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Canadian (TSX) Aerospace and Defense Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.2%
  • 3M20.5%
  • 1Y33.7%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 2.2%, driven by MDA Space declining 8.7%. This takes the industry's 12 month performance to a gain of 34%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026CA$19.6bCA$7.3bCA$550.3m32.1x35.6x2.7x
Thu, 08 Jan 2026CA$19.4bCA$7.3bCA$550.3m31.3x35.2x2.6x
Sat, 06 Dec 2025CA$16.9bCA$7.3bCA$550.4m27.9x30.6x2.3x
Mon, 03 Nov 2025CA$17.6bCA$7.1bCA$532.3m30.1x33.1x2.5x
Wed, 01 Oct 2025CA$18.9bCA$7.1bCA$533.4m31.9x35.4x2.7x
Fri, 29 Aug 2025CA$18.8bCA$7.1bCA$533.4m28.8x35.2x2.6x
Sun, 27 Jul 2025CA$18.9bCA$6.9bCA$509.2m31.1x37x2.7x
Tue, 24 Jun 2025CA$16.7bCA$6.9bCA$509.2m28.5x32.8x2.4x
Thu, 22 May 2025CA$15.8bCA$6.9bCA$509.6m27.1x31x2.3x
Sat, 19 Apr 2025CA$14.2bCA$6.6b-CA$155,116,347.0029.3x-91.7x2.2x
Mon, 17 Mar 2025CA$15.3bCA$6.6b-CA$154,582,760.0030.1x-99.1x2.3x
Wed, 12 Feb 2025CA$15.8bCA$7.0b-CA$238,270,923.0028.2x-66.1x2.2x
Fri, 10 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0031x-67.6x2.3x
Sun, 08 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0032.2x-66.8x2.3x
Tue, 05 Nov 2024CA$12.6bCA$6.8b-CA$248,773,895.0033.7x-50.8x1.9x
Thu, 03 Oct 2024CA$12.0bCA$6.8b-CA$249,720,880.0031.2x-47.9x1.8x
Sat, 31 Aug 2024CA$11.4bCA$6.8b-CA$257,655,032.0031.5x-44.1x1.7x
Mon, 29 Jul 2024CA$11.2bCA$6.6b-CA$278,245,632.0034.1x-40.1x1.7x
Wed, 26 Jun 2024CA$11.4bCA$6.6b-CA$278,245,632.0031.2x-40.8x1.7x
Fri, 24 May 2024CA$11.2bCA$6.9bCA$311.5m30.7x35.8x1.6x
Sun, 21 Apr 2024CA$11.2bCA$6.9bCA$296.3m32.6x37.9x1.6x
Tue, 19 Mar 2024CA$11.7bCA$6.9bCA$283.9m32.8x41.1x1.7x
Thu, 15 Feb 2024CA$12.0bCA$6.7bCA$281.1m27.1x42.6x1.8x
Sat, 13 Jan 2024CA$11.5bCA$6.7bCA$273.9m29.9x42.1x1.7x
Mon, 11 Dec 2023CA$11.5bCA$6.7bCA$273.9m31.2x42.1x1.7x
Wed, 08 Nov 2023CA$12.1bCA$6.5bCA$230.0m29.1x52.4x1.8x
Fri, 06 Oct 2023CA$12.9bCA$6.5bCA$202.3m31.7x63.7x2x
Sun, 03 Sep 2023CA$13.2bCA$6.5bCA$202.6m32.2x65.3x2x
Tue, 01 Aug 2023CA$12.1bCA$6.3bCA$125.8m38.6x96.2x1.9x
Thu, 29 Jun 2023CA$11.6bCA$6.3bCA$125.6m37.7x92.3x1.8x
Sat, 27 May 2023CA$12.0bCA$6.0bCA$81.9m34.3x146.5x2x
Mon, 24 Apr 2023CA$12.1bCA$5.9bCA$68.7m30.6x175.7x2x
Wed, 22 Mar 2023CA$11.4bCA$5.8bCA$88.4m48.8x128.8x2x
Fri, 17 Feb 2023CA$12.5bCA$5.8bCA$104.6m52.2x119.2x2.1x
Price to Earnings Ratio

119.2x


Total Market Cap: CA$12.5bTotal Earnings: CA$104.6mTotal Revenue: CA$5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace and Defense Industry Price to Earnings3Y Average 22.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Aerospace and Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.6x which is higher than its 3-year average PE of 22.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 74% per year over the last three years.
  • Revenues for these companies have grown 8.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Aerospace and Defense compare with similar industries?

CA Market2.79%
Industrials0.90%
Aerospace & Defense-2.23%
Aerospace and Defense-2.23%
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$252.134.3%
+CA$1.0b		213.2%PE44.3x
SNA Star Navigation Systems GroupCA$0.01100.0%
+CA$7.4m		100.0%PS217.5x
XTRA Xtract One TechnologiesCA$0.583.6%
+CA$5.2m		17.2%PS10.2x
DFSC DEFSEC TechnologiesCA$2.691.1%
+CA$59.8k		-80.3%PS1.1x

Latest News

BBD.B
CA$252.13
Bombardier
7D
4.3%
1Y
213.2%

BBD.B: Future Returns Will Depend On Execution As Sentiment Turns More Cautious

Analysts have lifted their Bombardier fair value estimate from about $220.07 to $250.11. The updated price target reflects slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, even as recent research includes both higher price targets and several rating downgrades.
XTRA
CA$0.58
Xtract One Technologies
7D
3.6%
1Y
17.2%

Xtract One Technologies Inc.'s (TSE:XTRA) Earnings Haven't Escaped The Attention Of Investors

Feb 06
Xtract One Technologies Inc.'s (TSE:XTRA) Earnings Haven't Escaped The Attention Of Investors
SNA
CA$0.01
Star Navigation Systems Group
7D
100.0%
1Y
100.0%
MDA
CA$35.95
MDA Space
7D
-8.7%
1Y
47.8%

MDA: Defence Contracts And Upgrade Will Drive Future Upside Potential

The analyst fair value estimate for MDA Space has increased from $55.00 to approximately $58.62, with analysts citing recent price target increases and an upgrade as key factors supporting the higher target. Analyst Commentary Recent Street research around MDA Space has tilted in a more optimistic direction, with several bullish analysts revising their price targets higher and one major upgrade helping to support the higher fair value estimate.
DFSC
CA$2.69
DEFSEC Technologies
7D
1.1%
1Y
-80.3%
MAL
CA$20.15
Magellan Aerospace
7D
-0.4%
1Y
111.2%

Do Magellan Aerospace's (TSE:MAL) Earnings Warrant Your Attention?

Jan 31
Do Magellan Aerospace's (TSE:MAL) Earnings Warrant Your Attention?
CAE
CA$43.49
CAE
7D
-1.1%
1Y
26.2%
DPRO
CA$10.37
Draganfly
7D
-3.1%
1Y
116.9%