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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies21
  • 7D-1.4%
  • 3M-10.0%
  • 1Y-20.8%
  • YTD-18.0%

Over the last 7 days, the Commercial Services industry has dropped 1.4%, driven by pullbacks in Boyd Group Services and GFL Environmental of 7.4% and 1.5%, respectively. The industry has fallen 21% in the last 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
Tue, 23 Jun 2026CA$37.2bCA$19.0bCA$755.4m26.6x49.2x2x
Thu, 21 May 2026CA$37.7bCA$18.7bCA$748.4m27x50.4x2x
Sat, 18 Apr 2026CA$41.1bCA$18.1bCA$712.6m32.6x57.7x2.3x
Mon, 16 Mar 2026CA$43.4bCA$18.0bCA$653.9m30.9x66.3x2.4x
Wed, 11 Feb 2026CA$46.9bCA$21.8bCA$768.7m24x60.9x2.1x
Fri, 09 Jan 2026CA$45.4bCA$22.0bCA$777.9m23.2x58.3x2.1x
Sun, 07 Dec 2025CA$47.7bCA$22.0bCA$779.4m23.4x61.3x2.2x
Tue, 04 Nov 2025CA$46.7bCA$21.8bCA$621.1m22.7x75.2x2.1x
Thu, 02 Oct 2025CA$47.7bCA$21.8bCA$611.9m21.9x78x2.2x
Sat, 30 Aug 2025CA$48.3bCA$20.9bCA$589.9m21.3x81.9x2.3x
Mon, 28 Jul 2025CA$46.9bCA$20.8b-CA$215,798,151.8925x-217.5x2.3x
Wed, 25 Jun 2025CA$46.9bCA$20.8b-CA$199,533,705.2819.4x-234.8x2.3x
Fri, 23 May 2025CA$46.4bCA$20.8b-CA$196,349,660.4120.1x-236.1x2.2x
Sun, 20 Apr 2025CA$44.2bCA$20.7b-CA$236,950,893.9122.8x-186.3x2.1x
Tue, 18 Mar 2025CA$45.4bCA$20.9b-CA$136,317,990.4420.6x-332.9x2.2x
Thu, 13 Feb 2025CA$46.0bCA$20.9bCA$25.8m22.1x1785.9x2.2x
Sat, 11 Jan 2025CA$44.7bCA$21.0bCA$31.6m23.1x1414.4x2.1x
Mon, 09 Dec 2024CA$45.8bCA$20.9bCA$20.3m23.3x2250.7x2.2x
Wed, 06 Nov 2024CA$42.6bCA$20.5b-CA$121,589,749.4927.9x-350.3x2.1x
Fri, 04 Oct 2024CA$40.6bCA$20.4b-CA$101,716,832.3924.2x-398.9x2x
Sun, 01 Sep 2024CA$41.7bCA$20.3b-CA$115,377,284.1423.6x-361.3x2.1x
Tue, 30 Jul 2024CA$39.0bCA$20.3bCA$668.9m31.6x58.3x1.9x
Thu, 27 Jun 2024CA$38.1bCA$20.4bCA$621.0m30.2x61.3x1.9x
Sat, 25 May 2024CA$34.3bCA$20.4bCA$615.8m30.3x55.7x1.7x
Mon, 22 Apr 2024CA$35.2bCA$20.0bCA$606.1m21x58.1x1.8x
Wed, 20 Mar 2024CA$37.0bCA$19.8bCA$560.5m30.1x66x1.9x
Fri, 16 Feb 2024CA$37.5bCA$19.5bCA$292.5m26.6x128.1x1.9x
Sun, 14 Jan 2024CA$35.1bCA$19.7bCA$214.7m22.2x163.6x1.8x
Tue, 12 Dec 2023CA$32.7bCA$19.7bCA$218.4m19.8x149.6x1.7x
Thu, 09 Nov 2023CA$23.8bCA$17.6b-CA$193,939,952.0025.5x-123x1.4x
Sat, 07 Oct 2023CA$25.4bCA$17.4b-CA$404,514,229.0029.5x-62.9x1.5x
Mon, 04 Sep 2023CA$25.7bCA$17.5b-CA$422,263,668.0024.7x-60.9x1.5x
Wed, 02 Aug 2023CA$26.5bCA$16.8b-CA$472,297,539.0028.1x-56.2x1.6x
Fri, 30 Jun 2023CA$28.4bCA$16.6b-CA$682,326,791.0024.6x-41.7x1.7x
Price to Earnings Ratio

-41.7x


Total Market Cap: CA$28.4bTotal Earnings: -CA$682,326,791.00Total Revenue: CA$16.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 119x202420252026
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 49.2x 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 4.6% 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-0.94%
Industrials-0.89%
Commercial Services-1.41%
Office Services and Supplies0%0
Security and Alarm Services-0.23%
Environmental and Facilities Services-1.29%
Diversified Support Services-1.52%
Commercial Printing-2.35%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 25.5x.
    • 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 6.9% 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$28.111.2%
+CA$130.8m		-15.8%PE26.6x
ANRG AnaergiaCA$2.603.6%
+CA$15.4m		88.4%PS2.1x
SERV Elevate Service GroupCA$2.2015.8%
+CA$11.0m		n/aPS6x
KBL K-Bro LinenCA$43.251.4%
+CA$7.7m		25.9%PE28.6x
BQE BQE WaterCA$71.405.8%
+CA$5.1m		37.3%PE18.3x

Latest News

GFL
CA$49.60
GFL Environmental
7D
-1.5%
1Y
-27.9%
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.
DXT
CA$12.71
Dexterra Group
7D
-4.1%
1Y
42.2%
Narrative Update • Jun 22

DXT: Refined Discount Rate Assumptions Will Support Future Upside Potential

Analysts have made a small upward revision to Dexterra Group's fair value estimate, nudging the price target from CA$15.78 to CA$15.81. This change is supported by slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E multiple.
BDI
CA$18.58
Black Diamond Group
7D
-3.5%
1Y
93.9%
BYD
CA$126.37
Boyd Group Services
7D
-7.4%
1Y
-40.6%
ANRG
CA$2.60
Anaergia
7D
3.6%
1Y
88.4%
EFN
CA$28.11
Element Fleet Management
7D
1.2%
1Y
-15.8%
KBL
CA$43.25
K-Bro Linen
7D
1.4%
1Y
25.9%
CGY
CA$76.63
Calian Group
7D
-6.9%
1Y
67.2%
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.
DCM
CA$1.66
DATA Communications Management
7D
-2.4%
1Y
-7.3%
PYR
CA$0.21
PyroGenesis
7D
-8.5%
1Y
-54.3%
BQE
CA$71.40
BQE Water
7D
5.8%
1Y
37.3%
VTX
CA$0.16
Vertex Resource Group
7D
-13.5%
1Y
-33.3%
YES
CA$0.29
CHAR Technologies
7D
7.4%
1Y
11.5%
SERV
CA$2.20
Elevate Service Group
7D
15.8%
1Y
n/a
COO
CA$0.065
Ostrom Climate Solutions
7D
30.0%
1Y
44.4%
BCBN
CA$0.72
Base Carbon
7D
1.4%
1Y
-6.5%