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U.S. Commercial Services Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies159
  • 7D1.7%
  • 3M8.8%
  • 1Y-2.1%
  • YTD5.2%

In the last week, the Commercial Services industry is up 1.7%, with Waste Management leading the way with a 2.0% gain. In the same time, Veralto was down 8.5%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026US$481.3bUS$149.5bUS$12.6b26.1x38.1x3.2x
Wed, 07 Jan 2026US$459.3bUS$149.1bUS$12.3b25.6x37.3x3.1x
Fri, 05 Dec 2025US$459.2bUS$152.1bUS$12.3b23.1x37.2x3x
Sun, 02 Nov 2025US$443.0bUS$145.7bUS$12.1b22.3x36.6x3x
Tue, 30 Sep 2025US$482.5bUS$146.7bUS$11.8b27.8x40.9x3.3x
Thu, 28 Aug 2025US$504.0bUS$147.4bUS$11.7b29.8x42.9x3.4x
Sat, 26 Jul 2025US$507.8bUS$145.7bUS$11.3b29.9x45.1x3.5x
Mon, 23 Jun 2025US$502.6bUS$145.1bUS$11.3b25.3x44.5x3.5x
Wed, 21 May 2025US$527.9bUS$145.3bUS$11.1b26x47.5x3.6x
Fri, 18 Apr 2025US$500.9bUS$145.4bUS$10.9b27.9x45.9x3.4x
Sun, 16 Mar 2025US$482.3bUS$145.4bUS$10.9b28.9x44.3x3.3x
Tue, 11 Feb 2025US$500.1bUS$150.1bUS$11.6b33x43.1x3.3x
Thu, 09 Jan 2025US$475.1bUS$149.5bUS$11.6b31.6x41.1x3.2x
Sat, 07 Dec 2024US$520.8bUS$149.1bUS$11.6b32.1x44.9x3.5x
Mon, 04 Nov 2024US$485.0bUS$152.3bUS$11.5b27.4x42.1x3.2x
Wed, 02 Oct 2024US$489.8bUS$151.0bUS$10.4b26.6x47x3.2x
Fri, 30 Aug 2024US$492.1bUS$150.9bUS$10.4b29.6x47.3x3.3x
Sun, 28 Jul 2024US$466.7bUS$151.3bUS$10.3b27.7x45.3x3.1x
Tue, 25 Jun 2024US$465.3bUS$150.0bUS$9.9b25.8x47.1x3.1x
Thu, 23 May 2024US$459.3bUS$149.3bUS$10.1b27.1x45.4x3.1x
Sat, 20 Apr 2024US$444.1bUS$149.2bUS$9.5b26.7x46.7x3x
Mon, 18 Mar 2024US$448.3bUS$149.1bUS$9.5b28.1x47.4x3x
Wed, 14 Feb 2024US$419.0bUS$147.5bUS$9.3b27.6x44.9x2.8x
Fri, 12 Jan 2024US$406.5bUS$150.3bUS$9.8b25x41.6x2.7x
Sun, 10 Dec 2023US$394.5bUS$150.1bUS$9.7b26.7x40.8x2.6x
Tue, 07 Nov 2023US$377.0bUS$148.7bUS$9.4b24.6x40x2.5x
Thu, 05 Oct 2023US$340.4bUS$140.0bUS$9.2b24.5x37x2.4x
Sat, 02 Sep 2023US$354.8bUS$139.8bUS$9.0b26.4x39.3x2.5x
Mon, 31 Jul 2023US$359.8bUS$137.2bUS$9.0b24.6x40.1x2.6x
Wed, 28 Jun 2023US$360.9bUS$136.8bUS$7.1b25.6x50.7x2.6x
Fri, 26 May 2023US$343.5bUS$136.9bUS$7.1b24.3x48.5x2.5x
Sun, 23 Apr 2023US$340.6bUS$134.6bUS$7.6b23.6x44.9x2.5x
Tue, 21 Mar 2023US$318.2bUS$134.3bUS$8.0b19.8x39.8x2.4x
Thu, 16 Feb 2023US$322.5bUS$132.3bUS$8.0b23.2x40.1x2.4x
Price to Earnings Ratio

40.1x


Total Market Cap: US$322.5bTotal Earnings: US$8.0bTotal Revenue: US$132.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.2x202420252026
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 38.1x which is lower than its 3-year average PE of 43.2x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market-0.071%
Industrials4.76%
Commercial Services1.69%
Office Services and Supplies8.89%
Commercial Printing4.96%
Security and Alarm Services1.90%
Diversified Support Services1.43%
Environmental and Facilities Services1.37%
Industry PE
  • Investors are most optimistic about the Environmental and Facilities Services industry, which is trading close to its 3-year average PE ratio of 40.4x.
    • Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings growth of 6.9% per year.
  • Investors are most pessimistic about the Security and Alarm Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Security and Alarm Services industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Support 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$195.872.3%
+US$1.8b		-3.1%PE41.4x
WM Waste ManagementUS$226.791.6%
+US$1.5b		0.3%PE33.7x
RSG Republic ServicesUS$219.942.0%
+US$1.3b		-1.0%PE32.3x
TTEK Tetra TechUS$41.299.7%
+US$954.6m		24.3%PE30.6x
CPRT CopartUS$40.361.7%
+US$658.3m		-31.2%PE24.5x

