Narrative Update • Jun 18

In the last week, the Commercial Services industry is up 2.5%, with Bilfinger up 8.3%. In the same time, Befesa was down 6.6%. In the last 12 months, the industry was up 7.2%. As for the next few years, earnings are expected to grow by 17% per annum.
Has the German Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | €5.6b | €9.0b | €191.8m | 13.6x | 29x | 0.6x |
| Mon, 18 May 2026 | €5.7b | €9.0b | €189.5m | 14.5x | 30.1x | 0.6x |
| Wed, 15 Apr 2026 | €6.7b | €9.1b | €200.5m | 17.3x | 33.3x | 0.7x |
| Fri, 13 Mar 2026 | €6.1b | €9.1b | €258.7m | 13.9x | 23.6x | 0.7x |
| Sun, 08 Feb 2026 | €7.0b | €9.1b | €275.2m | 14x | 25.6x | 0.8x |
| Tue, 06 Jan 2026 | €6.7b | €9.1b | €275.2m | 13.3x | 24.3x | 0.7x |
| Thu, 04 Dec 2025 | €6.1b | €9.4b | €275.5m | 12.6x | 22.1x | 0.6x |
| Sat, 01 Nov 2025 | €5.9b | €9.3b | €260.9m | 16.2x | 22.6x | 0.6x |
| Mon, 29 Sep 2025 | €5.8b | €9.3b | €263.4m | 17.3x | 22.2x | 0.6x |
| Wed, 27 Aug 2025 | €5.8b | €9.3b | €268.1m | 17.1x | 21.5x | 0.6x |
| Fri, 25 Jul 2025 | €5.9b | €9.3b | €265.6m | 18.2x | 22.1x | 0.6x |
| Sun, 22 Jun 2025 | €5.1b | €9.3b | €265.5m | 16.2x | 19.4x | 0.6x |
| Tue, 20 May 2025 | €5.3b | €9.3b | €264.2m | 16.4x | 20x | 0.6x |
| Thu, 17 Apr 2025 | €4.9b | €9.1b | €258.6m | 15.4x | 19.1x | 0.5x |
| Sat, 15 Mar 2025 | €5.1b | €9.1b | €301.8m | 15.3x | 16.8x | 0.6x |
| Mon, 10 Feb 2025 | €4.2b | €8.9b | €359.2m | 14.2x | 11.6x | 0.5x |
| Wed, 08 Jan 2025 | €4.0b | €8.9b | €359.2m | 12.8x | 11.1x | 0.4x |
| Fri, 06 Dec 2024 | €4.0b | €8.9b | €359.2m | 13.4x | 11.2x | 0.5x |
| Sun, 03 Nov 2024 | €4.0b | €8.8b | €344.9m | 15x | 11.7x | 0.5x |
| Tue, 01 Oct 2024 | €4.5b | €8.8b | €346.8m | 17.2x | 13x | 0.5x |
| Thu, 29 Aug 2024 | €4.5b | €8.7b | €347.7m | 17.2x | 13x | 0.5x |
| Sat, 27 Jul 2024 | €4.7b | €8.6b | €329.2m | 11x | 14.2x | 0.5x |
| Mon, 24 Jun 2024 | €4.8b | €8.6b | €323.3m | 11.9x | 15x | 0.6x |
| Wed, 22 May 2024 | €5.0b | €8.6b | €320.6m | 11.7x | 15.7x | 0.6x |
| Fri, 19 Apr 2024 | €5.1b | €8.6b | €313.5m | 16x | 16.2x | 0.6x |
| Sun, 17 Mar 2024 | €5.0b | €8.7b | €325.4m | 15.8x | 15.5x | 0.6x |
| Tue, 13 Feb 2024 | €4.9b | €8.7b | €215.9m | 16.3x | 22.7x | 0.6x |
| Thu, 11 Jan 2024 | €4.9b | €8.7b | €215.9m | 18.6x | 22.7x | 0.6x |
| Sat, 09 Dec 2023 | €4.9b | €8.7b | €216.3m | 19.2x | 22.5x | 0.6x |
| Mon, 06 Nov 2023 | €4.5b | €8.7b | €200.5m | 21x | 22.5x | 0.5x |
| Wed, 04 Oct 2023 | €4.5b | €8.7b | €235.1m | 17x | 19.1x | 0.5x |
| Fri, 01 Sep 2023 | €4.8b | €8.7b | €234.9m | 19.8x | 20.4x | 0.6x |
| Sun, 30 Jul 2023 | €4.9b | €8.7b | €242.5m | 20.6x | 20.3x | 0.6x |
| Tue, 27 Jun 2023 | €4.8b | €8.7b | €258.4m | 20.3x | 18.5x | 0.5x |
18.5x
Which industries have driven the changes within the German Industrials industry?
| DE Market | 0.63% | |
| Industrials | 3.77% | |
| Commercial Services | 2.53% | |
| Security and Alarm Services | 100.00% | |
| Diversified Support Services | 6.24% | |
| Office Services and Supplies | 2.30% | |
| Environmental and Facilities Services | -6.18% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GBF Bilfinger | €86.20 | 8.3% +€243.8m | 14.4% | PE17.6x | |
| TTK TAKKT | €2.36 | 2.6% +€3.8m | -63.0% | PS0.2x | |
| FPH Francotyp-Postalia Holding | €2.65 | 3.5% +€1.4m | n/a | PE6.5x | |
| EO8 Gomero Group | €1.16 | 7.9% +€335.1k | -38.6% | PS0.9x | |
| TH51 Teleservice | €1.09 | 10.1% +€140.5k | -80.2% | n/a |