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U.K. (FTSE) Commercial Services Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.4%
  • 3M-0.1%
  • 1Y26.7%
  • YTD4.5%

Over the last 7 days, the Commercial Services industry has remained flat, although notably Serco Group gained 3.7%. The past year has been better, since the industry has gained 27% in that time. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the U.K. Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026UK£18.8bUK£18.1bUK£565.2m23.6x33.2x1x
Tue, 21 Apr 2026UK£19.8bUK£18.1bUK£561.4m22.1x35.3x1.1x
Thu, 19 Mar 2026UK£19.5bUK£18.2bUK£565.7m22.6x34.5x1.1x
Sat, 14 Feb 2026UK£18.4bUK£18.5bUK£518.1m25.7x35.6x1x
Mon, 12 Jan 2026UK£19.0bUK£18.5bUK£515.7m26.6x36.8x1x
Wed, 10 Dec 2025UK£17.2bUK£18.4bUK£492.4m23.9x34.9x0.9x
Fri, 07 Nov 2025UK£16.7bUK£17.9bUK£482.0m23x34.7x0.9x
Sun, 05 Oct 2025UK£15.9bUK£17.9bUK£482.2m27.2x33x0.9x
Tue, 02 Sep 2025UK£15.1bUK£18.1bUK£485.9m27.5x31.1x0.8x
Thu, 31 Jul 2025UK£14.5bUK£18.0bUK£545.0m28.2x26.6x0.8x
Sat, 28 Jun 2025UK£15.0bUK£18.0bUK£554.5m29.4x27x0.8x
Mon, 26 May 2025UK£15.5bUK£19.2bUK£599.6m27.3x25.8x0.8x
Wed, 23 Apr 2025UK£14.5bUK£19.2bUK£594.3m25.9x24.5x0.8x
Fri, 21 Mar 2025UK£14.3bUK£19.0bUK£585.1m27.6x24.5x0.8x
Sun, 16 Feb 2025UK£16.5bUK£18.9bUK£751.8m27.1x21.9x0.9x
Tue, 14 Jan 2025UK£15.0bUK£19.0bUK£752.2m24.9x19.9x0.8x
Thu, 12 Dec 2024UK£16.0bUK£18.9bUK£756.7m25.7x21.1x0.8x
Sat, 09 Nov 2024UK£15.7bUK£18.5bUK£767.7m19.4x20.4x0.8x
Mon, 07 Oct 2024UK£15.0bUK£18.5bUK£768.0m18.3x19.6x0.8x
Wed, 04 Sep 2024UK£18.0bUK£18.5bUK£753.9m18.1x23.9x1x
Fri, 02 Aug 2024UK£17.8bUK£18.6bUK£809.4m18.1x21.9x1x
Sun, 30 Jun 2024UK£17.6bUK£18.6bUK£769.5m15x22.9x0.9x
Tue, 28 May 2024UK£16.6bUK£18.5bUK£740.5m15.7x22.4x0.9x
Thu, 25 Apr 2024UK£18.1bUK£18.7bUK£778.2m16.2x23.3x1x
Sat, 23 Mar 2024UK£19.2bUK£18.6bUK£775.4m15.6x24.8x1x
Mon, 19 Feb 2024UK£18.1bUK£17.9bUK£712.9m16.4x25.4x1x
Wed, 17 Jan 2024UK£23.4bUK£21.8bUK£903.5m19x25.9x1.1x
Fri, 15 Dec 2023UK£23.7bUK£22.2bUK£847.7m20x28x1.1x
Sun, 12 Nov 2023UK£23.7bUK£21.9bUK£834.1m20.6x28.4x1.1x
Tue, 10 Oct 2023UK£27.4bUK£21.9bUK£849.7m21.5x32.2x1.3x
Thu, 07 Sep 2023UK£27.4bUK£21.8bUK£851.4m24.3x32.1x1.3x
Sat, 05 Aug 2023UK£27.9bUK£21.8bUK£881.7m23.8x31.7x1.3x
Mon, 03 Jul 2023UK£28.2bUK£20.4bUK£742.5m23.2x38x1.4x
Wed, 31 May 2023UK£28.7bUK£20.4bUK£736.9m27.9x38.9x1.4x
Price to Earnings Ratio

38.9x


Total Market Cap: UK£28.7bTotal Earnings: UK£736.9mTotal Revenue: UK£20.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Commercial Services Industry Price to Earnings3Y Average 28.2x202420252026
Current Industry PE
  • Investors are optimistic on the British Commercial Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.2x which is higher than its 3-year average PE of 28.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have declined 8.5% per year over the last three years,
  • Revenues have also declined 3.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Industrials industry?

