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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies6
  • 7D4.2%
  • 3M-10.8%
  • 1Y11.9%
  • YTD5.8%

The Aerospace & Defense industry is up 4.2% in the last week, with Bombardier up 5.1%. This means that the industry has gained 12% over the past year. 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
Sun, 30 Nov 2025CA$16.0bCA$7.3bCA$550.4m26.9x29.1x2.2x
Tue, 28 Oct 2025CA$18.8bCA$7.1bCA$532.3m31x35.3x2.7x
Thu, 25 Sep 2025CA$18.3bCA$7.1bCA$533.4m31x34.2x2.6x
Sat, 23 Aug 2025CA$18.6bCA$7.1bCA$533.4m29.3x34.9x2.6x
Mon, 21 Jul 2025CA$19.4bCA$6.9bCA$509.2m31.6x38x2.8x
Wed, 18 Jun 2025CA$16.6bCA$6.9bCA$509.2m28.8x32.6x2.4x
Fri, 16 May 2025CA$15.0bCA$6.9bCA$507.5m28.3x29.5x2.2x
Sun, 13 Apr 2025CA$13.9bCA$6.6b-CA$155,116,347.0028.7x-89.8x2.1x
Tue, 11 Mar 2025CA$15.5bCA$6.6b-CA$171,704,965.0035.7x-90.5x2.4x
Thu, 06 Feb 2025CA$15.3bCA$7.0b-CA$238,270,923.0028.7x-64x2.2x
Sat, 04 Jan 2025CA$16.4bCA$7.0b-CA$238,270,923.0030.8x-69x2.3x
Mon, 02 Dec 2024CA$15.6bCA$7.0b-CA$238,116,781.0031.8x-65.5x2.2x
Wed, 30 Oct 2024CA$12.7bCA$6.8b-CA$248,773,895.0034.7x-50.9x1.9x
Fri, 27 Sep 2024CA$11.5bCA$6.8b-CA$249,720,880.0030.9x-46.1x1.7x
Sun, 25 Aug 2024CA$11.3bCA$6.8b-CA$258,905,570.0030.6x-43.5x1.7x
Tue, 23 Jul 2024CA$11.4bCA$6.6b-CA$278,245,632.0034.6x-41x1.7x
Thu, 20 Jun 2024CA$11.1bCA$6.6b-CA$278,245,632.0030.4x-39.9x1.7x
Sat, 18 May 2024CA$12.0bCA$6.9bCA$297.1m32.6x40.3x1.7x
Mon, 15 Apr 2024CA$11.6bCA$6.9bCA$296.3m33.3x39.3x1.7x
Wed, 13 Mar 2024CA$11.6bCA$6.9bCA$283.9m33.2x40.7x1.7x
Fri, 09 Feb 2024CA$11.4bCA$6.7bCA$273.9m32.4x41.8x1.7x
Sun, 07 Jan 2024CA$11.7bCA$6.7bCA$273.9m30.4x42.6x1.7x
Tue, 05 Dec 2023CA$11.4bCA$6.7bCA$271.0m30.5x42.2x1.7x
Thu, 02 Nov 2023CA$11.9bCA$6.5bCA$229.8m31.8x52x1.8x
Sat, 30 Sep 2023CA$12.8bCA$6.5bCA$202.7m32.2x63.2x2x
Mon, 28 Aug 2023CA$12.7bCA$6.5bCA$199.7m30.8x63.8x1.9x
Wed, 26 Jul 2023CA$11.9bCA$6.3bCA$125.8m38.3x94.5x1.9x
Fri, 23 Jun 2023CA$11.8bCA$6.3bCA$125.8m36.4x93.7x1.9x
Sun, 21 May 2023CA$12.0bCA$6.0bCA$82.1m34.6x146.2x2x
Tue, 18 Apr 2023CA$12.3bCA$5.9bCA$69.0m30x178.5x2.1x
Thu, 16 Mar 2023CA$11.3bCA$5.8bCA$87.9m47.5x128.1x1.9x
Sat, 11 Feb 2023CA$11.5bCA$5.6bCA$62.2m43.5x185.4x2x
Mon, 09 Jan 2023CA$10.6bCA$5.6bCA$55.9m31.7x190.2x1.9x
Wed, 07 Dec 2022CA$10.9bCA$5.6bCA$59.4m32.3x183.8x1.9x
Price to Earnings Ratio

183.8x


Total Market Cap: CA$10.9bTotal Earnings: CA$59.4mTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 32.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Aerospace & Defense industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 32.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 110% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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 Market3.97%
Industrials2.05%
Aerospace & Defense4.17%
Aerospace and Defense4.17%
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$232.095.1%
+CA$1.1b		139.8%PE39.6x
CAE CAECA$38.233.9%
+CA$466.2m		16.2%PE28.2x
MDA MDA SpaceCA$24.206.4%
+CA$184.4m		-10.1%PE27.9x
DPRO DraganflyCA$10.178.9%
+CA$19.3m		73.5%PS31.8x
XTRA Xtract One TechnologiesCA$0.673.1%
+CA$5.2m		1.5%PS12.6x

Latest News

CAE
CA$38.23
CAE
7D
3.9%
1Y
16.2%

CAE: Sector Momentum And Margin Improvement Will Drive Long-Term Share Gains

Analysts have slightly increased their average price target for CAE, raising it from approximately $43.31 to $43.54. They cite improved revenue growth projections and stronger expected profit margins as the reasons for this adjustment.
BBD.B
CA$232.09
Bombardier
7D
5.1%
1Y
139.8%

BBD.B: Improving Profit Margins And Execution Challenges Will Determine Performance Ahead

Analysts have increased their fair value estimate for Bombardier from C$201.35 to C$217.12. They cited improved revenue growth forecasts and stronger profit margins as key drivers behind the upward revision.
MDA
CA$24.20
MDA Space
7D
6.4%
1Y
-10.1%

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

Analysts have reduced their average price target for MDA Space from approximately C$43 to C$39. They cite moderated growth projections and revised profit margin expectations as key drivers behind the adjustment.
XTRA
CA$0.67
Xtract One Technologies
7D
3.1%
1Y
1.5%
MAL
CA$16.51
Magellan Aerospace
7D
-0.8%
1Y
53.4%
DPRO
CA$10.17
Draganfly
7D
8.9%
1Y
73.5%
DFSC
CA$5.06
DEFSEC Technologies
7D
17.7%
1Y
-78.1%