# FirstService share price today (FirstService Corporation, FSV) > FirstService Corporation's P/E is near the low end of its own history, higher than only 20% of past readings, and its quarterly results are still getting worse. FSV · Real Estate · Real Estate Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fsv Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Business trend: Mixed, from the last 12 quarters - Price: $148.90 (−6.6% in a year) - P/E: 45.1× (lower than 80% of the last 4.6 years) - Revenue (Sep 2026): $1.5 B (+5.8% on a year ago) - Profit (Sep 2026): $42.9 M (−24.9% on a year ago) - Operating margin: 7.3% (−0.4 points on a year ago) - ROE: 8%, FY25 - ROIC: 8.0%, against a 7.7% cost of capital: +0.3 points The main question: the P/E is near the low end of its own history, higher than only 20% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the FirstService share price today? FirstService Corporation's share price was $148.90 at the close on 3 November 2026. It has been stalling near its high for 3 weeks. That is 4.9% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 3 weeks in a row. In the last 52 weeks it traded between $129 and $162, and at that close it sat 60% of the way up from that low. Over the last 10 years the share price moved +231% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does FirstService pay? FirstService Corporation paid $1.19 per share over the last four reported quarters. The most recent declaration was $0.30 for Sep 2026. At today's price of $148.90 that is a yield of 0.80%, based on dividends already paid, not a forecast. ## Which stock lists is FirstService on? FirstService is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is FirstService profitable? FirstService Corporation earned $42.9 M of net profit in the Sep 2026 quarter, −24.9% on the same quarter a year earlier. Full-year FY25 profit was $145 M. Over 4 years profit has grown 1.8% a year on average. That is 2.8% of the quarter's revenue. The same quarter a year earlier earned $57.2 M. For the full year, FY25 profit was $145 M (+7.9% on the year before). Why profit moved: revenue changed +5.8% on a year earlier and the margin moved −0.4 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +151.6% and revenue +3.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does FirstService make, and is it growing? FirstService Corporation reported $1.5 B of revenue in the Sep 2026 quarter, +5.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 14.1% a year on average. The last full year, FY25, came in at $5.5 B. The last four reported quarters add to $5.7 B. FY25 revenue was $5.5 B, +5.4% on the year before. Recent pace: the last four quarters grew +3.7% on average, against 14.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +3.7%, against +7.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +6.2%, against +16.6% a year (rolling over). ## How much of every $100 of sales does FirstService keep? FirstService Corporation's operating margin was 7.3% in the Sep 2026 quarter, 0.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 6.0% and 6.6%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed −0.4 percentage points on the year while gross margin changed −1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is FirstService's profit turning into cash? Over the last 3 years, 266% of FirstService Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $446 M of operating cash against $145 M of profit. After $128 M of spending on assets, $318 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does FirstService's cash go? FirstService Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $333 M on assets over the last 3 years. Averaged over those years that is 2.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $333 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is FirstService's P/E ratio, and how does it compare with its own history? FirstService Corporation's P/E is 45.1×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 51.9×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +6.7% while the price moved −6.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +0.4% a year; about +3.4% a year came from earnings growth and about −3.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the FirstService business getting better or worse? FirstService Corporation's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +44.5% at its peak to +6.2%, but the business is still expanding, with ROCE steady at 9.9%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does FirstService earn on its capital? FirstService Corporation earned a ROE of 8% in FY25. Its return on capital used (ROIC) is 0.