Narrative Update • Jun 01
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Canadian (TSX) Commercial Services Industry Analysis
UpdatedJun 01, 2026
DataAggregated Company Financials
Companies21
- 7D-3.8%
- 3M-20.3%
- 1Y-20.6%
- YTD-19.0%
Over the last 7 days, the Commercial Services industry has dropped 3.8%, driven by declines in Element Fleet Management and GFL Environmental of 7.6% and 4.5%, respectively. In contrast, Calian Group has gained 6.6%. The industry has fallen 21% in the last year. Earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Canadian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | CA$36.7b | CA$18.8b | CA$745.2m | 27.2x | 49.3x | 2x |
| Fri, 01 May 2026 | CA$41.4b | CA$18.1b | CA$708.0m | 32x | 58.5x | 2.3x |
| Sun, 29 Mar 2026 | CA$40.4b | CA$18.2b | CA$709.6m | 30.6x | 56.9x | 2.2x |
| Tue, 24 Feb 2026 | CA$46.3b | CA$20.3b | CA$907.2m | 23.7x | 51x | 2.3x |
| Thu, 22 Jan 2026 | CA$45.9b | CA$22.0b | CA$776.6m | 23.1x | 59.1x | 2.1x |
| Sat, 20 Dec 2025 | CA$46.5b | CA$22.0b | CA$775.2m | 23.7x | 60x | 2.1x |
| Mon, 17 Nov 2025 | CA$46.6b | CA$22.1b | CA$766.0m | 19.9x | 60.9x | 2.1x |
| Wed, 15 Oct 2025 | CA$47.1b | CA$21.8b | CA$615.9m | 21.8x | 76.5x | 2.2x |
| Fri, 12 Sep 2025 | CA$47.9b | CA$20.9b | CA$607.6m | 21.8x | 78.8x | 2.3x |
| Sun, 10 Aug 2025 | CA$47.9b | CA$20.9b | CA$619.0m | 24.6x | 77.4x | 2.3x |
| Tue, 08 Jul 2025 | CA$46.2b | CA$20.8b | -CA$217,276,517.67 | 20.9x | -212.6x | 2.2x |
| Thu, 05 Jun 2025 | CA$45.6b | CA$20.8b | -CA$201,296,986.77 | 20.1x | -226.7x | 2.2x |
| Sat, 03 May 2025 | CA$45.3b | CA$20.8b | -CA$241,044,947.88 | 23.4x | -188.1x | 2.2x |
| Mon, 31 Mar 2025 | CA$46.3b | CA$20.9b | -CA$164,241,533.65 | 21.6x | -281.8x | 2.2x |
| Wed, 26 Feb 2025 | CA$46.1b | CA$21.0b | -CA$118,089,702.16 | 22.3x | -390.5x | 2.2x |
| Fri, 24 Jan 2025 | CA$44.2b | CA$21.0b | CA$29.5m | 23.2x | 1501.7x | 2.1x |
| Sun, 22 Dec 2024 | CA$45.3b | CA$21.0b | CA$29.3m | 23.7x | 1547.2x | 2.2x |
| Tue, 19 Nov 2024 | CA$43.8b | CA$20.8b | CA$15.2m | 22.3x | 2887.2x | 2.1x |
| Thu, 17 Oct 2024 | CA$42.3b | CA$20.5b | -CA$93,723,542.13 | 24.5x | -451.2x | 2.1x |
| Sat, 14 Sep 2024 | CA$40.3b | CA$20.4b | -CA$100,323,278.94 | 23x | -401.8x | 2x |
| Mon, 12 Aug 2024 | CA$38.9b | CA$20.5b | -CA$15,499,710.31 | 32.1x | -2512.5x | 1.9x |
| Wed, 10 Jul 2024 | CA$38.8b | CA$20.2b | CA$648.0m | 30.3x | 59.9x | 1.9x |
| Fri, 07 Jun 2024 | CA$37.9b | CA$20.4b | CA$617.2m | 32.4x | 61.5x | 1.9x |
| Sun, 05 May 2024 | CA$35.2b | CA$20.0b | CA$647.4m | 20.7x | 54.4x | 1.8x |
| Tue, 02 Apr 2024 | CA$36.0b | CA$20.0b | CA$561.1m | 28.9x | 64.2x | 1.8x |
| Thu, 29 Feb 2024 | CA$37.8b | CA$19.6b | CA$552.4m | 26.3x | 68.4x | 1.9x |
| Sat, 27 Jan 2024 | CA$36.1b | CA$19.7b | CA$220.8m | 23.9x | 163.4x | 1.8x |
| Mon, 25 Dec 2023 | CA$34.5b | CA$19.6b | CA$212.1m | 21.9x | 162.7x | 1.8x |
| Wed, 22 Nov 2023 | CA$24.6b | CA$17.9b | -CA$207,991,632.00 | 19.4x | -118.1x | 1.4x |
| Fri, 20 Oct 2023 | CA$24.1b | CA$17.5b | -CA$403,658,674.00 | 28.6x | -59.7x | 1.4x |
| Sun, 17 Sep 2023 | CA$26.3b | CA$17.4b | -CA$406,523,633.00 | 30.7x | -64.7x | 1.5x |
| Tue, 15 Aug 2023 | CA$25.8b | CA$17.4b | -CA$305,774,764.00 | 24.9x | -84.5x | 1.5x |
| Thu, 13 Jul 2023 | CA$27.9b | CA$16.5b | -CA$682,640,781.00 | 26.6x | -40.8x | 1.7x |
| Sat, 10 Jun 2023 | CA$27.9b | CA$16.6b | -CA$689,867,286.00 | 25.2x | -40.5x | 1.7x |
Price to Earnings Ratio
-40.5x
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 49.3x which is lower than its 3-year average PE of 117x.
- 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 4.2% 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 | -0.35% | |
| Industrials | 1.00% | |
| Commercial Services | -3.82% | |
| Security and Alarm Services | 116.00% | |
| Office Services and Supplies | 0% | 0 |
| Commercial Printing | -0.58% | |
| Diversified Support Services | -0.88% | |
| Environmental and Facilities Services | -7.01% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 21.9x.
- 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 6.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 42% 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 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CGY Calian Group | CA$91.85 | 6.1% +CA$60.8m | 129.3% | PE31.9x | |
| BDI Black Diamond Group | CA$19.61 | 2.6% +CA$34.3m | 107.5% | PE42.5x | |
| BCBN Base Carbon | CA$0.80 | 6.7% +CA$5.0m | -5.9% | PS26.6x | |
| NVRO NVRO Metals | CA$0.17 | 2.9% +CA$2.6m | 118.8% | PS955.2x | |
| UAV.X Global UAV Technologies | CA$0.21 | 19.4% +CA$1.5m | -23.2% | PE-89.9x |