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U.S. Commercial Services Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies156
  • 7D-1.6%
  • 3M-4.3%
  • 1Y-14.1%
  • YTD-6.1%

Over the last 7 days, the Commercial Services industry has dropped 1.6%, driven by a pullback from Cintas of 2.2%. However, the industry is down 14% 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
Mon, 22 Jun 2026US$428.1bUS$152.5bUS$13.1b21.8x32.6x2.8x
Wed, 20 May 2026US$443.9bUS$152.2bUS$13.3b21.9x33.4x2.9x
Fri, 17 Apr 2026US$445.7bUS$150.1bUS$13.0b23x34.4x3x
Sun, 15 Mar 2026US$463.3bUS$149.8bUS$12.9b22.6x36x3.1x
Tue, 10 Feb 2026US$480.9bUS$149.5bUS$12.6b25.9x38.1x3.2x
Thu, 08 Jan 2026US$461.5bUS$149.1bUS$12.3b25.3x37.5x3.1x
Sat, 06 Dec 2025US$457.5bUS$152.1bUS$12.3b23.1x37.1x3x
Mon, 03 Nov 2025US$443.0bUS$145.7bUS$12.1b22.3x36.6x3x
Wed, 01 Oct 2025US$493.6bUS$146.7bUS$11.9b29.4x41.5x3.4x
Fri, 29 Aug 2025US$504.2bUS$147.4bUS$11.7b29.6x42.9x3.4x
Sun, 27 Jul 2025US$508.7bUS$145.7bUS$11.3b29.9x45.1x3.5x
Tue, 24 Jun 2025US$507.2bUS$145.1bUS$11.3b25.2x44.9x3.5x
Thu, 22 May 2025US$528.0bUS$145.3bUS$11.1b25.5x47.5x3.6x
Sat, 19 Apr 2025US$503.1bUS$145.4bUS$10.9b27.9x46.1x3.5x
Mon, 17 Mar 2025US$482.3bUS$145.4bUS$10.9b28.9x44.3x3.3x
Wed, 12 Feb 2025US$502.9bUS$150.0bUS$11.6b32.5x43.3x3.4x
Fri, 10 Jan 2025US$482.4bUS$149.6bUS$11.6b31.7x41.7x3.2x
Sun, 08 Dec 2024US$521.5bUS$149.1bUS$11.6b32.1x44.9x3.5x
Tue, 05 Nov 2024US$479.3bUS$149.6bUS$11.5b28.5x41.7x3.2x
Thu, 03 Oct 2024US$489.8bUS$151.0bUS$10.4b26.6x47x3.2x
Sat, 31 Aug 2024US$491.8bUS$150.9bUS$10.4b29.6x47.3x3.3x
Mon, 29 Jul 2024US$466.7bUS$151.3bUS$10.3b27.7x45.3x3.1x
Wed, 26 Jun 2024US$470.2bUS$150.0bUS$9.9b26x47.6x3.1x
Fri, 24 May 2024US$459.5bUS$149.3bUS$10.0b27x45.8x3.1x
Sun, 21 Apr 2024US$445.6bUS$149.2bUS$9.5b26.9x46.9x3x
Tue, 19 Mar 2024US$449.8bUS$149.1bUS$9.5b27.9x47.6x3x
Thu, 15 Feb 2024US$419.0bUS$147.6bUS$9.3b28.2x45.2x2.8x
Sat, 13 Jan 2024US$407.8bUS$150.3bUS$9.8b25.8x41.7x2.7x
Mon, 11 Dec 2023US$394.5bUS$150.1bUS$9.7b26.7x40.8x2.6x
Wed, 08 Nov 2023US$376.1bUS$148.8bUS$9.4b24.5x39.8x2.5x
Fri, 06 Oct 2023US$342.4bUS$139.9bUS$9.2b25.3x37.2x2.4x
Sun, 03 Sep 2023US$354.8bUS$139.8bUS$9.0b26.4x39.3x2.5x
Tue, 01 Aug 2023US$360.6bUS$137.2bUS$9.0b25.1x40.2x2.6x
Thu, 29 Jun 2023US$360.3bUS$136.9bUS$7.1b26.6x50.6x2.6x
Price to Earnings Ratio

