Building Services and Facilities Management Valuation Benchmarks
Facilities management is one of the few service sectors where the largest operators are all publicly traded, which makes it unusually transparent. Hard FM, soft FM, mechanical and electrical maintenance and technical services each carry a distinct valuation profile, and the publicly traded set is where that difference is visible.
What are publicly traded building services & fm companies valued at?
Publicly traded building services & fm companies, meaning those whose shares are bought and sold on a stock exchange, are valued at a median of 13.1x EV/EBITDA, across a range of 4.5x to 39.8x, based on 61 companies whose shares trade on a stock exchange, as at 2026-08-14.
Private companies in the same trades sell for less than this. Stock market valuations reflect scale, the ease of selling shares on again and full public reporting, none of which a private seller carries.
| Median EV/EBITDA | 13.1x |
|---|---|
| Range | 4.5x – 39.8x |
| Constituents | 61 |
Last reviewed August 2026 by Joe Lewin, Founder and Managing Director, DealFlowAgent.
The publicly traded companies in this sector
| Stock exchange | Market cap | As at / source | |||||
|---|---|---|---|---|---|---|---|
SKS Technologies Group Limited
Electrical contracting
|
Australian Securities Exchange Ticker ASX: SKS · Australia
|
$500m to $2bn | 39.8x | 3.7x | 9.3% | — |
2026-08-14 Investor relations
|
QXO, Inc.
Roofing and cladding
|
NASDAQ, New York Ticker NASDAQ: QXO · United States
|
$10bn to $50bn | 38.0x | 2.3x | 5.9% | — |
2026-08-14 Investor relations
|
Quanta Services, Inc.
Electrical contracting
|
New York Stock Exchange Ticker NYSE: PWR · United States
|
Over $50bn | 35.9x | 3.3x | 9.3% | — |
2026-08-14 Investor relations
|
Comfort Systems USA, Inc.
Electrical contracting
|
New York Stock Exchange Ticker NYSE: FIX · United States
|
Over $50bn | 32.4x | 5.8x | 17.8% | — |
2026-08-14 Investor relations
|
IES Holdings, Inc.
Electrical contracting
|
NASDAQ, New York Ticker NASDAQ: IESC · United States
|
$10bn to $50bn | 26.8x | 3.7x | 13.8% | — |
2026-08-14 Investor relations
|
Zhejiang Meilun Elevator Co., Ltd.
Lift and elevator maintenance
|
Shanghai Stock Exchange Ticker SSE: 603321 · China
|
Under $500m | 26.1x | 2.3x | 8.7% | — |
2026-08-14 Investor relations
|
CBRE Group, Inc.
Integrated facilities management
|
New York Stock Exchange Ticker NYSE: CBRE · United States
|
Over $50bn | 24.6x | 1.2x | 5.1% | — |
2026-08-14 Investor relations
|
Rollins, Inc.
Pest control
|
New York Stock Exchange Ticker NYSE: ROL · United States
|
$10bn to $50bn | 21.3x | 4.7x | 22.0% | — |
2026-08-14 Investor relations
|
Ecolab Inc.
Pest control
|
New York Stock Exchange Ticker NYSE: ECL · United States
|
Over $50bn | 20.9x | 5.1x | 24.6% | — |
2026-08-14 Investor relations
|
Japan Elevator Service Holdings Co., Ltd.
Lift and elevator maintenance
|
Tokyo Stock Exchange Ticker TSE: 6544 · Japan
|
$500m to $2bn | 20.5x | 4.6x | 22.4% | — |
2026-08-14 Investor relations
|
Southern Cross Electrical Engineering Limited
Electrical contracting
|
Australian Securities Exchange Ticker ASX: SXE · Australia
|
$500m to $2bn | 18.8x | 1.5x | 7.8% | — |
2026-08-14 Investor relations
|
Willdan Group, Inc.
Energy management and efficiency
|
NASDAQ, New York Ticker NASDAQ: WLDN · United States
|
$500m to $2bn | 18.6x | 1.9x | 9.9% | — |
2026-08-14 Investor relations
|
EMCOR Group, Inc.
Electrical contracting
|
New York Stock Exchange Ticker NYSE: EME · United States
|
$10bn to $50bn | 18.3x | 2.0x | 10.7% | — |
2026-08-14 Investor relations
|
Balfour Beatty plc
Commercial fit-out and refurbishment
|
London Stock Exchange Ticker LSE: BBY.L · United Kingdom
|
$2bn to $10bn | 18.1x | 0.3x | 1.9% | — |
2026-08-14 Investor relations
|
MYR Group Inc.
