Perma-Pipe International Holdings, Inc. (PPIH)

US — Industrials Sector
Peers: ROCK  NX  JELD  TILE    APOG  AZEK  BECN  JBI  AWI 

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Key Metrics & Ratings

  • symbol PPIH
  • Rev/Share 19.9075
  • Book/Share 10.4456
  • PB 1.5694
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC -0.2662

 

  • MktCap 113591971.0
  • FreeCF/Share 1.2813
  • PFCF 11.143
  • PE 12.6031
  • Debt/Assets 0.0
  • DivYield 0
  • ROE 0.1295

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 1
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

Perma-Pipe: Riding The Infrastructure Wave, Anchored To Oil
PPIH
Published: May 29, 2025 by: Seeking Alpha
Sentiment: Positive

Perma-Pipe reported strong FY2024 results, with Q4 revenue up 12% YoY and gross margins steady at 33.5%, supported by a record-high backlog of $167.5 million. The company's growth is largely driven by Middle Eastern energy infrastructure expansion, making its outlook highly sensitive to oil prices and government-backed project cycles. Valuation appears reasonable at ~$13/share, with moderate multiples (11.6x P/E, 4.9x EV/EBITDA) and normalized net income nearly doubling YoY after adjusting for one-time tax gains.

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image for news Perma-Pipe: Riding The Infrastructure Wave, Anchored To Oil
Perma-Pipe International Holdings, Inc. Announces New Contract Award in Qatar
PPIH
Published: May 27, 2025 by: Business Wire
Sentiment: Neutral

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced that it has received its first project award to be executed in Qatar since the announcement of the intent to mobilize there. The project will be for USD $2.4 million and will utilize Perma-Pipe's fabrication capabilities and the XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Adham Sharkawy, Senior Vice President of Perma-Pipe'.

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image for news Perma-Pipe International Holdings, Inc. Announces New Contract Award in Qatar
Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings
PPIH
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Neutral

PPIH's fiscal 2024 earnings decline year over year due to a prior one-time tax benefit, despite higher sales and margin gains.

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image for news Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings
Perma-Pipe International Holdings, Inc. Announces the Appointment of Jon C. Biro to its Board of Directors
PPIH
Published: February 28, 2025 by: Business Wire
Sentiment: Neutral

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), today announced changes to its Board of Directors, including the appointment to the Board of Mr. Jon C. Biro, effective March 4, 2025. Mr. Biro, age 58, has extensive business leadership, financial, board, and C-Suite executive experience, serving as an Operating Advisor to Snow Peak Capital, LLC since 2022, as well as serving on the board for one of its portfolio companies, Sandy Alexander, Inc., a commerci.

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image for news Perma-Pipe International Holdings, Inc. Announces the Appointment of Jon C. Biro to its Board of Directors

About Perma-Pipe International Holdings, Inc. (PPIH)

  • IPO Date 1989-12-15
  • Website https://www.permapipe.com
  • Industry Construction
  • CEO Mr. Saleh Sagr
  • Employees 750

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. The company also offers liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes like bends, reducers, tees, and other spools/fittings that is used in pipelines for the transportation of oil and gas products and potable water. It has operations in the United States, Canada, the Middle East, Europe, India, and internationally. 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 incorporated in 1993 and is headquartered in Niles, Illinois.