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U.S. Commercial Services Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies158
  • 7D0.9%
  • 3M2.4%
  • 1Y-0.4%
  • YTD5.0%

Over the last 7 days, the Commercial Services industry has remained flat, although notably Waste Management gained 4.2%. Furthermore, the industry has been flat for the past year as well. 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, 23 Jan 2026US$478.3bUS$149.2bUS$12.3b27x38.9x3.2x
Sun, 21 Dec 2025US$459.2bUS$149.1bUS$12.3b22.9x37.2x3.1x
Tue, 18 Nov 2025US$450.2bUS$151.9bUS$12.3b21.8x36.5x3x
Thu, 16 Oct 2025US$485.1bUS$144.3bUS$12.2b27.2x39.8x3.4x
Sat, 13 Sep 2025US$494.3bUS$146.4bUS$11.8b25.7x41.9x3.4x
Mon, 11 Aug 2025US$510.0bUS$147.4bUS$11.8b28.1x43.3x3.5x
Wed, 09 Jul 2025US$503.4bUS$145.2bUS$11.2b27.2x44.9x3.5x
Fri, 06 Jun 2025US$517.6bUS$145.1bUS$11.3b24.9x45.8x3.6x
Sun, 04 May 2025US$517.3bUS$145.0bUS$11.1b27.7x46.7x3.6x
Tue, 01 Apr 2025US$496.0bUS$145.5bUS$10.9b32.1x45.4x3.4x
Thu, 27 Feb 2025US$504.9bUS$151.3bUS$11.2b30.1x45x3.3x
Sat, 25 Jan 2025US$493.1bUS$149.6bUS$11.6b31.5x42.6x3.3x
Mon, 23 Dec 2024US$479.6bUS$149.4bUS$11.6b31.6x41.4x3.2x
Wed, 20 Nov 2024US$503.3bUS$149.3bUS$11.7b30.6x42.9x3.4x
Fri, 18 Oct 2024US$500.4bUS$151.0bUS$10.4b27.5x48x3.3x
Sun, 15 Sep 2024US$491.1bUS$151.0bUS$10.3b26.5x47.7x3.3x
Tue, 13 Aug 2024US$473.1bUS$150.9bUS$10.5b26.3x45.3x3.1x
Thu, 11 Jul 2024US$466.6bUS$150.1bUS$9.9b25.3x47.1x3.1x
Sat, 08 Jun 2024US$454.6bUS$150.1bUS$9.8b25.5x46.3x3x
Mon, 06 May 2024US$451.9bUS$150.2bUS$10.0b27.1x45.2x3x
Wed, 03 Apr 2024US$461.3bUS$149.2bUS$9.5b27.5x48.3x3.1x
Fri, 01 Mar 2024US$440.3bUS$149.9bUS$9.4b27.4x46.8x2.9x
Sun, 28 Jan 2024US$414.0bUS$150.5bUS$9.8b25.8x42.3x2.8x
Tue, 26 Dec 2023US$410.6bUS$150.2bUS$9.8b27.4x42x2.7x
Thu, 23 Nov 2023US$391.2bUS$150.0bUS$9.6b25.5x40.7x2.6x
Sat, 21 Oct 2023US$361.0bUS$147.8bUS$10.2b24.8x35.4x2.4x
Mon, 18 Sep 2023US$356.3bUS$140.0bUS$9.2b27.5x38.8x2.5x
Wed, 16 Aug 2023US$352.7bUS$139.6bUS$9.1b24.8x38.7x2.5x
Fri, 14 Jul 2023US$363.4bUS$136.9bUS$9.0b27.5x40.4x2.7x
Sun, 11 Jun 2023US$350.8bUS$136.8bUS$7.1b27.2x49.4x2.6x
Tue, 09 May 2023US$344.4bUS$136.3bUS$7.3b23.3x46.9x2.5x
Thu, 06 Apr 2023US$331.0bUS$134.6bUS$7.6b23x43.3x2.5x
Sat, 04 Mar 2023US$320.1bUS$132.9bUS$8.3b24.1x38.6x2.4x
Mon, 30 Jan 2023US$316.9bUS$131.5bUS$7.7b22.5x41.3x2.4x
Price to Earnings Ratio

41.3x


Total Market Cap: US$316.9bTotal Earnings: US$7.7bTotal Revenue: US$131.5bTotal 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 38.9x 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 4.3% 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-0.28%
Industrials-0.052%
Commercial Services0.91%
Security and Alarm Services2.09%
Environmental and Facilities Services2.04%
Office Services and Supplies1.55%
Diversified Support Services-0.26%
Commercial Printing-19.14%
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 40.2x.
    • Analysts are expecting annual earnings growth of 14.0%, which is higher than its past year's earnings decline of 2.9% 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.
  • However this is lower than its past earnings growth rate of 44% per year.
  • 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
WM Waste ManagementUS$229.004.2%
+US$3.7b		9.0%PE36x
RSG Republic ServicesUS$215.752.4%
+US$1.5b		1.6%PE31.7x
RBA RB GlobalUS$116.474.3%
+US$882.0m		29.6%PE55.3x
WCN Waste ConnectionsUS$170.151.5%
+US$645.1m		-5.2%PE70x
ROL RollinsUS$63.321.8%
+US$553.3m		30.2%PE59.1x

Latest News

OPLN
US$30.36
OPENLANE
7D
-3.0%
1Y
47.1%

Is OPENLANE (NYSE:OPLN) A Risky Investment?

