FirstService Corporation
FirstService Corporation is a North American property services company focused on residential property management and essential outsourced property solutions. The company operates through two main businesses: FirstService Residential, which manages private residential communities such as condominiums, cooperatives, homeowner associations, and master-planned communities, and FirstService Brands, which delivers a broad range of property-related services to residential and commercial customers. Its brand portfolio includes services such as restoration, painting, flooring, home inspection, custom closets, and fire protection, supported by both company-owned operations and franchise systems. FirstService Corporation serves clients across the United States and Canada, making it a significant participant in the real estate services market and the broader property services industry. The company is headquartered in Toronto, Canada.
$136.59
-$1.92 (-1.39%)
EOD Oct 21, 2026
Net margin is thin at 3.47%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue grew 5.4% YoY.
At 39x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.
38.7x earnings. Above the financial-sector median (~13x). The market is pricing in above-average returns or growth, any credit deterioration would compress the multiple quickly.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.60B
▲ +5.4% YoY
Net Income (TTM)
$206M
▲ +1.6% YoY
Net Margin
3.68%
P/E
38.7x
Balance Sheet
Total Assets
$4.28B
Equity
$1.86B
Total Debt
$1.38B
Cash & Equiv.
$154M
3Y CAGR: +13.6%
Continue Research
Is FirstService (FSV) overvalued?
At a P/E of 38.7 and a price-to-free-cash-flow of 18.5, FirstService (FSV) trades below a two-stage DCF intrinsic value of about $346.30 per share, so at $136.59 the stock looks undervalued (153.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, FirstService scores 91/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is FirstService's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $346.30 per share for FSV, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $259.73. At today's $136.59, that puts the stock about 153.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is FirstService a high-quality business?+
FirstService scores 91 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 6.2% operating margin and a 7.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does FirstService (FSV) pay a dividend, and how much?+
Yes, FirstService pays a regular dividend of about $1.17 per share per year (typically in quarterly installments), a yield of roughly 0.9% at the current price. That is a payout ratio of about 25.8% of earnings, so the dividend is amply covered by earnings. FirstService has grown the dividend at roughly 11.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FSV's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is FirstService a good stock to buy right now?+
That depends on valuation and quality together, not either alone. FSV currently trades below its estimated intrinsic value and scores 91/100 on quality (high-quality). It also yields about 0.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Real Estate Services
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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