Narrative Update • Jun 18

In the last week, the Commercial Services industry is flat overall, with Befesa standing out by going down 5.1%. The past year has been better, since the industry has gained 7.7% in that time. 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | €5.5b | €9.0b | €191.8m | 13.6x | 28.7x | 0.6x |
| Thu, 21 May 2026 | €5.8b | €9.0b | €189.5m | 14.4x | 30.6x | 0.6x |
| Sat, 18 Apr 2026 | €6.6b | €9.1b | €200.5m | 17.5x | 33.1x | 0.7x |
| Mon, 16 Mar 2026 | €5.9b | €9.1b | €258.7m | 13.6x | 22.9x | 0.6x |
| Wed, 11 Feb 2026 | €7.2b | €9.1b | €275.2m | 14.5x | 26.1x | 0.8x |
| Fri, 09 Jan 2026 | €6.8b | €9.1b | €275.2m | 13.6x | 24.5x | 0.7x |
| Sun, 07 Dec 2025 | €6.1b | €9.4b | €275.5m | 12.9x | 22x | 0.6x |
| Tue, 04 Nov 2025 | €5.9b | €9.3b | €276.6m | 12.9x | 21.2x | 0.6x |
| Thu, 02 Oct 2025 | €5.9b | €9.3b | €267.1m | 16.4x | 22.2x | 0.6x |
| Sat, 30 Aug 2025 | €5.6b | €9.3b | €268.1m | 16.6x | 21x | 0.6x |
| Mon, 28 Jul 2025 | €5.8b | €9.3b | €265.6m | 18.2x | 22x | 0.6x |
| Wed, 25 Jun 2025 | €5.2b | €9.3b | €265.5m | 16.2x | 19.6x | 0.6x |
| Fri, 23 May 2025 | €5.3b | €9.3b | €264.2m | 16.6x | 20.2x | 0.6x |
| Sun, 20 Apr 2025 | €4.9b | €9.1b | €258.6m | 14.3x | 19.1x | 0.5x |
| Tue, 18 Mar 2025 | €5.1b | €9.1b | €301.8m | 15x | 17x | 0.6x |
| Thu, 13 Feb 2025 | €4.2b | €8.9b | €359.2m | 13.7x | 11.7x | 0.5x |
| Sat, 11 Jan 2025 | €4.0b | €8.9b | €359.2m | 12.8x | 11.1x | 0.4x |
| Mon, 09 Dec 2024 | €4.0b | €8.9b | €359.2m | 13.5x | 11.2x | 0.5x |
| Wed, 06 Nov 2024 | €4.1b | €8.7b | €339.1m | 13.1x | 12x | 0.5x |
| Fri, 04 Oct 2024 | €4.5b | €8.8b | €346.7m | 18x | 13.1x | 0.5x |
| Sun, 01 Sep 2024 | €4.5b | €8.7b | €346.9m | 18x | 13.1x | 0.5x |
| Tue, 30 Jul 2024 | €4.7b | €8.6b | €329.2m | 11.5x | 14.3x | 0.5x |
| Thu, 27 Jun 2024 | €4.8b | €8.6b | €323.3m | 11.7x | 15x | 0.6x |
| Sat, 25 May 2024 | €5.1b | €8.6b | €320.6m | 11.6x | 15.8x | 0.6x |
| Mon, 22 Apr 2024 | €5.0b | €8.6b | €313.5m | 17.2x | 16x | 0.6x |
| Wed, 20 Mar 2024 | €5.0b | €8.7b | €325.4m | 16.1x | 15.5x | 0.6x |
| Fri, 16 Feb 2024 | €5.1b | €13.2b | €504.2m | 16.2x | 10.1x | 0.4x |
| Sun, 14 Jan 2024 | €5.0b | €8.7b | €215.9m | 19.1x | 23.2x | 0.6x |
| Tue, 12 Dec 2023 | €4.9b | €8.7b | €216.3m | 19.3x | 22.4x | 0.6x |
| Thu, 09 Nov 2023 | €4.6b | €8.7b | €200.6m | 21.3x | 22.9x | 0.5x |
| Sat, 07 Oct 2023 | €4.6b | €8.7b | €235.1m | 17.4x | 19.7x | 0.5x |
| Mon, 04 Sep 2023 | €4.8b | €8.7b | €236.0m | 18.8x | 20.3x | 0.6x |
| Wed, 02 Aug 2023 | €5.0b | €8.7b | €242.5m | 20.3x | 20.4x | 0.6x |
| Fri, 30 Jun 2023 | €5.0b | €8.7b | €258.4m | 19.1x | 19.2x | 0.6x |
19.2x
Which industries have driven the changes within the German Industrials industry?
| DE Market | 0.10% | |
| Industrials | 3.11% | |
| Commercial Services | -1.84% | |
| Security and Alarm Services | 11,900.00% | |
| Office Services and Supplies | 0.93% | |
| Diversified Support Services | -0.85% | |
| Environmental and Facilities Services | -4.77% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FPH Francotyp-Postalia Holding | €2.65 | 1.9% +€779.7k | n/a | PE6.5x | |
| EO8 Gomero Group | €1.16 | 7.9% +€335.1k | -38.6% | PS0.9x | |
| TGT 11880 Solutions | €0.52 | 2.0% +€262.3k | -19.4% | PE10.7x | |
| TH51 Teleservice | €1.09 | 10.1% +€140.5k | -80.2% | n/a | |
| 75S sdm | €0.035 | 18.3% +€20.9k | -97.7% | PS0.003x |