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.6% net margin and 1.28× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 2.6% net margin × 1.28× asset turnover × 2.30× leverage (assets divided by equity) ≈ 7.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.0% − 7.7% = +0.3 percentage points. The 7.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does FirstService have too much debt? FirstService Corporation has total debt of $1.9 B against shareholder equity of $1.5 B as of Sep 2026, so its debt is 1.26× its equity. Year by year, that ratio went from 0.81 in FY21 to 0.74 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the FirstService shareholding pattern? 2.0% of FirstService Corporation's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 4.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is FirstService from balance-sheet trouble? For FirstService Corporation, the Z-score is 3.03. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.03 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does FirstService rank in its industry? 50.3 out of 100, rank 9 of 27 in Real Estate Services, with 85% of the evidence available. FirstService Corporation scores 50.3 out of 100 against the 27 companies it is compared with in Real Estate Services, ranking 9. Relative strength against the index is -2.4%, and revenue and profit growth are weak. The four parts add up to the total exactly: 15.2 + 14.8 + 4.7 + 15.6 = 50.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is FirstService compared with? FirstService ranks 9 of 27 Real Estate Services companies on the 4-Factor Sector Score, with 50.3 out of 100. 1. Comstock Holding Companies, Inc. CHCI · breaking out · Sector-leading setup · 81% evidence 81.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 37.5% · Profit 66.7% · Operating margin change 15.7 points · 83% evidence Capital efficiency 20.0/25 · ROCE 19.2% · Operating margin 29.4% · 76% evidence Valuation 15.9/20 · P/E 6.6× · PEG 0.12 · 65% evidence Relative strength 19.6/20 · Lead over its industry 31.6% · Lead over S&P 500 19.1% · 1 year 23.1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.8 + 20 + 15.9 + 19.6 = 81.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Jones Lang LaSalle Incorporated](https://www.sectoralpha.in/us/stocks/jll) JLL · turning · Most evidence points up · 81% evidence 73.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.4/35 · Revenue 11.2% · Profit 77.6% · Operating margin change 1.1 points · 83% evidence Capital efficiency 15.8/25 · ROCE 12.8% · Operating margin 4.6% · 76% evidence Valuation 15.1/20 · P/E 14.4× · PEG 0.44 · 65% evidence Relative strength 17.6/20 · Lead over its industry 22.2% · Lead over S&P 500 9.2% · 1 year 25% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.4 + 15.8 + 15.1 + 17.6 = 73.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [IHS Holding Limited](https://www.sectoralpha.in/us/stocks/ihs) IHS · turning · Too little evidence to rank firmly · 56% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue n/a · Profit n/a · Operating margin change -17.6 points · 39% evidence Capital efficiency 18.9/25 · ROCE 22.6% · Operating margin 20.5% · 76% evidence Valuation 10.4/20 · P/E 14.8× · PEG n/a · 15% evidence Relative strength 15.3/20 · Lead over its industry 11.2% · Lead over S&P 500 -0.1% · 1 year 27.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.4 + 18.9 + 10.4 + 15.3 = 62 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Transcontinental Realty Investors, Inc.](https://www.sectoralpha.in/us/stocks/tci) TCI · breaking out · Too little evidence to rank firmly · 55% evidence 57.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 4.2% · Profit 14.3% · Operating margin change -11.4 points · 40% evidence Capital efficiency 11.1/25 · ROCE n/a · Operating margin -18.2% · 30% evidence Valuation 12.9/20 · P/E 32.2× · PEG 0.52 · 65% evidence Relative strength 18.7/20 · Lead over its industry 21.6% · Lead over S&P 500 8.2% · 1 year 6.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.4 + 11.1 + 12.9 + 18.7 = 57.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [The RMR Group Inc.](https://www.sectoralpha.in/us/stocks/rmr) RMR · basing · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 13.8% · Profit 0% · Operating margin change -6.5 points · 83% evidence Capital efficiency 17.7/25 · ROCE 11.4% · Operating margin 20.6% · 76% evidence Valuation 13.9/20 · P/E 18.3× · PEG 0.48 · 65% evidence Relative strength 6.2/20 · Lead over its industry -0.9% · Lead over S&P 500 -10.8% · 1 year 4.