Perma-Pipe International Holdings (FRA:MF3) EV-to-EBITDA: 8.33 (As of Aug. 15, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MF3 Perma-Pipe International Holdings Inc FRA:MF3
67 GF Score
Price €22.80
GF Value €15.33
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Perma-Pipe International Holdings EV-to-EBITDA?

Perma-Pipe International Holdings FRA:MF3 +5.56% 67 EV-to-EBITDA is 8.33 as of Aug. 15, 2026, which is 17% above its 10-year median of 7.15. GuruFocus rates FRA:MF3 with a GF Score™ of 67/100 and a GF Value™ of €15.33 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,483 Construction companies, Perma-Pipe International Holdings ranks better than 54.55% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Perma-Pipe International Holdings's enterprise value is €227.1 Mil. Perma-Pipe International Holdings's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was €27.3 Mil. Therefore, Perma-Pipe International Holdings's EV-to-EBITDA for today is 8.33.

The historical rank and industry rank for Perma-Pipe International Holdings's EV-to-EBITDA or its related term are showing as below:

FRA:MF3' s EV-to-EBITDA Range Over the Past 10 Years
Min: -247.76   Med: 7.15   Max: 74.18
Current: 8.23

During the past 13 years, the highest EV-to-EBITDA of Perma-Pipe International Holdings was 74.18. The lowest was -247.76. And the median was 7.15.

FRA:MF3's EV-to-EBITDA is ranked better than
54.55% of 1483 companies
in the Construction industry
Industry Median: 8.96 vs FRA:MF3: 8.23

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-15), Perma-Pipe International Holdings's stock price is €22.80. Perma-Pipe International Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was €1.446. Therefore, Perma-Pipe International Holdings's PE Ratio (TTM) for today is 15.77.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Perma-Pipe International Holdings  (FRA:MF3) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Perma-Pipe International Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=22.80/1.446
=15.77

Perma-Pipe International Holdings's share price for today is €22.80.
Perma-Pipe International Holdings's Earnings per Share (Diluted) 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 €1.446.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Perma-Pipe International Holdings EV-to-EBITDA Related Terms


Perma-Pipe International Holdings EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Perma-Pipe International Holdings's EV-to-EBITDA 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 EV-to-EBITDA Chart

Perma-Pipe International Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.26 6.79 5.99 6.16 8.06

Perma-Pipe International Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EV-to-EBITDA 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 4.33 8.25 7.89 8.06 9.73

FRA:MF3 vs JLHL, BURCA, AIRJ: EV-to-EBITDA Comparison

For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Perma-Pipe International Holdings's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Perma-Pipe International Holdings's EV-to-EBITDA falls into.


FRA:MF3
67GF Score
Perma-Pipe International Holdings Inc FRA:MF3
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perma-Pipe International Holdings EV-to-EBITDA Calculation

Perma-Pipe International Holdings's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=227.077/27.253
=8.33

Perma-Pipe International Holdings's current Enterprise Value is €227.1 Mil.
Perma-Pipe International Holdings's EBITDA 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 €27.3 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 8.33 mean?
Perma-Pipe International Holdings (FRA:MF3) has a EV-to-EBITDA of 8.33 as of Aug. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Perma-Pipe International Holdings. This is 17% above median its historical median of 7.15. According to the industry distribution chart, Perma-Pipe International Holdings ranks #674 out of 1483 companies in the Construction industry, placing it in the top 45.4%.
Is Perma-Pipe International Holdings' EV-to-EBITDA too high?
Perma-Pipe International Holdings' current EV-to-EBITDA of 8.33 is 17% above median its 10-year median of 7.15. The Construction industry median EV-to-EBITDA is 8.96. Perma-Pipe International Holdings' value of 8.33 is 7% below this industry median. Based on the distribution chart, Perma-Pipe International Holdings ranks #674 out of 1483 companies in the Construction industry, which is above the industry midpoint. Overall, Perma-Pipe International Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perma-Pipe International Holdings' EV-to-EBITDA compare to JLHL and BURCA?
According to the Construction industry distribution chart, Perma-Pipe International Holdings ranks #674 out of 1483 companies for EV-to-EBITDA. This puts Perma-Pipe International Holdings in the upper half of its industry. The industry median EV-to-EBITDA is 8.96. Perma-Pipe International Holdings' value of 8.33 is 7% below this benchmark. While the company's 10-year median is 7.15 vs. the industry median of 8.96, Perma-Pipe International Holdings has consistently been below 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 EV-to-EBITDA for a Construction company?
The median EV-to-EBITDA among Construction companies is 8.96, based on 1,483 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Perma-Pipe International Holdings's current EV-to-EBITDA of 8.33 is 7% below 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Perma-Pipe International Holdings. For the Construction industry, the median EV-to-EBITDA is 8.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perma-Pipe International Holdings's current EV-to-EBITDA is 8.33, which is 17% above median its own 10-year median of 7.15. 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 €15.33, compared to a current price of €22.80 — trading 48.7% above its estimated fair value. The current EV-to-EBITDA is 8.33, which is 17% above median its 10-year median of 7.15 and 7% below the Construction industry median of 8.96. Perma-Pipe International Holdings' overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Perma-Pipe International Holdings (FRA:MF3), the current EV-to-EBITDA is 8.33 as of Aug. 15, 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 €22.80 is trading 48.7% above its estimated GF Value™ of €15.33. GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.

Key valuation signals for FRA:MF3:

  • EV-to-EBITDA: 8.33 (17% above median its 10-year median of 7.15)
  • GF Value™: €15.33 vs. price of €22.80 (48.7% above fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 7% below the Construction median (#674 of 1483)

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 Business Description

Other Exchanges PPIH:USA
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.
67GF Score

Get the complete analysis for FRA:MF3

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.80
Price
€15.33
GF Value