Perma-Pipe International Holdings, Inc.
PPIHPerma-Pipe International Holdings, Inc. is cheap for a reason. The P/E sits at the 30th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: annual EPS moved +86.6% against a +21.8% price move — the market has not yet caught up with the delivery.
The price is between stages while the P/E sits at the 30th percentile of its own 1-year range. Underneath, the last four quarters read deteriorating — profit −100.0% year on year, and 75% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Perma-Pipe International Holdings, Inc. trades at $25.7, between stages. That is −12.7% against its own 200-day average. It sits at 29% of a 52-week range of $22 to $34. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (13 weeks and counting).
Today the stock is between stages. At $25.7 it trades −12.7% versus its 200-day average and sits at 29% of its 52-week range ($22–$34).
Against the market, two honest reads. Cumulative: over the last 1.1 years the stock moved +8% while the S&P 500 moved +24% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (13 weeks and counting; last ahead the week of 2026-05-08) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
Perma-Pipe International Holdings, Inc. trades at 15.1× P/E, near the bottom of its own range — cheaper only 30% of the time. Its long-run median P/E is 16.3×, measured across 1.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 15.1× is near the bottom of its own range — cheaper only 30% of the time, against a long-run median of 16.3× measured over 1.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +86.6% against a +21.8% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Perma-Pipe International Holdings, Inc. reads as improving on its fundamental arc. Improving — EPS growth bottomed 4 quarters ago at −14.9% and has held its recovery at +9.8%, ROCE slipping at 14.3%. The read is built from 12 quarters across 3 curves, on partial evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +31.3% | +14.5% | — | — |
| Profit | +100.0% | +26.0% | — | — |
| EPS | +86.6% | +42.0% | — | — |
| Stock price | +21.8% | — | — | — |
4-Factor Sector Score
39.8/100 — rank 21 of 29 in Building Products & Equipment · 79% evidence confidence
Perma-Pipe International Holdings, Inc. scores 39.8 out of 100 against the 29 companies it is compared with in Building Products & Equipment, ranking 21. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 15.6 + 10.7 + 8.8 + 4.7 = 39.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Perma-Pipe International Holdings, Inc. reported $0.1 B of revenue in the Apr 26 quarter, +0.0% year on year. Over 4 years it has compounded at 10.7% a year. The last full year, FY26, came in at $0.2 B. The last four reported quarters add to $0.2 B.
FY26 revenue came in at $0.2 B (+31.3% on the year), capping 4 years at 10.7% compound. The latest quarter (Apr 26) printed $0.1 B, +0.0% year on year.
Pace check: the last four quarters averaged +31.3% growth against the decade's 10.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +29.4% over the last 4 quarters against +17.3%/yr over the last 8 — accelerating; TTM profit +100.0% vs +41.4%/yr — accelerating.
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Perma-Pipe International Holdings, Inc.'s operating margin is 0.0% in the Apr 26 quarter, −20.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged 6.7% to 14.3%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 0.0%, −20.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 6.7%–14.3%, and FY26's 14.3% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −20.0 pp year on year while gross margin went −20.0 pp — the loss came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Perma-Pipe International Holdings, Inc. earned $0.0 B of net profit in the Apr 26 quarter, −100.0% year on year. Full-year FY26 profit was $0.0 B. The 4-year compound rate is 18.9%. That is 0.0% of the quarter's revenue. The same quarter a year earlier earned $0.0 B.
Apr 26 profit was $0.0 B, −100.0% year on year. On the full year, FY26 printed $0.0 B (+100.0%), and the 4-year compound rate is 18.9%.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 75% of Perma-Pipe International Holdings, Inc.'s reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was $0.0 B of operating cash against $0.0 B of profit. After $0.0 B of capital spending, $0.0 B was left as free cash.
