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U.S. Commercial Services Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies156
  • 7D-3.0%
  • 3M-12.6%
  • 1Y-18.0%
  • YTD-7.1%

Over the last 7 days, the Commercial Services industry has dropped 3.0%, driven by Rollins declining 13%. In contrast, OPENLANE has gained 7.9%. The industry has fallen 18% in the last year. 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
Tue, 02 Jun 2026US$423.9bUS$152.3bUS$13.2b21.4x32.2x2.8x
Thu, 30 Apr 2026US$446.7bUS$150.6bUS$13.1b22.7x34.2x3x
Sat, 28 Mar 2026US$437.8bUS$150.0bUS$12.9b22x33.8x2.9x
Mon, 23 Feb 2026US$472.5bUS$150.2bUS$12.9b25.1x36.6x3.1x
Wed, 21 Jan 2026US$474.3bUS$149.2bUS$12.3b25.5x38.5x3.2x
Fri, 19 Dec 2025US$461.7bUS$149.1bUS$12.3b23.8x37.4x3.1x
Sun, 16 Nov 2025US$450.2bUS$151.9bUS$12.3b23.9x36.5x3x
Tue, 14 Oct 2025US$483.9bUS$144.3bUS$12.2b27.2x39.7x3.4x
Thu, 11 Sep 2025US$487.2bUS$146.4bUS$11.8b25.7x41.4x3.3x
Sat, 09 Aug 2025US$508.1bUS$147.4bUS$11.8b28.1x43.2x3.4x
Mon, 07 Jul 2025US$504.8bUS$145.2bUS$11.2b26.7x45x3.5x
Wed, 04 Jun 2025US$521.7bUS$145.1bUS$11.3b25x46.2x3.6x
Fri, 02 May 2025US$516.2bUS$146.7bUS$11.0b27.6x46.9x3.5x
Sun, 30 Mar 2025US$495.1bUS$145.5bUS$10.9b32.3x45.3x3.4x
Tue, 25 Feb 2025US$501.0bUS$151.3bUS$11.5b30x43.5x3.3x
Thu, 23 Jan 2025US$498.4bUS$149.6bUS$11.6b32.2x43.1x3.3x
Sat, 21 Dec 2024US$477.7bUS$149.4bUS$11.6b31.3x41.2x3.2x
Mon, 18 Nov 2024US$501.9bUS$149.3bUS$11.8b29.2x42.7x3.4x
Wed, 16 Oct 2024US$500.0bUS$151.0bUS$10.4b25.8x48x3.3x
Fri, 13 Sep 2024US$485.5bUS$151.0bUS$10.3b26x47.1x3.2x
Sun, 11 Aug 2024US$473.1bUS$150.8bUS$10.4b30x45.3x3.1x
Tue, 09 Jul 2024US$467.1bUS$150.1bUS$9.9b25.2x47.1x3.1x
Thu, 06 Jun 2024US$454.6bUS$150.1bUS$9.8b26.6x46.3x3x
Sat, 04 May 2024US$447.7bUS$150.2bUS$10.0b27.1x44.7x3x
Mon, 01 Apr 2024US$463.8bUS$149.2bUS$9.5b28.9x48.6x3.1x
Wed, 28 Feb 2024US$439.4bUS$148.7bUS$9.3b27.5x47.2x3x
Fri, 26 Jan 2024US$411.5bUS$150.3bUS$9.8b26.1x42.1x2.7x
Sun, 24 Dec 2023US$410.5bUS$150.2bUS$9.8b27.4x42x2.7x
Tue, 21 Nov 2023US$389.5bUS$150.0bUS$9.6b25.6x40.5x2.6x
Thu, 19 Oct 2023US$370.0bUS$147.8bUS$10.2b25.1x36.2x2.5x
Sat, 16 Sep 2023US$355.8bUS$139.9bUS$9.1b26.1x39.2x2.5x
Mon, 14 Aug 2023US$355.4bUS$139.6bUS$9.1b24.6x38.9x2.5x
Wed, 12 Jul 2023US$362.3bUS$136.8bUS$9.0b26.3x40.4x2.6x
Fri, 09 Jun 2023US$351.8bUS$136.8bUS$7.1b27.2x49.5x2.6x
Price to Earnings Ratio

