Stocktoria
Perma-Pipe International Holdings, Inc. PPIH
Perma-Pipe International Holdings, Inc. (PPIH) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2026 revenue was $210.9M at a 8.1% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -1.89 — grey zone (between the usual thresholds). A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.308 |
| Retained earnings / assets | 0.171 |
| EBIT / assets | 0.135 |
| Equity / liabilities | 0.715 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| PPIH | Perma-Pipe International Holdings, Inc. | 5/9 | 4.24 | 13.2 | +33.2% |
| FTEK | FUEL TECH, INC. | 5/9 | 0.41 | — | +6.1% |
| CECO | CECO ENVIRONMENTAL CORP | 5/9 | 2.36 | 107.2 | +3.3% |
| DCI | DONALDSON Co INC | 6/9 | 6.53 | 28 | +2.9% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
| TM | TOYOTA MOTOR CORP/ | 7/9 | 2.55 | — | -1% |
| HMC | HONDA MOTOR CO LTD | 6/9 | 2.79 | — | +19.9% |
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.
FAQ
Is PPIH financially healthy?
Perma-Pipe International Holdings, Inc.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does PPIH pay a dividend?
No, Perma-Pipe International Holdings, Inc. does not currently pay a dividend.
How profitable is PPIH?
In FY2026, Perma-Pipe International Holdings, Inc. had a net margin of 8.1% and a return on equity of 18.8%.
Is PPIH overvalued or undervalued?
Perma-Pipe International Holdings, Inc. trades at about 12.7× trailing earnings — near its 10-year norm (10-year range 5.2×–20.8×, median 12.3×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for PPIH?
The average Wall-Street price target for Perma-Pipe International Holdings, Inc. is $32.00, about 20.3% above the recent price, from 1 analysts.
Is PPIH a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Perma-Pipe International Holdings, Inc.: a Piotroski F-score of 5/9, an Altman Z″ in the safe zone, a P/E of about 13.2×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.