Does PERMA-PIPE INTERNATIONAL HOLDINGS, INC. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores PERMA-PIPE INTERNATIONAL HOLDINGS, INC. (PPIH) 32.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 13, returns on capital 36, balance-sheet safety 57, capital discipline 30.

Is PPIH stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $21.58 per share versus a recent price of $25.42 — 18% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has PPIH's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 32.1 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

PERMA-PIPE INTERNATIONAL HOLDINGS, INC.

PPIH · Industrials · $206.5M mkt cap · FY2026 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power13

Median gross margin 23.1% over 10y, variable.

Returns on capital36

Median ROIC 9.3%, above the 9% hurdle in 50% of years.

Balance-sheet safety57

Net debt/EBITDA n/ax, interest coverage 14x.

Capital discipline30

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

18% above value

Owner earnings (normalized): $9.7M
Est. intrinsic value / share: $21.58
Recent price: $25.42
Discount to value: 18% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for PPIH yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.1 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — PPIH has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#186 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#184BZH BEAZER HOMES USA, INC.32.4 out of 100, No moatNo moat
#185GTLS CHART INDUSTRIES, INC.32.2 out of 100, No moatNo moat
#187JBTM JBT Marel Corporation32.0 out of 100, No moatNo moat
#188CRS CARPENTER TECHNOLOGY CORPORATION31.8 out of 100, No moatNo moat

Compare PPIH with its nearest peers →All Industrials companies on the Index →

Common questions about PPIH

Does PERMA-PIPE INTERNATIONAL HOLDINGS, INC. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores PERMA-PIPE INTERNATIONAL HOLDINGS, INC. (PPIH) 32.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 13, returns on capital 36, balance-sheet safety 57, capital discipline 30.
Is PPIH stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $21.58 per share versus a recent price of $25.42 — 18% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has PPIH's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 32.1 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PPIH. See the disclaimer.