Electrical contracting
|
NASDAQ, New York Ticker NASDAQ: MYRG · United States
|
$2bn to $10bn | 17.7x | 1.3x | 7.3% | — |
2026-08-14 Investor relations
|
Babcock International Group PLC
Integrated facilities management
|
London Stock Exchange Ticker LSE: BAB.L · United Kingdom
|
$2bn to $10bn | 17.6x | 1.2x | 6.9% | — |
2026-08-14 Investor relations
|
Chemed Corp
Plumbing and drainage
|
New York Stock Exchange Ticker NYSE: CHE · United States
|
$2bn to $10bn | 17.3x | 2.8x | 16.1% | — |
2026-08-14 Investor relations
|
Alarm.com Holdings, Inc.
Security systems and monitoring
|
NASDAQ, New York Ticker NASDAQ: ALRM · United States
|
$2bn to $10bn | 17.1x | 2.7x | 15.8% | — |
2026-08-14 Investor relations
|
Bravida Holding AB
Hard FM and M&E services
|
Nasdaq Stockholm Ticker OMX: BRAV.ST · Sweden
|
$2bn to $10bn | 16.9x | 1.0x | 6.2% | — |
2026-08-14 Investor relations
|
KONE Corporation
Lift and elevator maintenance
|
Nasdaq Stockholm Ticker OMX: KNEBV · Finland
|
$10bn to $50bn | 16.7x | 2.3x | 13.5% | — |
2026-08-14 Investor relations
|
Compass Group PLC
Integrated facilities management
|
London Stock Exchange Ticker LSE: CPG.L · United Kingdom
|
Over $50bn | 16.6x | 1.3x | 7.9% | — |
2026-08-14 Investor relations
|
Ameresco, Inc.
Energy management and efficiency
|
New York Stock Exchange Ticker NYSE: AMRC · United States
|
$2bn to $10bn | 15.9x | 2.0x | 12.5% | — |
2026-08-14 Investor relations
|
Tetra Tech, Inc.
Restoration and disaster recovery
|
NASDAQ, New York Ticker NASDAQ: TTEK · United States
|
$10bn to $50bn | 15.5x | 2.3x | 15.0% | — |
2026-08-14 Investor relations
|
Acuity Brands, Inc.
Building controls and BMS
|
New York Stock Exchange Ticker NYSE: AYI · United States
|
$10bn to $50bn | 14.8x | 2.4x | 16.2% | — |
2026-08-14 Investor relations
|
Schindler Holding AG
Lift and elevator maintenance
|
SIX Swiss Exchange Ticker SIX: SCHN · Switzerland
|
$10bn to $50bn | 14.3x | 2.1x | 14.6% | — |
2026-08-14 Investor relations
|
Lennox International Inc.
HVAC service and maintenance
|
New York Stock Exchange Ticker NYSE: LII · United States
|
$10bn to $50bn | 14.1x | 3.1x | 22.1% | — |
2026-08-14 Investor relations
|
Otis Worldwide Corporation
Lift and elevator maintenance
|
New York Stock Exchange Ticker NYSE: OTIS · United States
|
$10bn to $50bn | 13.6x | 2.4x | 17.7% | — |
2026-08-14 Investor relations
|
Azbil Corporation
Building controls and BMS
|
Tokyo Stock Exchange Ticker TSE: 6845.T · Japan
|
$2bn to $10bn | 13.3x | 2.4x | 18.0% | — |
2026-08-14 Investor relations
|
SPIE SA
Building controls and BMS
|
Euronext Ticker Euronext: SPIE.PA · France
|
$10bn to $50bn | 13.3x | 1.1x | 8.0% | — |
2026-08-14 Investor relations
|
ISS A/S
Integrated facilities management
|
Nasdaq Stockholm Ticker OMX: ISS.CO · Denmark
|
$2bn to $10bn | 13.1x | 0.7x | 5.4% | — |
2026-08-14 Investor relations
|
Serco Group plc
Integrated facilities management
|
London Stock Exchange Ticker LSE: SRP.L · United Kingdom
|
$2bn to $10bn | 12.6x | 0.7x | 5.4% | — |
2026-08-14 Investor relations
|
Kodiak Gas Services, Inc.