50.6x


Total Market Cap: US$360.3bTotal Earnings: US$7.1bTotal Revenue: US$136.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42.1x202420252026
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 32.6x which is lower than its 3-year average PE of 42.1x.
  • 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 3.7% 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 Market1.40%
Industrials2.54%
Commercial Services-1.57%
Office Services and Supplies2.92%
Commercial Printing1.12%
Security and Alarm Services1.03%
Diversified Support Services-1.55%
Environmental and Facilities Services-1.95%
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 50.8x.
    • Analysts are expecting annual earnings growth of 15.5%, 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 32.6x.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% 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
VLTO VeraltoUS$84.021.6%
+US$329.1m		-14.7%PE21.3x
CLH Clean HarborsUS$288.601.6%
+US$241.5m		25.5%PE38.6x
HNI HNIUS$34.866.8%
+US$159.8m		-26.5%PE2509.7x
CXW CoreCivicUS$28.904.1%
+US$111.7m		41.0%PE22.1x
GEO GEO GroupUS$29.282.6%
+US$97.1m		24.9%PE14.1x

Latest News

CTAS
US$170.85
Cintas
7D
-2.2%
1Y
-22.7%
CXW
US$28.90
CoreCivic
7D
4.1%
1Y
41.0%
Analysis Article • Jun 21

CoreCivic (CXW) Stock Looks Rich After Its Recent Run But How Overvalued Is It

After a strong run in recent months, CoreCivic (CXW) is drawing attention as investors look more closely at how its $2.3b in annual revenue and $129.3m in net income align with today’s valuation. See our latest analysis for CoreCivic. CoreCivic’s recent momentum is strong, with a 34.4% 1 month share price return and a 51.9% year to date share price return contributing to a 205.8% 3 year total shareholder return, suggesting sentiment has shifted materially since earlier years. If CoreCivic’s...
GEO
US$29.28
GEO Group
7D
2.6%
1Y
24.9%
Analysis Article • Jun 20

GEO Group (GEO) Stock Near Fair Value After ICE Detention Standards Change

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TILE
US$32.56
Interface
7D
3.9%
1Y
56.9%
Analysis Article • Jun 20

Interface (TILE) Stock Could Be 11.4% Undervalued After Impact Report And Estimate Revisions

Interface (TILE) is in focus after publishing its 2025 Impact Report, which highlights progress on environmental, social, and governance goals. The company has also seen recent earnings estimate revisions and stock outperformance that have drawn fresh attention from momentum-focused investors. See our latest analysis for Interface. Interface’s recent price action, including a 5.27% 1 day share price return and 33.17% 90 day share price return to $32.56, sits alongside a 62.42% 1 year total...
WCN
US$153.97
Waste Connections
7D
-0.7%
1Y
-17.9%
Analysis Article • Jun 19

Waste Connections (WCN) Stock Could Be 24.5% Undervalued After Focus On Workforce Efficiency

Recent commentary from Sustainable Growth Advisers has put Waste Connections (WCN) in focus, as investors weigh the company’s emphasis on labor management, safety, and human capital development through programs like its Driver Academy and Commercial Driver License training. See our latest analysis for Waste Connections. Despite the recent spotlight on its workforce programs, Waste Connections’ share price has softened, with the stock down 2.16% on a 1 month share price return and 11.57% year...
CWST
US$86.98
Casella Waste Systems
7D
-1.3%
1Y
-26.2%
Analysis Article • Jun 19

Casella Waste Systems (CWST) Stock Could Be 22.3% Undervalued After Zacks Strong Sell Call

Casella Waste Systems (CWST) recently drew attention after Zacks Investment Research added the stock to its Rank #5 (Strong Sell) list and cut its current year earnings estimate by 6.7% over the past 60 days. See our latest analysis for Casella Waste Systems. Casella Waste Systems' share price has faced pressure this year, with the stock down 11.83% year to date despite an 11.93% 90 day share price return and a 5 year total shareholder return of 36.27%. This suggests longer term holders have...
MLKN
US$16.50
MillerKnoll
7D
5.8%
1Y
-4.7%
Narrative Update • Jun 19

MLKN: Retail Expansion And Leadership Transition Will Support Future Share Price Upside

Analysts have kept their $32 price target on MillerKnoll unchanged, citing small adjustments in the discount rate, revenue growth, profit margin, and future P/E assumptions as the basis for maintaining their view. What’s in the News for MillerKnoll Furniture industry coverage highlights MillerKnoll’s focus on digital tools, e-commerce, and multifunctional furniture, with the company cited as benefiting from expanding retail operations, improving contract demand, strong brand positioning, and plans to significantly grow its store footprint (source: “2 Furniture Stocks Showing Resilience Amid Industry Headwinds”).
TTEK
US$27.36
Tetra Tech
7D
-2.3%
1Y
-22.7%
Narrative Update • Jun 18

