Stock fact sheet · data as of
Perma-Pipe International Holdings, Inc. (PPIH): fair value, margin of safety and Wheel Score
Industrials · Industrial - Machinery · United States · High Growth
Is PPIH undervalued?
Perma-Pipe International Holdings, Inc. (PPIH) closed at 29.26 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 46.64, which puts the price 37% below it. 4 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DCF (5.81) and GLS Growth (116.80). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files PPIH under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for PPIH
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 5.81 | -80% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 22.17 | -24% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 64.14 | +119% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 24.69 | -16% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 116.80 | +299% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 52.13 | +78% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 66.17 | +126% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 21.20 | -28% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.37 | -85% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 36.00 | +23% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Perma-Pipe International Holdings, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability PPIH scores 6.8/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 12.4%, ROE 18.8%, ROA 7.8% - with debt at 0.52 times equity and a free-cash-flow yield of 5.7%.
Perma-Pipe International Holdings, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Operating Segments 100% (quarter Q2 FY2025).
Institutional ownership scores 6/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 12.4% |
|---|---|---|---|
| GLS Moat | 6.8 / 10 | ROE | 18.8% |
| Debt / equity | 0.52 | ROA | 7.8% |
| Free-cash-flow yield | 5.7% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 72: Good
With a Wheel Score of 72 - the Good band - Perma-Pipe International Holdings, Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 11/20, Moat 10/15, Premium 20/20, Stability 6/20; Stability (6/20) scores lowest.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 5,394 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 67k shares a day on a market cap of $238M, with a beta of 0.64 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 37% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 10 / 15 | moat 6.8/10 | |
| Premium | 20 / 20 | implied volatility 53% | |
| Stability | 6 / 20 | 67k shares/day, $238M cap, beta 0.64 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 10 Dec 2026, 55 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Industrial - Machinery
The 12 companies below are the closest to Perma-Pipe International Holdings, Inc. by market cap within the Industrial - Machinery industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VELO Velo3D, Inc. | 7.04 | - | - | 36Weak | $226M |
| SHMD SCHMID Group N.V. Class A Ordinary Shares | 3.44 | - | - | 37Weak | $226M |
| XE X-Energy, Inc. Class A Common Stock | 11.64 | - | - | 45Weak | $255M |
| OFLX Omega Flex, Inc. | 25.59 | 17.26 | -48% | 22No options | $258M |
| GENC Gencor Industries, Inc. | 17.73 | 33.92 | +48% | 68Good | $260M |
| FISN Deep Fission, Inc. | 3.65 | 0.3861 | -845% | 5No options | $215M |
| RR Richtech Robotics Inc. Class B Common Stock | 1.42 | 0.6180 | -130% | 31Weak | $263M |
| BNC BNB Standard Corp. | 4.75 | 105.12 | +95% | 64Fair | $204M |
| SERV Serve Robotics Inc. | 3.44 | 0.7994 | -330% | 33Weak | $298M |
| TAYD Taylor Devices, Inc. | 54.64 | 62.94 | +13% | 39No options | $176M |
| TWIN Twin Disc, Incorporated | 26.05 | 47.75 | +45% | 64Fair | $379M |
| MUEL Paul Mueller Company | 430.00 | 819.12 | +48% | 39No options | $386M |
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Start free See the Sunday ScanQuestions about PPIH
Is PPIH undervalued right now?
By the GLS models, yes: at 29.26 the stock is 37% below the average fair value of 46.64 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PPIH and what does it mean?
PPIH scores 72 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for PPIH?
46.64 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Perma-Pipe International Holdings, Inc. report earnings next?
The next earnings report is due on 10 Dec 2026 (before the open), 55 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does PPIH have listed options, and how liquid are they?
Yes. The nightly snapshot found 86 listed contracts with 5,394 open interest across all expiries and implied volatility of 53% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.