Perma-Pipe International Holdings Inc (PPIH) - Net Assets
Based on the latest financial reports, Perma-Pipe International Holdings Inc (PPIH) has net assets worth $106.30 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($217.49 Million) and total liabilities ($111.19 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. Check Perma-Pipe International Holdings Inc (PPIH) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $106.30 Million |
| % of Total Assets | 48.88% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 95.2% |
| 10-Year Change | 78.92% |
| Growth Volatility | 22.67 |
Perma-Pipe International Holdings Inc - Net Assets Trend (1990–2026)
This chart illustrates how Perma-Pipe International Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Perma-Pipe International Holdings Inc for the complete picture of this company's asset base.
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 valuation and market cap data, see PPIH market cap.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
JAKKS Pacific Inc
NASDAQ:JAKK
|
$253.84 Million |
|
Thye Ming Industrial Co Ltd
TW:9927
|
$254.06 Million |
|
Cellectis SA
NASDAQ:CLLS
|
$254.07 Million |
|
DCX Systems Limited
NSE:DCXINDIA
|
$254.07 Million |
|
Mecaro Co. Ltd
KQ:241770
|
$253.76 Million |
|
Kleannara Co Ltd
KO:004545
|
$253.63 Million |
|
HansBiomed Corporation
KQ:042520
|
$253.47 Million |
|
Smart Share Global Ltd ADR
NASDAQ:EM
|
$253.44 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: 2.81x
- 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 8.76x to 2.81x 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 | $31.24 | x |
| 1991-01-31 | $3.21 | $31.24 | x |
| 1992-01-31 | $3.29 | $31.24 | x |
| 1993-01-31 | $3.88 | $31.24 | x |
| 1994-01-31 | $7.71 | $31.24 | x |
| 1995-01-31 | $5.38 | $31.24 | x |
| 1996-01-31 | $5.68 | $31.24 | x |
| 1997-01-31 | $7.20 | $31.24 | x |
| 1998-01-31 | $7.04 | $31.24 | x |
| 1999-01-31 | $7.10 | $31.24 | x |
| 2000-01-31 | $7.68 | $31.24 | x |
| 2001-01-31 | $7.88 | $31.24 | x |
| 2002-01-31 | $7.72 | $31.24 | x |
| 2003-01-31 | $5.41 | $31.24 | x |
| 2004-01-31 | $5.46 | $31.24 | x |
| 2005-01-31 | $6.00 | $31.24 | x |
| 2006-01-31 | $5.70 | $31.24 | x |
| 2007-01-31 | $6.93 | $31.24 | x |
| 2008-01-31 | $9.02 | $31.24 | x |
| 2009-01-31 | $9.36 | $31.24 | x |
| 2010-01-31 | $10.59 | $31.24 | x |
| 2011-01-31 | $11.39 | $31.24 | x |
| 2012-01-31 | $10.52 | $31.24 | x |
| 2013-01-31 | $7.84 | $31.24 | x |
| 2014-01-31 | $10.80 | $31.24 | x |
| 2015-01-31 | $9.94 | $31.24 | x |
| 2016-01-31 | $9.36 | $31.24 | x |
| 2017-01-31 | $7.93 | $31.24 | x |
| 2018-01-31 | $6.75 | $31.24 | x |
| 2019-01-31 | $6.62 | $31.24 | x |
| 2020-01-31 | $6.72 | $31.24 | x |
| 2021-01-31 | $6.07 | $31.24 | x |
| 2022-01-31 | $6.47 | $31.24 | x |
| 2023-01-31 | $7.12 | $31.24 | x |
| 2024-01-31 | $8.14 | $31.24 | x |
| 2025-01-31 | $9.00 | $31.24 | x |
| 2026-01-31 | $11.12 | $31.24 | 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: $251,437,046
- Average return on equity (ROE) among peers: 6.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perma-Pipe International Holdings Inc (PPIH) | $106.30 Million | 14.86% | 1.05x | $253.77 Million |
| AAON Inc (AAON) | $174.06 Million | 25.37% | 0.30x | $11.03 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $191.48 Million | -53.34% | 0.38x | $3.93 Million |
| Montana Technologies Corporation (AIRJ) | $-5.90 Million | 0.00% | 0.00x | $218.85 Million |
| Apogee Enterprises Inc (APOG) | $510.61 Million | 15.57% | 0.99x | $751.77 Million |
| Alpha Pro Tech Ltd (APT) | $18.64 Million | 13.14% | 0.17x | $64.06 Million |
| Arlo Technologies (ARLO) | $276.61 Million | -24.72% | 1.15x | $1.43 Billion |
| Aspen Aerogels Inc (ASPN) | $-58.10 Million | 0.00% | 0.00x | $291.74 Million |
| Armstrong World Industries Inc (AWI) | $591.80 Million | 37.80% | 1.83x | $6.79 Billion |
| Azek Company Inc (AZEK) | $505.55 Million | 1.33% | 2.52x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $309.62 Million | 46.62% | 8.40x | $7.98 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