FY26: operating cash of $0.0 B against reported profit of $0.0 B, leaving free cash of $0.0 B after $0.0 B of capital spending. Across the last 3 fiscal years the conversion rate is 75% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Perma-Pipe International Holdings, Inc. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $0.0 B over the last 3 years. Averaged over those years that is 0.0% of FY26 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $0.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
Perma-Pipe International Holdings, Inc. earns a ROE of 18% in FY26. That is up from a trough of 13% in FY25. Return on invested capital clears the cost of that capital by +7.5 percentage points, so growth here adds value rather than only size. The wiring behind it is 9.5% net margin on 0.95× asset turns.
FY26 ROE is 18%, recovered from a FY25 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 9.5% net margin × 0.95× asset turns × 2.00× balance-sheet leverage ≈ 18.1% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 14.0% − 6.5% = a +7.5 pp spread. The 6.5% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. A spread this wide means every dollar reinvested creates more than a dollar of value — the engine compounds.
Dividend
Perma-Pipe International Holdings, Inc. pays no dividend. Across the last 12 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.
Perma-Pipe International Holdings, Inc. does not currently pay a dividend. Across the last 12 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Perma-Pipe International Holdings, Inc. carries total debt of $0.1 B against shareholder equity of $0.1 B as of Apr 26, a debt-to-equity of 0.55. On the annual view that ratio went from 0.60 in FY22 to 0.45 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Apr 26: total debt of $0.1 B against shareholder equity of $0.1 B — a debt-to-equity of 0.55. On the annual view, debt-to-equity went from 0.60 (FY22) to 0.45 (FY26). Read the returns on this page with that leverage in mind.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
4.3% of Perma-Pipe International Holdings, Inc.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 2.2 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
The latest reading: 4.3% of the float is sold short, and at typical trading volumes it would take about 2.2 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.
Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Perma-Pipe International Holdings, Inc.: the Z-score reads 3.18. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 3.18 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 3.18.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Masco CorporationMAS | 64.4/100Thin evidence · provisional58% evidence | FADING | 21.6/35 Revenue — · PAT — · OPM change 0.6 pp 45% evidence | 17.8/25 ROCE 12.6% · OPM 16.5% 76% evidence | 11.0/20 P/E 18.7× · PEG — 15% evidence | 14.0/20 RS sector 5.3% · RS bench -0.2% · 1Y 11.2%6 of 12 weeks ahead 100% evidence |
