Narrative Update • Jun 17

Over the last 7 days, the Commercial Services industry has risen 2.0%, driven by gains from every company within the industry. However, the industry is down 6.6% over the past year. Earnings are forecast to grow by 16% annually.
Has the Spanish Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | €8.1b | €17.0b | €382.8m | 13x | 21.1x | 0.5x |
| Mon, 18 May 2026 | €7.8b | €17.0b | €382.8m | 13.2x | 20.4x | 0.5x |
| Wed, 15 Apr 2026 | €7.8b | €16.6b | €401.3m | 11.2x | 19.5x | 0.5x |
| Fri, 13 Mar 2026 | €7.5b | €16.6b | €401.3m | 10.9x | 18.6x | 0.5x |
| Sun, 08 Feb 2026 | €7.8b | €16.7b | €389.5m | 12x | 20.1x | 0.5x |
| Tue, 06 Jan 2026 | €7.7b | €16.7b | €389.1m | 11.8x | 19.7x | 0.5x |
| Thu, 04 Dec 2025 | €7.8b | €16.7b | €389.1m | 11.8x | 20.1x | 0.5x |
| Sat, 01 Nov 2025 | €8.0b | €16.8b | €393.2m | 12.8x | 20.4x | 0.5x |
| Mon, 29 Sep 2025 | €7.8b | €16.8b | €393.2m | 12.8x | 19.9x | 0.5x |
| Wed, 27 Aug 2025 | €7.7b | €16.8b | €393.2m | 12.4x | 19.6x | 0.5x |
| Fri, 25 Jul 2025 | €8.4b | €16.5b | €480.6m | 15.5x | 17.4x | 0.5x |
| Sun, 22 Jun 2025 | €8.1b | €16.5b | €480.6m | 14.5x | 16.9x | 0.5x |
| Tue, 20 May 2025 | €8.4b | €16.5b | €480.6m | 14.8x | 17.4x | 0.5x |
| Thu, 17 Apr 2025 | €6.9b | €16.3b | €463.8m | 13.1x | 14.8x | 0.4x |
| Sat, 15 Mar 2025 | €6.7b | €16.6b | €784.0m | 10.8x | 8.6x | 0.4x |
| Mon, 10 Feb 2025 | €6.3b | €16.0b | €747.5m | 12.3x | 8.5x | 0.4x |
| Wed, 08 Jan 2025 | €5.9b | €16.0b | €747.5m | 13x | 7.9x | 0.4x |
| Fri, 06 Dec 2024 | €6.0b | €16.0b | €747.5m | 12.9x | 8x | 0.4x |
| Sun, 03 Nov 2024 | €1.9b | €6.4b | €125.0m | 12.5x | 14.8x | 0.3x |
| Tue, 01 Oct 2024 | €1.9b | €6.4b | €124.9m | 13.5x | 15.4x | 0.3x |
| Thu, 29 Aug 2024 | €1.8b | €6.4b | €124.9m | 12.6x | 14.1x | 0.3x |
| Sat, 27 Jul 2024 | €1.8b | €6.3b | €139.5m | 13.5x | 12.8x | 0.3x |
| Mon, 24 Jun 2024 | €1.8b | €6.3b | €139.5m | 13.5x | 13x | 0.3x |
| Wed, 22 May 2024 | €1.8b | €6.3b | €139.5m | 13x | 12.6x | 0.3x |
| Fri, 19 Apr 2024 | €1.6b | €6.2b | €132.9m | 11.3x | 12.4x | 0.3x |
| Sun, 17 Mar 2024 | €1.8b | €6.2b | €132.9m | 11.2x | 13.3x | 0.3x |
| Tue, 13 Feb 2024 | €1.7b | €6.4b | €139.6m | 10.9x | 12.2x | 0.3x |
| Thu, 11 Jan 2024 | €1.8b | €6.4b | €139.1m | 11.7x | 12.8x | 0.3x |
| Sat, 09 Dec 2023 | €1.9b | €6.4b | €139.1m | 12.7x | 13.5x | 0.3x |
| Mon, 06 Nov 2023 | €1.6b | €6.4b | €139.1m | 13.4x | 11.7x | 0.3x |
| Wed, 04 Oct 2023 | €1.8b | €6.4b | €152.1m | 12.4x | 11.8x | 0.3x |
| Fri, 01 Sep 2023 | €1.8b | €6.4b | €152.1m | 12.6x | 12x | 0.3x |
| Sun, 30 Jul 2023 | €2.0b | €6.3b | €161.5m | 13.1x | 12.2x | 0.3x |
| Tue, 27 Jun 2023 | €1.8b | €6.3b | €161.5m | 12.7x | 11.3x | 0.3x |
11.3x
Which industries have driven the changes within the Spanish Industrials industry?
| ES Market | 2.50% | |
| Industrials | 2.89% | |
| Commercial Services | 2.38% | |
| Environmental and Facilities Services | 3.24% | |
| Security and Alarm Services | 0.35% | |
| Diversified Support Services | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FCC Fomento de Construcciones y Contratas | €12.02 | 3.3% +€179.7m | 1.0% | PE34.6x | |
| PSG Prosegur Compañía de Seguridad | €2.69 | 0.4% +€5.3m | -2.7% | PE11.6x | |
| CASH Prosegur Cash | €0.63 | 0.3% +€2.9m | -22.0% | PE10x |