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 Middle East, North Africa, Europe, India, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to v… Read more
Perma-Pipe International Holdings Inc (PPIH) - Net Assets
Latest net assets as of October 2025: $99.99 Million USD
Based on the latest financial reports, Perma-Pipe International Holdings Inc (PPIH) has net assets worth $99.99 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($216.99 Million) and total liabilities ($117.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $99.99 Million |
| % of Total Assets | 46.08% |
| Annual Growth Rate | 7.15% |
| 5-Year Change | 68.53% |
| 10-Year Change | 20.35% |
| Growth Volatility | 22.78 |
Perma-Pipe International Holdings Inc - Net Assets Trend (1990–2025)
This chart illustrates how Perma-Pipe International Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Perma-Pipe International Holdings Inc (1990–2025)
The table below shows the annual net assets of Perma-Pipe International Holdings Inc from 1990 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $83.11 Million | +15.46% |
| 2024-01-31 | $71.98 Million | +24.56% |
| 2023-01-31 | $57.78 Million | +6.11% |
| 2022-01-31 | $54.46 Million | +10.43% |
| 2021-01-31 | $49.31 Million | -11.35% |
| 2020-01-31 | $55.63 Million | +7.60% |
| 2019-01-31 | $51.70 Million | -0.21% |
| 2018-01-31 | $51.81 Million | -12.79% |
| 2017-01-31 | $59.41 Million | -13.96% |
| 2016-01-31 | $69.05 Million | -5.75% |
| 2015-01-31 | $73.26 Million | -4.40% |
| 2014-01-31 | $76.64 Million | +41.27% |
| 2013-01-31 | $54.25 Million | -24.78% |
| 2012-01-31 | $72.12 Million | -7.60% |
| 2011-01-31 | $78.05 Million | +9.69% |
| 2010-01-31 | $71.16 Million | +10.88% |
| 2009-01-31 | $64.18 Million | +7.36% |
| 2008-01-31 | $59.78 Million | +54.01% |
| 2007-01-31 | $38.82 Million | +22.02% |
| 2006-01-31 | $31.81 Million | +1.73% |
| 2005-01-31 | $31.27 Million | +16.36% |
| 2004-01-31 | $26.87 Million | +0.98% |
| 2003-01-31 | $26.61 Million | -29.94% |
| 2002-01-31 | $37.99 Million | -2.09% |
| 2001-01-31 | $38.80 Million | +2.57% |
| 2000-01-31 | $37.83 Million | +4.55% |
| 1999-01-31 | $36.18 Million | +1.92% |
| 1998-01-31 | $35.50 Million | +7.90% |
| 1997-01-31 | $32.90 Million | +25.57% |
| 1996-01-31 | $26.20 Million | +9.62% |
| 1995-01-31 | $23.90 Million | +12.74% |
| 1994-01-31 | $21.20 Million | +103.85% |
| 1993-01-31 | $10.40 Million | +13.04% |
| 1992-01-31 | $9.20 Million | +5.75% |
| 1991-01-31 | $8.70 Million | +17.57% |
| 1990-01-31 | $7.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Perma-Pipe International Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20004.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $20.10 Million | 27.87% |
| Common Stock | $80.00K | 0.11% |
| Other Comprehensive Income | $-8.20 Million | -11.36% |
| Other Components | $60.15 Million | 83.38% |
| Total Equity | $72.14 Million | 100.00% |
Perma-Pipe International Holdings Inc Competitors by Market Cap
The table below lists competitors of Perma-Pipe International Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Resources Chemical Innovative Materials Co. Ltd.
SHE:301090
|
$209.36 Million |
|
Dencare (Chongqing) Oral Care Co. Ltd. A
SHE:001328
|
$209.36 Million |
|
Hefei Kewell Power System Co Ltd
SHG:688551
|
$209.39 Million |
|
GENERAL Elevator Co. Ltd.
