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Australian (ASX) Aerospace & Defense Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies5
  • 7D6.5%
  • 3M15.2%
  • 1Y325.1%
  • YTD18.6%

The Aerospace & Defense industry is up 6.5% in the last week, with Austal up 12%. This takes the industry's 12 month performance to a gain of 325%. Looking forward, earnings are forecast to grow by 56% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026AU$9.3bAU$2.1bAU$21.8m352.9x428.2x4.4x
Sun, 14 Dec 2025AU$5.5bAU$2.1bAU$21.8m183.9x254.1x2.6x
Tue, 11 Nov 2025AU$6.9bAU$2.1bAU$21.8m279.1x315.3x3.3x
Thu, 09 Oct 2025AU$11.0bAU$2.1bAU$21.8m529.3x503.8x5.2x
Sat, 06 Sep 2025AU$7.6bAU$2.1bAU$21.8m255.4x348.7x3.6x
Mon, 04 Aug 2025AU$6.5bAU$1.9b-AU$3,583,849.0028.6x-1818.8x3.5x
Wed, 02 Jul 2025AU$5.2bAU$1.9b-AU$3,583,849.0019.4x-1458.2x2.8x
Fri, 30 May 2025AU$3.8bAU$1.9b-AU$3,583,849.0019.2x-1051.7x2x
Sun, 27 Apr 2025AU$3.4bAU$1.9b-AU$3,583,849.0018.8x-953.5x1.8x
Tue, 25 Mar 2025AU$2.8bAU$2.0b-AU$4,418,849.0018.6x-628.9x1.4x
Thu, 20 Feb 2025AU$2.2bAU$2.0bAU$5.4m87.6x397.7x1.1x
Sat, 18 Jan 2025AU$2.1bAU$2.0bAU$5.4m80.6x380.9x1.1x
Mon, 16 Dec 2024AU$1.8bAU$2.0bAU$5.4m73x337.3x0.9x
Wed, 13 Nov 2024AU$2.2bAU$2.0bAU$5.4m93.5x412.4x1.1x
Fri, 11 Oct 2024AU$2.5bAU$2.0bAU$5.4m146x453.5x1.3x
Sun, 08 Sep 2024AU$2.2bAU$2.0bAU$5.4m154.2x409.8x1.1x
Tue, 06 Aug 2024AU$2.0bAU$2.0b-AU$34,022,485.0083.7x-58.4x1x
Thu, 04 Jul 2024AU$2.7bAU$2.0b-AU$34,022,485.00157.7x-79.9x1.4x
Sat, 01 Jun 2024AU$2.0bAU$2.0b-AU$34,022,485.0087.3x-57.7x1x
Mon, 29 Apr 2024AU$1.7bAU$2.0b-AU$34,022,485.0054.8x-50.7x0.9x
Wed, 27 Mar 2024AU$1.6bAU$2.0b-AU$34,022,485.0046.9x-47.4x0.8x
Fri, 23 Feb 2024AU$1.6bAU$2.0b-AU$70,991,968.00438.3x-22.4x0.8x
Sun, 21 Jan 2024AU$1.4bAU$2.1b-AU$57,315,968.00119.9x-24.1x0.7x
Tue, 19 Dec 2023AU$1.3bAU$2.1b-AU$64,938,763.00102.3x-19.7x0.6x
Thu, 16 Nov 2023AU$1.3bAU$2.1b-AU$64,938,763.0096.4x-20.2x0.6x
Sat, 14 Oct 2023AU$1.3bAU$2.1b-AU$64,938,763.0083.1x-19.6x0.6x
Mon, 11 Sep 2023AU$1.3bAU$2.1b-AU$64,898,803.0088.7x-20.2x0.6x
Wed, 09 Aug 2023AU$1.5bAU$2.0b-AU$24,877,440.0014.8x-59.7x0.8x
Fri, 07 Jul 2023AU$1.5bAU$2.0b-AU$24,732,277.0014.8x-62.2x0.8x
Sun, 04 Jun 2023AU$1.4bAU$2.0b-AU$18,335,947.0014.8x-75.5x0.7x
Tue, 02 May 2023AU$1.2bAU$2.0b-AU$18,309,662.0014.8x-64.8x0.6x
Thu, 30 Mar 2023AU$1.2bAU$2.0b-AU$9,298,194.0014.8x-126.8x0.6x
Sat, 25 Feb 2023AU$1.3bAU$1.9b-AU$29,477,467.0013.2x-42.9x0.7x
Mon, 23 Jan 2023AU$1.2bAU$1.9b-AU$21,776,467.0013.6x-57.3x0.7x
Price to Earnings Ratio

-57.3x


Total Market Cap: AU$1.2bTotal Earnings: -AU$21,776,467.00Total Revenue: AU$1.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Aerospace & Defense Industry Price to Earnings3Y Average -107.5x202420252026
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 428x which is higher than its 3-year average PE of -108x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 4.4x.
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 3.6% 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 Market1.60%
Industrials1.14%
Aerospace & Defense6.50%
Aerospace and Defense6.50%
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$4.409.5%
+AU$349.3m		537.7%PE717.1x
ASB AustalAU$8.707.9%
+AU$269.1m		170.2%PE40.8x
EOS Electro Optic Systems HoldingsAU$9.860.6%
+AU$11.6m		735.6%PS16.5x
OEC OrbitalAU$0.138.3%
+AU$1.8m		13.0%PS2.8x

Latest News

HCL
AU$0.26
HighCom
7D
-17.7%
1Y
59.4%

Fewer Investors Than Expected Jumping On HighCom Limited (ASX:HCL)

Jan 14
Fewer Investors Than Expected Jumping On HighCom Limited (ASX:HCL)
EOS
AU$9.86
Electro Optic Systems Holdings
7D
0.6%
1Y
735.6%
ASB
AU$8.70
Austal
7D
7.9%
1Y
170.2%

ASB: AI Digital Twin Roles Will Support Measured Long Term Earnings Outlook

Analysts have modestly adjusted their price targets on Austal, citing refined assumptions around revenue growth, profit margins and future P/E expectations. Collectively, these changes point to a slightly higher fair value estimate for the shares than previously modeled.
DRO
AU$4.40
DroneShield
7D
9.5%
1Y
537.7%

DRO: Index Inclusion Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for DroneShield from A$5.15 to A$4.70, reflecting slightly higher assumed discount rates and a modestly lower future P/E multiple in their models. Valuation Changes Fair Value: reduced from A$5.15 to A$4.70 per share.
OEC
AU$0.13
Orbital
7D
8.3%
1Y
13.0%