Narrative Update • May 19

Over the last 7 days, the Commercial Services industry has dropped 2.3%, driven by Rentokil Initial declining 3.3%. On the other hand Johnson Service Group is actually up 11%. Over the past 12 months, the industry was up 21%. Earnings are forecast to grow by 22% annually.
Has the U.K. Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Jun 2026 | UK£18.4b | UK£18.1b | UK£565.1m | 23.8x | 32.5x | 1x |
| Wed, 29 Apr 2026 | UK£19.3b | UK£18.1b | UK£560.7m | 20.9x | 34.4x | 1.1x |
| Fri, 27 Mar 2026 | UK£18.7b | UK£18.2b | UK£566.3m | 21.6x | 33x | 1x |
| Sun, 22 Feb 2026 | UK£19.0b | UK£18.5b | UK£521.1m | 26.2x | 36.4x | 1x |
| Tue, 20 Jan 2026 | UK£18.6b | UK£18.5b | UK£515.3m | 25.7x | 36.1x | 1x |
| Thu, 18 Dec 2025 | UK£17.8b | UK£18.4b | UK£492.4m | 25.7x | 36.1x | 1x |
| Sat, 15 Nov 2025 | UK£16.4b | UK£17.9b | UK£482.0m | 27.7x | 34.1x | 0.9x |
| Mon, 13 Oct 2025 | UK£16.1b | UK£17.9b | UK£482.0m | 24.5x | 33.5x | 0.9x |
| Wed, 10 Sep 2025 | UK£15.6b | UK£18.1b | UK£486.7m | 27x | 32x | 0.9x |
| Fri, 08 Aug 2025 | UK£15.4b | UK£18.1b | UK£480.5m | 27.8x | 32.1x | 0.9x |
| Sun, 06 Jul 2025 | UK£14.8b | UK£18.0b | UK£547.3m | 28.9x | 27x | 0.8x |
| Tue, 03 Jun 2025 | UK£15.8b | UK£19.2b | UK£599.4m | 28x | 26.4x | 0.8x |
| Thu, 01 May 2025 | UK£14.8b | UK£19.2b | UK£595.1m | 25.3x | 24.8x | 0.8x |
| Sat, 29 Mar 2025 | UK£14.5b | UK£19.2b | UK£580.6m | 27.9x | 25x | 0.8x |
| Mon, 24 Feb 2025 | UK£15.8b | UK£18.9b | UK£751.6m | 26.5x | 21.1x | 0.8x |
| Wed, 22 Jan 2025 | UK£15.1b | UK£19.0b | UK£752.3m | 24.8x | 20.1x | 0.8x |
| Fri, 20 Dec 2024 | UK£15.3b | UK£18.9b | UK£756.8m | 25.1x | 20.2x | 0.8x |
| Sun, 17 Nov 2024 | UK£15.6b | UK£18.5b | UK£754.6m | 19.5x | 20.7x | 0.8x |
| Tue, 15 Oct 2024 | UK£14.8b | UK£18.5b | UK£768.0m | 19.5x | 19.2x | 0.8x |
| Thu, 12 Sep 2024 | UK£15.4b | UK£18.5b | UK£754.0m | 17.8x | 20.5x | 0.8x |
| Sat, 10 Aug 2024 | UK£17.6b | UK£18.5b | UK£750.7m | 18x | 23.4x | 0.9x |
| Mon, 08 Jul 2024 | UK£17.9b | UK£18.6b | UK£768.0m | 15.7x | 23.3x | 1x |
| Wed, 05 Jun 2024 | UK£16.8b | UK£18.3b | UK£740.9m | 15.2x | 22.7x | 0.9x |
| Fri, 03 May 2024 | UK£16.1b | UK£18.5b | UK£741.5m | 14.6x | 21.7x | 0.9x |
| Sun, 31 Mar 2024 | UK£19.4b | UK£18.6b | UK£772.0m | 15.7x | 25.1x | 1x |
| Tue, 27 Feb 2024 | UK£18.3b | UK£17.9b | UK£712.9m | 16.2x | 25.7x | 1x |
| Thu, 25 Jan 2024 | UK£22.9b | UK£21.8b | UK£903.3m | 17.8x | 25.4x | 1.1x |
| Sat, 23 Dec 2023 | UK£23.9b | UK£21.8b | UK£903.8m | 20.1x | 26.5x | 1.1x |
| Mon, 20 Nov 2023 | UK£24.3b | UK£21.9b | UK£834.2m | 21.6x | 29.1x | 1.1x |
| Wed, 18 Oct 2023 | UK£27.7b | UK£21.9b | UK£849.8m | 20.8x | 32.6x | 1.3x |
| Fri, 15 Sep 2023 | UK£27.7b | UK£21.9b | UK£850.1m | 23.4x | 32.6x | 1.3x |
| Sun, 13 Aug 2023 | UK£27.9b | UK£21.8b | UK£884.8m | 21.4x | 31.6x | 1.3x |
| Tue, 11 Jul 2023 | UK£27.6b | UK£20.4b | UK£743.5m | 23x | 37.1x | 1.4x |
| Thu, 08 Jun 2023 | UK£29.3b | UK£20.4b | UK£736.6m | 27.2x | 39.8x | 1.4x |
39.8x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | -0.29% | |
| Industrials | 2.40% | |
| Commercial Services | -2.25% | |
| Diversified Support Services | 3.83% | |
| Commercial Printing | 0% | 0 |
| Office Services and Supplies | 0% | 0 |
| Security and Alarm Services | 0% | 0 |
| Environmental and Facilities Services | -2.94% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JSG Johnson Service Group | UK£1.53 | 11.3% +UK£58.8m | 2.6% | PE15.7x | |
| MTO Mitie Group | UK£1.79 | 0.9% +UK£20.4m | 12.3% | PE23.8x | |
| RST Restore | UK£2.68 | 2.5% +UK£8.8m | 0% | PE260.3x | |
| FRAN Franchise Brands | UK£1.46 | 2.8% +UK£7.7m | -1.0% | PE31.2x | |
| FIH FIH group | UK£2.83 | 11.0% +UK£3.5m | 47.0% | PS0.9x |