Perma-Pipe International Holdings (PPIH) Financial Ratios

For fiscal 2026 (fiscal year ended Jan 31, 2026), Perma-Pipe International Holdings had a P/E ratio of 13.72 (up from 13.50), return on equity of 21.8% (up from 16.9%), debt-to-equity of 0.44 (up from 0.40) and a current ratio of 1.84 (down from 2.01). A current ratio of 1.84 means current assets exceed current liabilities.

Perma-Pipe International Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Valuation Ratios
P/E Ratio	13.72	13.50	6.18	13.67	11.78	-6.48
Forward P/E	17.19	-	-	-	-	-
P/S Ratio	1.11	0.77	0.43	0.57	0.52	0.59
P/B Ratio	2.20	1.46	0.90	1.41	1.31	1.01
Price/Tangible Book	2.64	1.73	1.02	1.46	1.37	1.00
Price/FCF	-	10.97	17.86	-	-14.92	-27.66
Price/OCF	25.49	8.71	4.39	-	-28.03	301.36
Enterprise Value Ratios
EV/Revenue	1.25	0.96	0.66	0.76	0.68	0.77
EV/EBITDA	7.67	6.35	5.81	7.31	7.55	-9.76
EV/EBIT	8.95	7.49	7.47	9.70	11.58	-5.70
EV/FCF	-	13.75	27.53	-	-18.66	-36.05
Profitability & Returns
Return on Equity (ROE)	21.80%	16.88%	20.36%	10.59%	11.68%	-14.56%
Return on Assets (ROA)	9.62%	7.91%	5.99%	5.65%	4.48%	-10.41%
Return on Invested Capital (ROIC)	18.82%	14.42%	14.82%	8.55%	7.85%	-13.93%
Return on Capital Employed (ROCE)	21.40%	18.30%	13.60%	14.10%	9.50%	-14.79%
Leverage & Solvency Ratios
Debt/Equity	0.44	0.40	0.46	0.51	0.63	0.45
Debt/EBITDA	1.20	1.26	1.68	1.78	2.25	-4.16
Debt/FCF	-	3.01	9.05	-	-7.14	-15.36
Liquidity Ratios
Current Ratio	1.84	2.01	1.71	1.96	2.04	1.91
Quick Ratio	1.48	1.49	1.25	1.43	1.50	1.16
Efficiency Ratios
Asset Turnover	1.10	0.99	1.08	1.16	1.23	0.79
Inventory Turnover	8.14	6.54	7.21	7.32	8.18	5.52
Yield & Distribution Ratios
Earnings Yield	7.29%	7.41%	16.17%	7.32%	8.49%	-15.44%
FCF Yield	-0.54%	9.12%	5.60%	-10.11%	-6.77%	-3.62%
Buyback Yield	-1.66%	0.72%	0.53%	3.32%	-3.31%	3.49%
Total Return	-	-	-	-	-3.31%	3.49%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Perma-Pipe International Holdings Financial Ratios

What is Perma-Pipe International Holdings's P/E ratio?

Perma-Pipe International Holdings's P/E ratio was 13.72 for fiscal 2026 (period ended Jan 31, 2026). It was 13.50 a year earlier.

What is Perma-Pipe International Holdings's return on equity?

Perma-Pipe International Holdings's return on equity (ROE) was 21.8% for fiscal 2026 (period ended Jan 31, 2026). It was 16.9% a year earlier.

What is Perma-Pipe International Holdings's debt-to-equity ratio?

Perma-Pipe International Holdings's debt-to-equity ratio was 0.44 for fiscal 2026 (period ended Jan 31, 2026). It was 0.40 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition