group to CA$15.78, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E that modestly adjust their valuation view. What's in the News No recent company specific news, periodical coverage, or key developments were provided for Dexterra Group in the supplied sources.
PYR
CA$0.23
PyroGenesis
7D
-11.5%
1Y
-52.1%
BQE
CA$72.00
BQE Water
7D
7.1%
1Y
38.5%
YES
CA$0.29
CHAR Technologies
7D
11.5%
1Y
11.5%
SERV
CA$2.10
Elevate Service Group
7D
5.0%
1Y
n/a
EWK
CA$0.045
Earthworks Industries
7D
12.5%
1Y
12.5%
COO
CA$0.07
Ostrom Climate Solutions
7D
40.0%
1Y
75.0%
BRM
CA$3.08
BioRem
7D
0.3%
1Y
44.6%
Analysis Article • Apr 29

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