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Perma-Pipe International Holdings, Inc.NasdaqGM:PPIH Stock Report

Market Cap US$253.8m
Share Price
US$31.24
US$39
19.9% undervalued intrinsic discount
1Y139.9%
7D0.1%
1D
Portfolio Value
View

Perma-Pipe International Holdings, Inc.

NasdaqGM:PPIH Stock Report

Market Cap: US$253.8m

Perma-Pipe International Holdings (PPIH) Stock Overview

Designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally. More details

PPIH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends0/6

PPIH Community Fair Values

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Perma-Pipe International Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Perma-Pipe International Holdings
Historical stock prices
Current Share PriceUS$31.24
52 Week HighUS$36.72
52 Week LowUS$12.81
Beta0.58
1 Month Change-2.68%
3 Month Change-7.66%
1 Year Change139.94%
3 Year Change197.52%
5 Year Change368.37%
Change since IPO290.50%

Recent News & Updates

Seeking Alpha Apr 21

Perma-Pipe International: From High Expectations To A More Attractive Entry Point

Summary Perma-Pipe is upgraded to BUY after a post-earnings pullback, with fundamentals improving and risk/reward now attractive. PPIH delivered 33% sales growth in 2025, with Q4 sales up 22% year-over-year and EPS of $0.60, beating expectations. Order backlog remains historically high despite a sequential decline, reflecting strong execution and robust revenue conversion. Strategic expansion into data center cooling and a conservative valuation model support a potential share price doubling over five years. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha Apr 21

Perma-Pipe International: From High Expectations To A More Attractive Entry Point

Summary Perma-Pipe is upgraded to BUY after a post-earnings pullback, with fundamentals improving and risk/reward now attractive. PPIH delivered 33% sales growth in 2025, with Q4 sales up 22% year-over-year and EPS of $0.60, beating expectations. Order backlog remains historically high despite a sequential decline, reflecting strong execution and robust revenue conversion. Strategic expansion into data center cooling and a conservative valuation model support a potential share price doubling over five years. Read the full article on Seeking Alpha
Analysis Article Dec 04

Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) Popularity With Investors Is Clear

With a price-to-earnings (or "P/E") ratio of 23.6x Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) may be...
Analysis Article Nov 15

Perma-Pipe International Holdings' (NASDAQ:PPIH) Returns On Capital Are Heading Higher

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 24

A Piece Of The Puzzle Missing From Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) 26% Share Price Climb

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shares have continued their recent momentum with a 26% gain in...
Analysis Article Aug 23

A Look At The Fair Value Of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Key Insights Perma-Pipe International Holdings' estimated fair value is US$33.97 based on 2 Stage Free Cash Flow to...
Analysis Article Jun 15

The Market Lifts Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Shares 28% But It Can Do More

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shareholders have had their patience rewarded with a 28% share...
Analysis Article Apr 09

Investors Give Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Shares A 34% Hiding

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shareholders that were waiting for something to happen have...
Analysis Article Apr 01

Perma-Pipe International Holdings (NASDAQ:PPIH) Is Looking To Continue Growing Its Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Nov 25

Returns On Capital Are Showing Encouraging Signs At Perma-Pipe International Holdings (NASDAQ:PPIH)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Sep 12

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Stock Catapults 37% Though Its Price And Business Still Lag The Market

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shareholders would be excited to see that the share price has...
Analysis Article Aug 27

Is Perma-Pipe International Holdings (NASDAQ:PPIH) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 17

The Return Trends At Perma-Pipe International Holdings (NASDAQ:PPIH) Look Promising

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Analysis Article May 03

Impressive Earnings May Not Tell The Whole Story For Perma-Pipe International Holdings (NASDAQ:PPIH)

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) just reported some strong earnings, and the market reacted...
Analysis Article Dec 19

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Stock Catapults 25% Though Its Price And Business Still Lag The Market

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shareholders are no doubt pleased to see that the share price...
Analysis Article Oct 07

Here's Why We Think Perma-Pipe International Holdings (NASDAQ:PPIH) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Aug 04

Market Still Lacking Some Conviction On Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 16x, you may...
Analysis Article Jul 10

