Perma-Pipe International Holdings Inc Net Assets
Perma-Pipe International Holdings Inc net assets. Based on the latest financial reports, Perma-Pipe International Holdings Inc (PPIH) has net assets worth $111.00 Million USD as of July 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($232.63 Million) and total liabilities ($121.63 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. Also explore PPIH net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $111.00 Million |
| % of Total Assets | 47.72% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 95.2% |
| 10-Year Change | 78.92% |
| Growth Volatility | 22.67 |
Net Assets of Perma-Pipe International Holdings Inc (1990–2026)
Net assets of Perma-Pipe International Holdings Inc from 1990 to 2026. This chart illustrates how Perma-Pipe International Holdings Inc's net assets have evolved over time, based on quarterly financial data. See Perma-Pipe International Holdings Inc net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Perma-Pipe International Holdings Inc (1990–2026)
The table below shows the annual net assets of Perma-Pipe International Holdings Inc from 1990 to 2026. For live market cap and overall valuation, see Perma-Pipe International Holdings Inc (PPIH) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $106.30 Million | +27.91% |
| 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 37039.0% over the analyzed period, indicating profitable operations and earnings retention.
Perma-Pipe International Holdings Inc Net Assets Breakdown (January 2026)
Perma-Pipe International Holdings Inc net assets breakdown by equity component as of January 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $37.14 Million | 40.98% |
| Common Stock | $81.00K | 0.09% |
| Other Comprehensive Income | $-7.68 Million | -8.47% |
| Other Components | $61.10 Million | 67.41% |
| Total Equity | $90.64 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 |
|---|---|
|
KinderCare Learning Companies, Inc.
NYSE:KLC
|
$240.19 Million |
|
Stille AB
ST:STIL
|
$240.29 Million |
|
Texas Ventures Acquisition III Corp
NASDAQ:TVA
|
$240.32 Million |
|
India Glycols Limited
NSE:INDIAGLYCO
|
$240.44 Million |
|
Provident Bancorp Inc
NASDAQ:PVBC
|
$240.07 Million |
|
Icelandair Group hf
IC:ICEAIR
|
$240.03 Million |
|
SEOHAN Const. & Eng.co.Ltd
KQ:011370
|
$239.93 Million |
|
Cipher Pharmaceuticals Inc
TO:CPH
|
$239.92 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 2025 to 2026, total equity changed from 72,138,000 to 90,638,000, a change of 18,500,000 (25.6%).
- Net income of 17,035,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 518,000.
- Other factors increased equity by 947,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.04 Million | +18.79% |
| Other Comprehensive Income | $518.00K | +0.57% |
| Other Changes | $947.00K | +1.04% |
| Total Change | $- | 25.65% |
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: 2.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.22x to 2.63x 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 | $29.30 | x |
| 1991-01-31 | $3.21 | $29.30 | x |
| 1992-01-31 | $3.29 | $29.30 | x |
| 1993-01-31 | $3.88 | $29.30 | x |
| 1994-01-31 | $7.71 | $29.30 | x |
| 1995-01-31 | $5.38 | $29.30 | x |
| 1996-01-31 | $5.68 | $29.30 | x |
| 1997-01-31 | $7.20 | $29.30 | x |
| 1998-01-31 | $7.04 | $29.30 | x |
| 1999-01-31 | $7.10 | $29.30 | x |
| 2000-01-31 | $7.68 | $29.30 | x |
| 2001-01-31 | $7.88 | $29.30 | x |
| 2002-01-31 | $7.72 | $29.30 | x |
| 2003-01-31 | $5.41 | $29.30 | x |
| 2004-01-31 | $5.46 | $29.30 | x |
| 2005-01-31 | $6.00 | $29.30 | x |
| 2006-01-31 | $5.70 | $29.30 | x |
| 2007-01-31 | $6.93 | $29.30 | x |
| 2008-01-31 | $9.02 | $29.30 | x |
| 2009-01-31 | $9.36 | $29.30 | x |
| 2010-01-31 | $10.59 | $29.30 | x |
| 2011-01-31 | $11.39 | $29.30 | x |
| 2012-01-31 | $10.52 | $29.30 | x |
| 2013-01-31 | $7.84 | $29.30 | x |
| 2014-01-31 | $10.80 | $29.30 | x |
| 2015-01-31 | $9.94 | $29.30 | x |
| 2016-01-31 | $9.36 | $29.30 | x |
| 2017-01-31 | $7.93 | $29.30 | x |
| 2018-01-31 | $6.75 | $29.30 | x |
| 2019-01-31 | $6.62 | $29.30 | x |
| 2020-01-31 | $6.72 | $29.30 | x |
| 2021-01-31 | $6.07 | $29.30 | x |
| 2022-01-31 | $6.47 | $29.30 | x |
| 2023-01-31 | $7.12 | $29.30 | x |
| 2024-01-31 | $8.14 | $29.30 | x |
| 2025-01-31 | $9.00 | $29.30 | x |
| 2026-01-31 | $11.12 | $29.30 | 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): 18.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.08%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.40x
- Recent ROE (18.79%) is above the historical average (2.46%), 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 |
| 2026 | 18.79% | 8.08% | 0.97x | 2.40x | $7.97 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: $1,423,243,816
- Average return on equity (ROE) among peers: 11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perma-Pipe International Holdings Inc (PPIH) | $111.00 Million | 14.86% | 1.10x | $240.12 Million |
| AAON Inc (AAON) | $91.59 Million | 18.71% | 0.42x | $5.56 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $555.23 Million | 4.36% | 0.55x | $6.19 Million |
| Montana Technologies Corporation (AIRJ) | $-5.90 Million | 0.00% | 0.00x | $172.10 Million |
| Apogee Enterprises Inc (APOG) | $172.10 Million | 15.22% | 1.91x | $790.49 Million |
| Alpha Pro Tech Ltd (APT) | $8.90 Million | 8.83% | 0.34x | $64.06 Million |
| Arlo Technologies (ARLO) | $73.17 Million | -18.78% | 1.17x | $1.40 Billion |
| Armstrong World Industries Inc (AWI) | $519.70 Million | 35.60% | 2.29x | $7.03 Billion |
| Azek Company Inc (AZEK) | $1.43 Billion | 6.23% | 0.53x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $4.30 Billion | 25.09% | 1.46x | $6.98 Billion |
| Carrier Global Corp (CARR) | $7.09 Billion | 23.46% | 2.69x | $44.21 Billion |
About 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 United Arab Emirates, Saudi Arabia, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to other l… Read more