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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies21
  • 7D6.1%
  • 3M-4.4%
  • 1Y-15.8%
  • YTD-12.8%

The Commercial Services industry is up 6.1% in the last week, with GFL Environmental up 7.1%. Meanwhile, NVRO Metals actually underperformed within the industry, shrinking 7.9% in the last week. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026CA$38.2bCA$19.0bCA$757.5m28.1x50.5x2x
Sat, 23 May 2026CA$38.0bCA$18.8bCA$750.5m27.6x50.6x2x
Mon, 20 Apr 2026CA$41.3bCA$18.1bCA$712.6m32.6x57.9x2.3x
Wed, 18 Mar 2026CA$43.2bCA$18.0bCA$653.0m30.9x66.2x2.4x
Fri, 13 Feb 2026CA$47.7bCA$20.3bCA$947.7m22.8x50.3x2.4x
Sun, 11 Jan 2026CA$46.3bCA$22.0bCA$780.1m23.2x59.3x2.1x
Tue, 09 Dec 2025CA$47.7bCA$22.0bCA$780.6m23x61.1x2.2x
Thu, 06 Nov 2025CA$46.4bCA$21.8bCA$623.4m22.5x74.4x2.1x
Sat, 04 Oct 2025CA$47.6bCA$21.8bCA$612.3m22.2x77.8x2.2x
Mon, 01 Sep 2025CA$48.6bCA$20.9bCA$603.6m21.3x80.5x2.3x
Wed, 30 Jul 2025CA$47.0bCA$20.8b-CA$213,033,915.8625.2x-220.5x2.3x
Fri, 27 Jun 2025CA$46.9bCA$20.7b-CA$203,139,516.8719.9x-230.7x2.3x
Sun, 25 May 2025CA$45.8bCA$20.8b-CA$201,912,912.5820.4x-227x2.2x
Tue, 22 Apr 2025CA$44.2bCA$20.7b-CA$237,397,802.8322.7x-186x2.1x
Thu, 20 Mar 2025CA$45.6bCA$20.9b-CA$158,379,832.6820.8x-287.8x2.2x
Sat, 15 Feb 2025CA$45.4bCA$20.8bCA$14.7m22.3x3089.2x2.2x
Mon, 13 Jan 2025CA$44.9bCA$21.0bCA$31.6m23.1x1418.6x2.1x
Wed, 11 Dec 2024CA$45.8bCA$20.9bCA$21.3m23.2x2154.2x2.2x
Fri, 08 Nov 2024CA$44.0bCA$20.6b-CA$30,648,808.3526.8x-1435.9x2.1x
Sun, 06 Oct 2024CA$41.4bCA$20.4b-CA$101,075,880.5124.1x-409.2x2x
Tue, 03 Sep 2024CA$41.7bCA$20.3b-CA$114,641,223.2723.6x-363.6x2x
Thu, 01 Aug 2024CA$39.4bCA$20.3bCA$666.6m31.9x59.1x1.9x
Sat, 29 Jun 2024CA$38.9bCA$20.4bCA$620.1m30x62.7x1.9x
Mon, 27 May 2024CA$34.1bCA$20.4bCA$615.8m30.5x55.4x1.7x
Wed, 24 Apr 2024CA$35.1bCA$20.0bCA$604.7m20.7x58.1x1.8x
Fri, 22 Mar 2024CA$36.7bCA$20.0bCA$556.4m29.8x65.9x1.8x
Sun, 18 Feb 2024CA$38.1bCA$19.6bCA$292.8m26.3x130.1x1.9x
Tue, 16 Jan 2024CA$35.4bCA$19.7bCA$215.1m22.6x164.4x1.8x
Thu, 14 Dec 2023CA$33.3bCA$19.7bCA$218.0m22.2x152.6x1.7x
Sat, 11 Nov 2023CA$23.5bCA$17.9b-CA$180,246,766.0019.1x-130.6x1.3x
Mon, 09 Oct 2023CA$25.4bCA$17.4b-CA$404,514,229.0029.5x-62.9x1.5x
Wed, 06 Sep 2023CA$25.8bCA$17.5b-CA$421,841,661.0024.5x-61.2x1.5x
Fri, 04 Aug 2023CA$25.8bCA$17.0b-CA$324,936,844.0023.5x-79.3x1.5x
Sun, 02 Jul 2023CA$28.8bCA$16.6b-CA$682,326,343.0024.9x-42.2x1.7x
Price to Earnings Ratio

