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Canadian (TSX) Aerospace and Defense Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies8
  • 7D10.6%
  • 3M-1.5%
  • 1Y43.2%
  • YTDn/a

The Aerospace and Defense industry is up 5.0% in the last week, with Bombardier up 6.2%. During this same period, the Sparc Al underperformed, falling 5.8%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026CA$19.3bCA$7.6bCA$432.9m34.7x44.7x2.6x
Thu, 05 Mar 2026CA$20.0bCA$7.4bCA$492.0m36.1x40.6x2.7x
Sat, 31 Jan 2026CA$20.8bCA$7.3bCA$550.3m32.2x37.9x2.8x
Mon, 29 Dec 2025CA$18.7bCA$7.3bCA$550.4m31.1x34.1x2.6x
Wed, 26 Nov 2025CA$16.1bCA$7.3bCA$550.4m27x29.2x2.2x
Fri, 24 Oct 2025CA$18.4bCA$7.1bCA$533.4m31x34.5x2.6x
Sun, 21 Sep 2025CA$17.7bCA$7.1bCA$533.4m29.9x33.3x2.5x
Tue, 19 Aug 2025CA$18.9bCA$7.1bCA$533.4m29.7x35.5x2.7x
Thu, 17 Jul 2025CA$19.0bCA$6.9bCA$509.2m32x37.3x2.7x
Sat, 14 Jun 2025CA$16.7bCA$6.9bCA$509.2m28.8x32.7x2.4x
Mon, 12 May 2025CA$15.6bCA$6.7b-CA$137,577,364.0027.9x-113.1x2.3x
Wed, 09 Apr 2025CA$13.3bCA$6.6b-CA$155,116,347.0027.2x-85.6x2x
Fri, 07 Mar 2025CA$14.8bCA$6.4b-CA$183,304,965.0035.1x-80.8x2.3x
Sun, 02 Feb 2025CA$15.5bCA$7.0b-CA$238,270,923.0028.5x-65x2.2x
Tue, 31 Dec 2024CA$16.9bCA$7.0b-CA$238,270,923.0028.1x-71x2.4x
Thu, 28 Nov 2024CA$15.4bCA$7.0b-CA$238,116,781.0031.3x-64.8x2.2x
Sat, 26 Oct 2024CA$12.5bCA$6.8b-CA$248,773,895.0035.1x-50.1x1.8x
Mon, 23 Sep 2024CA$11.5bCA$6.8b-CA$249,720,880.0031.3x-46x1.7x
Wed, 21 Aug 2024CA$11.2bCA$6.8b-CA$258,905,570.0030x-43.3x1.6x
Fri, 19 Jul 2024CA$11.6bCA$6.6b-CA$278,245,632.0034.2x-41.8x1.8x
Sun, 16 Jun 2024CA$10.9bCA$6.6b-CA$278,245,632.0031.2x-39.1x1.6x
Tue, 14 May 2024CA$12.1bCA$6.9bCA$294.2m34x41x1.8x
Thu, 11 Apr 2024CA$11.7bCA$6.9bCA$296.3m33.6x39.5x1.7x
Sat, 09 Mar 2024CA$11.6bCA$6.8bCA$262.5m30.8x44.3x1.7x
Mon, 05 Feb 2024CA$11.1bCA$6.7bCA$273.9m30.5x40.4x1.7x
Wed, 03 Jan 2024CA$11.6bCA$6.7bCA$273.9m30.5x42.4x1.7x
Fri, 01 Dec 2023CA$11.1bCA$6.7bCA$271.0m30.6x40.8x1.7x
Sun, 29 Oct 2023CA$11.8bCA$6.5bCA$229.8m30.7x51.4x1.8x
Tue, 26 Sep 2023CA$12.9bCA$6.5bCA$202.9m32.3x63.4x2x
Thu, 24 Aug 2023CA$12.8bCA$6.5bCA$199.8m31.1x64x2x
Sat, 22 Jul 2023CA$11.6bCA$6.3bCA$125.7m37.9x92.2x1.8x
Mon, 19 Jun 2023CA$11.6bCA$6.3bCA$125.7m35.8x92.3x1.8x
Wed, 17 May 2023CA$11.6bCA$6.0bCA$89.0m26.7x130.5x1.9x
Fri, 14 Apr 2023CA$12.3bCA$5.9bCA$65.9m30.2x187.2x2.1x
Price to Earnings Ratio

187.2x


Total Market Cap: CA$12.3bTotal Earnings: CA$65.9mTotal Revenue: CA$5.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace and Defense Industry Price to Earnings3Y Average 17.2x202420252026
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 44.6x which is higher than its 3-year average PE of 17.3x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 87% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 Market3.67%
Industrials3.58%
Aerospace & Defense10.63%
Aerospace and Defense10.63%
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$252.168.7%
+CA$2.0b		231.0%PE19x
MDA MDA SpaceCA$40.4123.1%
+CA$1.1b		69.2%PE51.6x
CAE CAECA$37.275.0%
+CA$566.2m		24.1%PE31.9x
MAL Magellan AerospaceCA$23.9720.6%
+CA$233.5m		110.5%PE34.7x
MAXQ Maritime Launch ServicesCA$0.699.5%
+CA$46.3m		1,871.4%PS34844.2x

Latest News

DPRO
CA$7.19
Draganfly
7D
16.9%
1Y
136.5%
MAL
CA$23.97
Magellan Aerospace
7D
20.6%
1Y
110.5%
MDA
CA$40.41
MDA Space
7D
23.1%
1Y
69.2%

MDA: Defence And Government Contracts Will Support Upside As Gateway Pause Impact Stays Limited

The analyst price target for MDA Space has shifted from CA$41.94 to CA$53.63 as analysts factor in recent target increases across several firms and view the impact of NASA's Gateway pause as limited for the company. Analyst Commentary Recent research on MDA Space centers on updated price targets and the impact of NASA's Gateway pause, with most commentary focusing on how current contracts and future execution could influence the company’s valuation.
MAXQ
CA$0.69
Maritime Launch Services
7D
9.5%
1Y
1,871.4%
CAE
CA$37.27
CAE
7D
5.0%
1Y
24.1%

CAE: Defense Industrial Strategy Will Support Multi Year Simulation And Training Upside

CAE’s updated analyst price target series now reflects a modest fair value increase to CA$47.71, as analysts balance mixed target revisions with views that its global simulation and training footprint, large installed base, and expected multi-year defense and civil aviation opportunities support a slightly higher assumed future P/E multiple. Analyst Commentary Recent research on CAE reflects a mix of optimism about the company’s role in global simulation and training, alongside caution around execution risks and capital allocation.
SPAI
CA$2.69
Sparc Al
7D
12.1%
1Y
703.0%
BBD.B
CA$252.16
Bombardier
7D
8.7%
1Y
231.0%

BBD.B: Elevated P/E And Mixed Ratings Will Test Execution Over Expansion Plan

Analysts have lifted their fair value estimate for Bombardier from CA$193.28 to CA$222.11, echoing recent price target increases at several firms while still balancing more cautious views reflected in recent downgrades. Analyst Commentary Recent research on Bombardier reflects a mixed backdrop, with several price target increases sitting alongside a cluster of downgrades and more cautious opinions.
XTRA
CA$0.45
Xtract One Technologies
7D
1.1%
1Y
12.5%