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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.4%
  • 3M18.3%
  • 1Y25.1%
  • YTD3.3%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.4%, driven by a pullback from CAE of 3.5%. Meanwhile, Bombardier actually outperformed within the industry, gaining 7.3% in the last week. This takes the industry's 12 month performance to a gain of 25%. 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
Wed, 25 Feb 2026CA$19.2bCA$7.4bCA$492.0m34.1x38.9x2.6x
Fri, 23 Jan 2026CA$21.3bCA$7.3bCA$550.3m34x38.8x2.9x
Sun, 21 Dec 2025CA$18.1bCA$7.3bCA$550.4m29.8x32.9x2.5x
Tue, 18 Nov 2025CA$16.2bCA$7.3bCA$550.4m24.7x29.4x2.2x
Thu, 16 Oct 2025CA$18.7bCA$7.1bCA$533.4m29.8x35x2.6x
Sat, 13 Sep 2025CA$17.0bCA$7.1bCA$533.4m28.3x31.8x2.4x
Mon, 11 Aug 2025CA$19.1bCA$7.1bCA$525.4m31.1x36.4x2.7x
Wed, 09 Jul 2025CA$18.8bCA$6.9bCA$509.2m32.4x37x2.7x
Fri, 06 Jun 2025CA$16.0bCA$6.9bCA$509.6m28.3x31.5x2.3x
Sun, 04 May 2025CA$15.1bCA$6.6b-CA$155,116,347.0028.9x-97.6x2.3x
Tue, 01 Apr 2025CA$15.4bCA$6.6b-CA$155,116,347.0031.5x-99.1x2.3x
Thu, 27 Feb 2025CA$15.1bCA$6.4b-CA$183,304,965.0036.5x-82.5x2.3x
Sat, 25 Jan 2025CA$16.4bCA$7.0b-CA$238,270,923.0029.7x-68.9x2.3x
Mon, 23 Dec 2024CA$16.1bCA$7.0b-CA$238,353,204.0028.2x-67.4x2.3x
Wed, 20 Nov 2024CA$14.9bCA$7.0b-CA$238,116,781.0031.9x-62.5x2.1x
Fri, 18 Oct 2024CA$12.7bCA$6.8b-CA$249,720,880.0036.8x-50.7x1.9x
Sun, 15 Sep 2024CA$11.4bCA$6.8b-CA$249,720,880.0031.2x-45.8x1.7x
Tue, 13 Aug 2024CA$10.7bCA$6.7b-CA$263,103,632.0029.3x-40.9x1.6x
Thu, 11 Jul 2024CA$11.1bCA$6.6b-CA$278,245,632.0032.9x-39.8x1.7x
Sat, 08 Jun 2024CA$11.2bCA$6.6b-CA$282,935,193.0031x-39.5x1.7x
Mon, 06 May 2024CA$12.0bCA$6.9bCA$296.5m34.2x40.5x1.7x
Wed, 03 Apr 2024CA$11.9bCA$6.9bCA$296.3m33.4x40.2x1.7x
Fri, 01 Mar 2024CA$11.0bCA$6.8bCA$262.5m29.3x42x1.6x
Sun, 28 Jan 2024CA$11.1bCA$6.7bCA$273.9m30.5x40.6x1.7x
Tue, 26 Dec 2023CA$11.7bCA$6.7bCA$273.9m30.5x42.7x1.8x
Thu, 23 Nov 2023CA$11.9bCA$6.7bCA$271.0m30.5x43.9x1.8x
Sat, 21 Oct 2023CA$11.9bCA$6.5bCA$230.2m30.9x51.7x1.8x
Mon, 18 Sep 2023CA$13.3bCA$6.5bCA$202.8m32x65.4x2x
Wed, 16 Aug 2023CA$12.7bCA$6.5bCA$198.2m32x64x1.9x
Fri, 14 Jul 2023CA$11.8bCA$6.3bCA$125.9m38.6x93.7x1.9x
Sun, 11 Jun 2023CA$11.4bCA$6.3bCA$125.4m35.6x90.6x1.8x
Tue, 09 May 2023CA$11.7bCA$5.9bCA$80.6m30.4x144.6x2x
Thu, 06 Apr 2023CA$12.0bCA$5.9bCA$65.7m30.5x182.5x2x
Sat, 04 Mar 2023CA$12.4bCA$5.8bCA$104.4m54.1x119.2x2.1x
Price to Earnings Ratio

119.2x


Total Market Cap: CA$12.4bTotal Earnings: CA$104.4mTotal Revenue: CA$5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 20.7x202420252026
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 38.9x which is higher than its 3-year average PE of 20.7x.
  • The 3-year average PS ratio of 2.1x 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 68% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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 Market2.97%
Industrials2.31%
Aerospace & Defense-1.44%
Aerospace and Defense-1.44%
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$272.647.3%
+CA$1.8b		217.3%PE20.8x
MDA MDA SpaceCA$38.393.7%
+CA$174.4m		57.5%PE44.3x
DPRO DraganflyCA$10.660.4%
+CA$930.4k		192.9%PS33.4x

Latest News

MAL
CA$21.75
Magellan Aerospace
7D
-0.2%
1Y
117.5%
BBD.B
CA$272.64
Bombardier
7D
7.3%
1Y
217.3%

BBD.B: Future Returns Will Hinge On Execution As Ratings Turn More Cautious

Analysts have lifted their Bombardier price target by CA$21.75 to CA$271.85, citing a mix of higher projected P/E multiples, along with more measured assumptions for growth, margins and discount rates following recent target revisions and rating changes across the Street. Analyst Commentary Recent Street research on Bombardier reflects a split view, with several firms lifting their price targets while others have shifted to more cautious ratings.
DPRO
CA$10.66
Draganfly
7D
0.4%
1Y
192.9%
MDA
CA$38.39
MDA Space
7D
3.7%
1Y
57.5%
XTRA
CA$0.49
Xtract One Technologies
7D
-2.9%
1Y
3.1%
CAE
CA$39.89
CAE
7D
-3.5%
1Y
11.4%
DFSC
CA$2.50
DEFSEC Technologies
7D
-3.8%
1Y
-84.5%
MAXQ
CA$0.45
Maritime Launch Services
7D
-7.3%
1Y
888.9%