Refrigeration and cooling services
|
New York Stock Exchange Ticker NYSE: KGS · United States
|
$2bn to $10bn | 12.4x | 6.7x | 53.8% | — |
2026-08-14 Investor relations
|
Fasadgruppen Group AB (publ)
Roofing and cladding
|
Nasdaq Stockholm Ticker OMX: FG.ST · Sweden
|
Under $500m | 12.0x | 0.6x | 5.0% | — |
2026-08-14 Investor relations
|
Jones Lang LaSalle Incorporated
Integrated facilities management
|
New York Stock Exchange Ticker NYSE: JLL · United States
|
$10bn to $50bn | 11.9x | 0.7x | 6.1% | — |
2026-08-14 Investor relations
|
eEnergy Group plc
Energy management and efficiency
|
London Stock Exchange Ticker LSE: EAAS.L · United Kingdom
|
Under $500m | 11.8x | 0.4x | 3.4% | — |
2026-08-14 Investor relations
|
Amrize Ltd
Roofing and cladding
|
New York Stock Exchange Ticker NYSE: AMRZ · United States
|
$10bn to $50bn | 11.1x | 2.6x | 23.7% | — |
2026-08-14 Investor relations
|
Mitie Group plc
Building controls and BMS
|
London Stock Exchange Ticker LSE: MTO.L · United Kingdom
|
$2bn to $10bn | 10.9x | 0.6x | 5.0% | — |
2026-08-14 Investor relations
|
ABM Industries Incorporated
Commercial cleaning and soft FM
|
New York Stock Exchange Ticker NYSE: ABM · United States
|
$2bn to $10bn | 10.7x | 0.5x | 4.9% | — |
2026-08-14 Investor relations
|
Intelligent Monitoring Group Limited
Security systems and monitoring
|
Australian Securities Exchange Ticker ASX: IMB · Australia
|
Under $500m | 10.4x | 1.7x | 16.4% | — |
2026-08-14 Investor relations
|
Alamo Group Inc.
Landscaping and grounds maintenance
|
New York Stock Exchange Ticker NYSE: ALG · United States
|
$2bn to $10bn | 10.2x | 1.3x | 12.3% | — |
2026-08-14 Investor relations
|
Cushman & Wakefield plc
Integrated facilities management
|
New York Stock Exchange Ticker NYSE: CWK · United States
|
$2bn to $10bn | 10.2x | 0.6x | 5.4% | — |
2026-08-14 Investor relations
|
Rentokil Initial plc
Pest control
|
London Stock Exchange Ticker LSE: RTO.L · United Kingdom
|
$10bn to $50bn | 10.0x | 1.8x | 17.5% | — |
2026-08-14 Investor relations
|
Limbach Holdings, Inc.
Building controls and BMS
|
NASDAQ, New York Ticker NASDAQ: LMB · United States
|
$500m to $2bn | 9.9x | 0.9x | 8.7% | — |
2026-08-14 Investor relations
|
Galliford Try Holdings plc
Commercial fit-out and refurbishment
|
London Stock Exchange Ticker LSE: GFRD.L · United Kingdom
|
$500m to $2bn | 9.7x | 0.2x | 2.5% | — |
2026-08-14 Investor relations
|
Secom Co., Ltd.
Security systems and monitoring
|
Tokyo Stock Exchange Ticker TSE: 9735 · Japan
|
$10bn to $50bn | 9.5x | 1.8x | 19.2% | — |
2026-08-14 Investor relations
|
Renew Holdings plc
Hard FM and M&E services
|
London Stock Exchange Ticker LSE: RNWH.L · United Kingdom
|
$500m to $2bn | 9.3x | 0.7x | 7.3% | — |
2026-08-14 Investor relations
|
Securitas AB
Security systems and monitoring
|
Nasdaq Stockholm Ticker OMX: SECU-B · Sweden
|
$10bn to $50bn | 9.2x | 0.8x | 8.6% | — |
2026-08-14 Investor relations
|
Kier Group plc
Commercial fit-out and refurbishment
|
London Stock Exchange Ticker LSE: KIE.L · United Kingdom
|
$500m to $2bn | 9.1x | 0.3x | 3.2% | — |
2026-08-14 Investor relations
|
Energy Services of America Corporation
Energy management and efficiency
|
NASDAQ, New York Ticker NASDAQ: ESOA · United States
|
Under $500m | 8.3x | 0.6x | 7.1% | — |
2026-08-14 Investor relations
|
Innovators Facade Systems Limited
Roofing and cladding
|
Stock exchange Ticker Other: INNOVATORS · India
|
Under $500m | 8.0x | 1.0x | 12.5% | — |
2026-08-14 Investor relations
|
BrightView Holdings, Inc.
Landscaping and grounds maintenance
|
New York Stock Exchange Ticker NYSE: BV · United States
|
$2bn to $10bn | 7.8x | 0.9x | 11.8% | — |
2026-08-14 Investor relations
|
Prosegur Compania de Seguridad, S.A.
