Perma-Pipe International price to free cash flow PPIH

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: 17.2×
8-year median: 19.7×
Against its 8-year history: 40th; percentile: 0 is its lowest day, 100 its highest
8-year range: 7.4× to 182×
Peer median: 17.8×

Perma-Pipe International's price to free cash flow is 17.2× as of Oct 23, 2026.

That is below its 8-year median of 19.7×, close to the middle of its last 8 years.

Over that time it ranged from 7.4× in Nov 2020 to 182× in Dec 2018.

The median for 10 industrial machinery stocks of a similar size is 17.8×.

Price to free cash flow over time

median 19.7×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	17.2×	16.8×	62.5×
2025	21.8×	8.8×	49.0×
2024	13.1×	12.3×	38.8×
2023	30.4×	29.6×	39.6×
2022	n/m a value too high to mean anything
2021	45.0×	43.3×	52.0×
2020	43.3×	7.4×	43.3×
2019	11.4×	10.9×	180×
2018	180×	177×	182×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	2.8×	2.5×	3.1×
2014	3.0×	2.7×	21.9×

Against its peers

Companies in Industrial - Machinery nearest Perma-Pipe International's size, closest first, today.

Company	Price to free cash flow
PPIHPerma-Pipe International	17.2×
TWINTwin Disc	38.5×
LYTSLSI Industries	19.4×
GHMGraham	n/m
PSIXPower Solutions International	15.7×
TNCTennant	n/m
ENREnergizer	10.3×
EPACEnerpac Tool	16.3×
SPBSpectrum Brands	6.3×
GRCGorman Rupp	19.4×
HLIOHelios Technologies	20.4×
Peer median	17.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Perma-Pipe International

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.