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Australian (ASX) Aerospace and Defense Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies6
  • 7D-4.6%
  • 3M-18.8%
  • 1Y-27.7%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 2.1%, driven by a pullback from DroneShield of 7.4%. Meanwhile, Boresight actually outperformed within the industry, gaining 7.6% in the last week. However, the industry is down 26% over the past year. As for the next few years, earnings are expected to grow by 62% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026AU$5.5bAU$2.5bAU$10.2m247.5x533.4x2.2x
Thu, 23 Jul 2026AU$5.3bAU$2.5bAU$10.2m291.7x513.5x2.1x
Sat, 20 Jun 2026AU$6.8bAU$2.5bAU$10.2m368.9x661.5x2.7x
Mon, 18 May 2026AU$6.5bAU$2.5bAU$11.0m437.6x593.5x2.6x
Wed, 15 Apr 2026AU$7.0bAU$2.5bAU$11.0m457.2x642.4x2.8x
Fri, 13 Mar 2026AU$7.6bAU$2.5bAU$11.0m524.1x694.9x3.1x
Sun, 08 Feb 2026AU$6.3bAU$2.1bAU$21.8m251x287.9x3x
Tue, 06 Jan 2026AU$7.7bAU$2.1bAU$21.8m285.1x352.8x3.7x
Thu, 04 Dec 2025AU$5.4bAU$2.1bAU$21.8m164.5x247x2.6x
Sat, 01 Nov 2025AU$7.5bAU$2.1bAU$21.8m314.6x342.7x3.6x
Mon, 29 Sep 2025AU$8.0bAU$2.1bAU$21.8m307.8x366.4x3.8x
Wed, 27 Aug 2025AU$7.2bAU$1.8b-AU$37,468,849.0046x-191.3x3.9x
Fri, 25 Jul 2025AU$6.2bAU$1.9b-AU$3,583,849.0031.7x-1735.7x3.3x
Sun, 22 Jun 2025AU$4.8bAU$1.9b-AU$3,583,849.0022.5x-1348.9x2.6x
Tue, 20 May 2025AU$3.4bAU$1.9b-AU$3,583,849.0019x-959.3x1.8x
Thu, 17 Apr 2025AU$3.3bAU$2.0b-AU$4,418,849.0019.4x-752.7x1.7x
Sat, 15 Mar 2025AU$2.7bAU$2.0b-AU$4,418,849.0018.3x-608.6x1.4x
Mon, 10 Feb 2025AU$2.3bAU$2.0bAU$5.4m94.9x420.6x1.2x
Wed, 08 Jan 2025AU$2.1bAU$2.0bAU$5.4m88.8x386.7x1.1x
Fri, 06 Dec 2024AU$2.0bAU$2.0bAU$5.4m81.2x372.4x1x
Sun, 03 Nov 2024AU$2.3bAU$2.0bAU$5.4m111x421.2x1.2x
Tue, 01 Oct 2024AU$2.6bAU$2.0bAU$5.4m159.5x471.7x1.3x
Thu, 29 Aug 2024AU$2.3bAU$2.0b-AU$35,891,065.00149.2x-64.4x1.2x
Sat, 27 Jul 2024AU$2.4bAU$2.0b-AU$34,022,485.00114.4x-71.1x1.2x
Mon, 24 Jun 2024AU$2.4bAU$2.0b-AU$34,022,485.00134x-71.5x1.2x
Wed, 22 May 2024AU$1.8bAU$2.0b-AU$34,022,485.0069x-54.1x0.9x
Fri, 19 Apr 2024AU$1.9bAU$2.0b-AU$34,022,485.0074x-55.9x1x
Sun, 17 Mar 2024AU$1.6bAU$2.0b-AU$34,022,485.0044.2x-45.7x0.8x
Tue, 13 Feb 2024AU$1.5bAU$2.0b-AU$70,991,968.00385.7x-21.3x0.8x
Thu, 11 Jan 2024AU$1.4bAU$2.1b-AU$64,938,763.00121.2x-21.7x0.7x
Sat, 09 Dec 2023AU$1.3bAU$2.1b-AU$64,938,763.00100.8x-20.2x0.6x
Mon, 06 Nov 2023AU$1.3bAU$2.1b-AU$64,938,763.0090.6x-19.7x0.6x
Wed, 04 Oct 2023AU$1.3bAU$2.1b-AU$64,938,763.0083.1x-19.8x0.6x
Fri, 01 Sep 2023AU$1.3bAU$2.1b-AU$66,693,803.0014.8x-19.7x0.6x
Price to Earnings Ratio

-19.7x


Total Market Cap: AU$1.3bTotal Earnings: -AU$66,693,803.00Total Revenue: AU$2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Aerospace and Defense Industry Price to Earnings3Y Average 16.8x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Aerospace and Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 539x which is higher than its 3-year average PE of 16.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Aerospace and Defense industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.0% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Australian Aerospace and Defense compare with similar industries?

AU Market0.24%
Industrials-1.66%
Aerospace & Defense-4.63%
Aerospace and Defense-4.63%
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$10.5823.5%
+AU$445.6m		95.9%PS18.3x
DRO DroneShieldAU$1.954.0%
+AU$69.3m		-45.4%PE511.8x
BST BoresightAU$0.4014.3%
+AU$10.5m		n/aPS19.2x
ASB AustalAU$4.250.5%
+AU$8.4m		-39.0%PE18.8x
OEC OrbitalAU$0.1514.8%
+AU$3.6m		-31.1%PS3.3x

Latest News

EOS
AU$10.58
Electro Optic Systems Holdings
7D
23.5%
1Y
95.9%
ASB
AU$4.25
Austal
7D
0.5%
1Y
-39.0%
Narrative Update • Aug 21

ASB: Fair Value Outlook Balances Hanwha Deal Uncertainty And Margin Execution Risks

The analyst price target for Austal has been raised from A$4.10 to A$4.60, with analysts pointing to a higher assessed fair value, improved profit margin assumptions, and a higher future P/E multiple, even though revenue growth expectations have been revised down and a slightly higher discount rate is being applied. Analyst Commentary Recent commentary around Austal highlights that, while the new price target reflects a higher assessed fair value, some parts of the analyst community remain cautious about how the company will execute against its assumptions.
HCL
AU$0.11
HighCom
7D
12.2%
1Y
-72.2%
DRO
AU$1.95
DroneShield
7D
4.0%
1Y
-45.4%
Narrative Update • Aug 21

DRO: Reduced Growth Assumptions Will Still Support Premium Future P/E

Analysts have reduced their A$ price target on DroneShield, reflecting updated assumptions for fair value, a slightly higher discount rate, more moderate revenue growth expectations, softer profit margins and a higher future P/E multiple. What’s in the News for DroneShield No recent DroneShield specific news items have been identified from the provided sources as at 19 Aug 2026.
KTK
AU$0.21
KTEK Aerosystems
7D
-4.5%
1Y
n/a
BST
AU$0.40
Boresight
7D
14.3%
1Y
n/a
OEC
AU$0.15
Orbital
7D
14.8%
1Y
-31.1%