NPKI vs PPIH

NPK International Inc. vs Perma-Pipe International Holdin — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — PPIH scores higher on quality with 8.9/10 vs NPKI's 8.0/10. NPKI trades at $14.59 while PPIH trades at $32.62. Both analyzed daily using SEC EDGAR data across 13 institutional models.

NPKI

Building Products & Equipment
NPK International Inc.
Quality
8.0
out of 10
Value Trap
19
SAFE
Price
$14.59
Last close
Models
13/13
Active
VS

PPIH

Building Products & Equipment
Perma-Pipe International Holdin
Quality
8.9
out of 10
Value Trap
24
SAFE
Price
$32.62
Last close
Models
12/13
Active
NPKI
2 models active
Limited to 2/13 visible models
PPIH
Quality Score 8.9/10 — top tier
Limited to 2/13 visible models

NPKI vs PPIH — Fair Value Comparison

NPKI
$0$6$11$17 Price$14.59 Bayesian …$3.29 (-77.5%) Earnings …$1.96 (-86.5%)
PPIH
$0$13$26$38 Price$32.62 Bayesian …$2.02 (-93.5%) Earnings …$11.21 (-65.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType NPKI Fair ValueNPKI Upside PPIH Fair ValuePPIH Upside
Bayesian DCF Intrinsic $3.29 -77.5% $2.02 -93.5%
Earnings Power Value Intrinsic $1.96 -86.5% $11.21 -65.6%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

NPKI vs PPIH — Which Stock Is More Undervalued in 2026?

PPIH scores higher with a 8.9/10 quality rating vs NPKI's 8.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do NPKI and PPIH Valuations Compare?

At $14.59, NPKI trades +77.5% above its Bayesian DCF fair value of $3.29, while PPIH at $32.62 trades +93.5% above its estimate of $2.02. PPIH shows a wider gap between price and intrinsic value.

Quality of Company: NPKI vs PPIH

NPKI earns a Quality of Company score of 8.0/10 compared to PPIH's 8.9/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: NPKI vs PPIH

NPKI carries a SAFE value trap risk (19/100) while PPIH shows SAFE risk (24/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Building Products & Equipment

Both NPKI and PPIH operate in Building Products & Equipment, which has 36 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

2 of 13 MODELS UNLOCKED

You’re comparing 2 models. 11 more have an opinion.

11 hidden models compare NPKI vs PPIH differently — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more. Some may disagree with the 2 you see above.

11 additional fair values per stock Full confidence breakdown Live terminal — 5,000+ stocks

Bloomberg Terminal: ~$2,000/mo  ·  FactSet: ~$1,000/mo  ·  CirclFi: $0.90/day

See All 13 Models — $0.90/day

We don’t predict prices. We show you what 13 independent mathematical frameworks say a stock is worth — and let you decide.