PPIH vs. EFXT
PPIH (Perma-Pipe International Holdings, Inc.) and EFXT (Enerflex Ltd.) are both stocks. PPIH operates in Building Products & Equipment (Industrials), while EFXT operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, PPIH returned 14.43%/yr vs 13.26%/yr for EFXT. At a 0.08 correlation, their price movements are largely independent.
Performance
PPIH vs. EFXT - Performance Comparison
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Returns By Period
In the year-to-date period, PPIH achieves a -10.08% return, which is significantly lower than EFXT's 59.96% return. Over the past 10 years, PPIH has outperformed EFXT with an annualized return of 14.43%, while EFXT has yielded a comparatively lower 13.26% annualized return.
PPIH
- 1D
- -0.44%
- 1M
- -16.69%
- YTD
- -10.08%
- 6M
- -16.36%
- 1Y
- 22.72%
- 3Y*
- 39.16%
- 5Y*
- 34.08%
- 10Y*
- 14.43%
EFXT
- 1D
- 2.12%
- 1M
- -9.08%
- YTD
- 59.96%
- 6M
- 62.49%
- 1Y
- 219.29%
- 3Y*
- 60.03%
- 5Y*
- 31.15%
- 10Y*
- 13.26%
PPIH vs. EFXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPIH Perma-Pipe International Holdings, Inc. | -10.08% | 103.08% | 88.36% | -16.01% | 8.87% | 42.53% | -35.07% | 7.20% | -2.78% | 11.11% |
EFXT Enerflex Ltd. | 59.96% | 57.04% | 115.79% | -25.13% | 5.83% | 15.59% | -42.16% | -17.32% | -2.49% | -1.70% |
Correlation
The correlation between PPIH and EFXT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.08 |
The correlation between PPIH and EFXT shifts across timeframes, from 0.08 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PPIH:
$225.01M
EFXT:
$3.01B
PPIH:
$1.70
EFXT:
$0.97
PPIH:
16.10
EFXT:
25.49
PPIH:
0.43
EFXT:
2.79
PPIH:
1.04
EFXT:
0.96
PPIH:
2.44
EFXT:
2.63
PPIH:
$214.44M
EFXT:
$3.13B
PPIH:
$67.40M
EFXT:
$689.73M
PPIH:
$30.14M
EFXT:
$321.86M
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Return for Risk
PPIH vs. EFXT — Risk / Return Rank
PPIH
EFXT
PPIH vs. EFXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perma-Pipe International Holdings, Inc. (PPIH) and Enerflex Ltd. (EFXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPIH | EFXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.68 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 13.38 | -12.66 |
| Martin ratioReturn relative to average drawdown | 1.63 | 39.82 | -38.19 |
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Drawdowns
PPIH vs. EFXT - Drawdown Comparison
The maximum PPIH drawdown since its inception was -58.53%, smaller than the maximum EFXT drawdown of -81.64%. Use the drawdown chart below to compare losses from any high point for PPIH and EFXT.
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Drawdown Indicators
| PPIH | EFXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.53% | -81.64% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -31.45% | -16.50% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -45.77% | -51.26% | +5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -58.53% | -56.16% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -58.53% | -79.04% | +20.51% |
Current DrawdownCurrent decline from peak | -22.64% | -13.18% | -9.46% |
Average DrawdownAverage peak-to-trough decline | -20.56% | -38.21% | +17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.96% | 5.53% | +8.43% |
Volatility
PPIH vs. EFXT - Volatility Comparison
Perma-Pipe International Holdings, Inc. (PPIH) has a higher volatility of 26.40% compared to Enerflex Ltd. (EFXT) at 16.01%. This indicates that PPIH's price experiences larger fluctuations and is considered to be riskier than EFXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPIH | EFXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.40% | 16.01% | +10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 40.82% | 35.23% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.17% | 43.34% | +20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.02% | 49.10% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.38% | 48.22% | -0.84% |
Dividends
PPIH vs. EFXT - Dividend Comparison
PPIH has not paid dividends to shareholders, while EFXT's dividend yield for the trailing twelve months is around 0.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFXT Enerflex Ltd. | 0.49% | 0.72% | 0.82% | 1.56% | 1.22% | 1.14% | 2.42% | 3.43% | 2.13% | 2.08% | 2.67% | 3.55% |
PPIH Perma-Pipe International Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PPIH vs. EFXT - Financials Comparison
This section allows you to compare key financial metrics between Perma-Pipe International Holdings, Inc. and Enerflex Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PPIH vs. EFXT - Profitability Comparison
PPIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported a gross profit of 14.64M and revenue of 50.27M. Therefore, the gross margin over that period was 29.1%.
EFXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported a gross profit of 140.03M and revenue of 575.91M. Therefore, the gross margin over that period was 24.3%.
PPIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported an operating income of 4.64M and revenue of 50.27M, resulting in an operating margin of 9.2%.
EFXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported an operating income of 65.09M and revenue of 575.91M, resulting in an operating margin of 11.3%.
PPIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Perma-Pipe International Holdings, Inc. reported a net income of 1.80M and revenue of 50.27M, resulting in a net margin of 3.6%.
EFXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enerflex Ltd. reported a net income of 42.40M and revenue of 575.91M, resulting in a net margin of 7.4%.
Frequently Asked Questions
PPIH and EFXT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPIH has higher volatility (26.40%) compared to EFXT (16.01%). In terms of maximum drawdown, PPIH dropped -58.53% vs EFXT's -81.64%.
EFXT currently has the higher Sharpe Ratio (5.09 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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