Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price31.63 USD
Fair value29.50
Ethical score70.0/100
Our investment reviews on this name
2026-09-10Read Markdown31.30+1.1% to today
2026-07-02Read Markup35.47-10.8% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Perimeter Solutions, Inc. holds its Accumulation at $31.63. Consolidating, no directional conviction, held for 13 days.
As held on the ledger · 2026-09-21
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 13 days
Price at the screen
$31.63
Valuation
N/A trailing · 17.25 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.90
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
26.65%
Below 33%
Interest-bearing debt is just 26.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
14.71%
Below 49%
Money owed to the company is 14.7% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-21 screen. The gold marker is the market price at the same screen. The price runs 6.7% above the base estimate.
Third-party analyst targets: 4 covering, consensus None. The average target sits +38% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-21 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Wildfire boom hides a classic cyclical trap
Picture a wildfire season that doubles orders overnight. Perimeter Solutions rides that surge with 74% revenue growth, yet still posts a 27% negative profit margin and negative 16% return on equity. The forward multiple of 18.2 times earnings sits above our fair value, and the cyclical nature of firefighting demand makes the headline number look more like peak earnings than a bargain.
We pass because the business shows no durable edge and the numbers already signal the trap. Revenue can vanish as fast as it appears when seasons calm or budgets tighten, leaving a thin margin structure exposed. Analyst targets sit higher, yet the gap between price and our calculated value leaves no margin of safety.
Currency swings and commodity costs add further volatility on top of the ethical pass. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
PRM trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-10Markdown · changed$31.30-16.2%Entry 5
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 16.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 154%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (2 analysts) rates it none, with a mean price target of $37.
2026-08-09Markup$37.35+5.3%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 5.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 154%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (2 analysts) rates it none, with a mean price target of $37.
2026-07-18Markup$35.47+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 154%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (2 analysts) rates it none, with a mean price target of $37.
2026-07-03Markup$35.47+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$35.47Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