Security systems and monitoring
|
Stock exchange Ticker Other: PSG · Spain
|
$2bn to $10bn | 7.3x | 0.7x | 9.0% | — |
2026-08-14 Investor relations
|
Husqvarna AB
Landscaping and grounds maintenance
|
Nasdaq Stockholm Ticker OMX: HUSQB · Sweden
|
$2bn to $10bn | 7.0x | 0.7x | 10.3% | — |
2026-08-14 Investor relations
|
Morgan Sindall Group plc
Commercial fit-out and refurbishment
|
London Stock Exchange Ticker LSE: MGNS.L · United Kingdom
|
$2bn to $10bn | 7.0x | 0.3x | 4.9% | — |
2026-08-14 Investor relations
|
Mears Group plc
Property maintenance and mobile engineering
|
London Stock Exchange Ticker LSE: MER.L · United Kingdom
|
$500m to $2bn | 6.9x | 0.5x | 7.7% | — |
2026-08-14 Investor relations
|
Croma Security Solutions Group PLC
Security systems and monitoring
|
London Stock Exchange (AIM) Ticker AIM: CSSG · United Kingdom
|
Under $500m | 6.7x | 0.6x | 8.5% | — |
2026-08-14 Investor relations
|
Alumasc Group plc
Roofing and cladding
|
London Stock Exchange Ticker LSE: ALU.L · United Kingdom
|
Under $500m | 6.5x | 0.9x | 14.0% | — |
2026-08-14 Investor relations
|
ADT Inc.
Security systems and monitoring
|
New York Stock Exchange Ticker NYSE: ADT · United States
|
$10bn to $50bn | 4.9x | 2.5x | 52.2% | — |
2026-08-14 Investor relations
|
REACT Group PLC
Commercial cleaning and soft FM
|
London Stock Exchange Ticker LSE: REAT · United Kingdom
|
Under $500m | 4.5x | 0.5x | 10.5% | — |
2026-08-14 Investor relations
|
Dycom Industries, Inc.
Electrical contracting
|
New York Stock Exchange Ticker NYSE: DY · United States
|
$10bn to $50bn | — | — | 13.2% | — |
2026-08-14 Investor relations
|
Liftech Group Bhd
Lift and elevator maintenance
|
Stock exchange Ticker Other: 0462 · Malaysia
|
Under $500m | — | — | 18.6% | — |
2026-08-14 Investor relations
|
What owners can learn from this
Self-delivery is valued above subcontracted delivery
Publicly traded FM groups report self-delivered revenue as a separate metric because it carries higher and more defensible margin. Private buyers underwrite it the same way.
Contract length is only useful with contract profitability
Long contracts on thin margins depress the multiple. The stock market reporting makes this explicit through contract margin disclosure.
Technical services command a premium over soft services
The spread between technical and soft FM multiples in the publicly traded set is the same spread private acquirers apply.
Scale is where FM margin comes from
Margin expansion in the publicly traded set tracks route density and overhead absorption, which is why the consolidators keep buying regionally dense contractors.
Public sector exposure cuts both ways
It is durable revenue with slow pricing. Publicly traded operators disclose the mix precisely because it changes how the earnings are valued.
Frequently asked questions
What multiple do publicly traded facilities management companies trade at?
The constituent table on this page gives each publicly traded group's reported EV/EBITDA multiple with its capture date and source filing, and the sector median above it.
Why is my FM business worth less than the stock market multiple?
Private companies transact at a discount to publicly traded companies for size, liquidity, customer concentration and owner dependency. The bridge on this page shows the typical range.
Why a private company advisory firm publishes this
DealFlowAgent is a sell-side mergers and acquisitions advisory firm. We act for owners of privately held building services & fm businesses, typically between one million and fifty million pounds of enterprise value, and we run the sale process from preparation through to completion. We do not advise on shares, we do not manage money, and we have no interest in any company named on this page.
These figures are published because they are the only fully disclosed evidence of what buyers pay for this kind of work. They set the ceiling. What a private owner actually achieves is set by the size, contract quality and management depth of their own business, which is what our sector valuation guides and free valuation cover.
Related reading
Citing this data and press contact
Journalists, analysts and researchers are welcome to reproduce these figures with attribution. Every number is a dated snapshot of publicly reported company data, not a forecast or an opinion on any share.
How to cite
"DealFlowAgent, Building Services & FM public market benchmarks, publicly traded comparable library, market values as at 14 August 2026 and earnings evidence to 19 August 2026."
Please link to this page when the figures are quoted. Source documents for each constituent are linked in the table above.
Press contact and commentary
Joe Lewin, Founder of DealFlowAgent, gives commentary on private company valuation, buyer behaviour and consolidation in building services, facilities management and healthcare. Commentary is confined to private M&A. We do not comment on the merits of any listed security.
What is your own business worth today?
Stock market figures are a starting point, not an answer. Get a free valuation and value drivers report priced against completed transactions in your specific niche.
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