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Perma-Pipe International HoldingsSTU:MF3 -0.92%79 Net Current Asset Value is €1.79 as of Apr. 2026, which is 100% below its 10-year median of 7.44. GuruFocus rates STU:MF3 with a GF Score™ of 79/100 and a GF Value™ of €15.19 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,058 Construction companies, Perma-Pipe International Holdings ranks worse than 82.99% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
The historical rank and industry rank for Perma-Pipe International Holdings's Net Current Asset Value or its related term are showing as below:
STU:MF3'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.92 Med: 7.44 Max: 101.5
Current: 11.8
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Perma-Pipe International Holdings was 101.50. The lowest was 2.92. And the median was 7.44.
STU:MF3's Price-to-Net-Current-Asset-Value is ranked worse than 82.99% of 1058
companies
in the Construction industry
Industry Median: 3.2
vs STU:MF3: 11.80
Perma-Pipe International Holdings (STU:MF3) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Perma-Pipe International Holdings Net Current Asset Value Related Terms
Perma-Pipe International Holdings Net Current Asset Value Historical Data
* 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 Net Current Asset Value Chart
STU:MF3 vs JLHL, JELD, AIRJ: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of €1.79 mean?
Perma-Pipe International Holdings (STU:MF3) has a Net Current Asset Value of €1.79 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Perma-Pipe International Holdings and its competitors. This is 76% below median its historical median of 7.44. Over the past decade, Perma-Pipe International Holdings' Net Current Asset Value has ranged from 2.92 to 101.50. According to the industry distribution chart, Perma-Pipe International Holdings ranks #878 out of 1058 companies in the Construction industry, placing it in the top 83%.
Is Perma-Pipe International Holdings' Net Current Asset Value too high?
Perma-Pipe International Holdings' current Net Current Asset Value of €1.79 is 76% below median its 10-year median of 7.44. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 101.50. Based on the distribution chart, Perma-Pipe International Holdings ranks #878 out of 1058 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Perma-Pipe International Holdings has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perma-Pipe International Holdings' Net Current Asset Value compare to JLHL and JELD?
According to the Construction industry distribution chart, Perma-Pipe International Holdings ranks #878 out of 1058 companies for Net Current Asset Value. This places Perma-Pipe International Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Perma-Pipe International Holdings' own Net Current Asset Value has ranged from 2.92 to 101.50 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Perma-Pipe International Holdings and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perma-Pipe International Holdings's current Net Current Asset Value is €1.79, which is 76% below median its own 10-year median of 7.44. 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 (STU:MF3) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.19, compared to a current price of €21.60 — trading 42.2% above its estimated fair value. The current Net Current Asset Value is €1.79, which is 76% below median its 10-year median of 7.44. Perma-Pipe International Holdings' overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Perma-Pipe International Holdings (STU:MF3), the current Net Current Asset Value is €1.79 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 (STU: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 42.2% above its estimated GF Value™ of €15.19.
GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.
Key valuation signals for STU:MF3:
Net Current Asset Value: €1.79 (76% below median its 10-year median of 7.44)
GF Value™: €15.19 vs. price of €21.60 (42.2% above fair value)
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
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.
79GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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