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The Structural Repricing of Defence Across Global Capital Markets

Why is the current repricing of defence as an asset class described as structural and enduring rather than a cyclical uptick?

The Structural Repricing of Defence Across Global Capital Markets: The global defence sector. Defence-finance analysis; 12-page sourced DFM PDF report.

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Original DFM publication · DFM Analysis report · 2025-11-16

The global defence sector is experiencing a fundamental revaluation across capital markets. In contrast to past cyclical upticks driven by transient conflicts or budget oscillations, today’s repricing of defence as an asset class appears structural and enduring.

Investors and policymakers alike have shed long-held assumptions from the post-Cold War “peace dividend” era, recognizing that heightened security threats are not a short-term anomaly but a new normal.

This analysis answers: Why is the current repricing of defence as an asset class described as structural and enduring rather than a cyclical uptick? How have investors and policymakers shed post-Cold War 'peace dividend' assumptions? Which capital-market dynamics are driving the global revaluation of the defence sector? What are the implications of treating heightened security threats as a 'new normal' for defence valuations?

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Original DFM analysis

The Structural Repricing of Defence Across Global Capital Markets

Type DFM Analysis report
Published 2025-11-16
Access free_public

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What is The Structural Repricing of Defence Across Global Capital Markets?

In contrast to past cyclical upticks driven by transient conflicts or budget oscillations, today’s repricing of defence as an asset class appears structural and enduring.

Who can access The Structural Repricing of Defence Across Global Capital Markets, and who does it apply to?

Investors and policymakers alike have shed long-held assumptions from the post-Cold War “peace dividend” era, recognizing that heightened security threats are not a short-term anomaly but a new normal.

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