GB Market2.49%
Industrials5.09%
Commercial Services-0.41%
Commercial Printing0%0
Office Services and Supplies0%0
Security and Alarm Services0%0
Diversified Support Services-0.25%
Environmental and Facilities Services-0.43%
Industry PE
  • Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 28.3x.
    • Analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings decline of 12.5% per year.
  • Investors are most pessimistic about the Diversified Support Services industry, which is trading below its 3-year average of 31.6x.
Forecasted Growth
  • Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SRP Serco GroupUK£2.783.7%
+UK£96.8m		48.8%PE18.8x
MTO Mitie GroupUK£1.772.3%
+UK£49.8m		13.5%PE23.6x
MER Mears GroupUK£4.174.6%
+UK£15.9m		3.0%PE7.8x
JSG Johnson Service GroupUK£1.372.2%
+UK£10.2m		-4.3%PE14.1x
FIH FIH groupUK£2.556.3%
+UK£1.9m		24.4%PS0.8x

Latest News

RTO
UK£4.64
Rentokil Initial
7D
-1.8%
1Y
31.2%
EAAS
UK£0.054
eEnergy Group
7D
-6.9%
1Y
0.9%
WATR
UK£2.48
Water Intelligence
7D
-2.9%
1Y
-28.5%
FRAN
UK£1.42
Franchise Brands
7D
-6.0%
1Y
-1.4%
SRP
UK£2.78
Serco Group
7D
3.7%
1Y
48.8%
Narrative Update • May 19

SRP: Higher Earnings Visibility And Capital Returns Will Support Future Rerating

Analysts have nudged their average price outlook for Serco Group higher, into a £3.50 to £3.69 range, reflecting recent target increases and refreshed views on discount rates, revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent Street research on Serco Group points to a mixed but generally constructive tone, with price targets now clustering in the mid £3 range and views ranging from neutral to positive.
RST
UK£2.62
Restore
7D
-2.2%
1Y
-0.6%
Narrative Update • May 15

RST: Buybacks And Rising Dividends Will Drive Bullish Repricing

Analysts have modestly adjusted their price target for Restore, with the new target set at £3.50. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E that are viewed as broadly consistent with prior expectations.
MTO
UK£1.77
Mitie Group
7D
2.3%
1Y
13.5%
Narrative Update • May 14

MTO: Higher P E Multiple And Nordic Fire Acquisitions Will Support Upside

The analyst price target for Mitie Group has been nudged higher to £2.05. Analysts point to updated fair value work, slightly adjusted discount rate and revenue growth assumptions, and a modestly different future P/E outlook following recent price target moves from several banks.
MER
UK£4.17
Mears Group
7D
4.6%
1Y
3.0%
MYX
UK£0.59
MYCELX Technologies
7D
-2.5%
1Y
110.7%
Analysis Article • May 13

Is It Too Late To Consider Buying MYCELX Technologies Corporation (LON:MYX)?

MYCELX Technologies Corporation ( LON:MYX ), is not the largest company out there, but it saw a significant share price...
TENG
UK£0.94
Ten Lifestyle Group
7D
0.5%
1Y
62.1%
Analysis Article • May 05

There May Be Reason For Hope In Ten Lifestyle Group's (LON:TENG) Disappointing Earnings

The market was pleased with the recent earnings report from Ten Lifestyle Group Plc ( LON:TENG ), despite the profit...
JSG
UK£1.37
Johnson Service Group
7D
2.2%
1Y
-4.3%
EARN
UK£0.043
EARNZ
7D
-9.6%
1Y
34.9%
HSP
UK£7.96
Hargreaves Services
7D
-2.9%
1Y
22.5%
FIH
UK£2.55
FIH group
7D
6.3%
1Y
24.4%
SFT
UK£0.16
Software Circle
7D
0.3%
1Y
-43.9%