Latest News

WM
US$226.79
Waste Management
7D
1.6%
1Y
0.3%

WM: Dividend Hike And New Buyback Authorization Will Support Measured Upside

Analysts have raised their fair value estimate for Waste Management from $248.32 to $251.64, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Waste Management issued earnings guidance for 2026, with expected revenue in the range of US$26.425b to US$26.625b (Company guidance).
OPLN
US$29.43
OPENLANE
7D
-1.0%
1Y
39.5%

OPLN: Mixed Research Views And AI Adoption Will Shape Balanced Outlook

Analysts have lifted their price target on OPENLANE by about $0.25, reflecting updated views on slightly higher revenue growth assumptions, a modestly higher future P/E multiple, and an adjusted profit margin outlook. Analyst Commentary Recent Street research on OPENLANE has been mixed, with two firms lifting their price targets by about US$2 and one major bank trimming its target by about US$1.
VLTO
US$90.57
Veralto
7D
-10.8%
1Y
-9.2%

VLTO: Buyback And In-Situ Acquisition Will Support Future EPS Compounding

Analysts have trimmed their price targets on Veralto, contributing to a reduction in our fair value estimate from $114.00 to about $110.59 as they factor in slightly lower revenue growth assumptions, a modestly lower future P/E, and a higher expected profit margin. Analyst Commentary Recent Street research on Veralto has centered on lower price targets and a closer look at how management is using capital for buybacks and acquisitions.
RBA
US$117.71
RB Global
7D
3.1%
1Y
25.9%

RBA: Higher Growth Assumptions Will Expose Risk From Lower Profitability

Analysts have nudged their price target for RB Global higher to US$101.20 from about US$100.77, citing updated assumptions related to revenue growth, profit margins and the stock's forward P/E. Valuation Changes Fair Value Estimate increased slightly from US$100.77 to US$101.20 per share.
CTAS
US$195.87
Cintas
7D
2.3%
1Y
-3.1%
ACVA
US$7.37
ACV Auctions
7D
-3.3%
1Y
-65.9%

ACVA: Digital Auction Share Gains And Reset Expectations Will Support Future Margins

ACV Auctions' updated fair value estimate has edged up from US$10.46 to US$10.71 as analysts factor in a modestly higher long term P/E, a slightly stronger margin outlook, and what they see as room for upside after recent price target increases and reset expectations on the stock. Analyst Commentary Recent Street research around ACV Auctions has focused on how the stock’s reset expectations, sector setup, and role in digital auto auctions feed into its valuation and execution risk.
LNZA
US$10.54
LanzaTech Global
7D
-12.2%
1Y
-86.2%
MSA
US$193.13
MSA Safety
7D
6.5%
1Y
16.2%
CPRT
US$40.36
Copart
7D
1.7%
1Y
-31.2%

CPRT: Digital Auction Strength Will Offset Insurance Volume And Share Loss Headwinds

Narrative Update Analysts have modestly reset Copart's outlook, with Street price targets now ranging from approximately $33 to $52. They are factoring in ongoing insurance headwinds and the potential impact of share loss risk on future insurance volumes.
BV
US$13.55
BrightView Holdings
7D
-1.8%
1Y
-7.2%
CMPR
US$75.64
Cimpress
7D
-6.1%
1Y
35.9%

CMPR: Q1 Beat And Improved Margins Will Support Constructive Medium-Term Outlook

Cimpress' analyst price target has been lifted from US$86.50 to US$91.50 as analysts factor in updated revenue growth, profit margin and P/E assumptions supported by recent Street research that cited higher long term revenue and adjusted EBITDA estimates following a fiscal Q1 beat. Analyst Commentary Recent research updates show analysts revisiting their models for Cimpress after the fiscal Q1 results, with both valuation and earnings assumptions being refreshed.
ROL
US$64.84
Rollins
7D
2.1%
1Y
29.8%

ROL: Elevated P/E Expectations Will Face Pressure From Execution Risk

Analysts have nudged their price target on Rollins higher, citing slightly stronger assumptions for fair value to about $50.70 and small upward adjustments to revenue, profit margin, and future P/E expectations. Analyst Commentary Recent research has highlighted a mixed tone around Rollins, with some cautious voices balancing out the higher fair value assumptions and price targets.
TTEK
US$41.29
Tetra Tech
7D
9.7%
1Y
24.3%
UNF
US$201.35
UniFirst
7D
-3.2%
1Y
-8.5%

UNF: Future Outlook Will Reflect Overvaluation Risk From Proposed US$5b Cash Acquisition

Analysts are keeping UniFirst's fair value estimate steady at US$183, with only minimal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This suggests their price target and underlying thesis are essentially unchanged.
RSG
US$219.94
Republic Services
7D
2.0%
1Y
-1.0%

RSG: Renewable Gas Projects And Buybacks Will Support Future Upside

Analysts have nudged their price target on Republic Services down by about US$1 to roughly US$244, reflecting slightly softer assumptions for revenue growth and profit margins, along with a modestly higher future P/E multiple. What's in the News Ameresco and Republic Services brought a renewable natural gas facility at the Upper Rock Island County Landfill in East Moline, Illinois into operation, designed to process 2,000 standard cubic feet per minute of landfill gas into pipeline quality RNG and produce more than 500,000 Dekatherms each year, with the project framed as supporting Illinois clean energy goals and Republic Services biogas reuse target.
DXST
US$0.27
Decent Holding
7D
-85.6%
1Y
-82.8%