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Canadian (TSX) Commercial Services Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies20
  • 7D1.6%
  • 3M-7.8%
  • 1Y-6.1%
  • YTD-7.5%

In the last week, the Commercial Services industry is up 1.6%, with GFL Environmental up 7.0%. In the same time, Boyd Group Services was down 7.7%. In contrast, the industry has lost 6.1% in the last 12 months. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026CA$41.0bCA$18.2bCA$699.1m30.9x58.7x2.2x
Fri, 27 Feb 2026CA$45.5bCA$20.4bCA$696.8m29.5x65.3x2.2x
Sun, 25 Jan 2026CA$46.8bCA$21.9bCA$770.8m23.1x60.7x2.1x
Tue, 23 Dec 2025CA$46.5bCA$21.9bCA$773.2m24x60.1x2.1x
Thu, 20 Nov 2025CA$47.1bCA$22.1bCA$766.4m20.4x61.4x2.1x
Sat, 18 Oct 2025CA$46.4bCA$21.8bCA$614.7m22.3x75.5x2.1x
Mon, 15 Sep 2025CA$47.9bCA$21.0bCA$608.1m21.8x78.7x2.3x
Wed, 13 Aug 2025CA$48.3bCA$20.9bCA$619.8m24.6x77.9x2.3x
Fri, 11 Jul 2025CA$46.1bCA$20.8b-CA$217,349,665.9821.5x-212.1x2.2x
Sun, 08 Jun 2025CA$45.6bCA$20.8b-CA$200,714,509.5119.9x-227x2.2x
Tue, 06 May 2025CA$45.9bCA$20.9b-CA$236,944,923.7123.3x-193.7x2.2x
Thu, 03 Apr 2025CA$46.4bCA$20.9b-CA$175,689,041.0322.8x-264.2x2.2x
Sat, 01 Mar 2025CA$44.6bCA$21.1b-CA$89,511,054.5021.4x-498.7x2.1x
Mon, 27 Jan 2025CA$44.5bCA$21.0bCA$28.3m23.3x1572.2x2.1x
Wed, 25 Dec 2024CA$45.4bCA$21.0bCA$29.9m23.8x1519.3x2.2x
Fri, 22 Nov 2024CA$45.0bCA$20.8bCA$10.3m25.6x4386.4x2.2x
Sun, 20 Oct 2024CA$42.7bCA$20.5b-CA$91,370,628.4524.4x-467.8x2.1x
Tue, 17 Sep 2024CA$41.0bCA$20.4b-CA$100,517,632.0923x-407.8x2x
Thu, 15 Aug 2024CA$39.5bCA$20.5b-CA$16,182,559.1830.6x-2443x1.9x
Sat, 13 Jul 2024CA$38.1bCA$20.2bCA$657.3m30.4x58x1.9x
Mon, 10 Jun 2024CA$37.3bCA$20.4bCA$621.6m32.3x60x1.8x
Wed, 08 May 2024CA$35.7bCA$20.0bCA$648.0m21.2x55.1x1.8x
Fri, 05 Apr 2024CA$35.5bCA$20.0bCA$597.3m29.4x59.4x1.8x
Sun, 03 Mar 2024CA$37.6bCA$19.8bCA$579.4m30.6x64.9x1.9x
Tue, 30 Jan 2024CA$36.2bCA$19.7bCA$220.2m23.8x164.5x1.8x
Thu, 28 Dec 2023CA$34.9bCA$19.6bCA$211.2m21.9x165.5x1.8x
Sat, 25 Nov 2023CA$24.2bCA$17.8b-CA$212,323,281.0022.2x-113.8x1.4x
Mon, 23 Oct 2023CA$24.0bCA$17.5b-CA$403,731,206.0028.5x-59.4x1.4x
Wed, 20 Sep 2023CA$26.1bCA$17.4b-CA$408,163,940.0031.2x-63.9x1.5x
Fri, 18 Aug 2023CA$26.1bCA$17.4b-CA$407,120,013.0018.9x-64.1x1.5x
Sun, 16 Jul 2023CA$28.2bCA$16.6b-CA$682,370,110.0027x-41.3x1.7x
Tue, 13 Jun 2023CA$28.3bCA$16.6b-CA$689,785,266.0025x-41.1x1.7x
Thu, 11 May 2023CA$28.3bCA$16.4b-CA$694,194,075.0020.7x-40.8x1.7x
Sat, 08 Apr 2023CA$24.7bCA$15.8b-CA$323,054,577.0020.1x-76.5x1.6x
Price to Earnings Ratio

