Perma-Pipe International Holdings (STU:MF3) Scaled Net Operating Assets: 0.63 (As of Apr. 2026)


STU:MF3 Perma-Pipe International Holdings Inc STU:MF3
77 GF Score
Price €22.80
GF Value €15.72
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Perma-Pipe International Holdings Scaled Net Operating Assets?

Perma-Pipe International Holdings STU:MF3 -3.39% 77 Scaled Net Operating Assets is 0.63 as of Apr. 2026. GuruFocus rates STU:MF3 with a GF Score™ of 77/100 and a GF Value™ of €15.72 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Perma-Pipe International Holdings's operating assets for the quarter that ended in Apr. 2026 was €165.3 Mil. Perma-Pipe International Holdings's operating liabilities for the quarter that ended in Apr. 2026 was €48.8 Mil. Perma-Pipe International Holdings's Total Assets for the quarter that ended in Jan. 2026 was €185.1 Mil. Therefore, Perma-Pipe International Holdings's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.63.


Perma-Pipe International Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Perma-Pipe International Holdings's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Perma-Pipe International Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.69 0.80 0.68 0.72

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
Scaled Net Operating Assets 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 0.60 0.64 0.61 0.61 0.63

STU:MF3 vs JLHL, JELD, AIRJ: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Perma-Pipe International Holdings's Scaled Net Operating Assets falls into.


STU:MF3
77GF Score
Perma-Pipe International Holdings Inc STU:MF3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Perma-Pipe International Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Perma-Pipe International Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(169.15-54.74)/159.623
=0.72

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=185.081 - 15.931
=169.15

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94.618 - 21.123 - 18.755
=54.74

Perma-Pipe International Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(165.275-48.811)/185.081
=0.63

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=189.471 - 24.196
=165.275

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=96.502 - 36.564 - 11.127
=48.811

* 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 Scaled Net Operating Assets of 0.63 mean?
Perma-Pipe International Holdings (STU:MF3) has a Scaled Net Operating Assets of 0.63 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Perma-Pipe International Holdings and its competitors.
Is Perma-Pipe International Holdings' Scaled Net Operating Assets too high?
Perma-Pipe International Holdings' current Scaled Net Operating Assets is 0.63. Overall, Perma-Pipe International Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perma-Pipe International Holdings' Scaled Net Operating Assets compare to JLHL and JELD?
Perma-Pipe International Holdings' Scaled Net Operating Assets of 0.63 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Perma-Pipe International Holdings and its competitors. Perma-Pipe International Holdings's current Scaled Net Operating Assets is 0.63. 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 €15.72, compared to a current price of €22.80 — trading 45% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. Perma-Pipe International Holdings' overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Perma-Pipe International Holdings (STU:MF3), the current Scaled Net Operating Assets is 0.63 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 €22.80 is trading 45% above its estimated GF Value™ of €15.72. GuruFocus considers Perma-Pipe International Holdings to be Significantly Overvalued.

Key valuation signals for STU:MF3:

  • Scaled Net Operating Assets: 0.63
  • GF Value™: €15.72 vs. price of €22.80 (45% above fair value)
  • GF Score™: 77/100 with 1 warning sign

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.
77GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.80
Price
€15.72
GF Value