MDA Space (TSX:MDA) Construction In Progress: C$385 Mil (As of Mar. 2026)


TSX:MDA MDA Space Ltd TSX:MDA
47 GF Score
Price C$50.48
GF Value C$31.65
Valuation Significantly Overvalued
! 2 Warning Signs
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What is MDA Space Construction In Progress?

MDA Space TSX:MDA -1.37% 47 Construction In Progress is C$385 Mil as of Mar. 2026. GuruFocus rates TSX:MDA with a GF Score™ of 47/100 and a GF Value™ of C$31.65 (Significantly Overvalued). The stock has 2 warning signs investors should review.

MDA Space's quarterly construction in progress increased from Sep. 2025 (C$388 Mil) to Dec. 2025 (C$406 Mil) but then declined from Dec. 2025 (C$406 Mil) to Mar. 2026 (C$385 Mil).

MDA Space's annual construction in progress increased from Dec. 2023 (C$268 Mil) to Dec. 2024 (C$305 Mil) and increased from Dec. 2024 (C$305 Mil) to Dec. 2025 (C$406 Mil).

MDA Space Construction In Progress Historical Data

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The historical data trend for MDA Space's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MDA Space Construction In Progress Chart

MDA Space Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 42.60 156.40 268.00 305.00 405.60

MDA Space Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 328.10 351.70 387.90 405.60 385.30
TSX:MDA
47GF Score
MDA Space Ltd TSX:MDA
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MDA Space Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$385 Mil mean?
MDA Space (TSX:MDA) has a Construction In Progress of C$385 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MDA Space and its competitors.
Is MDA Space's Construction In Progress too high?
MDA Space's current Construction In Progress is C$385 Mil. Overall, MDA Space has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDA Space's Construction In Progress compare to GE and RTX?
MDA Space's Construction In Progress of C$385 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Aerospace & Defense company?
A good Construction In Progress depends on the Aerospace & Defense industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MDA Space and its competitors. MDA Space's current Construction In Progress is C$385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDA Space stock overvalued right now?
Based on GuruFocus' analysis, MDA Space (TSX:MDA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$31.65, compared to a current price of C$50.48 — trading 59.5% above its estimated fair value. The current Construction In Progress is C$385 Mil. MDA Space's overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MDA Space (TSX:MDA), the current Construction In Progress is C$385 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MDA Space (TSX:MDA) Overvalued in 2026?

Based on GuruFocus' analysis, MDA Space stock appears to be overvalued. The current stock price of C$50.48 is trading 59.5% above its estimated GF Value™ of C$31.65. GuruFocus considers MDA Space to be Significantly Overvalued.

Key valuation signals for TSX:MDA:

  • Construction In Progress: C$385 Mil
  • GF Value™: C$31.65 vs. price of C$50.48 (59.5% above fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the TSX:MDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MDA Space Business Description

Other Exchanges MDA:USA
Address 7500 Financial Drive, Brampton, ON, CAN, L6Y 6K7
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
47GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$50.48
Price
C$31.65
GF Value