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U.S. Commercial Services Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies156
  • 7D-1.0%
  • 3M-6.6%
  • 1Y-14.8%
  • YTD-4.2%

In the last week, Commercial Services has been flat. As for the longer term, the industry has declined 15% in the last year. 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
Tue, 26 May 2026US$439.4bUS$152.3bUS$13.2b22.4x33.4x2.9x
Thu, 23 Apr 2026US$443.8bUS$150.1bUS$13.0b23.3x34.2x3x
Sat, 21 Mar 2026US$451.5bUS$149.6bUS$12.9b22.5x35.1x3x
Mon, 16 Feb 2026US$472.2bUS$150.0bUS$13.1b25.7x36x3.1x
Wed, 14 Jan 2026US$467.0bUS$149.2bUS$12.3b25.8x37.9x3.1x
Fri, 12 Dec 2025US$450.6bUS$148.8bUS$12.2b24.9x36.8x3x
Sun, 09 Nov 2025US$442.7bUS$150.3bUS$12.4b22.2x35.6x2.9x
Tue, 07 Oct 2025US$493.1bUS$144.3bUS$12.2b28x40.4x3.4x
Thu, 04 Sep 2025US$495.2bUS$146.2bUS$11.7b26.9x42.4x3.4x
Sat, 02 Aug 2025US$501.2bUS$147.1bUS$11.6b27.3x43.4x3.4x
Mon, 30 Jun 2025US$504.2bUS$145.2bUS$11.2b26.6x45x3.5x
Wed, 28 May 2025US$518.9bUS$145.4bUS$11.1b25.1x46.6x3.6x
Fri, 25 Apr 2025US$504.0bUS$145.7bUS$10.8b29x46.5x3.5x
Sun, 23 Mar 2025US$485.4bUS$145.4bUS$10.9b29.5x44.6x3.3x
Tue, 18 Feb 2025US$505.9bUS$150.7bUS$11.4b31.2x44.5x3.4x
Thu, 16 Jan 2025US$483.4bUS$149.6bUS$11.6b33.1x41.8x3.2x
Sat, 14 Dec 2024US$509.0bUS$149.1bUS$11.6b32x43.9x3.4x
Mon, 11 Nov 2024US$513.6bUS$149.9bUS$11.7b27.9x43.9x3.4x
Wed, 09 Oct 2024US$484.7bUS$151.0bUS$10.4b26.7x46.5x3.2x
Fri, 06 Sep 2024US$490.9bUS$151.0bUS$10.4b28.4x47.3x3.3x
Sun, 04 Aug 2024US$474.7bUS$151.5bUS$10.2b26.3x46.6x3.1x
Tue, 02 Jul 2024US$466.8bUS$150.1bUS$9.9b25.7x47.3x3.1x
Thu, 30 May 2024US$451.5bUS$149.2bUS$9.9b25.9x45.7x3x
Sat, 27 Apr 2024US$453.5bUS$149.8bUS$9.7b27.2x46.8x3x
Mon, 25 Mar 2024US$456.1bUS$149.0bUS$9.4b28.4x48.3x3.1x
Wed, 21 Feb 2024US$425.7bUS$147.9bUS$9.3b28x45.6x2.9x
Fri, 19 Jan 2024US$408.6bUS$150.3bUS$9.8b26x41.8x2.7x
Sun, 17 Dec 2023US$402.5bUS$150.2bUS$9.7b26.4x41.6x2.7x
Tue, 14 Nov 2023US$382.8bUS$149.5bUS$9.5b25x40.5x2.6x
Thu, 12 Oct 2023US$353.0bUS$140.0bUS$9.2b25.7x38.3x2.5x
Sat, 09 Sep 2023US$350.5bUS$139.9bUS$9.1b25.2x38.6x2.5x
Mon, 07 Aug 2023US$354.7bUS$139.3bUS$9.0b24x39.6x2.5x
Wed, 05 Jul 2023US$362.2bUS$136.8bUS$9.0b27.4x40.4x2.6x
Fri, 02 Jun 2023US$345.1bUS$136.7bUS$7.1b23.6x48.6x2.5x
Price to Earnings Ratio

48.6x


Total Market Cap: US$345.1bTotal Earnings: US$7.1bTotal Revenue: US$136.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42.5x202420252026
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 33.4x which is lower than its 3-year average PE of 42.5x.
  • 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 Market1.21%
Industrials1.14%
Commercial Services-1.00%
Commercial Printing1.98%
Office Services and Supplies1.54%
Security and Alarm Services1.10%
Diversified Support Services-0.018%
Environmental and Facilities Services-1.73%
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 53.9x.
    • Analysts are expecting annual earnings growth of 14.9%, 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
CPRT CopartUS$33.792.0%
+US$645.4m		-36.0%PE21x
CTAS CintasUS$172.930.4%
+US$292.1m		-23.4%PE35.8x
RBA RB GlobalUS$104.721.4%
+US$266.4m		-0.02%PE48.3x
MSA MSA SafetyUS$170.953.5%
+US$225.4m		5.3%PE22.7x
TTEK Tetra TechUS$27.651.5%
+US$106.4m		-23.6%PE16.3x