| Exact sum: 21.6 + 17.8 + 11 + 14 = 64.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2Carlisle Companies IncorporatedCSL | 61.8/100Thin evidence · provisional58% evidence | TURNING | 20.1/35 Revenue — · PAT — · OPM change 0.3 pp 45% evidence | 15.6/25 ROCE 6.9% · OPM 17.1% 76% evidence | 10.6/20 P/E 20.8× · PEG — 15% evidence | 15.5/20 RS sector 4.5% · RS bench -0.9% · 1Y 5.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 15.6 + 10.6 + 15.5 = 61.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 3Apogee Enterprises, Inc.APOG | 59.1/100Mixed-positive evidence71% evidence | TURNING | 20.8/35 Revenue 1.8% · PAT 37.3% · OPM change 3.5 pp 71% evidence | 9.3/25 ROCE 2.1% · OPM 5.5% 76% evidence | 15.8/20 P/E 12× · PEG 0.33 65% evidence | 13.2/20 RS sector 4% · RS bench -1.6% · 1Y 2.4%7 of 12 weeks ahead 70% evidence |
| Exact sum: 20.8 + 9.3 + 15.8 + 13.2 = 59.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Trex Company, Inc.TREX | 57.8/100Mixed-positive evidence81% evidence | BREAKING OUT | 18.0/35 Revenue 5.3% · PAT -3.5% · OPM change 0.3 pp 83% evidence | 16.4/25 ROCE 7.6% · OPM 24.3% 76% evidence | 9.2/20 P/E 20.3× · PEG 1.98 65% evidence | 14.2/20 RS sector 2.5% · RS bench -3.8% · 1Y -21.3%7 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 16.4 + 9.2 + 14.2 = 57.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Johnson Controls International plcJCI | 57.1/100Thin evidence · provisional58% evidence | TURNING | 18.0/35 Revenue — · PAT — · OPM change -2.1 pp 45% evidence | 13.4/25 ROCE 3.4% · OPM 60.6% 76% evidence | 10.3/20 P/E 25.4× · PEG — 15% evidence | 15.4/20 RS sector 13.9% · RS bench 8.9% · 1Y 45.5%1 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 13.4 + 10.3 + 15.4 = 57.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Arlo Technologies, Inc.ARLO | 54.6/100Thin evidence · provisional58% evidence | BASING | 23.2/35 Revenue 10.7% · PAT — · OPM change 6.2 pp 62% evidence | 9.4/25 ROCE 5% · OPM 5% 76% evidence | 9.5/20 P/E 47.8× · PEG — 15% evidence | 12.5/20 RS sector 3.4% · RS bench -2.4% · 1Y -4.7%1 of 12 weeks ahead 70% evidence |
| Exact sum: 23.2 + 9.4 + 9.5 + 12.5 = 54.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Griffon CorporationGFF | 54.1/100Mixed-positive evidence81% evidence | FADING | 14.0/35 Revenue -0.8% · PAT -71.7% · OPM change -0.6 pp 83% evidence | 13.5/25 ROCE 4.8% · OPM 20.7% 76% evidence | 12.6/20 P/E 559.1× · PEG 0.54 65% evidence | 14.0/20 RS sector 8.7% · RS bench 3.4% · 1Y 34.2%5 of 12 weeks ahead 100% evidence |
| Exact sum: 14 + 13.5 + 12.6 + 14 = 54.1 · Decision use: Price leads the evidence: RS versus the benchmark is 3.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8Armstrong World Industries, Inc.AWI | 53.5/100Thin evidence · provisional58% evidence | TURNING | 17.7/35 Revenue — · PAT — · OPM change -2.7 pp 45% evidence | 16.6/25 ROCE 8% · OPM 23% 76% evidence | 10.5/20 P/E 22× · PEG — 15% evidence | 8.7/20 RS sector -3.8% · RS bench -9% · 1Y -2.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 17.7 + 16.6 + 10.5 + 8.7 = 53.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 9Trane Technologies plcTT | 51.7/100Thin evidence · provisional58% evidence | BASING | 17.0/35 Revenue — · PAT — · OPM change -1.9 pp 45% evidence | 16.0/25 ROCE 8.2% · OPM 15.6% 76% evidence | 9.7/20 P/E 37.2× · PEG — 15% evidence | 9.0/20 RS sector 2.3% · RS bench -2.6% · 1Y 9.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 17 + 16 + 9.7 + 9 = 51.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 10Fortune Brands Innovations, Inc.FBIN | 49.6/100Mixed-negative evidence81% evidence | BREAKING OUT | 12.7/35 Revenue -2% · PAT -36.5% · OPM change -3.4 pp 83% evidence | 9.8/25 ROCE 1.1% · OPM 6% 76% evidence | 13.6/20 P/E 17× · PEG 0.93 65% evidence | 13.5/20 RS sector 1.6% · RS bench -4.2% · 1Y -5.9%7 of 12 weeks ahead 100% evidence |
