Perma-Pipe International Holdings, Inc. (PPIH) Financial Ratio Screen

NASDAQ Industrials United States USD 237M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Perma-Pipe International Holdings, Inc. (PPIH) is potentially non-compliant in the automated ratio model. Perma-Pipe International Holdings, Inc. operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

PPIH financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
20.1%
Pass vs 30%
Cash ratio
9.5%
Pass vs 30%
Receivables + cash
48.9%
Fail vs 30%
Impermissible income
0.2%
Pass vs 5%

Calculation date: 2026-09-01. Financial period used: January 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodJanuary 2025Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Building Products & Equipment) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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 various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. It also provides liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in The Woodlands, Texas.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from January 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 20.1%
/ 30%
9.5%
/ 30%
48.9%
/ 30%
0.18%
/ 5%
RATIOS FAIL*
FTSE 20.1%
/ 33%
9.5%
/ 33%
48.9%
/ 50%
0.18%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

P/E Ratio
17.2
EPS
$1.71
P/B Ratio
2.8
EV/EBITDA
7.9
EV: $267M
Revenue
$158M
Growth: 47.1%
Beta
0.5
Low volatility
Current Ratio
1.8

Profitability

Gross Margin 33.5%
Operating Margin 18.6%
Net Margin 6.9%
Return on Equity (ROE) 20.6%
Return on Assets (ROA) 9.9%

Cash Flow & Balance Sheet

Operating Cash Flow$14M
Free Cash Flow$11M
Total Debt$33M
Debt-to-Equity42.8
Current Ratio1.8
Total Assets$165M

Price & Trading

Last Close$29.85
50-Day MA$30.72
200-Day MA$27.51
Avg Volume96K
Beta0.5
52-Week Range
$8.81
$36.48

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period January 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Perma-Pipe International Holdings, Inc. (PPIH)

CEO
Mr. Saleh Sagr
Employees
750
Sector
Industrials
Industry
Building Products & Equipment
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 237M
Currency
USD

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 various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. It also provides liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in The Woodlands, Texas.

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Frequently Asked Questions

Is Perma-Pipe International Holdings, Inc. (PPIH) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Perma-Pipe International Holdings, Inc.'s debt ratio?

Perma-Pipe International Holdings, Inc.'s debt ratio is 20.1% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Perma-Pipe International Holdings, Inc.'s key financial metrics?

Perma-Pipe International Holdings, Inc. has a market capitalization of USD 237M in its listing currency, trailing P/E ratio of 17.2, and revenue of $158M. The company maintains a gross margin of 33.5% and a net margin of 6.9%. Return on equity stands at 20.6%.

How often is the screening data updated?

Calculation date: 2026-09-01. Financial period: January 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.