Narrative Update • Aug 06

Over the last 7 days, the Commercial Services industry has remained flat, although notably RB Global declined by 16%. As for the longer term, the industry has declined 9.5% in the last year. Earnings are forecast to grow by 14% annually.
Has the U.S. Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Aug 2026 | US$452.7b | US$154.0b | US$13.6b | 19.2x | 33.2x | 2.9x |
| Sun, 05 Jul 2026 | US$452.8b | US$151.9b | US$13.3b | 20.7x | 33.9x | 3x |
| Tue, 02 Jun 2026 | US$423.9b | US$152.3b | US$13.2b | 21.4x | 32.2x | 2.8x |
| Thu, 30 Apr 2026 | US$446.7b | US$150.6b | US$13.1b | 22.7x | 34.2x | 3x |
| Sat, 28 Mar 2026 | US$437.8b | US$150.0b | US$12.9b | 22x | 33.8x | 2.9x |
| Mon, 23 Feb 2026 | US$472.5b | US$150.2b | US$12.9b | 25.1x | 36.6x | 3.1x |
| Wed, 21 Jan 2026 | US$474.3b | US$149.2b | US$12.3b | 25.5x | 38.5x | 3.2x |
| Fri, 19 Dec 2025 | US$461.7b | US$149.1b | US$12.3b | 23.8x | 37.4x | 3.1x |
| Sun, 16 Nov 2025 | US$450.2b | US$151.9b | US$12.3b | 23.9x | 36.5x | 3x |
| Tue, 14 Oct 2025 | US$483.9b | US$144.3b | US$12.2b | 27.2x | 39.7x | 3.4x |
| Thu, 11 Sep 2025 | US$487.2b | US$146.4b | US$11.8b | 25.7x | 41.4x | 3.3x |
| Sat, 09 Aug 2025 | US$508.1b | US$147.4b | US$11.8b | 28.1x | 43.2x | 3.4x |
| Mon, 07 Jul 2025 | US$504.8b | US$145.2b | US$11.2b | 26.7x | 45x | 3.5x |
| Wed, 04 Jun 2025 | US$521.7b | US$145.1b | US$11.3b | 25x | 46.2x | 3.6x |
| Fri, 02 May 2025 | US$516.2b | US$146.7b | US$11.0b | 27.6x | 46.9x | 3.5x |
| Sun, 30 Mar 2025 | US$495.1b | US$145.5b | US$10.9b | 32.3x | 45.3x | 3.4x |
| Tue, 25 Feb 2025 | US$501.0b | US$151.3b | US$11.5b | 30x | 43.5x | 3.3x |
| Thu, 23 Jan 2025 | US$498.4b | US$149.6b | US$11.6b | 32.2x | 43.1x | 3.3x |
| Sat, 21 Dec 2024 | US$477.7b | US$149.4b | US$11.6b | 31.3x | 41.2x | 3.2x |
| Mon, 18 Nov 2024 | US$501.9b | US$149.3b | US$11.8b | 29.2x | 42.7x | 3.4x |
| Wed, 16 Oct 2024 | US$500.0b | US$151.0b | US$10.4b | 25.8x | 48x | 3.3x |
| Fri, 13 Sep 2024 | US$485.5b | US$151.0b | US$10.3b | 26x | 47.1x | 3.2x |
| Sun, 11 Aug 2024 | US$473.1b | US$150.8b | US$10.4b | 30x | 45.3x | 3.1x |
| Tue, 09 Jul 2024 | US$467.1b | US$150.1b | US$9.9b | 25.2x | 47.1x | 3.1x |
| Thu, 06 Jun 2024 | US$454.6b | US$150.1b | US$9.8b | 26.6x | 46.3x | 3x |
| Sat, 04 May 2024 | US$447.7b | US$150.2b | US$10.0b | 27.1x | 44.7x | 3x |
| Mon, 01 Apr 2024 | US$463.8b | US$149.2b | US$9.5b | 28.9x | 48.6x | 3.1x |
| Wed, 28 Feb 2024 | US$439.4b | US$148.7b | US$9.3b | 27.5x | 47.2x | 3x |
| Fri, 26 Jan 2024 | US$411.5b | US$150.3b | US$9.8b | 26.1x | 42.1x | 2.7x |
| Sun, 24 Dec 2023 | US$410.5b | US$150.2b | US$9.8b | 27.4x | 42x | 2.7x |
| Tue, 21 Nov 2023 | US$389.5b | US$150.0b | US$9.6b | 25.6x | 40.5x | 2.6x |
| Thu, 19 Oct 2023 | US$370.0b | US$147.8b | US$10.2b | 25.1x | 36.2x | 2.5x |
| Sat, 16 Sep 2023 | US$355.8b | US$139.9b | US$9.1b | 26.1x | 39.2x | 2.5x |
| Mon, 14 Aug 2023 | US$355.4b | US$139.6b | US$9.1b | 24.6x | 38.9x | 2.5x |
38.9x
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 3.47% | |
| Industrials | 4.05% | |
| Commercial Services | -0.82% | |
| Office Services and Supplies | 9.15% | |
| Commercial Printing | 4.09% | |
| Environmental and Facilities Services | 0.35% | |
| Security and Alarm Services | -0.12% | |
| Diversified Support Services | -4.27% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WM Waste Management | US$229.01 | 1.2% +US$1.1b | -1.8% | PE32.1x | |
| VLTO Veralto | US$98.02 | 3.5% +US$807.0m | -8.9% | PE24.2x | |
| MSA MSA Safety | US$193.96 | 11.2% +US$752.0m | 9.6% | PE23.8x | |
| TTEK Tetra Tech | US$34.73 | 7.0% +US$583.8m | -6.7% | PE20.4x | |
| HNI HNI | US$48.89 | 12.2% +US$391.5m | 12.1% | PE840.2x |