Perma-Pipe International Holdings, Inc. (PPIH) is a Industrials stock trading at $26.93 (as of 2026-08-20), with a market capitalization of $218.78M and a trailing P/E of 15.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Perma-Pipe International Holdings, Inc., through its subsidiaries, engineers, designs, manufactures, and sells specialty piping systems, including leak detection and district heating and cooling piping for transporting energy from central plants, as well as containment piping for chemicals, hazardous fluids, and petroleum products. The company also produces corrosion-protection coatings and related insulation/coating for pipeline infrastructure serving oil, gas, and potable water applications.
Perma-Pipe International Holdings engineers, designs, manufactures, and sells specialty piping and leak detection systems for district energy (heating and cooling) and for chemical, hazardous fluid, and petroleum product containment, and it also provides coating and insulation services for oil and gas gathering and transmission pipelines, generating revenue from these engineered system sales and related services.
The profit engine is converting Remaining Performance Obligations into shipped and installed work, so the size of the remaining backlog can be a leading indicator for future revenue.
Business quality (Mixed): With gross margin of 29.1% and operating margin of 9.2% for the latest reported period, the company appears to generate profits from engineered specialty piping and leak detection systems, while the reported Remaining Performance Obligations (0.14 USD_B) supports the visibility of future work conversion.
Valuation: At 16× earnings, PPIH trades 53% below the Machinery average (34×). Note: one-time items can distort reported P/E.
| Price | $26.93 |
| Market Cap | $218.78M |
| P/E Ratio | 15.7 |
| EV / EBITDA | 6.3 |
| Price / Book | 2.37 |
| Price / Sales | 1.06 |
| FCF Yield | 3.4% |
| DCF Value (model) | $64.67 |
| DCF Upside vs Price | 140.2% |
| Revenue (TTM) | $210.93M |
| Net Margin | 8.1% |
| Revenue Growth (YoY) | 33.2% |
| EPS Growth (YoY) | 87.6% |
| FCF Growth (YoY) | -111.5% |
| Altman Z-Score | 3.06 (safe) |
| Piotroski F-Score | 4/9 (moderate) |
| Stock P/E | 15.7 |
| Sector P/E (Industrials) | 25.9 |
| Industry P/E (Machinery) | 32.3 |
| vs Sector | -39.3% |
| vs Industry | -51.3% |
| Top Institutional Holder | RAYMOND JAMES FINANCIAL INC ($15.16M) |
| Institutional Holders Tracked | 10 |
| Sector | Industrials |
| Industry | Machinery |
| CEO | Saleh Sagr |
| Employees | 750 |
| Country | US |
| IPO Date | 1989-12-15 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.