| Exact sum: 12.7 + 9.8 + 13.6 + 13.5 = 49.6 · Decision use: Price leads the evidence: RS versus the benchmark is -4.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 11SPX Technologies, Inc.SPXC | 49.3/100Thin evidence · provisional58% evidence | TURNING | 20.5/35 Revenue — · PAT — · OPM change 1.7 pp 45% evidence | 13.4/25 ROCE 3.7% · OPM 15.5% 76% evidence | 9.6/20 P/E 41.6× · PEG — 15% evidence | 5.8/20 RS sector -2.7% · RS bench -7.3% · 1Y 7.1%1 of 12 weeks ahead 100% evidence |
| Exact sum: 20.5 + 13.4 + 9.6 + 5.8 = 49.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 12NPK International Inc.NPKI | 48.3/100Thin evidence · provisional52% evidence | ASLEEP | 18.4/35 Revenue — · PAT — · OPM change -1.7 pp 45% evidence | 12.4/25 ROCE 4.3% · OPM 19.2% 76% evidence | 9.9/20 P/E 31.8× · PEG — 15% evidence | 7.6/20 RS sector -3.3% · RS bench -7.5% · 1Y 46.5%0 of 12 weeks ahead 70% evidence |
| Exact sum: 18.4 + 12.4 + 9.9 + 7.6 = 48.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 13AirJoule Technologies CorporationAIRJ | 46.1/100Thin evidence · provisional52% evidence | LEADER | 12.0/35 Revenue — · PAT -249% · OPM change — 57% evidence | 5.7/25 ROCE -1.1% · OPM — 61% evidence | 11.4/20 P/E 8.7× · PEG — 15% evidence | 17.0/20 RS sector 37.7% · RS bench 30% · 1Y 30.4%12 of 12 weeks ahead 70% evidence |
| Exact sum: 12 + 5.7 + 11.4 + 17 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14Lennox International Inc.LII | 44.4/100Thin evidence · provisional58% evidence | ASLEEP | 15.3/35 Revenue — · PAT — · OPM change -1.3 pp 45% evidence | 17.7/25 ROCE 13.3% · OPM 14.4% 76% evidence | 10.2/20 P/E 25.9× · PEG — 15% evidence | 1.2/20 RS sector -18% · RS bench -22.3% · 1Y -23.3%4 of 12 weeks ahead 100% evidence |
| Exact sum: 15.3 + 17.7 + 10.2 + 1.2 = 44.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 15Owens CorningOC | 44.0/100Mixed-negative evidence64% evidence | BREAKING OUT | 9.1/35 Revenue -5.1% · PAT -308.2% · OPM change -10.8 pp 62% evidence | 7.0/25 ROCE 1.1% · OPM 5.3% 76% evidence | 9.8/20 P/E 35.7× · PEG — 15% evidence | 18.1/20 RS sector 9.4% · RS bench 3.3% · 1Y 1.1%8 of 12 weeks ahead 100% evidence |
| Exact sum: 9.1 + 7 + 9.8 + 18.1 = 44 · Decision use: Price leads the evidence: RS versus the benchmark is 3.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 16AAON, Inc.AAON | 43.9/100Mixed-negative evidence81% evidence | ASLEEP | 22.9/35 Revenue 28.2% · PAT -25.8% · OPM change 0.6 pp 83% evidence | 13.4/25 ROCE 4.5% · OPM 11.5% 76% evidence | 4.6/20 P/E 57.9× · PEG 4.21 65% evidence | 3.0/20 RS sector -8.3% · RS bench -12.5% · 1Y 18.7%9 of 12 weeks ahead 100% evidence |
| Exact sum: 22.9 + 13.4 + 4.6 + 3 = 43.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -8.3% and the one-year return is 18.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 17Carrier Global CorporationCARR | 43.8/100Thin evidence · provisional58% evidence | ASLEEP | 15.8/35 Revenue — · PAT — · OPM change -7.3 pp 45% evidence | 9.8/25 ROCE 2.6% · OPM 4.8% 76% evidence | 9.4/20 P/E 50.9× · PEG — 15% evidence | 8.8/20 RS sector 1.4% · RS bench -3.7% · 1Y -0.5%7 of 12 weeks ahead 100% evidence |