SHE:300931
|
$209.42 Million |
|
ESSA Bancorp Inc
NASDAQ:ESSA
|
$209.29 Million |
|
LCNB Corporation
NASDAQ:LCNB
|
$209.28 Million |
|
INVESTAR HLDG CORP. DL 1
F:7ZH
|
$209.27 Million |
|
Great Tree Pharmacy Co Ltd
TWO:6469
|
$209.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Perma-Pipe International Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 65,712,000 to 72,138,000, a change of 6,426,000 (9.8%).
- Net income of 8,983,000 contributed positively to equity growth.
- Share repurchases of 179,000 reduced equity.
- Other comprehensive income decreased equity by 2,646,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.98 Million | +12.45% |
| Share Repurchases | $179.00K | -0.25% |
| Other Comprehensive Income | $-2.65 Million | -3.67% |
| Other Changes | $268.00K | +0.37% |
| Total Change | $- | 9.78% |
Book Value vs Market Value Analysis
This analysis compares Perma-Pipe International Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.11x to 3.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-01-31 | $3.57 | $28.90 | x |
| 1991-01-31 | $3.21 | $28.90 | x |
| 1992-01-31 | $3.29 | $28.90 | x |
| 1993-01-31 | $3.88 | $28.90 | x |
| 1994-01-31 | $7.71 | $28.90 | x |
| 1995-01-31 | $5.38 | $28.90 | x |
| 1996-01-31 | $5.68 | $28.90 | x |
| 1997-01-31 | $7.20 | $28.90 | x |
| 1998-01-31 | $7.04 | $28.90 | x |
| 1999-01-31 | $7.10 | $28.90 | x |
| 2000-01-31 | $7.68 | $28.90 | x |
| 2001-01-31 | $7.88 | $28.90 | x |
| 2002-01-31 | $7.72 | $28.90 | x |
| 2003-01-31 | $5.41 | $28.90 | x |
| 2004-01-31 | $5.46 | $28.90 | x |
| 2005-01-31 | $6.00 | $28.90 | x |
| 2006-01-31 | $5.70 | $28.90 | x |
| 2007-01-31 | $6.93 | $28.90 | x |
| 2008-01-31 | $9.02 | $28.90 | x |
| 2009-01-31 | $9.36 | $28.90 | x |
| 2010-01-31 | $10.59 | $28.90 | x |
| 2011-01-31 | $11.39 | $28.90 | x |
| 2012-01-31 | $10.52 | $28.90 | x |
| 2013-01-31 | $7.84 | $28.90 | x |
| 2014-01-31 | $10.80 | $28.90 | x |
| 2015-01-31 | $9.94 | $28.90 | x |
| 2016-01-31 | $9.36 | $28.90 | x |
| 2017-01-31 | $7.93 | $28.90 | x |
| 2018-01-31 | $6.75 | $28.90 | x |
| 2019-01-31 | $6.62 | $28.90 | x |
| 2020-01-31 | $6.72 | $28.90 | x |
| 2021-01-31 | $6.07 | $28.90 | x |
| 2022-01-31 | $6.47 | $28.90 | x |
| 2023-01-31 | $7.12 | $28.90 | x |
| 2024-01-31 | $8.14 | $28.90 | x |
| 2025-01-31 | $9.00 | $28.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Perma-Pipe International Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.67%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.29x
- Recent ROE (12.45%) is above the historical average (2.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 14.86% | 5.70% | 2.05x | 1.27x | $360.00K |
| 1991 | 14.94% | 5.73% | 2.05x | 1.28x | $430.00K |
| 1992 | 7.61% | 3.23% | 1.84x | 1.28x | $-220.00K |
| 1993 | 10.58% | 4.35% | 2.02x | 1.20x | $60.00K |
| 1994 | 7.08% | 5.02% | 0.81x | 1.74x | $-620.00K |
| 1995 | 5.02% | 1.59% | 1.58x | 2.00x | $-1.19 Million |
