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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedOct 21, 2025
DataAggregated Company Financials
Companies6
  • 7D-1.4%
  • 3M-3.1%
  • 1Y54.8%
  • YTD16.9%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.4%, driven by a pullback from MDA Space of 5.1%. In the past year, the industry has gained 55%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 16 Jun 2023CA$11.3bCA$6.3bCA$125.7m35.3x89.9x1.8x
Sun, 14 May 2023CA$11.5bCA$6.0bCA$87.8m24.4x130.9x1.9x
Tue, 11 Apr 2023CA$12.4bCA$5.9bCA$65.6m31.7x189.2x2.1x
Thu, 09 Mar 2023CA$12.2bCA$5.8bCA$104.1m53.4x117.6x2.1x
Sat, 04 Feb 2023CA$12.0bCA$5.6bCA$66.9m48.1x179.2x2.1x
Mon, 02 Jan 2023CA$10.5bCA$5.6bCA$55.7m30.8x187.9x1.9x
Wed, 30 Nov 2022CA$11.1bCA$5.6bCA$60.1m31.8x184.8x2x
Fri, 28 Oct 2022CA$10.1bCA$5.4bCA$52.9m50.4x190.7x1.9x
Price to Earnings Ratio

190.7x


Total Market Cap: CA$10.1bTotal Earnings: CA$52.9mTotal Revenue: CA$5.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 38x202320242025
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 34.5x which is lower than its 3-year average PE of 38.0x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 116% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market-0.47%
Industrials0.65%
Aerospace & Defense-1.38%
Aerospace and Defense-1.38%
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
CAE CAECA$39.391.4%
+CA$176.3m		53.3%PE30.5x
MAXQ Maritime Launch ServicesCA$0.0814.3%
+CA$4.9m		100.0%PE-8x
DFSC DEFSEC TechnologiesCA$6.223.2%
+CA$260.7k		-81.5%PS2.1x

Latest News

MDA
CA$35.04
MDA Space
7D
-5.1%
1Y
60.7%
XTRA
CA$0.68
Xtract One Technologies
7D
-5.6%
1Y
-1.4%
CAE
CA$39.39
CAE
7D
1.4%
1Y
53.3%

Is There An Opportunity With CAE Inc.'s (TSE:CAE) 23% Undervaluation?

Oct 12
Is There An Opportunity With CAE Inc.'s (TSE:CAE) 23% Undervaluation?
BBD.B
CA$193.87
Bombardier
7D
-0.1%
1Y
81.2%

Expanding Global Aftermarket Services Will Secure Long Term Demand

Analysts have increased their price target for Bombardier from approximately C$181 to C$189. They cite updated financial models and revenue growth assumptions following recent quarterly results.
DPRO
CA$11.98
Draganfly
7D
-34.9%
1Y
189.4%
MAL
CA$16.19
Magellan Aerospace
7D
-4.3%
1Y
54.2%
DFSC
CA$6.22
DEFSEC Technologies
7D
3.2%
1Y
-81.5%
MAXQ
CA$0.08
Maritime Launch Services
7D
14.3%
1Y
100.0%