| Exact sum: 15.8 + 9.8 + 9.4 + 8.8 = 43.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 18Quanex Building Products CorporationNX | 43.4/100Mixed-negative evidence69% evidence | BASING | 10.3/35 Revenue 14.3% · PAT -8166.7% · OPM change -5 pp 95% evidence | 6.5/25 ROCE 1% · OPM 4% 76% evidence | 10.1/20 P/E 27.9× · PEG — 15% evidence | 16.5/20 RS sector 14% · RS bench 8.1% · 1Y 6.3%0 of 12 weeks ahead 70% evidence |
| Exact sum: 10.3 + 6.5 + 10.1 + 16.5 = 43.4 · Decision use: Price leads the evidence: RS versus the benchmark is 8.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 19Limbach Holdings, Inc.LMB | 42.3/100Mixed-negative evidence81% evidence | TURNING | 15.5/35 Revenue 22.5% · PAT 0% · OPM change -5.1 pp 83% evidence | 7.3/25 ROCE 0.5% · OPM 0.8% 76% evidence | 12.1/20 P/E 28.4× · PEG 0.94 65% evidence | 7.4/20 RS sector -13.8% · RS bench -18.9% · 1Y -32.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.5 + 7.3 + 12.1 + 7.4 = 42.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Aspen Aerogels, Inc.ASPN | 41.1/100Thin evidence · provisional58% evidence | ASLEEP | 20.0/35 Revenue -47.4% · PAT — · OPM change 325.2 pp 62% evidence | 3.0/25 ROCE -5.2% · OPM -55% 76% evidence | 8.9/20 P/E 69.9× · PEG — 15% evidence | 9.2/20 RS sector -0.3% · RS bench -6.8% · 1Y -33%10 of 12 weeks ahead 70% evidence |
| Exact sum: 20 + 3 + 8.9 + 9.2 = 41.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 21Perma-Pipe International Holdings, Inc.this pagePPIH | 39.8/100Mixed-negative evidence79% evidence | BASING | 15.6/35 Revenue 24.4% · PAT 5.9% · OPM change -7.7 pp 95% evidence | 10.7/25 ROCE 3.4% · OPM 9.2% 76% evidence | 8.8/20 P/E 19.3× · PEG 2 65% evidence | 4.7/20 RS sector -16.2% · RS bench -20.3% · 1Y -2.2%0 of 12 weeks ahead 70% evidence |
| Exact sum: 15.6 + 10.7 + 8.8 + 4.7 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Janus International Group, Inc.JBI | 38.6/100Thin evidence · provisional58% evidence | TURNING | 13.3/35 Revenue — · PAT — · OPM change -9.9 pp 45% evidence | 8.3/25 ROCE 1.1% · OPM 5.9% 76% evidence | 11.2/20 P/E 15.9× · PEG — 15% evidence | 5.8/20 RS sector -21.4% · RS bench -26.7% · 1Y -42.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 13.3 + 8.3 + 11.2 + 5.8 = 38.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 23Gibraltar Industries, Inc.ROCK | 36.5/100Mixed-negative evidence75% evidence | TURNING | 12.3/35 Revenue 21.1% · PAT -54.1% · OPM change -12.9 pp 83% evidence | 6.8/25 ROCE -0.3% · OPM -1.3% 76% evidence | 11.7/20 P/E 314× · PEG 0.92 65% evidence | 5.7/20 RS sector -8.4% · RS bench -14% · 1Y -17.4%2 of 12 weeks ahead 70% evidence |
| Exact sum: 12.3 + 6.8 + 11.7 + 5.7 = 36.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24JELD-WEN Holding, Inc.JELD | 35.9/100Thin evidence · provisional58% evidence | 20.1/35 Revenue -12.1% · PAT — · OPM change 16.2 pp 62% evidence | 3.5/25 ROCE -3.3% · OPM -7.6% 76% evidence | 9.3/20 P/E 57.4× · PEG — 15% evidence | 3.0/20 RS sector -58.7% · RS bench -62.8% · 1Y -77.3%4 of 10 weeks ahead 70% evidence | |
| Exact sum: 20.1 + 3.5 + 9.3 + 3 = 35.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 25Builders FirstSource, Inc.BLDR | 35.5/100Thin evidence · provisional58% evidence | BASING | 14.1/35 Revenue — · PAT — · OPM change -4.5 pp 45% evidence | 8.5/25 ROCE 1.3% · OPM 0.5% 76% evidence | 8.7/20 P/E 98.3× · PEG — 15% evidence | 4.2/20 RS sector -29.7% · RS bench -34.2% · 1Y -43%0 of 12 weeks ahead 100% evidence |
