PPIH

Perma-Pipe International Holdings, Inc.

Industrials · $240M market cap

Verdict

Share price

$31.86

close of Oct 3, 2026

Fair value

$24.12

Sticker Price

Payback Price

$9.65

buy price

Overpriced

PPIH is Overpriced: at $31.86 it trades 32% above its fair value of $24.12. Its buy price (Payback Price) is $9.65, 70% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth4.0% a year✗
Equity per share growth-1.5% a year✗
Sales growth-3.0% a year✗
Free cash flow growth-3.1% a year✗
Return on invested capital12.7%✓

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Insider activity

Since Jun 22, 2025: no open-market purchases and 10 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc., along with its subsidiaries, specializes in the engineering, design, manufacturing, and sale of specialized piping and leak detection solutions. Its product portfolio includes jacketed district heating and cooling pipeline systems, facilitating energy distribution from centralized power plants to diverse destinations. The company also provides primary and secondary…

Industrial - Machinery

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works