Narrative Update • Sep 03

Over the last 7 days, the Commercial Services industry has dropped 1.6%, driven by a pullback from Rentokil Initial of 3.2%. In contrast, Restore has gained 8.0%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 21% per annum.
Has the U.K. Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Sep 2026 | UK£15.6b | UK£18.7b | UK£605.5m | 22x | 25.8x | 0.8x |
| Thu, 13 Aug 2026 | UK£16.5b | UK£18.7b | UK£605.8m | 26.9x | 27.3x | 0.9x |
| Sat, 11 Jul 2026 | UK£17.3b | UK£18.5b | UK£544.8m | 23x | 31.8x | 0.9x |
| Mon, 08 Jun 2026 | UK£17.9b | UK£18.5b | UK£546.7m | 25.5x | 32.7x | 1x |
| Wed, 06 May 2026 | UK£19.4b | UK£18.1b | UK£560.7m | 20.7x | 34.6x | 1.1x |
| Fri, 03 Apr 2026 | UK£19.3b | UK£18.2b | UK£566.5m | 21.5x | 34.1x | 1.1x |
| Sun, 01 Mar 2026 | UK£18.8b | UK£18.5b | UK£521.3m | 26.6x | 36.1x | 1x |
| Tue, 27 Jan 2026 | UK£19.1b | UK£18.4b | UK£510.0m | 25.8x | 37.5x | 1x |
| Thu, 25 Dec 2025 | UK£18.0b | UK£18.4b | UK£492.4m | 25.7x | 36.6x | 1x |
| Sat, 22 Nov 2025 | UK£16.4b | UK£18.1b | UK£477.7m | 23.6x | 34.4x | 0.9x |
| Mon, 20 Oct 2025 | UK£16.2b | UK£17.9b | UK£482.0m | 24.3x | 33.7x | 0.9x |
| Wed, 17 Sep 2025 | UK£15.3b | UK£18.1b | UK£487.2m | 26.5x | 31.4x | 0.8x |
| Fri, 15 Aug 2025 | UK£15.5b | UK£18.1b | UK£485.9m | 27.7x | 32x | 0.9x |
| Sun, 13 Jul 2025 | UK£14.5b | UK£18.0b | UK£547.3m | 28.6x | 26.5x | 0.8x |
| Tue, 10 Jun 2025 | UK£15.4b | UK£19.5b | UK£580.1m | 27.5x | 26.5x | 0.8x |
| Thu, 08 May 2025 | UK£15.2b | UK£19.2b | UK£599.3m | 26.9x | 25.3x | 0.8x |
| Sat, 05 Apr 2025 | UK£14.0b | UK£19.2b | UK£589.5m | 25.1x | 23.8x | 0.7x |
| Mon, 03 Mar 2025 | UK£15.7b | UK£19.0b | UK£656.7m | 32.4x | 24x | 0.8x |
| Wed, 29 Jan 2025 | UK£15.2b | UK£19.0b | UK£752.1m | 25.2x | 20.2x | 0.8x |
| Fri, 27 Dec 2024 | UK£15.5b | UK£18.9b | UK£751.9m | 25.5x | 20.6x | 0.8x |
| Sun, 24 Nov 2024 | UK£15.7b | UK£18.9b | UK£748.8m | 19x | 20.9x | 0.8x |
| Tue, 22 Oct 2024 | UK£15.2b | UK£18.5b | UK£767.9m | 18.2x | 19.7x | 0.8x |
| Thu, 19 Sep 2024 | UK£15.1b | UK£18.5b | UK£766.4m | 20.1x | 19.7x | 0.8x |
| Sat, 17 Aug 2024 | UK£18.3b | UK£18.5b | UK£750.5m | 18.5x | 24.3x | 1x |
| Mon, 15 Jul 2024 | UK£17.9b | UK£18.5b | UK£763.4m | 16.2x | 23.4x | 1x |
| Wed, 12 Jun 2024 | UK£16.5b | UK£18.6b | UK£768.1m | 15.4x | 21.5x | 0.9x |
| Fri, 10 May 2024 | UK£16.7b | UK£18.5b | UK£741.8m | 15x | 22.5x | 0.9x |
| Sun, 07 Apr 2024 | UK£19.0b | UK£18.6b | UK£772.1m | 15.8x | 24.6x | 1x |
| Tue, 05 Mar 2024 | UK£18.2b | UK£18.0b | UK£703.2m | 15.8x | 25.9x | 1x |
| Thu, 01 Feb 2024 | UK£23.4b | UK£21.8b | UK£900.4m | 17.9x | 26x | 1.1x |
| Sat, 30 Dec 2023 | UK£24.1b | UK£21.8b | UK£903.9m | 20.2x | 26.7x | 1.1x |
| Mon, 27 Nov 2023 | UK£24.1b | UK£22.1b | UK£846.2m | 22.6x | 28.4x | 1.1x |
| Wed, 25 Oct 2023 | UK£24.0b | UK£21.9b | UK£850.1m | 19.5x | 28.2x | 1.1x |
| Fri, 22 Sep 2023 | UK£27.7b | UK£21.9b | UK£849.5m | 19.1x | 32.6x | 1.3x |
32.6x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | -1.48% | |
| Industrials | -2.40% | |
| Commercial Services | -1.62% | |
| Commercial Printing | 0% | 0 |
| Office Services and Supplies | 0% | 0 |
| Security and Alarm Services | 0% | 0 |
| Diversified Support Services | -0.26% | |
| Environmental and Facilities Services | -1.92% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RST Restore | UK£3.09 | 8.0% +UK£31.0m | 17.5% | PE160x | |
| SRP Serco Group | UK£2.53 | 0.7% +UK£17.5m | 13.0% | PE16.1x | |
| SFT Software Circle | UK£0.20 | 21.2% +UK£13.7m | -24.5% | PS3.5x | |
| FRAN Franchise Brands | UK£1.57 | 2.3% +UK£6.7m | 12.6% | PE27.6x | |
| HSP Hargreaves Services | UK£8.58 | 1.7% +UK£4.3m | 18.2% | PE8.6x |