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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedNov 10, 2025
DataAggregated Company Financials
Companies6
  • 7D-5.8%
  • 3M-13.7%
  • 1Y32.0%
  • YTD5.4%

Over the last 7 days, the Aerospace & Defense industry has dropped 5.8%, driven by MDA Space declining 15%. Meanwhile, Maritime Launch Services actually outperformed within the industry, gaining 80% in the last week. In the past year, the industry has gained 32%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Nov 2025CA$16.6bCA$7.1bCA$532.3m25.8x31.2x2.3x
Wed, 08 Oct 2025CA$18.9bCA$7.1bCA$533.4m30.8x35.5x2.7x
Fri, 05 Sep 2025CA$18.5bCA$7.1bCA$533.4m28.5x34.6x2.6x
Sun, 03 Aug 2025CA$19.4bCA$6.9bCA$509.2m30.9x38.1x2.8x
Tue, 01 Jul 2025CA$17.8bCA$6.9bCA$509.2m31.6x34.9x2.6x
Thu, 29 May 2025CA$15.7bCA$6.9bCA$509.6m27.6x30.9x2.3x
Sat, 26 Apr 2025CA$14.9bCA$6.6b-CA$144,620,546.0030.7x-102.7x2.2x
Mon, 24 Mar 2025CA$15.5bCA$6.6b-CA$154,582,760.0031.7x-100.5x2.4x
Wed, 19 Feb 2025CA$15.8bCA$6.4b-CA$183,304,965.0036.7x-86.1x2.4x
Fri, 17 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0029.2x-67.5x2.3x
Sun, 15 Dec 2024CA$15.8bCA$7.0b-CA$238,353,204.0031.3x-66.4x2.3x
Tue, 12 Nov 2024CA$13.3bCA$6.8b-CA$246,602,895.0031.4x-54.1x2x
Thu, 10 Oct 2024CA$12.1bCA$6.8b-CA$249,720,880.0032.1x-48.5x1.8x
Sat, 07 Sep 2024CA$11.1bCA$6.8b-CA$249,720,880.0030.4x-44.5x1.6x
Mon, 05 Aug 2024CA$10.6bCA$6.6b-CA$278,245,632.0031.5x-38.1x1.6x
Wed, 03 Jul 2024CA$11.3bCA$6.6b-CA$278,245,632.0034.5x-40.5x1.7x
Fri, 31 May 2024CA$10.9bCA$6.7b-CA$288,139,006.0030x-38x1.6x
Sun, 28 Apr 2024CA$11.4bCA$6.9bCA$294.0m33.2x38.8x1.7x
Tue, 26 Mar 2024CA$11.9bCA$6.9bCA$283.9m33.7x41.8x1.7x
Thu, 22 Feb 2024CA$11.4bCA$6.8bCA$257.8m30x44x1.7x
Sat, 20 Jan 2024CA$11.5bCA$6.7bCA$273.9m29.7x42x1.7x
Mon, 18 Dec 2023CA$11.5bCA$6.7bCA$273.9m31.2x42.1x1.7x
Wed, 15 Nov 2023CA$12.3bCA$6.6bCA$222.8m30.3x55.2x1.9x
Fri, 13 Oct 2023CA$13.0bCA$6.5bCA$202.4m32.1x64.3x2x
Sun, 10 Sep 2023CA$13.1bCA$6.5bCA$202.5m32.2x64.8x2x
Tue, 08 Aug 2023CA$12.0bCA$6.3bCA$125.4m38.6x95.6x1.9x
Thu, 06 Jul 2023CA$12.1bCA$6.3bCA$125.6m41x96.5x1.9x
Sat, 03 Jun 2023CA$11.6bCA$6.3bCA$125.6m33x92.1x1.8x
Mon, 01 May 2023CA$11.8bCA$5.9bCA$68.7m30.2x172.2x2x
Wed, 29 Mar 2023CA$11.3bCA$5.9bCA$69.0m31.3x164.4x1.9x
Fri, 24 Feb 2023CA$12.2bCA$5.8bCA$104.4m53.5x117x2.1x
Sun, 22 Jan 2023CA$11.3bCA$5.6bCA$56.0m38.8x201.1x2x
Tue, 20 Dec 2022CA$10.4bCA$5.6bCA$55.5m31.9x187.3x1.8x
Thu, 17 Nov 2022CA$11.1bCA$5.6bCA$61.1m31.7x181.6x2x
Price to Earnings Ratio

181.6x


Total Market Cap: CA$11.1bTotal Earnings: CA$61.1mTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 35.2x202320242025
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 31.2x which is lower than its 3-year average PE of 35.2x.
  • 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 106% per year over the last three years.
  • Revenues for these companies have grown 8.0% 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-0.68%
Industrials-4.11%
Aerospace & Defense-5.82%
Aerospace and Defense-5.82%
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
MAXQ Maritime Launch ServicesCA$0.2731.7%
+CA$32.2m		440.0%PE-27x

Latest News

MAL
CA$17.11
Magellan Aerospace
7D
-0.7%
1Y
61.1%
DPRO
CA$11.99
Draganfly
7D
-11.7%
1Y
270.1%
BBD.B
CA$196.44
Bombardier
7D
-1.6%
1Y
97.7%

BBD.B: Recent Upgrades And Key Developments Will Shape Performance Ahead

Analysts have raised their price target for Bombardier, increasing it by C$30 to C$225. They cited improved valuation and confidence in the company’s outlook.
MDA
CA$23.32
MDA Space
7D
-14.8%
1Y
-10.4%

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.
MAXQ
CA$0.27
Maritime Launch Services
7D
31.7%
1Y
440.0%
CAE
CA$38.15
CAE
7D
-1.8%
1Y
42.4%
XTRA
CA$0.73
Xtract One Technologies
7D
-14.1%
1Y
2.8%
SNA
CA$0.005
Star Navigation Systems Group
7D
-50.0%
1Y
0%
DFSC
CA$4.67
DEFSEC Technologies
7D
-37.1%
1Y
-78.8%