IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
© 2026 Blank Capital Research. All rights reserved. System Version: Aegis V8 (God Mode).
Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#227
Positioning
Market Dominance
Manufacturing
Machinery
$224M
David J. Mansfield
Perma-Pipe International Holdings, Inc. engineers, designs, manufactures, and sells specialty piping and leak detection systems. The company has operations in the United States, Canada, the Middle East, Europe, India, and internationally.
Headcount
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = PPIH ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PPIH Perma-Pipe International Holdings, Inc. | 66 | 73 | 79 | 73 | 14.8x | 10.2x | 21.6% | 8.5% | 33.5% | 13.9% | 9.1% | 63.0% | 0.0% | 15.0x | $224M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
Perma-Pipe International Holdings, Inc. (PPIH) receives a "Buy" rating with a composite score of 66.2/100. It ranks #227 out of 7,333 stocks in our coverage universe and carries a 4-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
Sign in to join the discussion.
610
HQ Base
Niles, Texas
Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Top-rated overall — multiple factors aligned for strong entry
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for PPIH.
View All RatingsROE proxy 21.6% (sector -1.9%)
GM 34% vs sector 44%, OM 14% vs sector 3%
Capital turnover N/A
Rev growth 63%, 11yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Perma-Pipe International Holdings, Inc. (PPIH) as a Buy with a composite score of 66.2/100 at a current price of $33.88. The stock scores above average across the majority of our quantitative factors and ranks #227, reflecting a favorable risk-reward profile.
Perma-Pipe International Holdings, Inc. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 66.2/100 places it at rank #227 in our full universe.
The near-term outlook is constructive, with revenue growing at 63% and momentum in the 73th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
Narrow
High
Standard
Undervalued
Returns on equity of 21.6% exceed cost of capital.
Value factor score of 79 suggests attractive pricing.
Positive momentum indicates institutional accumulation.
Vulnerability to macroeconomic shocks and interest rate volatility.
Perma-Pipe International Holdings, Inc. represents a buy based on multi-factor quantitative performance.
Perma-Pipe International Holdings, Inc. receives a Buy rating with a composite score of 66.2/100 and 4 out of 5 stars, ranking #227 of 7,333 stocks in our universe. PPIH displays a favorable combination of factors that positions it above the majority of the market. While not without risk, the quantitative profile supports a constructive outlook.
PPIH earns a quality score of 73/100, indicating above-average business quality. The company reports a return on equity of 21.6% (sector avg: -1.9%), gross margins of 33.5% (sector avg: 44.1%), net margins of 9.1% (sector avg: 1.0%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
PPIH carries a solid value score of 79/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 14.81x, an EV/EBITDA of 10.20x, a P/B ratio of 3.19x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
Perma-Pipe International Holdings, Inc.'s investment score of 29/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 63.0% vs. a sector average of 6.7% and a return on assets of 8.5% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
PPIH shows strong momentum characteristics with a score of 73/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at 63.0% year-over-year, while a beta of 1.60 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
PPIH's stability score of 44/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.60 and a debt-to-equity ratio of 15.00x (sector avg: 0.2x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
PPIH's short interest factor score of 83/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include high market sensitivity (beta: 1.60), elevated leverage (D/E: 15.00x), micro-cap liquidity risk. As a micro-cap company with a market capitalization of $224M, Perma-Pipe International Holdings, Inc. benefits from the generally lower volatility and deeper liquidity associated with its size class.
Perma-Pipe International Holdings, Inc. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #227 of 7,333 overall (97th percentile). Key comparisons include ROE of 21.6% exceeding the -1.9% sector median and operating margins of 13.9% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
Quant Factor Profile
Key factor gap
Short Int. (83) vs Investment (29) — closing this gap could shift the rating.
EV/EBITDA 11% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 1234% BELOW SECTOR MEDIAN
Gross Margin 24% BELOW SECTOR MEDIAN
Most readers would already be aware that Perma-Pipe International Holdings' (NASDAQ:PPIH) stock increased significantly...
Perma-Pipe International Holdings (NASDAQ:PPIH) has had a rough month with its share price down 4.9%. However, a closer...
THE WOODLANDS, Texas, December 12, 2025--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2025.
Gainers American Superconductor (NASDAQ:AMSC) shares increased by 28.73% to $16.43 during Friday's regular session. Trading volume for this security as of 12:30 EST is 1.6 million, which is 453.02% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $460.2 million. As per the news, the Q4 earnings report came out 2 days ago. Performant Financial (NASDAQ:PFMT) shares rose 22.87% to $5.05. Trading volume for this security as of 12:30 EST is 1.3 million, which is 41.89% of its average full-day volume over the last 100 days. The company's market cap stands at $279.0 million. Fuel Tech (NASDAQ:FTEK) shares moved upwards by 20.0% to $2.58. Trading volume for Fuel Tech's stock is 3.9 million as of 12:30 EST. This is 308.58% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $78.0 million. EHang Holdings (NASDAQ:EH) shares rose 18.66% to $32.3. As of 12:30 EST, this security is trading at a ...Full story available on Benzinga.com
Chevron, Amgen, Philip Morris, Hurco and Perma-Pipe are included in this Analyst Blog.
Above 50MA
37.18%
Net New Highs
+51081