-42.2x


Total Market Cap: CA$28.8bTotal Earnings: -CA$682,326,343.00Total Revenue: CA$16.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 119.2x202420252026
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 50.5x 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-1.81%
Industrials1.79%
Commercial Services6.10%
Environmental and Facilities Services6.75%
Diversified Support Services5.47%
Commercial Printing3.75%
Security and Alarm Services0.46%
Office Services and Supplies0%0
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 25.9x.
    • 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 6.7x.
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
GFL GFL EnvironmentalCA$53.027.1%
+CA$1.3b		-22.3%PE91x
EFN Element Fleet ManagementCA$29.806.5%
+CA$717.5m		-11.7%PE28.1x
BYD Boyd Group ServicesCA$135.605.1%
+CA$182.8m		-36.2%PE201.9x
DXT Dexterra GroupCA$14.119.0%
+CA$72.4m		54.2%PE19.4x
ANRG AnaergiaCA$2.632.7%
+CA$12.0m		92.0%PS2.1x

Latest News

PYR
CA$0.21
PyroGenesis
7D
-14.3%
1Y
-53.3%
DXT
CA$14.11
Dexterra Group
7D
9.0%
1Y
54.2%
EFN
CA$29.80
Element Fleet Management
7D
6.5%
1Y
-11.7%
BYD
CA$135.60
Boyd Group Services
7D
5.1%
1Y
-36.2%
Narrative Update • Jun 23

BYD: Future Upside Will Rely On Integration Execution And Margin Delivery

Analysts have reduced their average price target on Boyd Group Services by CA$10, reflecting updated discount rate and P/E assumptions. This adjustment follows recent Street research that reassesses the risk profile and valuation framework for the stock.
ANRG
CA$2.63
Anaergia
7D
2.7%
1Y
92.0%
Narrative Update • Jun 23

ANRG: Bullish Biomethane Contracts Will Drive Future Cash Flows

Anaergia's latest analyst price target has shifted to CA$5.16, with analysts citing a newly bullish initiation that highlights the stock's potential compared with unchanged fair value, discount rate, growth, margin, and P/E assumptions. What’s in the News for Anaergia Anaergia appointed RSM Canada LLP as auditor at its annual general meeting of shareholders held on June 16, 2026.
GFL
CA$53.02
GFL Environmental
7D
7.1%
1Y
-22.3%
Narrative Update • Jun 22

GFL: Energy Transition Projects And Acquisition Strategy Will Drive Future Upside

Analysts have trimmed their fair value estimate for GFL Environmental slightly, to CA$70.55 from CA$70.73, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for GFL Environmental GFL Environmental CEO Patrick Dovigi discussed the planned $4.6b acquisition of Secure Waste Services, which is targeted to close by October 1 and is expected to significantly expand the business, source: recent CEO interview.
KBL
CA$43.40
K-Bro Linen
7D
1.5%
1Y
24.6%
CGY
CA$80.47
Calian Group
7D
1.1%
1Y
66.8%
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$0.17
NVRO Metals
7D
-7.9%
1Y
84.2%
LUX
CA$0.035
Newlox Gold Ventures
7D
-12.5%
1Y
-50.0%
ROOF
CA$0.18
Northstar Clean Technologies
7D
-5.1%
1Y
-46.4%
VTX
CA$0.16
Vertex Resource Group
7D
-11.1%
1Y
-30.4%
BLM
CA$0.90
BluMetric Environmental
7D
-4.3%
1Y
-37.1%
SERV
CA$2.10
Elevate Service Group
7D
10.5%
1Y
n/a
EWK
CA$0.045
Earthworks Industries
7D
-10.0%
1Y
12.5%
BCBN
CA$0.70
Base Carbon
7D
-2.8%
1Y
-19.5%