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Australian (ASX) Aerospace & Defense Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies5
  • 7D8.8%
  • 3M46.3%
  • 1Y171.0%
  • YTD0.3%

The Aerospace & Defense industry is up 8.8% in the last week, with DroneShield up 12%. In the last 12 months, the industry was up 171%. Looking forward, 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
Sun, 08 Mar 2026AU$7.9bAU$2.5bAU$11.0m544.6x723.4x3.2x
Tue, 03 Feb 2026AU$7.7bAU$2.1bAU$21.8m298.8x353.8x3.7x
Thu, 01 Jan 2026AU$7.5bAU$2.1bAU$21.8m266.5x344.3x3.6x
Sat, 29 Nov 2025AU$5.5bAU$2.1bAU$21.8m176x252.2x2.6x
Mon, 27 Oct 2025AU$8.0bAU$2.1bAU$21.8m368.2x369.1x3.8x
Wed, 24 Sep 2025AU$7.9bAU$2.1bAU$21.8m293.5x363.4x3.8x
Fri, 22 Aug 2025AU$6.8bAU$1.9b-AU$3,583,849.0052.1x-1890.6x3.6x
Sun, 20 Jul 2025AU$6.3bAU$1.9b-AU$3,583,849.0024.5x-1750.8x3.3x
Tue, 17 Jun 2025AU$4.8bAU$1.9b-AU$3,583,849.0021.5x-1340.6x2.6x
Thu, 15 May 2025AU$3.6bAU$1.9b-AU$3,583,849.0019x-995.8x1.9x
Sat, 12 Apr 2025AU$3.0bAU$2.0b-AU$4,418,849.0019.4x-679.2x1.5x
Mon, 10 Mar 2025AU$2.7bAU$2.0b-AU$4,418,849.0021.4x-601.3x1.4x
Wed, 05 Feb 2025AU$2.3bAU$2.0bAU$5.4m94.4x414.2x1.1x
Fri, 03 Jan 2025AU$2.1bAU$2.0bAU$5.4m87x389.3x1.1x
Sun, 01 Dec 2024AU$2.1bAU$2.0bAU$5.4m91.1x392.5x1.1x
Tue, 29 Oct 2024AU$2.4bAU$2.0bAU$5.4m112.7x433.3x1.2x
Thu, 26 Sep 2024AU$2.5bAU$2.0bAU$5.4m143.1x453.3x1.3x
Sat, 24 Aug 2024AU$2.3bAU$2.0b-AU$34,022,485.00115.4x-67.3x1.2x
Mon, 22 Jul 2024AU$2.8bAU$2.0b-AU$34,022,485.00160.1x-83.5x1.4x
Wed, 19 Jun 2024AU$2.3bAU$2.0b-AU$34,022,485.00125.8x-68.2x1.2x
Fri, 17 May 2024AU$1.9bAU$2.0b-AU$34,022,485.0071.7x-55.5x1x
Sun, 14 Apr 2024AU$1.8bAU$2.0b-AU$34,022,485.0056.5x-51.9x0.9x
Tue, 12 Mar 2024AU$1.5bAU$2.0b-AU$34,022,485.0042.6x-44.9x0.8x
Thu, 08 Feb 2024AU$1.4bAU$2.0b-AU$70,991,968.00359.4x-19.8x0.7x
Sat, 06 Jan 2024AU$1.4bAU$2.1b-AU$64,938,763.00111x-21.3x0.7x
Mon, 04 Dec 2023AU$1.3bAU$2.1b-AU$64,938,763.0097.9x-20.3x0.6x
Wed, 01 Nov 2023AU$1.2bAU$2.1b-AU$64,938,763.0086.2x-18.9x0.6x
Fri, 29 Sep 2023AU$1.3bAU$2.1b-AU$64,898,803.0083.1x-19.6x0.6x
Sun, 27 Aug 2023AU$1.3bAU$2.0b-AU$24,531,544.0014.8x-54x0.7x
Tue, 25 Jul 2023AU$1.6bAU$2.0b-AU$24,572,179.0014.8x-65.7x0.8x
Thu, 22 Jun 2023AU$1.5bAU$2.0b-AU$24,538,128.0014.8x-59.7x0.7x
Sat, 20 May 2023AU$1.4bAU$2.0b-AU$18,279,793.0014.8x-74x0.7x
Mon, 17 Apr 2023AU$1.2bAU$2.0b-AU$18,205,121.0014.8x-66.5x0.6x
Wed, 15 Mar 2023AU$1.2bAU$1.9bAU$43.1m8.3x28.2x0.6x
Price to Earnings Ratio

28.2x


Total Market Cap: AU$1.2bTotal Earnings: AU$43.1mTotal Revenue: AU$1.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Aerospace & Defense Industry Price to Earnings3Y Average -87.6x202420252026
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 723x which is higher than its 3-year average PE of -88.2x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have declined 37% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

AU Market-3.68%
Industrials-3.04%
Aerospace & Defense8.76%
Aerospace and Defense8.76%
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
DRO DroneShieldAU$4.0712.4%
+AU$419.8m		362.5%PE1066x
EOS Electro Optic Systems HoldingsAU$9.9110.4%
+AU$179.4m		761.7%PS14.9x
ASB AustalAU$5.271.9%
+AU$42.0m		19.8%PE23.3x
OEC OrbitalAU$0.1214.3%
+AU$2.7m		14.3%PS2.6x

Latest News

OEC
AU$0.12
Orbital
7D
14.3%
1Y
14.3%
DRO
AU$4.07
DroneShield
7D
12.4%
1Y
362.5%

DRO: Higher Discount Rate And P/E Repricing Will Support Future Upside

Analysts have trimmed their fair value estimate for DroneShield to A$4.90 from A$5.00 as they factor in a higher discount rate, more moderate revenue growth expectations, and a higher assumed future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from A$5.00 to A$4.90.
EOS
AU$9.91
Electro Optic Systems Holdings
7D
10.4%
1Y
761.7%

EOS: Higher Future P/E Assumptions Will Support Upside Repricing

Analysts have revised their price target on Electro Optic Systems Holdings from A$12.44 to A$12.95, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: A$12.44 to A$12.95, representing a small upward revision in the estimated equity value.
HCL
AU$0.19
HighCom
7D
-2.6%
1Y
2.7%
ASB
AU$5.27
Austal
7D
1.9%
1Y
19.8%