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U.S. Commercial Services Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies158
  • 7D-1.3%
  • 3M6.4%
  • 1Y-3.4%
  • YTD3.7%

Over the last 7 days, the Commercial Services industry has dropped 1.3%, driven by Waste Management declining 3.1%. However, the industry is down 3.4% over the past year. 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
Wed, 04 Feb 2026US$472.4bUS$149.4bUS$12.6b26.9x37.6x3.2x
Fri, 02 Jan 2026US$459.4bUS$149.1bUS$12.3b24.4x37.3x3.1x
Sun, 30 Nov 2025US$460.6bUS$151.9bUS$12.4b22.6x37.3x3x
Tue, 28 Oct 2025US$512.6bUS$144.4bUS$12.2b26.7x42.1x3.5x
Thu, 25 Sep 2025US$479.7bUS$146.5bUS$11.8b26.5x40.7x3.3x
Sat, 23 Aug 2025US$506.0bUS$147.4bUS$11.7b30.3x43.1x3.4x
Mon, 21 Jul 2025US$501.3bUS$145.4bUS$11.3b26.9x44.5x3.4x
Wed, 18 Jun 2025US$507.9bUS$145.1bUS$11.3b25.5x45x3.5x
Fri, 16 May 2025US$510.3bUS$145.4bUS$11.0b25.5x46.5x3.5x
Sun, 13 Apr 2025US$501.5bUS$145.5bUS$10.9b26.8x45.8x3.4x
Tue, 11 Mar 2025US$494.2bUS$146.4bUS$11.0b29.8x44.8x3.4x
Thu, 06 Feb 2025US$497.3bUS$150.1bUS$11.6b32.9x42.9x3.3x
Sat, 04 Jan 2025US$469.7bUS$149.5bUS$11.6b31.1x40.6x3.1x
Mon, 02 Dec 2024US$528.7bUS$149.1bUS$11.6b33.2x45.5x3.5x
Wed, 30 Oct 2024US$488.1bUS$151.8bUS$10.6b26.1x45.8x3.2x
Fri, 27 Sep 2024US$491.2bUS$151.0bUS$10.4b27.1x47.1x3.3x
Sun, 25 Aug 2024US$491.5bUS$150.9bUS$10.4b30x47.2x3.3x
Tue, 23 Jul 2024US$482.4bUS$150.2bUS$10.0b27.1x48.3x3.2x
Thu, 20 Jun 2024US$465.9bUS$150.1bUS$9.8b26.1x47.4x3.1x
Sat, 18 May 2024US$459.7bUS$149.3bUS$10.2b28.4x45.2x3.1x
Mon, 15 Apr 2024US$450.1bUS$149.1bUS$9.5b26.8x47.3x3x
Wed, 13 Mar 2024US$444.5bUS$149.1bUS$9.5b27.1x47x3x
Fri, 09 Feb 2024US$417.9bUS$147.1bUS$9.4b26.8x44.7x2.8x
Sun, 07 Jan 2024US$401.3bUS$150.3bUS$9.8b25.3x41x2.7x
Tue, 05 Dec 2023US$399.0bUS$150.1bUS$9.7b26.4x41.3x2.7x
Thu, 02 Nov 2023US$364.6bUS$148.6bUS$9.4b25.1x38.8x2.5x
Sat, 30 Sep 2023US$344.7bUS$140.0bUS$9.2b24.9x37.5x2.5x
Mon, 28 Aug 2023US$350.9bUS$139.7bUS$9.1b24x38.7x2.5x
Wed, 26 Jul 2023US$370.1bUS$136.9bUS$9.0b26.5x41.1x2.7x
Fri, 23 Jun 2023US$357.1bUS$136.8bUS$7.1b25.2x50.1x2.6x
Sun, 21 May 2023US$349.1bUS$136.9bUS$7.1b25.4x49.3x2.6x
Tue, 18 Apr 2023US$339.7bUS$134.6bUS$7.7b24.4x44.2x2.5x
Thu, 16 Mar 2023US$316.6bUS$133.9bUS$7.9b19.8x39.9x2.4x
Sat, 11 Feb 2023US$321.7bUS$132.2bUS$7.9b22.9x40.7x2.4x
Price to Earnings Ratio

