Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (PPIH) is listed on NASDAQ and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in The Woodlands, United States and has 909 employees. The company is worth $228.73M and trades at 14.7x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $210.93M in fiscal 2026, up 33.2% from the year before. Net income was $17.04M. The share price is 24.0% below its 52-week high of $36.72. 2 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $4.2M. In that quarter, 1 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +219.3% over 5Y.
today you would have $3,264.33▲ +226.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $27.91 | $30.36 | $14.95 | $7.94 | $9.45 | $8.68 | $6.09 | $9.38 | $8.75 | $9.00 | $8.10 | $6.54 | $7.01 | $14.35 | $5.67 | $6.92 | |
| P/E | 12.3x | 13.4x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 12.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ASLEAerSale Corp | $4.76 | — | 0.5x | 0.00% | -0.90% | $227.18M |
| EFTYEtoiles Capital Group Co Ltd | $15.02 | 214.6x | 52.2x | — | -4.60% | $226.95M |
| AIRJAirJoule Technologies Corp. | $3.08 | — | 0.9x | 0.00% | -31.57% | $225.91M |
| SMHISEACOR Marine Holdings Inc. | $8.21 |
| 27.1x |
| 11.5x |
| 10.9x |
| 13.1x |
| — |
| 14.5x |
| — |
| — |
| — |
| — |
| — |
| 2.4x |
| — |
| — |
| 10.8x |
| P/S | 0.6x | 1.1x | 1.5x | 0.8x | 0.4x | 0.6x | 0.8x | 0.4x | 0.6x | 0.6x | 0.7x | 0.5x | 0.4x | 0.2x | 0.6x | 0.2x | 0.2x |
| P/B | 1.2x | 2.5x | 3.4x | 1.8x | 1.1x | 1.4x | 1.4x | 0.9x | 1.4x | 1.3x | 1.2x | 0.9x | 0.7x | 0.7x | 1.8x | 0.5x | 0.6x |
| EPS | $2.09 | $1.12 | $1.30 | $0.73 | $0.72 | -$0.94 | $0.42 | -$0.07 | -$1.30 | -$1.67 | -$0.61 | -$0.04 | $2.96 | -$2.67 | -$0.72 | $0.64 |
| Profit margin | 0.93% | 8.08% | 5.67% | 6.95% | 4.17% | 4.38% | -9.02% | 2.80% | -0.43% | -9.48% | -12.62% | -3.59% | -0.14% | 9.27% | -10.95% | -2.12% | 2.00% |
| ROE | 2.67% | 18.79% | 12.45% | 15.93% | 10.29% | 11.13% | -15.50% | 6.43% | -1.06% | -19.49% | -21.00% | -6.39% | -0.25% | 27.73% | -34.07% | -6.85% | 5.59% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+65.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 0.9x |
| 0.00% |
| -6.97% |
| $222.76M |
| PAMTPAMT Corp | $11.24 | — | 1.2x | 0.00% | -18.88% | $235.39M |
| MAGHMagnitude International Ltd | $6.76 | — | 61.1x | — | -83.90% | $236.6M |