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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies6
  • 7D8.0%
  • 3M9.9%
  • 1Y30.2%
  • YTD8.0%

Over the last 7 days, the Aerospace & Defense industry has risen 8.0%, driven by gains from CAE of 8.3%. Meanwhile, Xtract One Technologies actually underperformed within the industry, shrinking 8.6% in the last week. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026CA$20.1bCA$7.3bCA$550.3m33.9x36.6x2.7x
Tue, 09 Dec 2025CA$16.7bCA$7.3bCA$550.4m28.1x30.3x2.3x
Thu, 06 Nov 2025CA$17.0bCA$7.1bCA$532.3m28.1x31.9x2.4x
Sat, 04 Oct 2025CA$18.6bCA$7.1bCA$533.4m31.1x34.9x2.6x
Mon, 01 Sep 2025CA$18.6bCA$7.1bCA$533.4m28.7x34.9x2.6x
Wed, 30 Jul 2025CA$18.6bCA$6.9bCA$509.2m31.1x36.6x2.7x
Fri, 27 Jun 2025CA$16.9bCA$6.9bCA$509.2m28.9x33.2x2.4x
Sun, 25 May 2025CA$15.5bCA$6.9bCA$509.6m27.2x30.5x2.2x
Tue, 22 Apr 2025CA$14.2bCA$6.6b-CA$155,116,347.0029.3x-91.7x2.2x
Thu, 20 Mar 2025CA$15.2bCA$6.6b-CA$154,582,760.0030.2x-98.5x2.3x
Sat, 15 Feb 2025CA$14.3bCA$6.4b-CA$180,246,923.0036.2x-79.4x2.2x
Mon, 13 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0030.9x-67.7x2.3x
Wed, 11 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0031.9x-66.7x2.3x
Fri, 08 Nov 2024CA$13.2bCA$6.8b-CA$246,602,895.0030.2x-53.7x1.9x
Sun, 06 Oct 2024CA$12.1bCA$6.8b-CA$249,720,880.0031.5x-48.6x1.8x
Tue, 03 Sep 2024CA$11.4bCA$6.8b-CA$257,655,032.0031.5x-44.3x1.7x
Thu, 01 Aug 2024CA$11.4bCA$6.6b-CA$278,245,632.0034.1x-41x1.7x
Sat, 29 Jun 2024CA$11.5bCA$6.6b-CA$278,245,632.0035.2x-41.2x1.7x
Mon, 27 May 2024CA$11.1bCA$6.9bCA$311.5m30.3x35.5x1.6x
Wed, 24 Apr 2024CA$11.4bCA$6.9bCA$296.3m33.2x38.6x1.7x
Fri, 22 Mar 2024CA$11.9bCA$6.9bCA$283.9m32.8x41.8x1.7x
Sun, 18 Feb 2024CA$11.2bCA$6.8bCA$257.8m29.7x43.6x1.6x
Tue, 16 Jan 2024CA$11.6bCA$6.7bCA$273.9m30.2x42.5x1.7x
Thu, 14 Dec 2023CA$11.4bCA$6.7bCA$273.9m31.9x41.7x1.7x
Sat, 11 Nov 2023CA$12.2bCA$6.6bCA$222.9m32.1x54.8x1.9x
Mon, 09 Oct 2023CA$12.8bCA$6.5bCA$202.5m32.4x63x2x
Wed, 06 Sep 2023CA$13.3bCA$6.5bCA$202.6m32.5x65.6x2x
Fri, 04 Aug 2023CA$12.1bCA$6.3bCA$125.4m39.2x96.1x1.9x
Sun, 02 Jul 2023CA$12.0bCA$6.3bCA$125.6m38.2x95.5x1.9x
Tue, 30 May 2023CA$12.0bCA$6.0bCA$81.9m35x146.8x2x
Thu, 27 Apr 2023CA$11.7bCA$5.9bCA$68.5m29.5x171.4x2x
Sat, 25 Mar 2023CA$11.4bCA$5.9bCA$96.6m38.3x117.6x1.9x
Mon, 20 Feb 2023CA$12.4bCA$5.8bCA$104.5m52.3x118.5x2.1x
Wed, 18 Jan 2023CA$11.3bCA$5.6bCA$56.0m35.9x202.5x2x
Price to Earnings Ratio

202.5x


Total Market Cap: CA$11.3bTotal Earnings: CA$56.0mTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 26.4x202420252026
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 36.0x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 114% 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 Market1.91%
Industrials1.52%
Aerospace & Defense7.96%
Aerospace and Defense7.96%
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$45.978.3%
+CA$1.1b		34.2%PE33.9x
BBD.B BombardierCA$246.752.5%
+CA$600.5m		161.8%PE42.3x
MDA MDA SpaceCA$29.526.8%
+CA$238.7m		5.0%PE34x
DPRO DraganflyCA$13.2129.5%
+CA$70.0m		161.1%PS41.3x
MAL Magellan AerospaceCA$20.325.4%
+CA$59.9m		94.4%PE25.9x

Latest News

BBD.B
CA$246.75
Bombardier
7D
2.5%
1Y
161.8%

Investors Will Want Bombardier's (TSE:BBD.B) Growth In ROCE To Persist

Jan 09
Investors Will Want Bombardier's (TSE:BBD.B) Growth In ROCE To Persist
MDA
CA$29.52
MDA Space
7D
6.8%
1Y
5.0%
DPRO
CA$13.21
Draganfly
7D
29.5%
1Y
161.1%
DFSC
CA$2.96
DEFSEC Technologies
7D
15.2%
1Y
-85.3%
CAE
CA$45.97
CAE
7D
8.3%
1Y
34.2%

CAE: Future Training Contracts And Execution Will Support Balanced Long-Term Returns

Our updated analyst price target for CAE reflects a modest upward revision, balancing RBC's slight cut to C$40 with TD Securities' increase to C$46, as analysts weigh steady growth expectations against valuation and execution risks. Analyst Commentary Recent revisions to price targets for CAE highlight a nuanced but generally constructive outlook, with analysts balancing solid long term growth prospects against near term execution and valuation concerns.
MAL
CA$20.32
Magellan Aerospace
7D
5.4%
1Y
94.4%
XTRA
CA$0.64
Xtract One Technologies
7D
-8.6%
1Y
18.5%
SNA
CA$0.005
Star Navigation Systems Group
7D
-50.0%
1Y
0%
MAXQ
CA$0.34
Maritime Launch Services
7D
25.5%
1Y
590.0%