40.7x


Total Market Cap: US$321.7bTotal Earnings: US$7.9bTotal Revenue: US$132.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.3x202420252026
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 37.6x which is lower than its 3-year average PE of 43.3x.
  • 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 17% 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-0.35%
Industrials1.22%
Commercial Services-1.32%
Commercial Printing7.43%
Office Services and Supplies1.31%
Security and Alarm Services-0.04%
Environmental and Facilities Services-1.50%
Diversified Support Services-1.68%
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 40.3x.
    • Analysts are expecting annual earnings growth of 13.3%, 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 36% 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
TTEK Tetra TechUS$39.024.5%
+US$427.1m		13.0%PE28.9x
BRC BradyUS$88.885.1%
+US$202.9m		19.0%PE21.4x
MSA MSA SafetyUS$184.262.3%
+US$159.0m		12.1%PE25.8x
DLX DeluxeUS$27.3612.1%
+US$133.2m		19.7%PE14.5x
HNI HNIUS$48.873.1%
+US$103.0m		1.2%PE24.5x

Latest News

ROL
US$62.98
Rollins
7D
-0.8%
1Y
28.3%

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.
CTAS
US$190.73
Cintas
7D
-0.3%
1Y
-4.9%

Cintas (NASDAQ:CTAS) Could Easily Take On More Debt

Feb 02
Cintas (NASDAQ:CTAS) Could Easily Take On More Debt
TTEK
US$39.02
Tetra Tech
7D
4.5%
1Y
13.0%
DLX
US$27.36
Deluxe
7D
12.1%
1Y
19.7%
HNI
US$48.87
HNI
7D
3.1%
1Y
1.2%

HNI: Manufacturing Consolidation And Merger Synergies Will Support Future Upside Potential

Analysts have maintained their HNI fair value estimate at $70.75, with only minor tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. This indicates that their overall view on the stock's valuation is essentially unchanged.
MSA
US$184.26
MSA Safety
7D
2.3%
1Y
12.1%
WM
US$225.09
Waste Management
7D
-2.7%
1Y
1.3%
CLH
US$261.49
Clean Harbors
7D
0.4%
1Y
11.2%
TILE
US$32.67
Interface
7D
4.7%
1Y
37.4%

TILE: Share Repurchases And Refined Earnings Outlook Will Support Future Upside

Analysts have adjusted their price target for Interface to about $36.33 per share from $35, citing updated assumptions around discount rates, revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News Interface updated its share repurchase activity for the period from June 30, 2025 to September 28, 2025, buying back 32,500 shares, representing 0.06% of shares, for US$0.7 million under its existing buyback program (Key Developments).
MLKN
US$20.79
MillerKnoll
7D
6.3%
1Y
-3.6%

MillerKnoll (NASDAQ:MLKN) Has Announced A Dividend Of $0.1875

Jan 27
MillerKnoll (NASDAQ:MLKN) Has Announced A Dividend Of $0.1875
RSG
US$213.95
Republic Services
7D
-1.5%
1Y
-2.4%

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.
RBA
US$114.67
RB Global
7D
-2.3%
1Y
29.5%

RBA: Expanded Government Contract Will Support Stronger Long Term Performance

Analysts have lifted their fair value estimate for RB Global from US$135.00 to US$145.00, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News RB Global, through its IAA business, reported an expanded contract with the U.S. General Services Administration to support increased government fleet vehicle volume.
WCN
US$166.32
Waste Connections
7D
-1.9%
1Y
-11.3%

WCN: Future Returns Will Be Driven By Compounding M&A Despite Chiquita Remediation Uncertainty

Narrative Update on Waste Connections Analysts have trimmed their average price target on Waste Connections by about $1. This reflects slightly higher discount rate assumptions, marginally lower revenue growth and profit margin expectations, and a modestly lower future P/E multiple, in line with recent target reductions from several firms.
CPRT
US$38.94
Copart
7D
-3.5%
1Y
-32.7%

CPRT: Digital Auctions Will Offset Insurance Volume And Market Share Headwinds

Analysts have trimmed their average price targets on Copart, with a mix of reductions such as Baird cutting its target to US$52 from US$55 and more cautious increases like Barclays raising its target to US$33 from US$32, reflecting ongoing insurance related headwinds and concerns about potential share loss in digital auctions. Analyst Commentary Recent research on Copart highlights a split view, with some analysts updating models around insurance trends while others focus on potential share loss in digital auctions and valuation risk.
VLTO
US$97.45
Veralto
7D
-3.1%
1Y
-3.5%
BRC
US$88.88
Brady
7D
5.1%
1Y
19.0%