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Perma-Pipe International HoldingsFRA:MF3 -5.26%71 Earnings Yield (Joel Greenblatt) % is 8.49% as of Apr. 2026, which is 17% above its 10-year median of 7.25. GuruFocus rates FRA:MF3 with a GF Score™ of 71/100 and a GF Value™ of €15.04 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,804 Construction companies, Perma-Pipe International Holdings ranks better than 65.58% on this metric.
The historical rank and industry rank for Perma-Pipe International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MF3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.89 Med: 7.25 Max: 18.76
Current: 10.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Perma-Pipe International Holdings was 18.76%. The lowest was -21.89%. And the median was 7.25%.
FRA:MF3's Earnings Yield (Joel Greenblatt) % is ranked better than 65.58% of 1804
companies
in the Construction industry
Industry Median: 6.415
vs FRA:MF3: 10.11
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Perma-Pipe International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Perma-Pipe International Holdings (FRA:MF3) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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 Earnings Yield (Joel Greenblatt) % Chart
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Perma-Pipe International Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Perma-Pipe International Holdings's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €22.5 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.49% mean?
Perma-Pipe International Holdings (FRA:MF3) has a Earnings Yield (Joel Greenblatt) % of 8.49% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Perma-Pipe International Holdings and its competitors. This is 17% above median its historical median of 7.25. According to the industry distribution chart, Perma-Pipe International Holdings ranks #621 out of 1804 companies in the Construction industry, placing it in the top 34.4%.
Is Perma-Pipe International Holdings' Earnings Yield (Joel Greenblatt) % too high?
Perma-Pipe International Holdings' current Earnings Yield (Joel Greenblatt) % of 8.49% is 17% above median its 10-year median of 7.25. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.42. Perma-Pipe International Holdings' value of 8.49% is 32.3% above this industry median. Based on the distribution chart, Perma-Pipe International Holdings ranks #621 out of 1804 companies in the Construction industry, which is above the industry midpoint. Overall, Perma-Pipe International Holdings has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perma-Pipe International Holdings' Earnings Yield (Joel Greenblatt) % compare to JLHL and BURCA?
According to the Construction industry distribution chart, Perma-Pipe International Holdings ranks #621 out of 1804 companies for Earnings Yield (Joel Greenblatt) %. This puts Perma-Pipe International Holdings in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.42. Perma-Pipe International Holdings' value of 8.49% is 32.3% above this benchmark. While the company's 10-year median is 7.25 vs. the industry median of 6.42, Perma-Pipe International Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.42, based on 1,804 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Perma-Pipe International Holdings's current Earnings Yield (Joel Greenblatt) % of 8.49% is 32.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Perma-Pipe International Holdings and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perma-Pipe International Holdings's current Earnings Yield (Joel Greenblatt) % is 8.49%, which is 17% above median its own 10-year median of 7.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perma-Pipe International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Perma-Pipe International Holdings (FRA:MF3) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.04, compared to a current price of €21.60 — trading 43.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.49%, which is 17% above median its 10-year median of 7.25 and 32.3% above the Construction industry median of 6.42. Perma-Pipe International Holdings' overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Perma-Pipe International Holdings (FRA:MF3), the current Earnings Yield (Joel Greenblatt) % is 8.49% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Perma-Pipe International Holdings (FRA:MF3) Overvalued in 2026?
Based on GuruFocus' analysis, Perma-Pipe International Holdings stock appears to be overvalued.
The current stock price of €21.60 is trading 43.6% above its estimated GF Value™ of €15.04.
GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.
Key valuation signals for FRA:MF3:
Earnings Yield (Joel Greenblatt) %: 8.49% (17% above median its 10-year median of 7.25)
GF Value™: €15.04 vs. price of €21.60 (43.6% above fair value)
Industry Position: 32.3% above the Construction median (#621 of 1804)
No single metric tells the full story. See the FRA:MF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
71GF Score
Get the complete analysis for FRA:MF3
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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