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U.S. Commercial Services Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies156
  • 7D-0.8%
  • 3M-12.4%
  • 1Y-17.0%
  • YTD-6.6%

Last week, the Commercial Services industry hasn't moved much but Cintas is up 4.0% in that time. As for the longer term, the industry has declined 17% in the last year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$421.5bUS$152.3bUS$13.2b21.7x32x2.8x
Sun, 03 May 2026US$446.0bUS$150.6bUS$13.2b22.1x33.8x3x
Tue, 31 Mar 2026US$432.2bUS$150.0bUS$12.9b22.1x33.4x2.9x
Thu, 26 Feb 2026US$467.3bUS$150.2bUS$12.9b24.8x36.2x3.1x
Sat, 24 Jan 2026US$480.2bUS$149.2bUS$12.3b26.2x39x3.2x
Mon, 22 Dec 2025US$459.2bUS$149.1bUS$12.3b22.9x37.2x3.1x
Wed, 19 Nov 2025US$446.9bUS$151.9bUS$12.3b22x36.2x2.9x
Fri, 17 Oct 2025US$479.9bUS$144.3bUS$12.2b26.3x39.4x3.3x
Sun, 14 Sep 2025US$488.3bUS$146.4bUS$11.8b25.7x41.4x3.3x
Tue, 12 Aug 2025US$510.0bUS$147.4bUS$11.8b29.8x43.3x3.5x
Thu, 10 Jul 2025US$499.4bUS$145.2bUS$11.2b28.9x44.5x3.4x
Sat, 07 Jun 2025US$516.9bUS$145.1bUS$11.3b25.4x45.8x3.6x
Mon, 05 May 2025US$517.3bUS$145.0bUS$11.1b27.7x46.7x3.6x
Wed, 02 Apr 2025US$501.5bUS$145.5bUS$11.0b30.3x45.8x3.4x
Fri, 28 Feb 2025US$497.1bUS$146.3bUS$11.1b29.9x44.8x3.4x
Sun, 26 Jan 2025US$490.0bUS$149.6bUS$11.6b31.5x42.3x3.3x
Tue, 24 Dec 2024US$479.6bUS$149.4bUS$11.6b30.7x41.4x3.2x
Thu, 21 Nov 2024US$505.4bUS$149.3bUS$11.8b31.1x43x3.4x
Sat, 19 Oct 2024US$501.1bUS$151.0bUS$10.4b27.8x48.1x3.3x
Mon, 16 Sep 2024US$491.1bUS$151.0bUS$10.3b26.5x47.7x3.3x
Wed, 14 Aug 2024US$470.6bUS$150.9bUS$10.4b26.8x45.3x3.1x
Fri, 12 Jul 2024US$468.7bUS$150.1bUS$9.9b26.6x47.3x3.1x
Sun, 09 Jun 2024US$451.3bUS$150.1bUS$9.8b25.5x46x3x
Tue, 07 May 2024US$457.6bUS$150.2bUS$10.0b27.3x45.7x3x
Thu, 04 Apr 2024US$458.3bUS$149.2bUS$9.5b27.6x48x3.1x
Sat, 02 Mar 2024US$439.7bUS$158.9bUS$9.6b26.4x46x2.8x
Mon, 29 Jan 2024US$414.0bUS$150.5bUS$9.8b25.8x42.3x2.8x
Wed, 27 Dec 2023US$410.6bUS$150.3bUS$9.8b27.6x42x2.7x
Fri, 24 Nov 2023US$390.4bUS$150.0bUS$9.6b25.5x40.6x2.6x
Sun, 22 Oct 2023US$361.0bUS$147.8bUS$10.2b24.8x35.4x2.4x
Tue, 19 Sep 2023US$356.6bUS$140.0bUS$9.2b27.5x38.9x2.5x
Thu, 17 Aug 2023US$353.4bUS$139.7bUS$9.1b24.9x38.8x2.5x
Sat, 15 Jul 2023US$365.0bUS$136.9bUS$9.0b26.9x40.6x2.7x
Mon, 12 Jun 2023US$350.8bUS$136.8bUS$7.1b27.2x49.4x2.6x
Price to Earnings Ratio

49.4x


Total Market Cap: US$350.8bTotal Earnings: US$7.1bTotal Revenue: US$136.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.0x which is lower than its 3-year average PE of 42.4x.
  • The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 3.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market0.35%
Industrials-0.81%
Commercial Services-0.76%
Commercial Printing-0.45%
Diversified Support Services-0.55%
Security and Alarm Services-0.59%
Environmental and Facilities Services-0.65%
Office Services and Supplies-5.12%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 52.9x.
    • Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 5.0% per year.
  • Investors are most pessimistic about the Commercial Printing industry, which is trading below its 3-year average of 32.7x.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 1.4% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 12% 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
CTAS CintasUS$179.964.0%
+US$2.8b		-20.7%PE37.3x
WM Waste ManagementUS$219.012.2%
+US$1.9b		-8.2%PE31.5x
RSG Republic ServicesUS$207.912.1%
+US$1.3b		-17.9%PE29.5x
WCN Waste ConnectionsUS$153.951.9%
+US$736.8m		-19.9%PE37.1x
CLH Clean HarborsUS$286.902.2%
+US$327.1m		27.7%PE38.3x