Jan 23
Is OPENLANE (NYSE:OPLN) A Risky Investment?
ROL
US$63.32
Rollins
7D
1.8%
1Y
30.2%
RBA
US$116.47
RB Global
7D
4.3%
1Y
29.6%
WCN
US$170.15
Waste Connections
7D
1.5%
1Y
-5.2%

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.
CLH
US$261.46
Clean Harbors
7D
-2.1%
1Y
8.1%

CLH: PFAS Filtration Wins And Buybacks Will Support Steady Outlook

Analysts have lifted their price target on Clean Harbors by roughly US$10 to reflect updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Clean Harbors secured contracts worth US$110 million over the next three years to support PFAS water filtration at Joint Base Pearl Harbor Hickam in partnership with logistics supplier V2X, expanding the use of its regenerative carbon filtration and resin units that have operated in Hawaii since 2022 (Key Developments).
PBI
US$10.35
Pitney Bowes
7D
-3.6%
1Y
25.6%

PBI: Share Repurchases And Dividend Will Support Future Upside Potential

Analysts have kept their fair value estimate for Pitney Bowes steady at US$13.00, with only slight tweaks to the discount rate, long term revenue and margin assumptions, and future P/E. This suggests their overall price target framework is broadly unchanged despite refreshed model inputs.
CTAS
US$193.07
Cintas
7D
-1.3%
1Y
-2.4%
GEO
US$18.57
GEO Group
7D
6.2%
1Y
-44.5%
HNI
US$47.88
HNI
7D
3.8%
1Y
-5.8%

HNI: Manufacturing Consolidation And Synergy Plan Will Support Future Upside Potential

Analysts have raised their price target on HNI by $4.00 to $70.75, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News HNI plans to exit its Wayland, New York, manufacturing facility in 2027 and consolidate production into other North American plants.
UNF
US$208.82
UniFirst
7D
-1.7%
1Y
-6.0%
VLTO
US$101.48
Veralto
7D
-1.6%
1Y
-1.7%
RSG
US$215.75
Republic Services
7D
2.4%
1Y
1.6%

RSG: New Labor Deal Will Support Future Upside Potential

Analysts have slightly trimmed their price target on Republic Services to about US$245 from roughly US$247, citing small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News Ameresco and Republic Services brought a renewable natural gas facility at the Upper Rock Island County Landfill in Illinois into operation in December, designed to process 2,000 standard cubic feet per minute of landfill gas into pipeline-quality fuel and produce more than 500,000 Dekatherms of RNG each year, with an expected avoidance of more than 27,000 metric tons of CO2 emissions annually (Key Developments).
CWST
US$106.56
Casella Waste Systems
7D
1.7%
1Y
0.5%

CWST: Mid Atlantic Integration Tailwinds Will Support Margin Expansion Through 2026

Our analyst fair value estimate for Casella Waste Systems has moved from US$112.70 to US$114.70, reflecting analysts’ higher Street targets and their view that easing Mid-Atlantic integration headwinds and potential synergies, along with pricing power and margin expansion into 2026, support a modestly stronger outlook. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into a US$95 to US$120 range, suggesting they see the current share price as not fully reflecting their updated outlook.
ACVA
US$8.62
ACV Auctions
7D
-4.0%
1Y
-61.0%

ACVA: Digital Auction Share Gains Will Face Growing AI Disintermediation Risk

Analysts have reset their price targets on ACV Auctions into a tighter US$5 to US$20 range, citing mixed but constructive sector views, a neutral stance on auto retail overall, and a focus on digital auction platforms that they see as gaining share while offering what they consider attractive EBITDA growth and potential insulation from AI risk. Analyst Commentary Recent Street research on ACV Auctions reflects a wide range of views, with price targets stretching from the low single digits to the high teens and different opinions on how much risk is already reflected in the stock.
WM
US$229.00
Waste Management
7D
4.2%
1Y
9.0%

WM: Buybacks And Rising Dividends Will Support Future Upside

Analysts have nudged their price target for Waste Management higher from US$246.52 to US$247.16, reflecting updated views that slightly adjust revenue growth expectations, profit margin assumptions and the future P/E multiple while keeping the overall valuation framework largely intact. What's in the News The Board of Directors authorized a new share repurchase program for up to US$3 billion of Waste Management, Inc.