Perma-Pipe International Holdings, Inc. · Industrial & Commercial Fans & Blowers & Air Purifing Equip

PPIH

Low riskNext report: Around Dec 11 (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 24% in the latest quarter vs a year ago
Profitable
Sales up 33% last year

Money moves

No insider buying or selling in the last 30 days
Institutions added 0% to their holdings in the quarter ending June 2026 (55 bought, 47 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$29.23+2.4% that day

Company value: $240M; Share price times all shares
Price vs profit (P/E): 15.4x; You pay about $15 for each $1 of yearly profit
Price vs sales: 1.1x; Company value is 1.1 times a year of sales
Cash vs value: 13%; Cash as a share of company value
Debt vs value: 5%; Debt as a share of company value

From PPIH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jul '26

$59.6M+24% vs a year earlier

Oct '23Tap a barJul '26

Last 12 months: $226.1M, up 25% from the 12 months before. Over 5 years, sales grew about 20% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PPIH. Starting points are the company's recent numbers.

Sales growth+25% a yearRecently: +25% a yearProfit margin7%Last 12 months: 6.9%P/E at the end15xToday: 15.4x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$690M

Profit in 5 years$48M

Price these guesses point to$88.41+202% vs $29.23 todayAbout +25% a year, before dividends

What today's price needs: with a 7% margin and a 15x P/E, sales would have to grow about 0.2% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.20.9%
PassDebt under half of equityNot relying on borrowed money.0.14x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.1%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.3M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.4% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.32.9%

Revenue: $210.9M; +33.2% vs prior year
5-year growth: +20.0%/yr; revenue, per year
Total debt: $12.7M; 0.14x equity
Current ratio: 1.84x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.