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Canadian (TSX) Commercial Services Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.5%
  • 3M-5.8%
  • 1Y-0.9%
  • YTD-4.1%

Over the last 7 days, the Commercial Services industry has dropped 3.5%, driven by pullbacks in GFL Environmental and Element Fleet Management of 2.6% and 3.8%, respectively. In contrast, Global UAV Technologies has gained 114%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026CA$43.4bCA$18.0bCA$653.9m30.9x66.4x2.4x
Mon, 09 Feb 2026CA$46.6bCA$21.9bCA$773.0m23.5x60.3x2.1x
Wed, 07 Jan 2026CA$46.1bCA$22.0bCA$775.7m23.6x59.4x2.1x
Fri, 05 Dec 2025CA$48.1bCA$22.0bCA$785.0m23.4x61.3x2.2x
Sun, 02 Nov 2025CA$46.7bCA$21.8bCA$620.1m22.9x75.3x2.1x
Tue, 30 Sep 2025CA$47.4bCA$21.7bCA$611.1m21.7x77.5x2.2x
Thu, 28 Aug 2025CA$48.6bCA$20.9bCA$592.4m23.9x82x2.3x
Sat, 26 Jul 2025CA$46.8bCA$20.8b-CA$215,798,151.8925x-216.7x2.3x
Mon, 23 Jun 2025CA$46.5bCA$20.8b-CA$198,951,228.0219.7x-233.6x2.2x
Wed, 21 May 2025CA$46.4bCA$20.9b-CA$194,384,294.9720.6x-238.9x2.2x
Fri, 18 Apr 2025CA$44.3bCA$20.7b-CA$237,179,981.6822.8x-186.8x2.1x
Sun, 16 Mar 2025CA$45.4bCA$20.9b-CA$132,940,904.7820.4x-341.4x2.2x
Tue, 11 Feb 2025CA$45.9bCA$20.9bCA$27.0m22.1x1700.5x2.2x
Thu, 09 Jan 2025CA$44.5bCA$21.0bCA$29.8m23.3x1496x2.1x
Sat, 07 Dec 2024CA$45.8bCA$20.9bCA$20.3m23.3x2250.6x2.2x
Mon, 04 Nov 2024CA$42.7bCA$20.5b-CA$92,287,163.0227x-463.1x2.1x
Wed, 02 Oct 2024CA$40.8bCA$20.3b-CA$104,429,506.1724.1x-390.9x2x
Fri, 30 Aug 2024CA$41.1bCA$20.3b-CA$116,887,834.2724x-351.9x2x
Sun, 28 Jul 2024CA$39.0bCA$20.3bCA$667.8m31.5x58.4x1.9x
Tue, 25 Jun 2024CA$38.2bCA$20.4bCA$619.0m30.2x61.8x1.9x
Thu, 23 May 2024CA$34.6bCA$20.4bCA$617.1m31.2x56x1.7x
Sat, 20 Apr 2024CA$35.3bCA$20.1bCA$606.5m21.5x58.3x1.8x
Mon, 18 Mar 2024CA$36.3bCA$19.8bCA$560.0m29.8x64.9x1.8x
Wed, 14 Feb 2024CA$36.6bCA$19.5bCA$293.3m23.2x124.6x1.9x
Fri, 12 Jan 2024CA$34.9bCA$19.7bCA$214.5m22.1x162.8x1.8x
Sun, 10 Dec 2023CA$32.5bCA$19.8bCA$218.7m19.9x148.7x1.6x
Tue, 07 Nov 2023CA$24.3bCA$17.5b-CA$195,578,530.0025.4x-124x1.4x
Thu, 05 Oct 2023CA$24.8bCA$17.5b-CA$403,223,478.0029x-61.5x1.4x
Sat, 02 Sep 2023CA$25.7bCA$17.5b-CA$422,483,974.0024.7x-60.9x1.5x
Mon, 31 Jul 2023CA$26.6bCA$16.8b-CA$472,536,427.0027.4x-56.3x1.6x
Wed, 28 Jun 2023CA$27.8bCA$16.5b-CA$682,630,218.0024x-40.8x1.7x
Fri, 26 May 2023CA$27.7bCA$16.6b-CA$687,011,677.0023.7x-40.3x1.7x
Sun, 23 Apr 2023CA$26.5bCA$15.8b-CA$357,500,040.0019.3x-74x1.7x
Tue, 21 Mar 2023CA$24.6bCA$15.6b-CA$328,637,711.0015.6x-74.9x1.6x
Price to Earnings Ratio

