Perma-Pipe International Holdings, Inc. (PPIH)
Industrials · NGM
Price as at 30 Sept 2026, 23:44 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Perma-Pipe International Holdings, Inc. trades at $30.76, which is 51% above the $14.96 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 41 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 14.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PPIH earnings and analyst estimates
Recommendation mix, 1 published rating
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Perma-Pipe International Holdings, Inc.
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. In addition, the company offers cables, leak detection products, heat trace products, and material/goods not bundled with piping or flowline systems. Further, it provides containment systems, custom fabrications, and leak detection, as well as technical support, field service, and logistics services. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was founded in 1909 and is headquartered in The Woodlands, Texas.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
PPIH passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
3 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$4.20M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1.02M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$288.0K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
PPIH peers
The largest companies in the same industry (Building Products & Equipment), then in the same sector.
- CODGF Compagnie de Saint-Gobain S.A.
- LII Lennox International Inc.
- MAIR Madison Air Solutions Corporation
- MAS Masco Corporation
- BLMOY Belimo Holding AG
- WMS Advanced Drainage Systems, Inc.
- OC Owens Corning
- AAON AAON, Inc.
Every industrials company we cover is on the Industrials hub.
Common questions
Is Perma-Pipe International Holdings, Inc. (PPIH) undervalued?
Against our fair value estimate of $14.96, PPIH at $30.76 is 51% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own PPIH?
3 of the institutions we track reported a position in PPIH in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is PPIH's P/E ratio?
PPIH trades at 14.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its PPIH data?
Fundamentals for PPIH come from company filings and exchange data, as listed on NGM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 23:44 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for PPIH, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.