TTEK: Future Premium P/E Will Depend On Long Term Infrastructure Backlog

Analysts modestly adjusted their Tetra Tech price target by $1, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E that they see as better aligning the stock with current research views. Analyst Commentary Recent research on Tetra Tech stock reflects a mix of optimism and caution, with the $1 price target adjustment capturing both supportive and more reserved views on valuation, execution, and growth assumptions.
CLH
US$288.60
Clean Harbors
7D
1.6%
1Y
25.5%
Analysis Article • Jun 18

Clean Harbors (CLH) Stock Could Be 11.8% Undervalued After Earnings Estimate Upgrade

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WM
US$214.60
Waste Management
7D
-1.1%
1Y
-8.6%
Seeking Alpha • Jun 17

Waste Management: Shares Won't Make You Rich, But They Do Offer Opportunity

Summary Waste Management earns a reaffirmed "Buy" rating for its high quality, low-risk profile, and attractive relative valuation. WM delivered broad-based revenue and margin growth, driven primarily by price increases and efficiency improvements across core and ancillary operations. Renewable Energy and recycling segments are expanding rapidly, with targeted fixed-price sales growth of 70%–90% this year and significant cost reductions. WM’s capital returns are robust, with increased dividends and resumed share buybacks, while leverage remains moderate and growth prospects are solid. Read the full article on Seeking Alpha
MSA
US$164.39
MSA Safety
7D
1.2%
1Y
-1.2%
Seeking Alpha • Jun 15

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Summary MSA Safety is a Dividend King with a 56-year streak, robust cash flow, and a disciplined growth strategy via innovation and bolt-on M&A. Recent Q1 2026 results showed 10% revenue growth and 18% non-GAAP EPS growth, beating consensus and supporting a positive outlook. MSA trades at ~18x 2026E EPS, below its 5-year average, with a fair value estimate of $177.60 versus a current price of ~$159.89, indicating undervaluation. Dividend safety is excellent with a conservative 24% payout ratio, strong free cash flow, and anticipated 1–3% annual dividend growth. Read the full article on Seeking Alpha
VLTO
US$84.02
Veralto
7D
1.6%
1Y
-14.7%
Narrative Update • Jun 12

VLTO: Share Repurchases And Infrastructure Exposure Will Support Future Upside

Narrative Update: Veralto The updated analyst price target for Veralto reflects a modest revision, with recent $1 to $8 price target changes in both directions as analysts reassess the stock using largely unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Veralto shows a mix of higher and lower price targets, with analysts focusing on how the stock is pricing in its execution, growth profile, and risk level rather than changing their underlying frameworks.
HNI
US$34.86
HNI
7D
6.8%
1Y
-26.5%
Narrative Update • Jun 08

HNI: Margin Strength And Dividend Support Will Drive Future Earnings Upside

Analysts have reduced their price target on HNI by $10 to $69, citing updated assumptions related to discount rates, growth, margins, and future P/E expectations. What's in the News The Board of Directors declared a quarterly dividend of US$0.35 per share on common stock, payable June 10, 2026, to shareholders of record as of May 29, 2026.
BCO
US$97.67
Brink's
7D
-2.9%
1Y
13.8%
Narrative Update • Jun 06

BCO: Record Free Cash Flow Will Support Future Cash And Digital Service Mix

Analysts have kept Brink's fair value estimate steady at $153, with only small technical adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding the refreshed price target narrative. What's in the News Brink's reported Q1 revenue growth of 10.3% year on year, supported by demand in its higher margin AMS, DRS, and global services segments.
ROL
US$44.96
Rollins
7D
-4.1%
1Y
-21.3%
Narrative Update • Jun 05

ROL: Acquisition Track Record And CFO Transition Will Support Future Upside

Analysts trimmed their price expectations for Rollins, with the target easing by about $1 in light of reduced confidence in the company's margin improvement path following the recent CFO change and mixed views on the achievability of prior incremental EBITDA goals. Analyst Commentary Recent research on Rollins shows a split view, with some analysts focusing on execution risks around profitability targets and leadership changes, while others see support for the stock from prior target increases and neutral initiations.
RSG
US$204.94
Republic Services
7D
-1.5%
1Y
-18.2%
Narrative Update • Jun 04

RSG: Electric Fleets And AI Recycling Investments Will Support Future Upside

Analysts have maintained their price target for Republic Services at $243.58, citing only minimal shifts in the discount rate, revenue growth expectations, profit margin assumptions, and future P/E estimates that do not materially change their overall valuation view. What's in the News Q1 2026 results: Republic Services reported revenue of US$4.11b, up 2.6% year over year, adjusted EPS of US$1.70 that was 3.8% above consensus, and adjusted EBITDA margin of 32.1%, a 50 basis point expansion, supported by pricing, cost management and fuel recovery fees, despite lower volumes, commodity pressure and severe weather impacts.