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Australian (ASX) Aerospace & Defense Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies5
  • 7D0.4%
  • 3M-5.3%
  • 1Y154.9%
  • YTD-7.5%

The Aerospace & Defense is pretty flat in the last 7 days, but Electro Optic Systems Holdings has stood out, gaining 6.4%. As for the the longer term, the industry is up 155% over the past 12 months. Earnings are forecast to grow by 60% annually.

Industry Valuation and Performance

Has the Australian Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026AU$7.3bAU$2.5bAU$11.0m525.1x667.8x2.9x
Wed, 04 Mar 2026AU$7.4bAU$2.5bAU$11.0m484.8x672.2x3x
Fri, 30 Jan 2026AU$8.2bAU$2.1bAU$21.8m311.1x374.8x3.9x
Sun, 28 Dec 2025AU$7.7bAU$2.1bAU$21.8m283.8x353.9x3.7x
Tue, 25 Nov 2025AU$5.3bAU$2.1bAU$21.8m157.2x244.1x2.5x
Thu, 23 Oct 2025AU$8.2bAU$2.1bAU$21.8m389.5x376.8x3.9x
Sat, 20 Sep 2025AU$7.3bAU$2.1bAU$21.8m268.2x337x3.5x
Mon, 18 Aug 2025AU$7.7bAU$1.9b-AU$3,583,849.0070.5x-2139x4.1x
Wed, 16 Jul 2025AU$6.5bAU$1.9b-AU$3,583,849.0020.4x-1806x3.4x
Fri, 13 Jun 2025AU$4.6bAU$1.9b-AU$3,583,849.0019x-1278.2x2.4x
Sun, 11 May 2025AU$3.6bAU$1.9b-AU$3,583,849.0018.4x-1013.6x1.9x
Tue, 08 Apr 2025AU$2.8bAU$2.0b-AU$4,418,849.0017.1x-627.3x1.4x
Thu, 06 Mar 2025AU$2.6bAU$2.0b-AU$4,418,849.0020.4x-587.9x1.3x
Sat, 01 Feb 2025AU$2.3bAU$2.0bAU$5.4m93.2x418.9x1.2x
Mon, 30 Dec 2024AU$2.1bAU$2.0bAU$5.4m87.6x387.1x1.1x
Wed, 27 Nov 2024AU$2.1bAU$2.0bAU$5.4m84.1x385x1.1x
Fri, 25 Oct 2024AU$2.3bAU$2.0bAU$5.4m109.8x426.4x1.2x
Sun, 22 Sep 2024AU$2.5bAU$2.0bAU$5.4m151.3x461.5x1.3x
Tue, 20 Aug 2024AU$2.2bAU$2.0b-AU$34,022,485.00109.3x-65.9x1.1x
Thu, 18 Jul 2024AU$2.7bAU$2.0b-AU$34,022,485.00149.5x-79.9x1.4x
Sat, 15 Jun 2024AU$2.2bAU$2.0b-AU$34,022,485.00112.9x-64.5x1.1x
Mon, 13 May 2024AU$1.9bAU$2.0b-AU$34,022,485.0074x-57.2x1x
Wed, 10 Apr 2024AU$1.7bAU$2.0b-AU$34,022,485.0053.2x-50.2x0.9x
Fri, 08 Mar 2024AU$1.5bAU$2.0b-AU$34,022,485.0039.3x-44.8x0.8x
Sun, 04 Feb 2024AU$1.6bAU$2.1b-AU$57,315,968.00176.9x-27.3x0.7x
Tue, 02 Jan 2024AU$1.4bAU$2.1b-AU$64,938,763.00115.4x-21.9x0.7x
Thu, 30 Nov 2023AU$1.3bAU$2.1b-AU$64,938,763.0096.4x-20.2x0.6x
Sat, 28 Oct 2023AU$1.2bAU$2.1b-AU$64,938,763.0086.2x-18.7x0.6x
Mon, 25 Sep 2023AU$1.3bAU$2.1b-AU$64,898,803.0085.9x-19.5x0.6x
Wed, 23 Aug 2023AU$1.4bAU$2.0b-AU$25,723,804.0014.8x-53.9x0.7x
Fri, 21 Jul 2023AU$1.7bAU$2.0b-AU$24,441,950.0014.8x-67.8x0.8x
Sun, 18 Jun 2023AU$1.5bAU$2.0b-AU$24,900,905.0014.8x-60x0.8x
Tue, 16 May 2023AU$1.2bAU$2.0b-AU$18,231,406.0014.8x-65.6x0.6x
Thu, 13 Apr 2023AU$1.2bAU$2.0b-AU$18,277,404.0014.8x-66.7x0.6x
Price to Earnings Ratio

-66.7x


Total Market Cap: AU$1.2bTotal Earnings: -AU$18,277,404.00Total Revenue: AU$2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Aerospace & Defense Industry Price to Earnings3Y Average -68x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 668x which is higher than its 3-year average PE of -68.0x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • Total earnings for the Aerospace & Defense industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market0.63%
Industrials-0.15%
Aerospace & Defense0.40%
Aerospace and Defense0.40%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EOS Electro Optic Systems HoldingsAU$9.006.4%
+AU$104.2m		669.2%PS13.5x
DRO DroneShieldAU$3.931.3%
+AU$46.1m		346.6%PE1030.2x
HCL HighComAU$0.195.6%
+AU$3.1m		2.7%PS0.8x

Latest News

HCL
AU$0.19
HighCom
7D
5.6%
1Y
2.7%
DRO
AU$3.93
DroneShield
7D
1.3%
1Y
346.6%

DRO: Higher Revenue Outlook And Premium P/E Will Support Bullish Case

Analysts have reduced their fair value estimate for DroneShield from A$4.90 to A$4.50, reflecting updated assumptions for growth, profitability and future P/E, as well as a slightly adjusted discount rate. Valuation Changes Fair Value: Reduced from A$4.90 to A$4.50, a small cut to the central valuation estimate.
EOS
AU$9.00
Electro Optic Systems Holdings
7D
6.4%
1Y
669.2%

EOS: Contract Disclosure Reset And Laser Deal Outlook Will Support Repricing

Analysts have kept their A$12.95 price target for Electro Optic Systems Holdings steady, citing small adjustments in the discount rate, revenue growth assumptions, profit margin expectations, and a modestly lower future P/E as reasons for fine tuning rather than a shift in overall view. What's in the News ASX advised Electro Optic Systems Holdings that a December 15, 2025 announcement about a conditional US$80 million high energy laser contract did not adequately describe market sensitive information related to the agreement and its counterparty, Goldrone (Client Announcement).
ASB
AU$4.52
Austal
7D
-6.0%
1Y
6.1%

ASB: Firmer Margins And 2026 EBIT Guidance Will Support Long Term Earnings Power

Analysts have trimmed their Austal price targets to reflect a fair value move from A$8.10 to A$7.56. They point to more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E multiple, even as profit margin estimates are a bit firmer.
OEC
AU$0.15
Orbital
7D
-3.2%
1Y
70.5%