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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies9
  • 7D-7.8%
  • 3M2.4%
  • 1Y8.8%
  • YTD11.1%

Over the last 7 days, the Aerospace & Defense industry has dropped 7.8%, driven by a pullback from MDA Space of 19%. This takes the industry's 12 month performance to a gain of 8.8%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026CA$22.7bCA$7.8bCA$345.9m42.7x65.6x2.9x
Tue, 09 Jun 2026CA$22.1bCA$7.8bCA$343.0m43.1x64.4x2.8x
Thu, 07 May 2026CA$20.2bCA$7.6bCA$410.8m38.6x49.2x2.7x
Sat, 04 Apr 2026CA$19.3bCA$7.6bCA$432.9m33x44.6x2.5x
Mon, 02 Mar 2026CA$19.9bCA$7.4bCA$492.0m34.6x40.4x2.7x
Wed, 28 Jan 2026CA$20.7bCA$7.3bCA$550.3m34x37.7x2.8x
Fri, 26 Dec 2025CA$18.7bCA$7.3bCA$550.4m31.1x34.1x2.6x
Sun, 23 Nov 2025CA$16.0bCA$7.3bCA$550.4m26.2x29.1x2.2x
Tue, 21 Oct 2025CA$18.4bCA$7.1bCA$533.4m30.5x34.5x2.6x
Thu, 18 Sep 2025CA$17.3bCA$7.1bCA$533.4m28.7x32.4x2.4x
Sat, 16 Aug 2025CA$18.9bCA$7.1bCA$533.4m29.4x35.5x2.7x
Mon, 14 Jul 2025CA$18.6bCA$6.9bCA$509.2m31.2x36.6x2.7x
Wed, 11 Jun 2025CA$16.7bCA$6.9bCA$509.2m29.3x32.7x2.4x
Fri, 09 May 2025CA$15.3bCA$6.6b-CA$155,116,347.0030.6x-98.9x2.3x
Sun, 06 Apr 2025CA$13.5bCA$6.6b-CA$155,116,347.0027.8x-86.9x2x
Tue, 04 Mar 2025CA$14.7bCA$6.4b-CA$183,304,965.0033.9x-80.4x2.3x
Thu, 30 Jan 2025CA$16.2bCA$7.0b-CA$238,270,923.0028.9x-68.2x2.3x
Sat, 28 Dec 2024CA$16.6bCA$7.0b-CA$238,353,204.0028.1x-69.8x2.4x
Mon, 25 Nov 2024CA$15.3bCA$7.0b-CA$238,116,781.0031.7x-64.1x2.2x
Wed, 23 Oct 2024CA$12.9bCA$6.8b-CA$249,720,880.0035x-51.5x1.9x
Fri, 20 Sep 2024CA$11.4bCA$6.8b-CA$249,720,880.0031.2x-45.7x1.7x
Sun, 18 Aug 2024CA$11.2bCA$6.8b-CA$258,905,570.0030.1x-43.1x1.6x
Tue, 16 Jul 2024CA$11.5bCA$6.6b-CA$278,245,632.0033.8x-41.5x1.7x
Thu, 13 Jun 2024CA$11.0bCA$6.6b-CA$278,245,632.0032.7x-39.5x1.7x
Sat, 11 May 2024CA$12.2bCA$6.9bCA$294.2m34.6x41.4x1.8x
Mon, 08 Apr 2024CA$11.7bCA$6.9bCA$296.3m33.4x39.5x1.7x
Wed, 06 Mar 2024CA$11.4bCA$6.8bCA$262.5m29.9x43.4x1.7x
Fri, 02 Feb 2024CA$11.1bCA$6.7bCA$273.9m30.5x40.6x1.7x
Sun, 31 Dec 2023CA$11.7bCA$6.7bCA$273.9m30.7x42.8x1.8x
Tue, 28 Nov 2023CA$11.8bCA$6.7bCA$271.0m31.5x43.6x1.8x
Thu, 26 Oct 2023CA$11.8bCA$6.5bCA$230.0m30.4x51.3x1.8x
Sat, 23 Sep 2023CA$12.9bCA$6.5bCA$202.9m31.9x63.6x2x
Mon, 21 Aug 2023CA$12.9bCA$6.5bCA$199.8m31.2x64.4x2x
Wed, 19 Jul 2023CA$11.8bCA$6.3bCA$125.8m37.7x94.2x1.9x
Price to Earnings Ratio

94.2x


Total Market Cap: CA$11.8bTotal Earnings: CA$125.8mTotal Revenue: CA$6.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 10.8x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 65.6x which is higher than its 3-year average PE of 10.8x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 7.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.049%
Industrials0.79%
Aerospace & Defense-7.84%
Aerospace and Defense-7.84%
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
BBD.B BombardierCA$335.713.3%
+CA$1.1b		111.1%PE24.5x
MAXQ Maritime Launch ServicesCA$0.496.5%
+CA$22.8m		1,137.5%PS391.3x
SNA Star Navigation Systems GroupCA$0.025100.0%
+CA$21.9m		150.0%PS439x
SPAI Sparc AICA$3.160.3%
+CA$274.1k		1,216.7%PB24.8x

Latest News

MDA
CA$48.17
MDA Space
7D
-18.8%
1Y
23.5%
FLT
CA$0.57
Volatus Aerospace
7D
-1.7%
1Y
-9.5%
SNA
CA$0.025
Star Navigation Systems Group
7D
100.0%
1Y
150.0%
CAE
CA$36.31
CAE
7D
-0.7%
1Y
-7.9%
Narrative Update • Jul 10

CAE: Transformation Plan And Buybacks Set Stage For Future Rebound

Analysts have modestly reduced their fair value estimate for CAE to about CA$42.93 from roughly CA$46.86, reflecting updated assumptions for slightly lower profit margins and a higher future P/E multiple following recent price target revisions across the Street. Analyst Commentary Recent Street research on CAE shows investors weighing the company’s transformation plan, short term earnings pressure and where the stock sits relative to peers.
XTRA
CA$0.55
Xtract One Technologies
7D
-5.2%
1Y
52.8%
Narrative Update • Jul 06

XTRA: Healthcare And Education Security Wins Will Drive Future Upside

The analyst price target for Xtract One Technologies has been updated from CA$1.00 to CA$1.20. Analysts cite revised fair value assumptions, a higher discount rate, adjusted revenue growth and profit margin expectations, and a very large future P/E estimate as key drivers behind the change.
DPRO
CA$6.75
Draganfly
7D
-11.5%
1Y
24.5%
MAXQ
CA$0.49
Maritime Launch Services
7D
6.5%
1Y
1,137.5%
BBD.B
CA$335.71
Bombardier
7D
3.3%
1Y
111.1%
Narrative Update • Jun 30

BBD.B: Elevated P/E Will Face Test From Execution And Margin Delivery

Analysts have raised their Bombardier fair value estimate from CA$234.52 to CA$240.90, citing a series of higher Street price targets in the CA$330 to CA$350 range and updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on Bombardier has been active, with several firms updating their price targets within a relatively tight range.
DFSC
CA$2.94
DEFSEC Technologies
7D
-9.5%
1Y
-77.5%
SPAI
CA$3.16
Sparc AI
7D
0.3%
1Y
1,216.7%
Analysis Article • Jun 23

SPARC AI’s AUKUS Registration Removes a Barrier to US and UK Defence Expansion

SPARC AI’s latest approval could support expansion into larger defence markets. It also removes a practical barrier to collaboration.
MAL
CA$33.74
Magellan Aerospace
7D
-0.9%
1Y
88.0%