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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies6
  • 7D-2.9%
  • 3M-14.8%
  • 1Y16.4%
  • YTD2.5%

Over the last 7 days, the Aerospace & Defense industry has dropped 2.9%, driven by a pullback from CAE of 2.9%. On the other hand Bombardier is actually up 10%. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025CA$16.7bCA$7.2bCA$553.7m26x30.1x2.3x
Mon, 13 Oct 2025CA$18.3bCA$7.1bCA$533.4m29.5x34.2x2.6x
Wed, 10 Sep 2025CA$17.0bCA$7.1bCA$533.4m28.1x31.9x2.4x
Fri, 08 Aug 2025CA$19.7bCA$6.9bCA$509.2m31x38.6x2.8x
Sun, 06 Jul 2025CA$18.7bCA$6.9bCA$509.2m31.8x36.7x2.7x
Tue, 03 Jun 2025CA$15.9bCA$6.9bCA$509.6m29.1x31.2x2.3x
Thu, 01 May 2025CA$15.0bCA$6.6b-CA$155,116,347.0031.6x-96.5x2.3x
Sat, 29 Mar 2025CA$15.9bCA$6.6b-CA$155,116,347.0031.1x-102.7x2.4x
Mon, 24 Feb 2025CA$14.9bCA$6.4b-CA$183,304,965.0036.8x-81.1x2.3x
Wed, 22 Jan 2025CA$16.2bCA$7.0b-CA$238,270,923.0029.9x-68.2x2.3x
Fri, 20 Dec 2024CA$15.6bCA$7.0b-CA$238,353,204.0028.2x-65.5x2.2x
Sun, 17 Nov 2024CA$14.6bCA$7.0b-CA$238,116,781.0031.5x-61.5x2.1x
Tue, 15 Oct 2024CA$12.5bCA$6.8b-CA$249,720,880.0035x-49.9x1.8x
Thu, 12 Sep 2024CA$11.3bCA$6.8b-CA$249,720,880.0030.1x-45.4x1.7x
Sat, 10 Aug 2024CA$10.7bCA$6.7b-CA$263,103,632.0029.3x-40.8x1.6x
Mon, 08 Jul 2024CA$11.2bCA$6.6b-CA$278,245,632.0033.5x-40.4x1.7x
Wed, 05 Jun 2024CA$10.9bCA$6.6b-CA$284,089,635.0030.4x-38.4x1.6x
Fri, 03 May 2024CA$11.7bCA$6.9bCA$294.0m33.9x39.8x1.7x
Sun, 31 Mar 2024CA$12.0bCA$6.9bCA$296.3m34.2x40.6x1.7x
Tue, 27 Feb 2024CA$11.1bCA$6.8bCA$257.8m29x42.9x1.6x
Thu, 25 Jan 2024CA$11.4bCA$6.7bCA$273.9m30.6x41.5x1.7x
Sat, 23 Dec 2023CA$11.7bCA$6.7bCA$273.9m30.5x42.7x1.8x
Mon, 20 Nov 2023CA$11.9bCA$6.7bCA$271.0m31x43.9x1.8x
Wed, 18 Oct 2023CA$12.7bCA$6.5bCA$202.5m31.5x62.7x1.9x
Fri, 15 Sep 2023CA$13.4bCA$6.5bCA$202.8m32.3x65.9x2x
Sun, 13 Aug 2023CA$12.8bCA$6.5bCA$204.6m32.1x62.6x2x
Tue, 11 Jul 2023CA$11.6bCA$6.3bCA$125.6m39.9x92.7x1.8x
Thu, 08 Jun 2023CA$11.7bCA$6.3bCA$124.8m34.7x94x1.9x
Sat, 06 May 2023CA$11.6bCA$5.9bCA$80.6m29.4x143.6x2x
Mon, 03 Apr 2023CA$11.9bCA$5.9bCA$65.6m31.6x181.9x2x
Wed, 01 Mar 2023CA$12.3bCA$5.8bCA$104.3m54x117.7x2.1x
Fri, 27 Jan 2023CA$11.6bCA$5.6bCA$56.1m40.2x207.6x2.1x
Sun, 25 Dec 2022CA$10.2bCA$5.6bCA$55.6m29.9x183.9x1.8x
Tue, 22 Nov 2022CA$11.1bCA$5.6bCA$60.3m33.9x184.3x2x
Price to Earnings Ratio

184.3x


Total Market Cap: CA$11.1bTotal Earnings: CA$60.3mTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 34.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Aerospace & Defense industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 30.1x which is lower than its 3-year average PE of 34.5x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 109% per year over the last three years.
  • Revenues for these companies have grown 8.5% 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 Market1.57%
Industrials-0.028%
Aerospace & Defense-2.89%
Aerospace and Defense-2.89%
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$216.7910.4%
+CA$2.0b		138.9%PE36.9x
MAL Magellan AerospaceCA$18.457.8%
+CA$76.5m		72.9%PE27.8x
MAXQ Maritime Launch ServicesCA$0.23-14.8%
CA$38.8m		360.0%PE-34.8x

Latest News

MAL
CA$18.45
Magellan Aerospace
7D
7.8%
1Y
72.9%

Investors Met With Slowing Returns on Capital At Magellan Aerospace (TSE:MAL)

Nov 15
Investors Met With Slowing Returns on Capital At Magellan Aerospace (TSE:MAL)
DPRO
CA$9.61
Draganfly
7D
-19.8%
1Y
172.2%
BBD.B
CA$216.79
Bombardier
7D
10.4%
1Y
138.9%
MAXQ
CA$0.23
Maritime Launch Services
7D
-14.8%
1Y
360.0%
CAE
CA$37.06
CAE
7D
-2.9%
1Y
20.8%

CAE: Revenue Acceleration Will Drive Shares Higher Amid Margin Pressures

Analysts have modestly increased their price target for CAE from approximately $42.67 to $43.31, citing improved revenue growth outlook despite some ongoing margin pressures. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price targets, reflecting growing confidence in CAE's revenue growth outlook and operational execution.
XTRA
CA$0.68
Xtract One Technologies
7D
-6.8%
1Y
-4.2%
MDA
CA$22.26
MDA Space
7D
-4.5%
1Y
-10.9%

MDA: Long-Term Upside Will Be Driven By Mega-Constellation Opportunities

The analyst price target for MDA Space has been reduced by approximately C$0.88 to C$42.69, as analysts cite recalibrated growth forecasts and evolving industry dynamics to support the adjustment. Analyst Commentary Recent Street research on MDA Space reflects a mix of continued optimism for the company's long-term potential and some recalibration based on industry and company-specific developments.
DFSC
CA$4.59
DEFSEC Technologies
7D
-1.7%
1Y
-74.3%