3 models fit Boyd Group Services Inc. Common Shares and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze43
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionBoyd Group Services Inc. Common Shares (BGSI)
Fair value (3 models)
$83.08
ACCE price target
$78.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $98.96 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 15:04 CEST.
Price used: $81.64 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
1.7% below
+1.8% to fair value
ACCE score
45
out of 100
Analysts
93% buy
15 covering
P/E
181.4x
forward 17.9x
Dividend yield
0.53%
Boyd Group Services Inc. Common Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Boyd Group Services operates collision repair centres across Canada and the United States, under banners such as Gerber, Boyd Autobody & Glass and Assured Automotive, and it also runs a glass repair and replacement business. The moat is scale in a fragmented industry: a network of several hundred locations gives it preferred-provider status with insurers, which steers claim volume toward consolidated operators and helps offset rising parts and labour costs. Revenue growth of 29.9% is the headline, but it is largely acquisition-driven, and the 4.3% operating margin against a 46.7% gross margin shows how much of the top line is consumed before profit. The bull case rests on margin recovery as acquired shops are integrated and as collision volumes stay elevated with a larger vehicle parc, though that is an argument to test, not a result yet. A 16.7x forward P/E against a trailing 177.5x says earnings expectations have swung sharply, and an ROE of 0.7% means the balance sheet is not yet earning much for shareholders. Worth a deeper look to see whether operating margin is actually expanding per location, and whether the forward earnings step-up is credible.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings collapse despite revenue growth
Revenue grew 29.9% year over year, but earnings fell 81.4%. Net margin is just 0.3% and operating margin 4.3%, so growth is not reaching the bottom line.
moderate
Score down sharply over 90 days
The ACCE score fell from 52 to 45 over 90 days. Profitability sub-score is 17, the weakest of the four components, which drives the decline.
moderate
Stretched trailing valuation
Trailing P/E is 177.8 against a forward P/E of 16.7, showing that the earnings base has shrunk.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 29.9% year over year in the latest 10-Q, well ahead of its 15.0% five-year average pace.
Free cash flow over the last twelve months reached $276M, and the shares offer a 12.4% free cash flow yield.
Analysts are overwhelmingly positive, with 14 of 15 rating the stock Buy or Strong Buy, and their mean target sits well above the price.
Why it could disappoint
Net margin is only 0.3% and return on equity is 0.7%, so most of the new revenue is not reaching shareholders as profit.
The latest quarter missed expectations, with earnings per share of 0.80 against 0.94 expected, a 14.9% shortfall.
Trailing earnings imply a P/E of 177.8x against a forward P/E of 16.7x, so the valuation rests heavily on forecasts that have not yet arrived.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where BGSI's valuation models land
Price
$81.64
Model fair value
$83.08
Model range
$58.90 to $103
Fair value $83.08
Price $81.64
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
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