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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies9
  • 7D7.2%
  • 3M15.1%
  • 1Y15.9%
  • YTD15.5%

Over the last 7 days, the Aerospace & Defense industry has risen 3.3%, driven by gains from Bombardier of 2.5%. Meanwhile, Xtract One Technologies actually underperformed within the industry, shrinking 6.6% in the last week. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026CA$22.8bCA$7.8bCA$345.9m43.2x66x2.9x
Sat, 30 May 2026CA$24.1bCA$7.8bCA$344.2m41.4x69.9x3.1x
Mon, 27 Apr 2026CA$19.6bCA$7.6bCA$432.9m36.1x45.4x2.6x
Wed, 25 Mar 2026CA$19.9bCA$7.5bCA$491.0m30.9x40.6x2.6x
Fri, 20 Feb 2026CA$19.7bCA$7.4bCA$492.0m34.8x40.1x2.7x
Sun, 18 Jan 2026CA$21.6bCA$7.3bCA$550.3m35x39.3x2.9x
Tue, 16 Dec 2025CA$17.8bCA$7.3bCA$550.4m29.6x32.4x2.4x
Thu, 13 Nov 2025CA$16.6bCA$7.2bCA$553.7m27.2x30x2.3x
Sat, 11 Oct 2025CA$18.9bCA$7.1bCA$533.4m29.5x35.5x2.7x
Mon, 08 Sep 2025CA$18.5bCA$7.1bCA$533.4m28.5x34.7x2.6x
Wed, 06 Aug 2025CA$19.4bCA$6.9bCA$509.2m31.4x38.1x2.8x
Fri, 04 Jul 2025CA$18.4bCA$6.9bCA$509.2m32x36.2x2.7x
Sun, 01 Jun 2025CA$15.9bCA$6.9bCA$509.6m27.9x31.2x2.3x
Tue, 29 Apr 2025CA$14.9bCA$6.6b-CA$155,116,347.0031.4x-96.2x2.3x
Thu, 27 Mar 2025CA$16.1bCA$6.6b-CA$154,582,760.0032.5x-104.1x2.4x
Sat, 22 Feb 2025CA$14.9bCA$6.4b-CA$183,304,965.0036.8x-81.1x2.3x
Mon, 20 Jan 2025CA$16.2bCA$7.0b-CA$238,270,923.0029.1x-68.1x2.3x
Wed, 18 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0030.4x-66.8x2.3x
Fri, 15 Nov 2024CA$14.6bCA$6.9b-CA$244,972,895.0031.9x-59.5x2.1x
Sun, 13 Oct 2024CA$12.5bCA$6.8b-CA$249,720,880.0035x-49.9x1.8x
Tue, 10 Sep 2024CA$11.4bCA$6.8b-CA$249,720,880.0030.1x-45.5x1.7x
Thu, 08 Aug 2024CA$10.5bCA$6.7b-CA$264,203,632.0028.4x-39.9x1.6x
Sat, 06 Jul 2024CA$11.4bCA$6.6b-CA$278,245,632.0033.5x-41x1.7x
Mon, 03 Jun 2024CA$11.0bCA$6.7b-CA$288,139,006.0030.4x-38.3x1.7x
Wed, 01 May 2024CA$11.5bCA$6.9bCA$294.0m32.8x39x1.7x
Fri, 29 Mar 2024CA$11.9bCA$6.9bCA$296.3m34.2x40.3x1.7x
Sun, 25 Feb 2024CA$11.3bCA$6.8bCA$257.8m29.9x43.7x1.7x
Tue, 23 Jan 2024CA$11.2bCA$6.7bCA$273.9m30.4x41.1x1.7x
Thu, 21 Dec 2023CA$11.7bCA$6.7bCA$273.9m30.9x42.8x1.8x
Sat, 18 Nov 2023CA$11.7bCA$6.7bCA$271.0m31x43.3x1.8x
Mon, 16 Oct 2023CA$12.6bCA$6.5bCA$202.5m31.2x62.2x1.9x
Wed, 13 Sep 2023CA$13.1bCA$6.5bCA$202.7m32.7x64.7x2x
Fri, 11 Aug 2023CA$12.5bCA$6.5bCA$185.9m32x67.2x1.9x
Sun, 09 Jul 2023CA$11.7bCA$6.3bCA$125.6m39.6x93.3x1.9x
Price to Earnings Ratio

93.3x


Total Market Cap: CA$11.7bTotal Earnings: CA$125.6mTotal Revenue: CA$6.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 11x202420252026
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 64.1x which is higher than its 3-year average PE of 11.0x.
  • 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 & Defense industry have grown 40% 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 Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market0.037%
Industrials0.27%
Aerospace & Defense7.22%
Aerospace and Defense7.22%
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
MDA MDA SpaceCA$58.6014.5%
+CA$1.0b		59.5%PE77.3x
BBD.B BombardierCA$326.542.8%
+CA$863.5m		120.6%PE23.7x
MAL Magellan AerospaceCA$34.1614.4%
+CA$245.4m		80.3%PE43.2x
CAE CAECA$35.511.5%
+CA$170.4m		-12.3%PE36.5x
FLT Volatus AerospaceCA$0.6314.5%
+CA$58.7m		129.1%PS13.6x

Latest News

DPRO
CA$7.76
Draganfly
7D
11.0%
1Y
80.9%
MDA
CA$58.60
MDA Space
7D
14.5%
1Y
59.5%
BBD.B
CA$326.54
Bombardier
7D
2.8%
1Y
120.6%
Narrative Update • Jun 30

BBD.B: Elevated P/E Will Face Test From Execution And Margin Delivery

Analysts have raised their Bombardier fair value estimate from CA$234.52 to CA$240.90, citing a series of higher Street price targets in the CA$330 to CA$350 range and updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on Bombardier has been active, with several firms updating their price targets within a relatively tight range.
CAE
CA$35.51
CAE
7D
1.5%
1Y
-12.3%
FLT
CA$0.63
Volatus Aerospace
7D
14.5%
1Y
129.1%
Narrative Update • Jun 26

FLT: Mirabel Defence Manufacturing Expansion Will Drive Future Upside Potential

Analysts have lifted their CA$ price target on Volatus Aerospace, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that align with the recent bullish initiation from Street research. What’s in the News for Volatus Aerospace Volatus Aerospace has opened a 53,000 square foot manufacturing and systems integration facility at Montreal Mirabel International Airport, creating a domestic production base for autonomous defence and commercial systems.
SPAI
CA$3.00
Sparc AI
7D
22.4%
1Y
1,204.3%
Analysis Article • Jun 23

SPARC AI’s AUKUS Registration Removes a Barrier to US and UK Defence Expansion

SPARC AI’s latest approval could support expansion into larger defence markets. It also removes a practical barrier to collaboration.
SNA
CA$0.015
Star Navigation Systems Group
7D
50.0%
1Y
50.0%
XTRA
CA$0.57
Xtract One Technologies
7D
-6.6%
1Y
65.2%
MAL
CA$34.16
Magellan Aerospace
7D
14.4%
1Y
80.3%