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Perma-Pipe Valuation Multiples
Discover revenue and EBITDA valuation multiples for Perma-Pipe and similar public comparables like Ing-Grad, Etteplan, Energy Services of America, Teixeira Duarte and more.
Perma-Pipe Overview
About Perma-Pipe
Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures, and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, the Middle East, Europe, India, and other countries.
Founded
1993
HQ
Employees
750
Website
Sectors
Financials (LTM)
EV
$270M
Perma-Pipe Financials
Perma-Pipe reported last 12-month revenue of $212M and EBITDA of $35M.
In the same LTM period, Perma-Pipe generated $35M in EBITDA and $16M in net income.
Revenue (LTM)
Perma-Pipe P&L
In the most recent fiscal year, Perma-Pipe reported revenue of $158M and EBITDA of $24M.
Perma-Pipe expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $212M | XXX | $158M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $53M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $35M | XXX | $24M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $16M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Perma-Pipe Stock Performance
Perma-Pipe has current market cap of $254M, and enterprise value of $270M.
Market Cap Evolution
Perma-Pipe's stock price is $31.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $270M | $254M | 0.0% | XXX | XXX | XXX | $1.11 |
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Start Free TrialPerma-Pipe Valuation Multiples
Perma-Pipe trades at 1.3x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
Perma-Pipe Financial Valuation Multiples
As of March 7, 2026, Perma-Pipe has market cap of $254M and EV of $270M.
Equity research analysts estimate Perma-Pipe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Perma-Pipe has a P/E ratio of 15.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $254M | XXX | $254M | XXX | XXX | XXX |
| EV (current) | $270M | XXX | $270M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 11.1x | XXX | XXX | XXX |
| EV/EBIT | 9.0x | XXX | 13.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.1x | XXX | XXX | XXX |
| P/E | 15.9x | XXX | 28.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 24.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Perma-Pipe Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Perma-Pipe Margins & Growth Rates
Perma-Pipe's revenue in the last 12 month grew by 7%.
Perma-Pipe's revenue per employee in the last FY averaged $0.3M.
Perma-Pipe's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Perma-Pipe's rule of X is 34% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Perma-Pipe Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Perma-Pipe Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ing-Grad | XXX | XXX | XXX | XXX | XXX | XXX |
| Etteplan | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy Services of America | XXX | XXX | XXX | XXX | XXX | XXX |
| Teixeira Duarte | XXX | XXX | XXX | XXX | XXX | XXX |
| STINAG Stuttgart Invest | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Perma-Pipe M&A Activity
Perma-Pipe acquired XXX companies to date.
Last acquisition by Perma-Pipe was on XXXXXXXX, XXXXX. Perma-Pipe acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Perma-Pipe
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPerma-Pipe Investment Activity
Perma-Pipe invested in XXX companies to date.
Perma-Pipe made its latest investment on XXXXXXXX, XXXXX. Perma-Pipe invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Perma-Pipe
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Perma-Pipe
| When was Perma-Pipe founded? | Perma-Pipe was founded in 1993. |
| Where is Perma-Pipe headquartered? | Perma-Pipe is headquartered in United States. |
| How many employees does Perma-Pipe have? | As of today, Perma-Pipe has over 750 employees. |
| Who is the CEO of Perma-Pipe? | Perma-Pipe's CEO is Saleh Sagr. |
| Is Perma-Pipe publicly listed? | Yes, Perma-Pipe is a public company listed on Nasdaq. |
| What is the stock symbol of Perma-Pipe? | Perma-Pipe trades under PPIH ticker. |
| When did Perma-Pipe go public? | Perma-Pipe went public in 1989. |
| Who are competitors of Perma-Pipe? | Perma-Pipe main competitors are Ing-Grad, Etteplan, Energy Services of America, Teixeira Duarte. |
| What is the current market cap of Perma-Pipe? | Perma-Pipe's current market cap is $254M. |
| What is the current revenue of Perma-Pipe? | Perma-Pipe's last 12 months revenue is $212M. |
| What is the current revenue growth of Perma-Pipe? | Perma-Pipe revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Perma-Pipe? | Current revenue multiple of Perma-Pipe is 1.3x. |
| Is Perma-Pipe profitable? | Yes, Perma-Pipe is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Perma-Pipe? | Perma-Pipe's last 12 months EBITDA is $35M. |
| What is Perma-Pipe's EBITDA margin? | Perma-Pipe's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Perma-Pipe? | Current EBITDA multiple of Perma-Pipe is 7.7x. |
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