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18 + 17.7 + 13.9 + 6.2 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Newmark Group, Inc.](https://www.sectoralpha.in/us/stocks/nmrk) NMRK · basing · Evidence leans up · 81% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 20.8% · Profit 97.3% · Operating margin change -0.7 points · 83% evidence Capital efficiency 12.0/25 · ROCE 7.4% · Operating margin 4.9% · 76% evidence Valuation 12.6/20 · P/E 18.1× · PEG 0.86 · 65% evidence Relative strength 3.5/20 · Lead over its industry -16.2% · Lead over S&P 500 -25.6% · 1 year -31.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23.9 + 12 + 12.6 + 3.5 = 52 · What this means: Earnings are strong; relative strength in its sector is -16.2% and the one-year return is -31.6%. 7. [Marcus & Millichap, Inc.](https://www.sectoralpha.in/us/stocks/mmi) MMI · basing · Evidence leans up · 64% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 11.8% · Profit n/a · Operating margin change 6.4 points · 62% evidence Capital efficiency 8.1/25 · ROCE 1.4% · Operating margin 1.1% · 76% evidence Valuation 8.9/20 · P/E 82.1× · PEG n/a · 15% evidence Relative strength 11.9/20 · Lead over its industry 5.6% · Lead over S&P 500 -5.4% · 1 year -3% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.4 + 8.1 + 8.9 + 11.9 = 51.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Cushman & Wakefield Limited](https://www.sectoralpha.in/us/stocks/cwk) CWK · turning · Evidence leans up · 71% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 11% · Profit -66.5% · Operating margin change 0 points · 83% evidence Capital efficiency 12.5/25 · ROCE 9.3% · Operating margin 4.9% · 76% evidence Valuation 9.0/20 · P/E 45.4× · PEG n/a · 15% evidence Relative strength 13.5/20 · Lead over its industry 4.9% · Lead over S&P 500 -6.8% · 1 year -13.4% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.8 + 12.5 + 9 + 13.5 = 50.8 · What this means: Relative strength against the index is -6.8%, and revenue and profit growth are weak. 9. FirstService Corporation this page FSV · turning · Evidence leans up · 85% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.2/35 · Revenue 3.7% · Profit 6.5% · Operating margin change -0.4 points · 95% evidence Capital efficiency 14.8/25 · ROCE 9.8% · Operating margin 7.3% · 76% evidence Valuation 4.7/20 · P/E 38.3× · PEG 4.63 · 65% evidence Relative strength 15.6/20 · Lead over its industry 9.6% · Lead over S&P 500 -2.4% · 1 year -1.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.2 + 14.8 + 4.7 + 15.6 = 50.3 · What this means: Relative strength against the index is -2.4%, and revenue and profit growth are weak. 10. [CBRE Group, Inc.](https://www.sectoralpha.in/us/stocks/cbre) CBRE · basing · Evidence leans down · 85% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 14.5% · Profit 12.5% · Operating margin change -1 points · 95% evidence Capital efficiency 12.2/25 · ROCE 5.9% · Operating margin 3.9% · 76% evidence Valuation 8.8/20 · P/E 26.9× · PEG 1.76 · 65% evidence Relative strength 9.9/20 · Lead over its industry -0.1% · Lead over S&P 500 -11.2% · 1 year -11.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.3 + 12.2 + 8.8 + 9.9 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Seaport Entertainment Group Inc.](https://www.sectoralpha.in/us/stocks/seg) SEG · quiet · Too little evidence to rank firmly · 53% evidence 45.7 out of 100 Growth Capital Valuation Relative 12. [Colliers International Group Inc.](https://www.sectoralpha.in/us/stocks/cigi) CIGI · turning · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative 13. [Compass, Inc.](https://www.sectoralpha.in/us/stocks/comp) COMP · quiet · Evidence leans down · 64% evidence 44.7 out of 100 Growth Capital Valuation Relative 14. [CoStar Group, Inc.](https://www.sectoralpha.in/us/stocks/csgp) CSGP · breaking out · Evidence leans down · 81% evidence 42.0 out of 100 Growth Capital Valuation Relative 15. [The Real Brokerage Inc.](https://www.sectoralpha.in/us/stocks/reax) REAX · basing · Evidence leans down · 64% evidence 41.2 out of 100 Growth Capital Valuation Relative 16. [RE/MAX Holdings, Inc.](https://www.sectoralpha.in/us/stocks/rmax) RMAX · Too little evidence to rank firmly · 51% evidence 40.9 out of 100 Growth Capital Valuation Relative 17. [AGNT, Inc](https://www.sectoralpha.in/us/stocks/agnt) AGNT · basing · Evidence leans down · 64% evidence 40.2 out of 100 Growth Capital Valuation Relative 18. [FRP Holdings, Inc.](https://www.sectoralpha.in/us/stocks/frph) FRPH · basing · Too little evidence to rank firmly · 52% evidence 36.0 out of 100 Growth Capital Valuation Relative 19. [Maui Land & Pineapple Company, Inc.](https://www.sectoralpha.in/us/stocks/mlp) MLP · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative 20. Douglas Elliman Inc. DOUG · basing · Most evidence points down · 64% evidence 33.4 out of 100 Growth Capital Valuation Relative 21. [Opendoor Technologies Inc.](https://www.sectoralpha.in/us/stocks/open) OPEN · basing · Most evidence points down · 64% evidence 22.6 out of 100 Growth Capital Valuation Relative 22. [American Realty Investors, Inc.](https://www.sectoralpha.in/us/stocks/arl) ARL · turning · Too little evidence to rank firmly · 45% evidence 55.0 out of 100 Growth Capital Valuation Relative 23. New England Realty Associates Limited Partnership NEN · quiet · Too little evidence to rank firmly · 32% evidence 46.9 out of 100 Growth Capital Valuation Relative 24. Rafael Holdings, Inc. RFL · Too little evidence to rank firmly · 15% evidence 43.0 out of 100 Growth Capital Valuation Relative 25. Star Holdings STHO · Too little evidence to rank firmly · 44% evidence 40.9 out of 100 Growth Capital Valuation Relative 26. [Hotel101 Global Holdings Corp.](https://www.sectoralpha.in/us/stocks/hbnb) HBNB · basing · Too little evidence to rank firmly · 39% evidence 40.8 out of 100 Growth Capital Valuation Relative 27. Seritage Growth Properties SRG · Too little evidence to rank firmly · 25% evidence 39.3 out of 100 Growth Capital Valuation Relative Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Real Estate Services](https://www.sectoralpha.in/us/sectors/real-estate-services), all 27 compared on one page. ## Which companies are close to FirstService in size? FirstService is the 6th largest of 24 Real Estate Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Jones Lang LaSalle Incorporated, CoStar Group, Inc. and Compass, Inc. Just below it: Colliers International Group Inc., Cushman & Wakefield and Newmark Group, Inc. ### Real Estate Services companies close in size 1. [Jones Lang LaSalle Incorporated](https://www.sectoralpha.in/us/stocks/jll) $17.1 billion 2. [CoStar Group, Inc.](https://www.sectoralpha.in/us/stocks/csgp) $12.6 billion 3. [Compass, Inc.](https://www.sectoralpha.in/us/stocks/comp) $7.1 billion 4. FirstService Corporation $6.2 billion 5. [Colliers International Group Inc.](https://www.sectoralpha.in/us/stocks/cigi) $5.3 billion 6. [Cushman & Wakefield Limited](https://www.sectoralpha.in/us/stocks/cwk) $3.2 billion 7. [Newmark Group, Inc.](https://www.sectoralpha.in/us/stocks/nmrk) $2.9 billion [All 24 Real Estate Services companies, largest first](https://www.sectoralpha.in/us/sectors/real-estate-services#all-companies) ### Companies close in size in other industries 1. [Plains GP Holdings, L.P.](https://www.sectoralpha.in/us/stocks/pagp) $6.4 billion · Oil & Gas Midstream 2. [Silicon Motion Technology Corporation](https://www.sectoralpha.in/us/stocks/simo) $6.4 billion · Semiconductors 3. FirstService Corporation $6.4 billion 4. [Loar Holdings Inc.](https://www.sectoralpha.in/us/stocks/loar) $6.4 billion · Aerospace & Defense 5. [Macy's, Inc.](https://www.sectoralpha.in/us/stocks/m) $6.4 billion · Department Stores ## What else do people ask about FirstService? ### What were FirstService's latest quarterly results? FirstService Corporation reported revenue of $1.5 B and net profit of $42.9 M for the Sep 2026 quarter. Revenue rose 5.8% and profit fell 24.9% compared with a year earlier. Earnings per share were $0.99. The operating margin was 7.3%, 0.4 percentage points lower than a year earlier (as of 3 November 2026). ### What is FirstService's market cap? FirstService Corporation's market capitalisation is $6.2 B at a stock price of $148.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is FirstService performing? FirstService Corporation's share price has been stalling near its high for 3 weeks. In its latest quarter, revenue rose 5.8% and profit fell 24.9% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 3 weeks running (as of 3 November 2026). ### Will FirstService's stock price go up? This page does not forecast FirstService Corporation's stock price. What it shows instead: the stock price is $148.90, and it has been stalling near its high for 3 weeks. Its P/E of 45.1× is higher than 20% of its own last 5 years (as of 3 November 2026). ### Where is FirstService in its business cycle? FirstService Corporation's FY25 operating margin was 6.4%, against a 5-year range of 6.0% to 6.6%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the FirstService story? The main question: the P/E is near the low end of its own history, higher than only 20% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is FirstService a stock worth studying right now? What the numbers show: FirstService Corporation's P/E is near the low end of its own history, higher than only 20% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.