Latest News

PBI
US$15.25
Pitney Bowes
7D
-2.3%
1Y
45.2%
HNI
US$30.70
HNI
7D
5.0%
1Y
-34.9%
Narrative Update • May 24

HNI: Higher Margin Outlook Will Support Future Earnings Upside

Analysts have revised the HNI price target from $72 to $69, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following recent research. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$69 target as a reset that still leaves room for upside if HNI meets revenue and profit margin assumptions embedded in their models.
CPRT
US$33.79
Copart
7D
2.0%
1Y
-36.0%
CLH
US$286.92
Clean Harbors
7D
-1.7%
1Y
25.2%
RBA
US$104.72
RB Global
7D
1.4%
1Y
-0.02%
ROL
US$53.46
Rollins
7D
-0.5%
1Y
-6.8%
Narrative Update • May 21

ROL: Active Acquisition Program And Mixed Research Views Will Support Upside

Analysts have nudged their average price target on Rollins slightly lower, trimming fair value from about $64.25 to roughly $64.06 as they factor in mixed recent research that includes both price target raises and cuts alongside modest tweaks to margin and P/E assumptions. Analyst Commentary Recent research on Rollins reflects a mix of optimism and caution, with several firms adjusting price targets and one new initiation at a neutral rating.
MSA
US$170.95
MSA Safety
7D
3.5%
1Y
5.3%
RSG
US$208.93
Republic Services
7D
-2.8%
1Y
-18.0%
Narrative Update • May 19

RSG: Electric Fleets And Advanced Recycling Technology Will Support Future Upside

Analysts have trimmed their price target on Republic Services by about $2 to $243.58, reflecting updated views on its fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News From January 1, 2026 to March 31, 2026, Republic Services repurchased 1,339,618 shares, about 0.43% of its stock, for US$292.33 million, completing a total buyback of 7,666,759 shares, about 2.46%, for US$1,636.2 million under the program announced on October 26, 2023 (company buyback update).
WM
US$217.90
Waste Management
7D
-2.0%
1Y
-8.5%
Seeking Alpha • May 18

Waste Management: The Setup Finally Looks Attractive Again

Summary Waste Management is poised for positive earnings revisions and revenue beats as operational trends normalize post-Stericycle acquisition. WM reaffirmed 2024 guidance: $26.4–$26.6B revenue (+5% y/y), $8.15–$8.25B adj. EBITDA (+6% y/y) and $3.75–$3.85B free cash flow (+29% y/y). Valuation remains undemanding with a 4.3% free cash flow yield and potential for 21% upside to a $265 price target if 2027 targets are met. Volume sensitivity and weather disruptions are key risks, but improving industrial activity and defensive characteristics support WM’s investment case. Read the full article on Seeking Alpha
TTEK
US$27.65
Tetra Tech
7D
1.5%
1Y
-23.6%
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$35.40
OPENLANE
7D
2.8%
1Y
55.6%
CTAS
US$172.93
Cintas
7D
0.4%
1Y
-23.4%
Narrative Update • May 16

CTAS: UniFirst Deal Is Expected To Support Future Earnings Resilience

Analysts have trimmed their average price targets for Cintas by a few dollars per share, reflecting slightly higher discount rate assumptions and updated views on earnings contributions from the UniFirst deal and other recent research. Analyst Commentary Recent research on Cintas shows a mix of optimism around the UniFirst acquisition and caution around valuation and execution risks, which is feeding into the latest price target revisions.
WCN
US$155.71
Waste Connections
7D
-1.1%
1Y
-20.7%
BCO
US$104.75
Brink's
7D
2.4%
1Y
24.1%
Analysis Article • May 14

Brink's' (NYSE:BCO) Solid Earnings Are Supported By Other Strong Factors

The Brink's Company ( NYSE:BCO ) just reported healthy earnings but the stock price didn't move much. We think that...
HCSG
US$20.43
Healthcare Services Group
7D
-1.7%
1Y
43.3%
Narrative Update • May 03

HCSG: Outsourced Services And Buybacks Will Drive Future Earnings Resilience

The analyst price target for Healthcare Services Group has been revised from $24 to $26.20 as analysts factor in modestly higher modeled revenue growth, a slightly lower profit margin, and updated P/E assumptions informed by recent target changes across firms such as RBC Capital, UBS, Benchmark, Baird, and BMO Capital. Analyst Commentary Recent Street research on Healthcare Services Group reflects a mix of constructive and cautious views, with several firms adjusting price targets and one initiating coverage with a neutral stance.
ROMA
US$7.53
Roma Green Finance
7D
-9.1%
1Y
168.9%
Analysis Article • Apr 08

We're Not Very Worried About Roma Green Finance's (NASDAQ:ROMA) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...