| 1996 | 9.16% | 2.80% | 1.45x | 2.25x | $-220.00K |
| 1997 | 9.73% | 3.42% | 1.24x | 2.29x | $-90.00K |
| 1998 | 7.78% | 2.52% | 1.20x | 2.58x | $-800.00K |
| 1999 | 0.84% | 0.25% | 1.24x | 2.74x | $-3.28 Million |
| 2000 | 6.35% | 1.75% | 1.40x | 2.58x | $-1.38 Million |
| 2001 | 2.90% | 0.76% | 1.42x | 2.70x | $-2.75 Million |
| 2002 | -0.98% | -0.30% | 1.36x | 2.44x | $-4.17 Million |
| 2003 | -43.32% | -9.38% | 1.56x | 2.97x | $-14.19 Million |
| 2004 | -4.08% | -0.91% | 1.53x | 2.94x | $-3.78 Million |
| 2005 | 9.00% | 1.94% | 1.70x | 2.73x | $-314.00K |
| 2006 | 1.67% | 0.34% | 1.74x | 2.79x | $-2.65 Million |
| 2007 | 11.83% | 2.15% | 1.76x | 3.13x | $711.40K |
| 2008 | -0.50% | -0.12% | 1.71x | 2.35x | $-6.28 Million |
| 2009 | 10.42% | 2.21% | 1.67x | 2.82x | $271.20K |
| 2010 | 6.44% | 2.03% | 1.53x | 2.07x | $-2.59 Million |
| 2011 | 5.78% | 2.06% | 1.34x | 2.09x | $-3.30 Million |
| 2012 | -6.89% | -2.14% | 1.49x | 2.17x | $-12.22 Million |
| 2013 | -34.07% | -8.72% | 1.42x | 2.76x | $-23.91 Million |
| 2014 | 27.44% | 9.27% | 1.39x | 2.13x | $13.36 Million |
| 2015 | -0.35% | -0.13% | 1.31x | 2.04x | $-7.54 Million |
| 2016 | -6.39% | -3.59% | 0.89x | 2.00x | $-11.31 Million |
| 2017 | -21.00% | -12.62% | 0.97x | 1.71x | $-18.42 Million |
| 2018 | -19.25% | -9.48% | 1.01x | 2.02x | $-15.16 Million |
| 2019 | -1.06% | -0.43% | 1.26x | 1.98x | $-5.72 Million |
| 2020 | 6.43% | 2.80% | 1.14x | 2.02x | $-1.99 Million |
| 2021 | -15.50% | -9.02% | 0.82x | 2.08x | $-12.57 Million |
| 2022 | 11.13% | 4.38% | 1.12x | 2.27x | $616.30K |
| 2023 | 10.29% | 4.17% | 1.16x | 2.13x | $166.60K |
| 2024 | 15.93% | 6.95% | 0.97x | 2.37x | $3.90 Million |
| 2025 | 12.45% | 5.67% | 0.96x | 2.29x | $1.77 Million |
Industry Comparison
This section compares Perma-Pipe International Holdings Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $287,437,890
- Average return on equity (ROE) among peers: 3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perma-Pipe International Holdings Inc (PPIH) | $99.99 Million | 14.86% | 1.17x | $209.32 Million |
| AAON Inc (AAON) | $96.52 Million | 29.62% | 0.46x | $5.36 Billion |
| AC Partners Inc (ACPS) | $705.96K | -5.90% | 0.29x | $4.89K |
| Antelope Enterprise Holdings Ltd (AEHL) | $1.44 Billion | 16.90% | 0.16x | $2.07 Million |
| Armstrong Flooring Inc (AFIIQ) | $391.00 Million | -41.69% | 0.81x | $2.18K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $91.75 Million |
| Atlas Engineered Products Ltd (APEUF) | $19.81 Million | 35.10% | 0.81x | $33.22 Million |
| Apogee Enterprises Inc (APOG) | $406.19 Million | 16.09% | 0.62x | $694.45 Million |
| Alpha Pro Tech Ltd (APT) | $7.10 Million | 15.49% | 0.41x | $38.91 Million |
| Arlo Technologies (ARLO) | $103.28 Million | -21.34% | 1.76x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $122.47 Million | -5.24% | 0.14x | $253.70 Million |