| Exact sum: 14.1 + 8.5 + 8.7 + 4.2 = 35.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26Louisiana-Pacific CorporationLPX | 34.8/100Adverse evidence81% evidence | BASING | 6.0/35 Revenue -13% · PAT -79% · OPM change -10.7 pp 83% evidence | 8.8/25 ROCE 1.5% · OPM 5.9% 76% evidence | 14.0/20 P/E 62.2× · PEG 0.28 65% evidence | 6.0/20 RS sector -11.4% · RS bench -16.3% · 1Y -15.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 6 + 8.8 + 14 + 6 = 34.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 27Latham Group, Inc.SWIM | 33.9/100Adverse evidence64% evidence | BASING | 16.1/35 Revenue 8.7% · PAT — · OPM change -1.2 pp 62% evidence | 4.3/25 ROCE -0.9% · OPM -5.6% 76% evidence | 8.8/20 P/E 75.6× · PEG — 15% evidence | 4.7/20 RS sector -16.6% · RS bench -21.4% · 1Y -22.8%1 of 12 weeks ahead 100% evidence |
| Exact sum: 16.1 + 4.3 + 8.8 + 4.7 = 33.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 28Advanced Drainage Systems, Inc.WMS | 33.7/100Adverse evidence81% evidence | TURNING | 12.3/35 Revenue 5% · PAT -5.4% · OPM change -11.1 pp 83% evidence | 10.9/25 ROCE 1.5% · OPM 7.9% 76% evidence | 5.4/20 P/E 25.2× · PEG 4.38 65% evidence | 5.1/20 RS sector -3.7% · RS bench -8.5% · 1Y 14%0 of 12 weeks ahead 100% evidence |
| Exact sum: 12.3 + 10.9 + 5.4 + 5.1 = 33.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 29Madison Air Solutions CorporationMAIR | 54.8/100Thin evidence · provisional27% evidence | ASLEEP | 18.3/35 Revenue — · PAT — · OPM change -1.4 pp 13% evidence | 15.0/25 ROCE 5.1% · OPM 16.4% 76% evidence | 11.5/20 P/E 0× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 4 weeks ahead 0% evidence |
| Exact sum: 18.3 + 15 + 11.5 + 10 = 54.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Perma-Pipe International Holdings, Inc.'s stock price today?
Perma-Pipe International Holdings, Inc. trades at $25.7, +21.8% over the past year. The company is valued at $0.0 B. The stock sits at 29% of its 52-week range of $22–$34, −12.7% versus its 200-day average. Against the S&P 500 it has been behind on a trailing-13-week view for 13 weeks. — as of 5 August 2026.
What were Perma-Pipe International Holdings, Inc.'s latest quarterly results?
Perma-Pipe International Holdings, Inc. reported revenue of $0.1 B and net profit of $0.0 B for the Apr 26 quarter. Revenue rose 0.0% and profit fell 100.0% year on year. Earnings per share were $0.22. The operating margin was 0.0%, 20.0 pp lower than a year earlier. — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s revenue?
Perma-Pipe International Holdings, Inc. reported revenue of $0.1 B in the Apr 26 quarter, +0.0% year on year. For the full FY26 fiscal year, revenue was $0.2 B (+31.3%). Over the last 4 years revenue compounded at 10.7% a year. — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s profit?
Perma-Pipe International Holdings, Inc. earned $0.0 B of net profit in the Apr 26 quarter, −100.0% year on year. Full-year FY26 profit was $0.0 B. The operating margin ran 0.0% in the latest quarter. — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s market cap?
Perma-Pipe International Holdings, Inc.'s market capitalisation is $0.0 B at a stock price of $25.7. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s P/E ratio?
Perma-Pipe International Holdings, Inc. trades at a P/E of 15.1×, at the 30th percentile of its own 1-year range, against a long-run median of 16.3×. This is a comparison with the stock's own history, not a value call — as of 5 August 2026.
Does Perma-Pipe International Holdings, Inc. pay a dividend?