49.5x


Total Market Cap: US$351.8bTotal 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 42.4x202420252026
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 32.2x which is lower than its 3-year average PE of 42.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.1x.
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 Market1.58%
Industrials1.37%
Commercial Services-3.02%
Commercial Printing-0.48%
Diversified Support Services-0.49%
Office Services and Supplies-0.72%
Security and Alarm Services-2.08%
Environmental and Facilities Services-4.46%
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 53.1x.
    • Analysts are expecting annual earnings growth of 15.3%, 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
OPLN OPENLANEUS$38.217.9%
+US$297.7m		67.6%PS2x
PBI Pitney BowesUS$16.9211.0%
+US$226.2m		64.8%PE13.7x
TTEK Tetra TechUS$28.302.4%
+US$168.7m		-18.0%PE16.7x
VSTS VestisUS$12.899.8%
+US$151.9m		103.6%PS0.6x
ACVA ACV AuctionsUS$6.549.9%
+US$103.0m		-59.6%PS1.5x

Latest News

MSA
US$163.13
MSA Safety
7D
-4.6%
1Y
0.8%
LQDT
US$37.02
Liquidity Services
7D
7.5%
1Y
59.6%
PBI
US$16.92
Pitney Bowes
7D
11.0%
1Y
64.8%
RBA
US$105.27
RB Global
7D
0.5%
1Y
0.01%
Narrative Update • Jun 01

RBA: Share Repurchase And Acquisitions Will Support Future Shareholder Value

Analysts have raised their price target on RB Global by $4 to $150, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers of this adjustment. What's in the News RB Global completed the acquisition of Big Iron Auction Company on May 18, 2026, expanding its presence in the U.S. agriculture market and adding agricultural equipment, real estate and rural asset capabilities to its marketplace offering.
WCN
US$149.51
Waste Connections
7D
-4.0%
1Y
-23.8%
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$83.60
Veralto
7D
-3.7%
1Y
-16.6%
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.
ROL
US$46.32
Rollins
7D
-13.4%
1Y
-20.9%
WM
US$212.51
Waste Management
7D
-2.5%
1Y
-12.2%
RSG
US$200.83
Republic Services
7D
-3.9%
1Y
-22.2%
CPRT
US$32.32
Copart
7D
-4.4%
1Y
-36.4%
CLH
US$281.00
Clean Harbors
7D
-2.1%
1Y
24.5%
ACVA
US$6.54
ACV Auctions
7D
9.9%
1Y
-59.6%
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.
TTEK
US$28.30
Tetra Tech
7D
2.4%
1Y
-18.0%
Narrative Update • May 16

TTEK: Future Premium P/E Assumptions Will Reflect Resilient Margin Expectations

Narrative Update The analyst price target for Tetra Tech has been adjusted slightly lower by $0.33 to reflect updated views on fair value, revenue growth, profit margins, and future P/E assumptions discussed in recent research. Analyst Commentary Recent research updates around Tetra Tech focus on how current execution lines up with prior expectations for revenue growth, profitability, and the P/E multiple used in valuation models.
OPLN
US$38.21
OPENLANE
7D
7.9%
1Y
67.6%
VSTS
US$12.89
Vestis
7D
9.8%
1Y
103.6%
Narrative Update • May 16

VSTS: Turnaround Progress And Q4 Organic Inflection Are Expected To Support Confidence

Analysts have lifted the central price target for Vestis to $14 from $10, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and forward P/E. These revisions align with a recent wave of higher Street price targets and an upgrade following the latest earnings and FY26 EBITDA outlook.
OIO
US$2.11
OIO Group
7D
10.5%
1Y
-70.6%