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Canadian (TSX) Commercial Services Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies21
  • 7D2.6%
  • 3M-15.7%
  • 1Y-19.7%
  • YTD-18.0%

In the last week, the Commercial Services industry is up 2.6%, with GFL Environmental up 5.7%. Meanwhile, Boyd Group Services actually underperformed within the industry, shrinking 5.6% in the last week. In contrast, the industry has lost 20% in the last 12 months. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026CA$36.8bCA$18.8bCA$749.0m28.4x49.2x2x
Sat, 09 May 2026CA$38.8bCA$18.4bCA$728.4m28.6x53.3x2.1x
Mon, 06 Apr 2026CA$43.5bCA$18.3bCA$720.2m31.3x60.4x2.4x
Wed, 04 Mar 2026CA$45.9bCA$18.0bCA$653.4m33.2x70.2x2.6x
Fri, 30 Jan 2026CA$46.0bCA$21.8bCA$765.9m23x60.1x2.1x
Sun, 28 Dec 2025CA$46.7bCA$21.9bCA$769.6m24.1x60.7x2.1x
Tue, 25 Nov 2025CA$47.7bCA$22.1bCA$768.7m21.4x62.1x2.2x
Thu, 23 Oct 2025CA$47.2bCA$21.8bCA$613.6m22.4x76.9x2.2x
Sat, 20 Sep 2025CA$47.1bCA$21.7bCA$605.8m21.9x77.7x2.2x
Mon, 18 Aug 2025CA$48.3bCA$20.9bCA$597.9m24.4x80.8x2.3x
Wed, 16 Jul 2025CA$46.9bCA$20.8b-CA$215,143,667.0322.3x-217.8x2.3x
Fri, 13 Jun 2025CA$46.0bCA$20.7b-CA$204,300,508.9519.6x-225.3x2.2x
Sun, 11 May 2025CA$46.0bCA$20.9b-CA$213,490,876.6621.7x-215.3x2.2x
Tue, 08 Apr 2025CA$44.1bCA$20.9b-CA$219,945,727.0621.9x-200.6x2.1x
Thu, 06 Mar 2025CA$45.6bCA$21.0b-CA$157,432,321.3820.8x-289.6x2.2x
Sat, 01 Feb 2025CA$45.5bCA$21.0bCA$36.9m23.2x1233.7x2.2x
Mon, 30 Dec 2024CA$45.4bCA$21.0bCA$31.1m23.7x1458.1x2.2x
Wed, 27 Nov 2024CA$46.3bCA$20.8bCA$29.7m24.8x1560.1x2.2x
Fri, 25 Oct 2024CA$42.8bCA$20.5b-CA$89,476,719.0123.7x-477.9x2.1x
Sun, 22 Sep 2024CA$40.5bCA$20.4b-CA$101,448,046.1223.8x-398.9x2x
Tue, 20 Aug 2024CA$40.6bCA$20.4b-CA$103,623,611.0332.7x-391.6x2x
Thu, 18 Jul 2024CA$39.6bCA$20.3bCA$660.8m30.5x59.9x2x
Sat, 15 Jun 2024CA$38.4bCA$20.4bCA$622.6m31.6x61.6x1.9x
Mon, 13 May 2024CA$34.7bCA$20.1bCA$639.2m21.3x54.4x1.7x
Wed, 10 Apr 2024CA$36.4bCA$20.0bCA$601.3m29.9x60.5x1.8x
Fri, 08 Mar 2024CA$37.0bCA$19.7bCA$554.0m30.2x66.8x1.9x
Sun, 04 Feb 2024CA$37.4bCA$19.7bCA$219.5m22.7x170.3x1.9x
Tue, 02 Jan 2024CA$35.2bCA$19.6bCA$211.9m21.9x166.2x1.8x
Thu, 30 Nov 2023CA$23.2bCA$17.8b-CA$207,281,533.0017.4x-112.1x1.3x
Sat, 28 Oct 2023CA$23.1bCA$17.5b-CA$400,540,066.0026.5x-57.8x1.3x
Mon, 25 Sep 2023CA$25.6bCA$17.4b-CA$407,511,146.0031x-62.9x1.5x
Wed, 23 Aug 2023CA$26.3bCA$17.4b-CA$417,587,047.0018.6x-62.9x1.5x
Fri, 21 Jul 2023CA$28.2bCA$16.5b-CA$682,601,826.0027.4x-41.3x1.7x
Sun, 18 Jun 2023CA$28.2bCA$16.5b-CA$682,538,338.0026.2x-41.4x1.7x
Price to Earnings Ratio