-74.9x


Total Market Cap: CA$24.6bTotal Earnings: -CA$328,637,711.00Total Revenue: CA$15.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Commercial Services Industry Price to Earnings3Y Average 108.7x202420252026
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 66.4x which is lower than its 3-year average PE of 109x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.
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 4.9% 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-1.77%
Industrials-3.38%
Commercial Services-3.53%
Security and Alarm Services4.10%
Commercial Printing1.36%
Office Services and Supplies0%0
Environmental and Facilities Services-2.44%
Diversified Support Services-4.65%
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 12.4%, 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 43% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% 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
UAV.X Global UAV TechnologiesCA$0.30114.3%
+CA$7.0m		-2.6%PE-128.2x
ANRG AnaergiaCA$2.261.3%
+CA$5.1m		137.9%PS2.7x
PLAS PlasCred Circular InnovationsCA$0.1926.7%
+CA$3.6m		245.5%PE-6.6x
LUX Newlox Gold VenturesCA$0.0525.0%
+CA$2.2m		n/aPS13.9x
BLM BluMetric EnvironmentalCA$1.054.0%
+CA$2.2m		1.0%PS0.8x

Latest News

CGY
CA$77.24
Calian Group
7D
-7.3%
1Y
83.9%

CGY: Defence Partnerships And Refined Expectations Will Shape A Balanced Return Profile

The updated analyst price target for Calian Group edges higher to CA$84.07 from CA$82.64. This reflects analysts' refreshed views following a series of upward target revisions from CA$66 to CA$78 and from CA$63 to CA$80, as well as a new bullish initiation.
DCM
CA$1.49
DATA Communications Management
7D
1.4%
1Y
-22.4%
LUX
CA$0.05
Newlox Gold Ventures
7D
25.0%
1Y
n/a
DXT
CA$11.92
Dexterra Group
7D
-7.5%
1Y
60.6%
BDI
CA$15.89
Black Diamond Group
7D
-3.1%
1Y
87.8%

BDI: Higher Margin Outlook And Elevated P E Expectations Will Shape Returns

The analyst price target for Black Diamond Group has shifted from CA$19.00 to about CA$20.46. Analysts point to updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of their revised view.
BYD
CA$211.06
Boyd Group Services
7D
-6.1%
1Y
-7.6%

BYD: Future Upside Will Rely On Outperform Reaffirmation And Dividend Support

Analysts have adjusted their CA$264 price target on Boyd Group Services only marginally. The change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, while maintaining a broadly consistent view of value following recent research coverage resumptions with Outperform ratings.
PYR
CA$0.58
PyroGenesis
7D
-13.4%
1Y
0%
GFL
CA$59.00
GFL Environmental
7D
-2.6%
1Y
-11.3%

GFL: Share Repurchases And Dividend Aristocrat Status Will Support Upside Potential

Analysts have trimmed their fair value estimate for GFL Environmental from CA$89.00 to CA$87.00 as they balance a higher discount rate and lower profit margin assumptions against stronger projected revenue growth and a higher future P/E multiple. What's in the News GFL Environmental announced a normal course issuer bid to repurchase up to 34,657,586 subordinate voting shares, equal to 10% of its 346,575,862 issued and outstanding subordinate voting shares, with the bid set to expire on March 2, 2027 (Key Developments).
ANRG
CA$2.26
Anaergia
7D
1.3%
1Y
137.9%

ANRG: New Circular Projects Will Support Future Cash Flow Upside

Analysts have modestly adjusted their price target on Anaergia to CA$5.08, reflecting slightly updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, while keeping their overall fair value view essentially unchanged. What's in the News Anaergia, through subsidiary Anaergia S.r.l., agreed to supply its anaerobic digestion technology to Circular Renewable Evolution S.r.l. as part of a €50 million initiative at Eni's Gela biorefinery, including about C$13 million of equipment and systems (Key Developments).
NVRO
CA$0.13
EnviroGold Global
7D
-7.1%
1Y
18.2%
EFN
CA$30.81
Element Fleet Management
7D
-3.8%
1Y
11.9%
BLM
CA$1.05
BluMetric Environmental
7D
4.0%
1Y
1.0%
PLAS
CA$0.19
PlasCred Circular Innovations
7D
26.7%
1Y
245.5%
BQE
CA$68.00
BQE Water
7D
2.1%
1Y
30.0%
SECU
CA$2.03
SSC Security Services
7D
4.1%
1Y
-17.5%

SSC Security Services (CVE:SECU) Is Due To Pay A Dividend Of CA$0.03

Feb 14
SSC Security Services (CVE:SECU) Is Due To Pay A Dividend Of CA$0.03
UAV.X
CA$0.30
Global UAV Technologies
7D
114.3%
1Y
-2.6%