Reading PPIH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PPIH free→Reading PPIH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PPIH free→NASDAQIndustrialsBuilding Products & EquipmentSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is robust, cash backs up reported profits, while risk is elevated and the sector backdrop is a headwind. Peer multiples imply a price about 22% above where it trades (it looks cheap on this basis); the read is fair, quality intact. Key factors to watch include potential guidance cuts and the performance of sector bellwethers. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $26.73. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $27 PPIH trades at 16× p/e, below its 18× p/e peer median. Our $32 fair value sits above the price; high confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price sits about 16% below a flat-multiple fair value; not enough history to forecast a comparison. This describes what's priced in, not a forecast of the move.
No fragility gates fired.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated strong grew net income 69% of the time over the next year (vs 58% for the rest of the cohort, n=3696).
Over the trailing year it converted 3.31x of net income into operating cash flow. Historically, Industrials names rated robust grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=3333).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.48 → $0.55 (+14.6% / 30d). 1 raised, 0 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
Transition story with positive analyst positioning (often a turnaround setup).
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$245.
How much price usually moves either way.
On a bad day, this stock has moved -$570.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,145.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Signal changed from 'mild_favorable' to 'mixed'.
The signal changed to mixed. Risk rose. Management became more volatile. The sector backdrop remained a headwind.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Earnings results will show if revenue and net income growth is on track for 2026.
Confirms:Earnings report shows revenue growth of at least 10% year over year.
Disproves:Earnings report shows revenue growth below 5% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PPIH yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On June 9, 2026, Perma-Pipe International Holdings, Inc. issued a press release announcing its financial results for its first quarter ended April 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q3, 2027-Q1
A side-by-side read on sector standing, valuation, and risk versus Building Products.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PPIH Perma-Pipe International Holdings Inc | Typical Show detailsSector percentile: 52 of 100 | fair | elevated |
TT Trane Technologies | Typical Show detailsSector percentile: 46 of 100 | expensive | moderate |
JCI Johnson Controls | Typical Show detailsSector percentile: 48 of 100 | expensive | low |
CARR Carrier Global | Below typical Show detailsSector percentile: 27 of 100 | expensive | elevated |
LII Lennox International | Typical Show detailsSector percentile: 61 of 100 | full | moderate |
11 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
Not investment advice. As of 2026-06-15.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management anticipates both revenue growth and net income growth for fiscal 2026 compared to fiscal 2025.
Management provided EPS guidance of $2.09 for the fiscal year ended January 31, 2026.
Why it matters: Confirming EPS guidance is key for investor confidence in growth plans.
Confirms:Management confirms EPS guidance of $2.09 during the earnings call.
Disproves:Management cuts EPS guidance to below $2.00 during the earnings call.
Results of Operations and Financial Condition. On April 16, 2026 , Perma-Pipe International Holdings, Inc. (the "Company") issued a press release announcing its financial results for its fiscal fourth quarter and 2025 fiscal year ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 7, 2026, the Board of Directors (the “Board”) of Perma-Pipe International Holdings, Inc. (the “Company”) appointed Nancy Zakhour to serve as a member of the Board, effective April 8, 2026 (the “Effective Date”). Ms. Zakhour was appointed to fill a vacancy on the Board and will serve until the Company’s next annual meeting of stockholders o…
Entry into a Material Definitive Agreement. On April 8, 2026, Perma‑Pipe International Holdings, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, as borrower, the other loan parties thereto, and JPMorgan Chase Bank, N.A., as lender (the “Lender”). The Credit Agreement provides for a senior secured asset‑based revolving credit facility with aggregate revolving commitments of $18.0 million, including a sublimit of up to $1.5 million for let…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in