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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies9
  • 7D5.1%
  • 3M7.2%
  • 1Y39.8%
  • YTD15.2%

In the last week, the Aerospace & Defense industry is up 5.1%, with Bombardier up 8.0%. Meanwhile, Volatus Aerospace actually underperformed within the industry, shrinking 8.6% in the last week. This means that the industry has gained 40% over the past year. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026CA$22.4bCA$7.7bCA$407.0m36.3x55x2.9x
Sun, 19 Apr 2026CA$20.9bCA$7.6bCA$432.9m35.6x48.3x2.8x
Tue, 17 Mar 2026CA$19.1bCA$7.5bCA$491.0m32.2x38.8x2.5x
Thu, 12 Feb 2026CA$20.3bCA$7.3bCA$550.3m31.6x36.8x2.8x
Sat, 10 Jan 2026CA$19.8bCA$7.3bCA$550.3m33.9x36x2.7x
Mon, 08 Dec 2025CA$16.7bCA$7.3bCA$550.4m27.9x30.3x2.3x
Wed, 05 Nov 2025CA$17.4bCA$7.1bCA$532.3m28.5x32.7x2.5x
Fri, 03 Oct 2025CA$18.7bCA$7.1bCA$533.4m30.9x35x2.6x
Sun, 31 Aug 2025CA$18.6bCA$7.1bCA$533.4m28.7x34.9x2.6x
Tue, 29 Jul 2025CA$18.9bCA$6.9bCA$509.2m30.9x37x2.7x
Thu, 26 Jun 2025CA$16.8bCA$6.9bCA$509.2m28.6x33x2.4x
Sat, 24 May 2025CA$15.6bCA$6.9bCA$509.6m27.2x30.6x2.2x
Mon, 21 Apr 2025CA$14.2bCA$6.6b-CA$155,116,347.0029.3x-91.7x2.2x
Wed, 19 Mar 2025CA$15.4bCA$6.6b-CA$154,582,760.0030x-99.3x2.3x
Fri, 14 Feb 2025CA$14.3bCA$6.3b-CA$290,446,923.0036.1x-49.2x2.3x
Sun, 12 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0030.9x-67.7x2.3x
Tue, 10 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0032.1x-66.8x2.3x
Thu, 07 Nov 2024CA$13.1bCA$6.8b-CA$246,602,895.0030x-53x1.9x
Sat, 05 Oct 2024CA$12.0bCA$6.8b-CA$249,720,880.0031.5x-47.9x1.8x
Mon, 02 Sep 2024CA$11.4bCA$6.8b-CA$257,655,032.0031.5x-44.1x1.7x
Wed, 31 Jul 2024CA$11.3bCA$6.6b-CA$278,245,632.0033.5x-40.6x1.7x
Fri, 28 Jun 2024CA$11.2bCA$6.6b-CA$278,245,632.0035.2x-40.4x1.7x
Sun, 26 May 2024CA$11.1bCA$6.9bCA$311.5m30.3x35.5x1.6x
Tue, 23 Apr 2024CA$11.2bCA$6.9bCA$296.3m32.6x37.9x1.6x
Thu, 21 Mar 2024CA$11.7bCA$6.9bCA$283.9m33.2x41.4x1.7x
Sat, 17 Feb 2024CA$11.3bCA$6.8bCA$257.8m29.7x43.9x1.7x
Mon, 15 Jan 2024CA$11.5bCA$6.7bCA$273.9m29.9x42.1x1.7x
Wed, 13 Dec 2023CA$11.4bCA$6.7bCA$273.9m31.3x41.7x1.7x
Fri, 10 Nov 2023CA$12.1bCA$6.6bCA$233.1m30.3x52x1.8x
Sun, 08 Oct 2023CA$12.8bCA$6.5bCA$202.5m32.4x63x2x
Tue, 05 Sep 2023CA$13.2bCA$6.5bCA$202.6m32.2x65.3x2x
Thu, 03 Aug 2023CA$12.0bCA$6.3bCA$125.5m39.4x95.8x1.9x
Sat, 01 Jul 2023CA$12.0bCA$6.3bCA$125.6m38.2x95.5x1.9x
Mon, 29 May 2023CA$12.0bCA$6.0bCA$81.9m34.3x146.5x2x
Price to Earnings Ratio

146.5x


Total Market Cap: CA$12.0bTotal Earnings: CA$81.9mTotal Revenue: CA$6.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 12.5x202420252026
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 55.0x which is higher than its 3-year average PE of 12.5x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 71% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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 Market-0.067%
Industrials1.47%
Aerospace & Defense5.09%
Aerospace and Defense5.09%
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$289.738.0%
+CA$2.2b		221.2%PE22.1x
CAE CAECA$37.064.3%
+CA$495.4m		7.3%PE31.7x
MDA MDA SpaceCA$56.625.3%
+CA$392.7m		101.1%PE74.7x
MAL Magellan AerospaceCA$28.6816.7%
+CA$234.6m		76.0%PE36.3x
DPRO DraganflyCA$8.5911.8%
+CA$33.2m		271.9%PS36.9x

Latest News

CAE
CA$37.06
CAE
7D
4.3%
1Y
7.3%
MDA
CA$56.62
MDA Space
7D
5.3%
1Y
101.1%
SPAI
CA$6.36
Sparc AI
7D
8.2%
1Y
2,093.1%
Analysis Article • 23h

3 Breakout AI Defense Stocks Powering the Next Generation of Drone Warfare

The shift to AI-driven drone warfare is moving fast, and many defense stocks with AI exposure are already benefiting. Here are three companies that have been quietly riding the momentum.
MAL
CA$28.68
Magellan Aerospace
7D
16.7%
1Y
76.0%
DPRO
CA$8.59
Draganfly
7D
11.8%
1Y
271.9%
FLT
CA$0.64
Volatus Aerospace
7D
-8.6%
1Y
374.1%
DFSC
CA$5.84
DEFSEC Technologies
7D
-1.4%
1Y
-20.2%
BBD.B
CA$289.73
Bombardier
7D
8.0%
1Y
221.2%
Narrative Update • May 10

BBD.B: Elevated P/E Will Test Execution Against Cautious Rating Shifts

Analysts have lifted their CA$ fair value estimate for Bombardier by about CA$12 to reflect updated assumptions on revenue growth, profit margins and P/E, with several firms recently raising price targets even as one turned more cautious on the stock. Analyst Commentary Recent Street research shows a cluster of higher price targets on Bombardier, with several firms adjusting their valuations by different amounts in CA$ terms.
XTRA
CA$0.48
Xtract One Technologies
7D
-5.4%
1Y
7.2%