Southwest Gas Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $9,813 Mil.
Southwest Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $490 Mil. Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.99%.
The historical rank and industry rank for Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SWX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.52 Med: 5.83 Max: 8.66
Current: 4.67
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Southwest Gas Holdings was 8.66%. The lowest was -0.52%. And the median was 5.83%.
SWX's Earnings Yield (Joel Greenblatt) % is ranked worse than 70.04% of 524
companies
in the Utilities - Regulated industry
Industry Median: 7.01
vs SWX: 4.67
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Southwest Gas Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -21.66%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % 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.
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Distribution
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Southwest Gas Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Southwest Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $490 Mil.
Southwest Gas Holdings (NYSE:SWX) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Southwest Gas Holdings (Southwest Gas Holdings) Business Description
Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SWX has been successfully added to your 