Latest News

MSA
US$161.51
MSA Safety
7D
-5.1%
1Y
-2.3%
Narrative Update • Jun 03

MSA: Connected Fire Safety And Capital Returns Will Drive Future Compounding

Analysts have trimmed their average price targets on MSA Safety by a combined $39, citing updated views reflected in recent $29 and $10 target reductions. This reinforces a more measured stance around the stock's current valuation and growth assumptions.
MLKN
US$14.75
MillerKnoll
7D
-10.5%
1Y
-13.8%
BRC
US$89.10
Brady
7D
3.5%
1Y
28.1%
Narrative Update • Jun 03

BRC: Future Upside Will Rely On Honeywell Deal And Firm Earnings Guidance

Analysts have raised Brady's fair value estimate from $98 to $101.50. This reflects updated assumptions that now combine higher modeled revenue growth with a lower projected profit margin and a reduced future P/E multiple.
GEO
US$25.15
GEO Group
7D
8.8%
1Y
-4.0%
CPRT
US$30.77
Copart
7D
-7.5%
1Y
-38.6%
ROL
US$46.50
Rollins
7D
-5.9%
1Y
-19.6%
OPLN
US$36.51
OPENLANE
7D
-3.1%
1Y
54.1%
Narrative Update • Jun 02

OPLN: Estimate Upside And 2026 Earnings Path Will Shape Balanced Outlook

The analyst fair value estimate for OPENLANE has moved from $37.78 to $39.00 as analysts point to stronger execution, higher price targets across several firms, and expectations that recent operating momentum could support further upward revisions to estimates. Analyst Commentary Bullish Takeaways JPMorgan moved to an Overweight rating with a price target of $38, which signals that at least one major firm views the current valuation as attractive relative to perceived execution and growth potential.
WCN
US$153.95
Waste Connections
7D
1.9%
1Y
-19.9%
Narrative Update • Jun 01

WCN: Future Returns Will Depend On Premium P/E And Quality EBITDA Profile

The analyst price target for Waste Connections has moved from $199.16 to $204.32 as analysts cite updated assumptions around slightly higher revenue growth, a modestly lower discount rate, and a slightly higher future P/E multiple, supported by a series of recent target increases across the Street. Analyst Commentary Bullish Takeaways Bullish analysts are lifting targets by increments of US$2 to US$15, which signals higher assumed value on the company’s ability to execute on its current business model.
VLTO
US$84.74
Veralto
7D
1.5%
1Y
-15.0%
Narrative Update • May 29

VLTO: Share Repurchases And Mixed Research Views Will Support Future Upside

Analysts have slightly trimmed their average fair value estimate for Veralto to about $108.06. The change reflects a recent mix of modest price target increases and cuts, while still factoring in steady assumptions for revenue growth, profit margins, and future P/E.
CTAS
US$179.96
Cintas
7D
4.0%
1Y
-20.7%
Seeking Alpha • May 29

The Market Is Ignoring Cintas, And I Love It (Rating Upgrade)

Summary Cintas Corporation is a high-quality, wide-moat market leader in uniform and facility services, now trading at a fair valuation after a 24% drawdown. The planned UniFirst acquisition will boost CTAS's North American market share to ~50%, unlocking $375M in expected synergies over four years. CTAS continues to deliver exceptional margins (Q3 2026 gross margin: 51%), robust FCF, and strong capital returns, supporting 45 consecutive years of dividend growth. I am upgrading CTAS to a Buy, confident in its long-term outperformance and resilience, especially for multi-decade investors seeking durable value. Read the full article on Seeking Alpha
WM
US$219.01
Waste Management
7D
2.2%
1Y
-8.2%
RSG
US$207.91
Republic Services
7D
2.1%
1Y
-17.9%
BCO
US$100.94
Brink's
7D
-5.7%
1Y
21.1%
HNI
US$30.10
HNI
7D
-5.2%
1Y
-35.4%
Narrative Update • May 24

HNI: Higher Margin Outlook Will Support Future Earnings Upside

Analysts have revised the HNI price target from $72 to $69, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following recent research. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$69 target as a reset that still leaves room for upside if HNI meets revenue and profit margin assumptions embedded in their models.
CLH
US$286.90
Clean Harbors
7D
2.2%
1Y
27.7%
ACVA
US$5.87
ACV Auctions
7D
-7.0%
1Y
-64.0%
Narrative Update • May 19

ACVA: Digital Wholesale Shift And Share Repurchases Should Support Future Upside

ACV Auctions' updated fair value estimate moves from $10.71 to $9.22 as analysts trim revenue growth and margin assumptions. Recent price target revisions, ranging from $7 to $16, reflect differing views on the timing and visibility of EBITDA recovery and the impact of ongoing investments.