Perma-Pipe International Holdings (STU:MF3) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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STU:MF3 Perma-Pipe International Holdings Inc STU:MF3
76 GF Score
Price €26.60
GF Value €17.36
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Perma-Pipe International Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Perma-Pipe International Holdings  (STU:MF3) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Perma-Pipe International Holdings Cyclically Adjusted PS Ratio Related Terms


Perma-Pipe International Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Perma-Pipe International Holdings's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Perma-Pipe International Holdings Cyclically Adjusted PS Ratio Chart

Perma-Pipe International Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.52 0.43 0.86 1.41

Perma-Pipe International Holdings Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.36 1.40 1.53 1.14

STU:MF3 vs JELD, JLHL, BURCA: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Perma-Pipe International Holdings Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Perma-Pipe International Holdings's Cyclically Adjusted PS Ratio falls into.


STU:MF3
76GF Score
Perma-Pipe International Holdings Inc STU:MF3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perma-Pipe International Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Perma-Pipe International Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Perma-Pipe International Holdings's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=6.252/333.9180*333.9180
=6.252

Current CPI (Jul. 2026) = 333.9180.

Perma-Pipe International Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 3.010 241.729 4.158
201701 3.411 242.839 4.690
201704 2.890 244.524 3.947
201707 3.106 244.786 4.237
201710 3.015 246.663 4.082
201801 2.979 247.867 4.013
201804 3.039 250.546 4.050
201807 3.526 252.006 4.672
201810 3.602 252.885 4.756
201901 3.853 251.712 5.111
201904 2.725 255.548 3.561
201907 4.044 256.571 5.263
201910 3.875 257.346 5.028
202001 3.489 257.971 4.516
202004 2.582 256.389 3.363
202007 2.193 259.101 2.826
202010 2.107 260.388 2.702
202101 2.166 261.582 2.765
202104 2.496 267.054 3.121
202107 3.985 273.003 4.874
202110 3.579 276.589 4.321
202201 4.119 281.148 4.892
202204 3.567 289.109 4.120
202207 4.328 296.276 4.878
202210 4.672 298.012 5.235
202301 4.225 299.170 4.716
202304 3.435 303.363 3.781
202307 3.956 305.691 4.321
202310 5.314 307.671 5.767
202401 4.629 308.417 5.012
202404 3.947 313.548 4.203
202407 4.272 314.540 4.535
202410 4.707 315.664 4.979
202501 5.287 317.671 5.557
202504 5.357 320.795 5.576
202507 5.124 323.048 5.296
202510 6.406 0.000
202601 5.757 325.252 5.910
202604 5.216 333.020 5.230
202607 6.252 333.918 6.252

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Perma-Pipe International Holdings (STU:MF3) Overvalued in 2026?

Based on GuruFocus' analysis, Perma-Pipe International Holdings stock appears to be overvalued. The current stock price of €26.60 is trading 53.2% above its estimated GF Value™ of €17.36. GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.

Key valuation signals for STU:MF3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €17.36 vs. price of €26.60 (53.2% above fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the STU:MF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perma-Pipe International Holdings Business Description

Other Exchanges PPIH:USAMF3:Germany
Address 2445 Technology Forest Boulevard, Suite 1010, The Woodlands, TX, USA, 77381
Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in Piping Systems. The company engineers, designs, manufactures, and sells specialty piping systems and leak detection systems. Specialty piping systems of the company 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, the coating and insulation of oil and gas gathering and transmission pipelines, and liquid and powder based anti-corrosion coatings applied both to the external and internal surfaces of steel pipe, including shapes such as bends, reducers, tees, and other fittings.
76GF Score

Get the complete analysis for STU:MF3

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.60
Price
€17.36
GF Value