-76.5x


Total Market Cap: CA$24.7bTotal Earnings: -CA$323,054,577.00Total Revenue: CA$15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 111x202420252026
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 58.7x which is lower than its 3-year average PE of 111x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
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 5.0% 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 Market2.38%
Industrials1.01%
Commercial Services1.64%
Environmental and Facilities Services6.90%
Security and Alarm Services3.14%
Commercial Printing1.95%
Office Services and Supplies0%0
Diversified Support Services-3.39%
Industry PE
  • Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 19.7% per year.
  • 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 12% 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$58.037.0%
+CA$1.4b		-15.1%PE98.4x
ANRG AnaergiaCA$2.7211.5%
+CA$48.0m		198.9%PS2.6x
BDI Black Diamond GroupCA$15.950.5%
+CA$11.8m		81.9%PE31.7x
DXT Dexterra GroupCA$12.141.2%
+CA$8.7m		52.7%PE18.7x
BQE BQE WaterCA$68.007.9%
+CA$6.4m		23.6%PE11.6x

Latest News

PLAS
CA$0.17
PlasCred Circular Innovations
7D
-25.0%
1Y
175.0%
BQE
CA$68.00
BQE Water
7D
7.9%
1Y
23.6%
DXT
CA$12.14
Dexterra Group
7D
1.2%
1Y
52.7%

DXT: Integrated Services Pivot And Hybrid Model Will Support Future Upside

Narrative Update The updated analyst price target for Dexterra Group edges slightly lower to about CA$15.22 from CA$15.28, with analysts citing the company’s more streamlined operations, its focus on integrated facilities management, and a hybrid delivery model as key supports for the valuation reset. Analyst Commentary Analysts looking at Dexterra Group are focusing on how the business mix and operating model support the current valuation and price targets.
ANRG
CA$2.72
Anaergia
7D
11.5%
1Y
198.9%
GFL
CA$58.03
GFL Environmental
7D
7.0%
1Y
-15.1%
PYR
CA$0.54
PyroGenesis
7D
-14.3%
1Y
5.9%
KBL
CA$34.58
K-Bro Linen
7D
-2.8%
1Y
-0.9%

K-Bro Linen's (TSE:KBL) Weak Earnings May Only Reveal A Part Of The Whole Picture

Mar 27
K-Bro Linen's (TSE:KBL) Weak Earnings May Only Reveal A Part Of The Whole Picture
CGY
CA$72.99
Calian Group
7D
-1.5%
1Y
64.3%

CGY: Defence Partnerships And Higher Earnings Expectations Will Shape Future Upside Potential

The fair value estimate for Calian Group has been nudged higher to CA$84.75, supported by analysts lifting their price targets to CA$78 and CA$80 and reflecting updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on Calian Group points to a more constructive stance on the company, with several firms updating their price targets and formal coverage views.
BYD
CA$177.59
Boyd Group Services
7D
-7.7%
1Y
-13.6%
BDI
CA$15.95
Black Diamond Group
7D
0.5%
1Y
81.9%

BDI: Raised Price Range And Stable P E Assumptions Will Drive Returns

Analysts have raised their blended price target range on Black Diamond Group to approximately CA$20 to CA$22. The revision is supported by updated models that keep fair value, revenue growth, profit margin assumptions and future P/E expectations broadly in line with prior estimates.
EFN
CA$30.17
Element Fleet Management
7D
-2.3%
1Y
3.3%
NVRO
CA$0.14
EnviroGold Global
7D
3.7%
1Y
21.7%
ROOF
CA$0.21
Northstar Clean Technologies
7D
7.7%
1Y
-40.0%
BCBN
CA$0.79
Base Carbon
7D
-6.0%
1Y
97.5%
LUX
CA$0.06
Newlox Gold Ventures
7D
20.0%
1Y
n/a
ECM
CA$0.15
Ecolomondo
7D
-11.4%
1Y
3.3%