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Perma-Pipe International HoldingsSTU:MF3 +0.91%79 ROC (Joel Greenblatt) % is 19.35% as of Apr. 2026, which is 62% above its 10-year median of 11.96. GuruFocus rates STU:MF3 with a GF Score™ of 79/100 and a GF Value™ of €15.73 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,783 Construction companies, Perma-Pipe International Holdings ranks better than 63.71% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Perma-Pipe International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 19.35%.
The historical rank and industry rank for Perma-Pipe International Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:MF3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.7 Med: 11.96 Max: 35.89
Current: 31.15
During the past 13 years, Perma-Pipe International Holdings's highest ROC (Joel Greenblatt) % was 35.89%. The lowest was -23.70%. And the median was 11.96%.
STU:MF3's ROC (Joel Greenblatt) % is ranked better than 63.71% of 1783
companies
in the Construction industry
Industry Median: 19.61
vs STU:MF3: 31.15
Perma-Pipe International Holdings (STU:MF3) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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 ROC (Joel Greenblatt) % Chart
STU:MF3 vs JLHL, JELD, AIRJ: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (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 ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's ROC (Joel Greenblatt) % falls into.
Perma-Pipe International Holdings ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Apr. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 19.35% mean?
Perma-Pipe International Holdings (STU:MF3) has a ROC (Joel Greenblatt) % of 19.35% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Perma-Pipe International Holdings and its competitors. This is 62% above median its historical median of 11.96. According to the industry distribution chart, Perma-Pipe International Holdings ranks #647 out of 1783 companies in the Construction industry, placing it in the top 36.3%.
Is Perma-Pipe International Holdings' ROC (Joel Greenblatt) % too high?
Perma-Pipe International Holdings' current ROC (Joel Greenblatt) % of 19.35% is 62% above median its 10-year median of 11.96. The Construction industry median ROC (Joel Greenblatt) % is 19.61. Perma-Pipe International Holdings' value of 19.35% is 1.3% below this industry median. Based on the distribution chart, Perma-Pipe International Holdings ranks #647 out of 1783 companies in the Construction industry, which is above the industry midpoint. 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' ROC (Joel Greenblatt) % compare to JLHL and JELD?
According to the Construction industry distribution chart, Perma-Pipe International Holdings ranks #647 out of 1783 companies for ROC (Joel Greenblatt) %. This puts Perma-Pipe International Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.61. Perma-Pipe International Holdings' value of 19.35% is 1.3% below this benchmark. While the company's 10-year median is 11.96 vs. the industry median of 19.61, 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 ROC (Joel Greenblatt) % for a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.61, based on 1,783 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (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 ROC (Joel Greenblatt) % of 19.35% is 1.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Perma-Pipe International Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perma-Pipe International Holdings's current ROC (Joel Greenblatt) % is 19.35%, which is 62% above median its own 10-year median of 11.96. 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 €15.73, compared to a current price of €22.20 — trading 41.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.35%, which is 62% above median its 10-year median of 11.96 and 1.3% below the Construction industry median of 19.61. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Perma-Pipe International Holdings (STU:MF3), the current ROC (Joel Greenblatt) % is 19.35% 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 €22.20 is trading 41.1% above its estimated GF Value™ of €15.73.
GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.
Key valuation signals for STU:MF3:
ROC (Joel Greenblatt) %: 19.35% (62% above median its 10-year median of 11.96)
GF Value™: €15.73 vs. price of €22.20 (41.1% above fair value)
Industry Position: 1.3% below the Construction median (#647 of 1783)
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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