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PPIH

Perma-Pipe InternationalA
Nasdaq / Capital Goods
Last Price
Quote time unavailable
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Current thesis
Sales rose 24.4% year over year, new orders exceeded $67 million, and backlog reached $142.3 million. Sustained conversion and better Ohio utilization could support earnings.
Posture
Constructive
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta -0.4.
What can break
Backlog may convert more slowly or at lower margins than expected.
Momentum
82
Value
62
Sentiment
57
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $29.00 · Bull $37.00 · Bear $21.00Analysis 2026-10-18; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-18 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $38.00
Why
Momentum82 · Δ7d -3.6
Value62 · Δ7d -0.4
Sentiment57 · Δ7d -11.4
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Value remains the lead driver in the composite, 7D delta -0.4.

Contradictions & invalidation

  • • Backlog may convert more slowly or at lower margins than expected.
  • • Materials, logistics, and Ohio start-up costs may continue to pressure gross margin. [#PR-2026-09-09]
  • • Gross margin fell despite higher sales.

Catalyst clock

2026-12-15

Backlog conversion and margin test

Lead driver: Value · See fundamentals
Momentum
82
8% active weight
Current posture
7d trendSoftening
Δ7d
-3.6
Δ21d
-7.6
Value
62
47% active weight
Current posture
7d trendFlat
Δ7d
-0.4
Δ21d
+0.6
Sentiment
57
45% active weight
Current posture
7d trendSoftening
Δ7d
-11.4
Δ21d
-12.1
Why this grade

Composite grade A. Momentum 82.2 / Value 62.4 / Sentiment 56.7

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-18. Scenario method

B+
Bull case
25%
Probability
Target price
$37.00
Analysis reference price unavailable
Analysis 2026-10-18 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$29.00
Analysis reference price unavailable
Analysis 2026-10-18 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$21.00
Analysis reference price unavailable
Analysis 2026-10-18 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$234.63M
Beta
0.52
Shares Out
8.2M
P/E (TTM)
18.8
P/S (TTM)
1.30
P/FCF (TTM)
21.22
Rev YoY
+7.5%
EPS YoY
-64.4%
Gross Margin
+30.6%
Op Margin
+12.2%
Net Debt
$24.57M
Current Ratio
2.31
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data