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Canadian (TSX) Aerospace and Defense Industry Analysis

UpdatedAug 21, 2026
DataAggregated Company Financials
Companies9
  • 7D-8.7%
  • 3M-8.1%
  • 1Y1.4%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 7.3%, driven by a pullback from MDA Space of 11%. This takes the industry's 12 month performance to a gain of 6.4%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Aug 2026CA$22.0bCA$8.1bCA$331.1m38.5x66.6x2.7x
Sun, 19 Jul 2026CA$21.0bCA$7.8bCA$345.9m40.9x60.7x2.7x
Tue, 16 Jun 2026CA$21.9bCA$7.8bCA$345.9m40.8x63.2x2.8x
Thu, 14 May 2026CA$21.4bCA$7.7bCA$410.9m31.3x52.1x2.8x
Sat, 11 Apr 2026CA$20.4bCA$7.6bCA$432.9m37x47.2x2.7x
Mon, 09 Mar 2026CA$19.9bCA$7.5bCA$491.0m34.4x40.6x2.6x
Wed, 04 Feb 2026CA$20.5bCA$7.3bCA$550.3m31.2x37.3x2.8x
Fri, 02 Jan 2026CA$18.3bCA$7.3bCA$550.3m30.7x33.2x2.5x
Sun, 30 Nov 2025CA$16.7bCA$7.3bCA$550.4m27.9x30.4x2.3x
Tue, 28 Oct 2025CA$18.8bCA$7.1bCA$532.3m31x35.3x2.7x
Thu, 25 Sep 2025CA$18.3bCA$7.1bCA$533.4m31x34.2x2.6x
Sat, 23 Aug 2025CA$18.6bCA$7.1bCA$533.4m29.3x34.9x2.6x
Mon, 21 Jul 2025CA$19.4bCA$6.9bCA$509.2m31.6x38x2.8x
Wed, 18 Jun 2025CA$16.6bCA$6.9bCA$509.2m28.8x32.6x2.4x
Fri, 16 May 2025CA$15.0bCA$6.9bCA$507.5m28.3x29.5x2.2x
Sun, 13 Apr 2025CA$13.9bCA$6.6b-CA$155,116,347.0028.7x-89.8x2.1x
Tue, 11 Mar 2025CA$15.5bCA$6.6b-CA$171,704,965.0035.7x-90.5x2.4x
Thu, 06 Feb 2025CA$15.3bCA$7.0b-CA$238,270,923.0028.7x-64x2.2x
Sat, 04 Jan 2025CA$16.4bCA$7.0b-CA$238,270,923.0030.8x-69x2.3x
Mon, 02 Dec 2024CA$15.6bCA$7.0b-CA$238,116,781.0031.8x-65.5x2.2x
Wed, 30 Oct 2024CA$12.7bCA$6.8b-CA$248,773,895.0034.7x-50.9x1.9x
Fri, 27 Sep 2024CA$11.5bCA$6.8b-CA$249,720,880.0030.9x-46.1x1.7x
Sun, 25 Aug 2024CA$11.3bCA$6.8b-CA$258,905,570.0030.6x-43.5x1.7x
Tue, 23 Jul 2024CA$11.4bCA$6.6b-CA$278,245,632.0034.6x-41x1.7x
Thu, 20 Jun 2024CA$11.1bCA$6.6b-CA$278,245,632.0030.4x-39.9x1.7x
Sat, 18 May 2024CA$12.0bCA$6.9bCA$297.1m32.6x40.3x1.7x
Mon, 15 Apr 2024CA$11.6bCA$6.9bCA$296.3m33.3x39.3x1.7x
Wed, 13 Mar 2024CA$11.6bCA$6.9bCA$283.9m33.2x40.7x1.7x
Fri, 09 Feb 2024CA$11.4bCA$6.7bCA$273.9m32.4x41.8x1.7x
Sun, 07 Jan 2024CA$11.7bCA$6.7bCA$273.9m30.4x42.6x1.7x
Tue, 05 Dec 2023CA$11.4bCA$6.7bCA$271.0m30.5x42.2x1.7x
Thu, 02 Nov 2023CA$11.9bCA$6.5bCA$229.8m31.8x52x1.8x
Sat, 30 Sep 2023CA$12.8bCA$6.5bCA$202.7m32.2x63.2x2x
Mon, 28 Aug 2023CA$12.7bCA$6.5bCA$199.7m30.8x63.8x1.9x
Price to Earnings Ratio

63.8x


Total Market Cap: CA$12.7bTotal Earnings: CA$199.7mTotal Revenue: CA$6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace and Defense Industry Price to Earnings3Y Average 10x202420252026
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 68.4x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market-1.11%
Industrials-2.15%
Aerospace & Defense-8.66%
Aerospace and Defense-8.66%
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$0.453.5%
+CA$11.5m		423.5%PS51.9x
DFSC DEFSEC TechnologiesCA$2.39-27.6%
CA$2.2m		-50.5%PS1.5x

Latest News

CAE
CA$34.47
CAE
7D
-5.8%
1Y
-7.7%
BBD.B
CA$336.92
Bombardier
7D
-1.7%
1Y
104.6%
FLT
CA$0.50
Volatus Aerospace
7D
-12.3%
1Y
-13.8%
Narrative Update • Aug 20

FLT: Manufacturing Expansion And Defence Partnerships Will Support Future Upside Potential

Analysts have adjusted their price target on Volatus Aerospace to CA$1.00 from CA$1.25, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels within their models. What’s in the News for Volatus Aerospace Volatus Aerospace reported Q2 2026 financial results with a 49.5% quarter over quarter revenue increase, supported by 38% growth in equipment deliveries and 59% growth in services.
XTRA
CA$0.51
Xtract One Technologies
7D
-5.6%
1Y
2.0%
MDA
CA$43.07
MDA Space
7D
-11.2%
1Y
-2.9%
DFSC
CA$2.39
DEFSEC Technologies
7D
-27.6%
1Y
-50.5%
MAL
CA$35.45
Magellan Aerospace
7D
-15.3%
1Y
130.2%
DPRO
CA$5.95
Draganfly
7D
-9.2%
1Y
6.1%
Narrative Update • Aug 11

DPRO: Defense And Campus Security Programs Will Drive Future Upside Potential

Analysts have reduced their fair value estimate for Draganfly from CA$13.00 to CA$8.00, while pointing to updated assumptions on discount rates, revenue growth, profit margins, future P/E expectations and recent Street research that highlights the company’s full-stack drone solutions and integration work in Ukraine. What's in the News for Draganfly Draganfly announced an exclusive partnership with the Small & Rural Law Enforcement Executives Association to create the SRLEEA Drone Implementation & Readiness Program.
SPAI
CA$3.42
Sparc AI
7D
-8.3%
1Y
1,241.2%
MAXQ
CA$0.45
Maritime Launch Services
7D
3.5%
1Y
423.5%