No — Perma-Pipe International Holdings, Inc. has declared no dividend per share in any of its last 12 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 5 August 2026.
Is Perma-Pipe International Holdings, Inc. overvalued?
On its own history, Perma-Pipe International Holdings, Inc. looks cheap against its own history: its P/E of 15.1× has been cheaper only 30% of the time in 1 years (long-run median 16.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 5 August 2026.
Is Perma-Pipe International Holdings, Inc. growing?
Not right now — Perma-Pipe International Holdings, Inc.'s latest numbers are shrinking: latest-quarter revenue +0.0% year on year, profit −100.0%, and the margin −20.0 pp at 0.0%. The 4-year compound rates are 10.7% (revenue) and 18.9% (profit). The earnings engine currently reads: deteriorating — as of 5 August 2026.
How is Perma-Pipe International Holdings, Inc. performing?
Perma-Pipe International Holdings, Inc.'s latest readings are below. Its latest quarter's revenue rose 0.0% and profit fell 100.0% year on year. Against the S&P 500 it has been behind on a trailing-13-week view for 13 weeks. This describes what the data did, not a rating. — as of 5 August 2026.
What stage is Perma-Pipe International Holdings, Inc. in?
Improving — EPS growth bottomed 4 quarters ago at −14.9% and has held its recovery at +9.8%, ROCE slipping at 14.3%. The read comes from the last 12 quarters of growth (revenue growth +29.4% latest, eps growth +9.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 5 August 2026.
Is Perma-Pipe International Holdings, Inc. beating the market?
Not lately — on a trailing-13-week view Perma-Pipe International Holdings, Inc. is currently behind the S&P 500 (13 weeks and counting; last ahead the week of 2026-05-08), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.1 years the stock moved +8% against the S&P 500's +24% — behind the index over the full window. — as of 5 August 2026.
Will Perma-Pipe International Holdings, Inc.'s stock price go up?
This page publishes no price forecast for Perma-Pipe International Holdings, Inc. What it measures instead: the stock price is $25.7. Its P/E of 15.1× sits at the 30th percentile of its own 1-year range. Direction is not something this site claims to know. — as of 5 August 2026.
Is the market betting against Perma-Pipe International Holdings, Inc.?
Somewhat — short interest is 4.3% of Perma-Pipe International Holdings, Inc.'s tradable float, about 2.2 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 5 August 2026.
Does Perma-Pipe International Holdings, Inc. have too much debt?
It is moderate — Perma-Pipe International Holdings, Inc.'s debt-to-equity is 0.51. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s capex?
Perma-Pipe International Holdings, Inc. spent $0.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was $0.0 B. — as of 5 August 2026.
What is Perma-Pipe International Holdings, Inc.'s cash flow?
Perma-Pipe International Holdings, Inc. generated $0.0 B of operating cash flow in FY26 and $0.0 B of free cash flow after $0.0 B of capital spending. Reported profit that year was $0.0 B, so operating cash ran behind profit. — as of 5 August 2026.
Is Perma-Pipe International Holdings, Inc.'s profit real cash?
Mostly — over the last 3 fiscal years, 75% of Perma-Pipe International Holdings, Inc.'s reported profit arrived as operating cash. In FY26, operating cash was $0.0 B against reported profit of $0.0 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 5 August 2026.
How financially safe is Perma-Pipe International Holdings, Inc.?
On the balance sheet, the Z-score reads 3.18 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 5 August 2026.
Where is Perma-Pipe International Holdings, Inc. in its business cycle?
Perma-Pipe International Holdings, Inc.'s FY26 operating margin was 14.3%, against a 5-year band of 6.7%–14.3%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 0.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 5 August 2026.
What could break the Perma-Pipe International Holdings, Inc. story?
The sharpest disagreement: annual EPS moved +86.6% against a +21.8% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 5 August 2026.
Is Perma-Pipe International Holdings, Inc. a stock worth studying right now?
This is not investment advice. The machine read: Perma-Pipe International Holdings, Inc. is cheap for a reason. The P/E sits at the 30th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 5 August 2026.