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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies8
  • 7D-4.9%
  • 3M-18.3%
  • 1Y-1.0%
  • YTD2.4%

Over the last 7 days, the Aerospace & Defense industry has dropped 8.9%, driven by declines from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026CA$20.6bCA$8.1bCA$333.4m39.1x61.8x2.6x
Sat, 25 Jul 2026CA$21.4bCA$7.8bCA$345.9m44.4x61.8x2.7x
Mon, 22 Jun 2026CA$22.8bCA$7.8bCA$345.9m41.1x66x2.9x
Wed, 20 May 2026CA$21.4bCA$7.7bCA$407.0m34.4x52.7x2.8x
Fri, 17 Apr 2026CA$21.4bCA$7.6bCA$432.9m35.5x49.5x2.8x
Sun, 15 Mar 2026CA$19.1bCA$7.5bCA$491.0m32.2x38.8x2.5x
Tue, 10 Feb 2026CA$19.6bCA$7.3bCA$550.3m32.1x35.6x2.7x
Thu, 08 Jan 2026CA$19.4bCA$7.3bCA$550.3m31.3x35.2x2.6x
Sat, 06 Dec 2025CA$16.9bCA$7.3bCA$550.4m27.9x30.6x2.3x
Mon, 03 Nov 2025CA$17.6bCA$7.1bCA$532.3m30.1x33.1x2.5x
Wed, 01 Oct 2025CA$18.9bCA$7.1bCA$533.4m31.9x35.4x2.7x
Fri, 29 Aug 2025CA$18.8bCA$7.1bCA$533.4m28.8x35.2x2.6x
Sun, 27 Jul 2025CA$18.9bCA$6.9bCA$509.2m31.1x37x2.7x
Tue, 24 Jun 2025CA$16.7bCA$6.9bCA$509.2m28.5x32.8x2.4x
Thu, 22 May 2025CA$15.8bCA$6.9bCA$509.6m27.1x31x2.3x
Sat, 19 Apr 2025CA$14.2bCA$6.6b-CA$155,116,347.0029.3x-91.7x2.2x
Mon, 17 Mar 2025CA$15.3bCA$6.6b-CA$154,582,760.0030.1x-99.1x2.3x
Wed, 12 Feb 2025CA$15.8bCA$7.0b-CA$238,270,923.0028.2x-66.1x2.2x
Fri, 10 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0031x-67.6x2.3x
Sun, 08 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0032.2x-66.8x2.3x
Tue, 05 Nov 2024CA$12.6bCA$6.8b-CA$248,773,895.0033.7x-50.8x1.9x
Thu, 03 Oct 2024CA$12.0bCA$6.8b-CA$249,720,880.0031.2x-47.9x1.8x
Sat, 31 Aug 2024CA$11.4bCA$6.8b-CA$257,655,032.0031.5x-44.1x1.7x
Mon, 29 Jul 2024CA$11.2bCA$6.6b-CA$278,245,632.0034.1x-40.1x1.7x
Wed, 26 Jun 2024CA$11.4bCA$6.6b-CA$278,245,632.0031.2x-40.8x1.7x
Fri, 24 May 2024CA$11.2bCA$6.9bCA$311.5m30.7x35.8x1.6x
Sun, 21 Apr 2024CA$11.2bCA$6.9bCA$296.3m32.6x37.9x1.6x
Tue, 19 Mar 2024CA$11.7bCA$6.9bCA$283.9m32.8x41.1x1.7x
Thu, 15 Feb 2024CA$12.0bCA$6.7bCA$281.1m27.1x42.6x1.8x
Sat, 13 Jan 2024CA$11.5bCA$6.7bCA$273.9m29.9x42.1x1.7x
Mon, 11 Dec 2023CA$11.5bCA$6.7bCA$273.9m31.2x42.1x1.7x
Wed, 08 Nov 2023CA$12.1bCA$6.5bCA$230.0m29.1x52.4x1.8x
Fri, 06 Oct 2023CA$12.9bCA$6.5bCA$202.3m31.7x63.7x2x
Sun, 03 Sep 2023CA$13.2bCA$6.5bCA$202.6m32.2x65.3x2x
Price to Earnings Ratio

65.3x


Total Market Cap: CA$13.2bTotal Earnings: CA$202.6mTotal Revenue: CA$6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 10x202420252026
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 61.6x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 18% 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 Market0.96%
Industrials-1.12%
Aerospace & Defense-4.89%
Aerospace and Defense-4.89%
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
No data available

Latest News

DPRO
CA$5.96
Draganfly
7D
-3.1%
1Y
-6.3%
BBD.B
CA$320.25
Bombardier
7D
-5.7%
1Y
96.7%
Narrative Update • Aug 25

BBD.B: Elevated P/E Will Depend On Defense Backlog Execution

Bombardier's updated analyst price target reflects a higher fair value estimate of CA$265.81 from CA$253.68. This is supported by analysts who cite Street research raising targets into the CA$320 to CA$406 range, along with adjusted assumptions for revenue growth, profit margin and future P/E.
MDA
CA$41.08
MDA Space
7D
-8.1%
1Y
-9.7%
CAE
CA$35.05
CAE
7D
-2.4%
1Y
-6.0%
FLT
CA$0.51
Volatus Aerospace
7D
-1.9%
1Y
-8.9%
Narrative Update • Aug 20

FLT: Manufacturing Expansion And Defence Partnerships Will Support Future Upside Potential

Analysts have adjusted their price target on Volatus Aerospace to CA$1.00 from CA$1.25, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels within their models. What’s in the News for Volatus Aerospace Volatus Aerospace reported Q2 2026 financial results with a 49.5% quarter over quarter revenue increase, supported by 38% growth in equipment deliveries and 59% growth in services.
MAL
CA$33.60
Magellan Aerospace
7D
-8.4%
1Y
116.1%
SNA
CA$0.015
Star Navigation Systems Group
7D
-25.0%
1Y
50.0%
MAXQ
CA$0.43
Maritime Launch Services
7D
-3.4%
1Y
405.9%