-41.4x


Total Market Cap: CA$28.2bTotal Earnings: -CA$682,538,338.00Total Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 118x202420252026
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 118x.
  • 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 4.4% 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-2.46%
Industrials-0.71%
Commercial Services2.63%
Environmental and Facilities Services6.21%
Security and Alarm Services0.23%
Office Services and Supplies0%0
Diversified Support Services-0.75%
Commercial Printing-2.37%
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 23.3x.
    • 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 6.9x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 41% 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 7.0% 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$51.005.7%
+CA$997.1m		-25.2%PE87.5x
EFN Element Fleet ManagementCA$26.060.2%
+CA$23.8m		-20.0%PE25.1x
KBL K-Bro LinenCA$42.524.1%
+CA$21.5m		16.2%PE28.1x
NVRO NVRO MetalsCA$0.2017.1%
+CA$15.9m		127.8%PS1111.5x
BLM BluMetric EnvironmentalCA$0.8914.1%
+CA$6.0m		-44.4%PS0.7x

Latest News

ANRG
CA$2.59
Anaergia
7D
-7.2%
1Y
86.3%
PLAS
CA$0.21
PlasCred Circular Innovations
7D
23.5%
1Y
200.0%
DXT
CA$12.88
Dexterra Group
7D
0.5%
1Y
47.7%
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$0.22
PyroGenesis
7D
-13.7%
1Y
-54.6%
GFL
CA$51.00
GFL Environmental
7D
5.7%
1Y
-25.2%
BYD
CA$133.12
Boyd Group Services
7D
-5.6%
1Y
-33.7%
Narrative Update • Jun 05

BYD: Future Upside Will Depend On Reset P/E And Margin Execution

Analysts have reduced their CA$ price targets on Boyd Group Services by roughly CA$25 in aggregate, citing updated assumptions that include more moderate revenue growth expectations, a higher discount rate, a lower future P/E, and an adjusted view on profit margins. Analyst Commentary Recent Street research updates on Boyd Group Services point to a more cautious stance on valuation, with several firms trimming their price targets by amounts ranging from CA$7 to CA$43.
BQE
CA$67.50
BQE Water
7D
-7.5%
1Y
35.0%
CGY
CA$82.32
Calian Group
7D
-8.6%
1Y
80.2%
Narrative Update • Jun 04

CGY: Defence Strategy Role And Credit Capacity Shape Balanced Future Outlook

The analyst price target for Calian Group has been lifted to CA$100, up from CA$90, as analysts highlight the company's role as Canada's Defence Industrial Strategy champion and its focus on profitable growth with potential margin expansion. Analyst Commentary Recent research points to a more constructive view on Calian Group, with bullish analysts lifting price targets into the C$90 to C$100 range and tying their outlook to the company’s positioning within Canada’s Defence Industrial Strategy and its focus on profitable growth.
BDI
CA$18.69
Black Diamond Group
7D
-3.2%
1Y
96.1%
Narrative Update • Jun 03

BDI: Share Repurchases And Updated Assumptions May Support Future Repricing

Narrative Update: Black Diamond Group The analyst price target for Black Diamond Group has been adjusted to CA$20.79 from CA$20.46, with analysts pointing to updated assumptions on revenue growth, profit margins and future P/E expectations behind the change. What's in the News Black Diamond Group announced a normal course issuer bid that allows the company to repurchase up to 5,261,698 shares, or 7.59% of its issued share capital, with all repurchased shares to be cancelled.
YES
CA$0.25
CHAR Technologies
7D
-10.7%
1Y
-3.8%
EFN
CA$26.06
Element Fleet Management
7D
0.2%
1Y
-20.0%
Narrative Update • Jun 01

EFN: Higher Margins And Conservative Future P E Multiple Will Support Upside

Analysts lowered their CA$ fair value estimate for Element Fleet Management from CA$42.55 to CA$40.70, reflecting recent cuts to Street price targets and updated assumptions on the discount rate, revenue, profit margin, and future P/E. Analyst Commentary Recent target cuts from Street research are shaping how analysts think about Element Fleet Management’s valuation and execution risk.
NVRO
CA$0.20
NVRO Metals
7D
17.1%
1Y
127.8%
BLM
CA$0.89
BluMetric Environmental
7D
14.1%
1Y
-44.4%
SERV
CA$1.95
Elevate Service Group
7D
0.5%
1Y
n/a
KBL
CA$42.52
K-Bro Linen
7D
4.1%
1Y
16.2%
BCBN
CA$0.73
Base Carbon
7D
-17.0%
1Y
-14.1%