We Think Perma-Pipe International Holdings (NASDAQ:PPIH) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jan 03

Returns At Perma-Pipe International Holdings (NASDAQ:PPIH) Are On The Way Up

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Seeking Alpha Sep 20

Perma-Pipe unit gets $14M contract for King Salman Park Project in Saudi Arabia

Perma-Pipe International (NASDAQ:PPIH) said Tuesday its Saudi Arabian unit was recently awarded a $14M contract for the King Salman Park Project - Vision 2030. The project will use PPIH's pre-insulated pipes and fittings, and the XTRU-THERM insulation system. The project is expected to be executed in Q4.
Seeking Alpha Sep 07

Perma-Pipe International GAAP EPS of $0.23, revenue of $37M

Perma-Pipe International press release (NASDAQ:PPIH): Q2 GAAP EPS of $0.23. Revenue of $37M (-7.0% Y/Y). “These comparisons need to be considered in the context of the cyclical nature of our business. From a consolidated perspective, lower revenues versus the same quarter of 2021 were largely due to quarter to quarter variances in timing related to project schedules. Our backlog remains strong at $58.0 million compared to $39.3 million at January 31, 2022, much of which is scheduled to be executed in the second half of the year. Hence, we remain positive on our full year revenue outlook. Of note, our Canadian operations continue to benefit from a better than expected resurgence of the local oil and gas market, which we began to witness earlier in the year and expect to continue through the balance of the year and into 2023.” said President and CEO David Mansfield
Analysis Article Jun 16

Perma-Pipe International Holdings' (NASDAQ:PPIH) Earnings Are Weaker Than They Seem

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) announced strong profits, but the stock was stagnant. We did...
Analysis Article Apr 21

Returns On Capital Are Showing Encouraging Signs At Perma-Pipe International Holdings (NASDAQ:PPIH)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Analysis Article Dec 10

Perma-Pipe International Holdings (NASDAQ:PPIH) Might Have The Makings Of A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article Oct 06

We Think Perma-Pipe International Holdings (NASDAQ:PPIH) Has A Fair Chunk Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 20

Here's Why Shareholders May Want To Be Cautious With Increasing Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) CEO Pay Packet

In the past three years, the share price of Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) has struggled to...
Analysis Article May 08

Here's Why Perma-Pipe International Holdings (NASDAQ:PPIH) Can Afford Some Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 16

If You Had Bought Perma-Pipe International Holdings' (NASDAQ:PPIH) Shares Three Years Ago You Would Be Down 24%

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) shareholders should be happy to see the share price up 12% in...
Analysis Article Nov 30

Is Perma-Pipe International Holdings (NASDAQ:PPIH) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

PPIHUS MachineryUS Market
7D0.1%0.2%1.1%
1Y139.9%41.3%28.7%

Return vs Industry: PPIH exceeded the US Machinery industry which returned 41.3% over the past year.

Return vs Market: PPIH exceeded the US Market which returned 28.7% over the past year.

Price Volatility

Is PPIH's price volatile compared to industry and market?
PPIH volatility
PPIH Average Weekly Movement7.2%
Machinery Industry Average Movement6.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stable Share Price: PPIH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PPIH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1909909Saleh Sagrwww.permapipe.com

Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to other locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products. It also provides coating and insulation of oil and gas gathering and transmission pipelines; liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes comprising bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water.

Perma-Pipe International Holdings, Inc. Fundamentals Summary

How do Perma-Pipe International Holdings's earnings and revenue compare to its market cap?
PPIH fundamental statistics
Market capUS$253.77m
Earnings (TTM)US$17.04m
Revenue (TTM)US$210.93m
14.9x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PPIH income statement (TTM)
RevenueUS$210.93m
Cost of RevenueUS$141.44m
Gross ProfitUS$69.49m
Other ExpensesUS$52.45m
EarningsUS$17.04m

Last Reported Earnings

Jan 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.10
Gross Margin32.94%
Net Profit Margin8.08%
Debt/Equity Ratio29.9%

How did PPIH perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 13:57
End of Day Share Price 2026/05/22 00:00
Earnings2026/01/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Perma-Pipe International Holdings, Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sergey GlinyanovFreedom Broker