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Southwest Gas HoldingsSWX -1.15%69 Capex-to-Operating-Cash-Flow is 2.19 as of Jun. 2026, which is 48% above its 10-year median of 1.48. GuruFocus rates SWX with a GF Scoreâ„¢ of 69/100 and a GF Valueâ„¢ of $54.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 395 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 92.15% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Southwest Gas Holdings (NYSE:SWX) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Southwest Gas Holdings Capex-to-Operating-Cash-Flow Related Terms
Southwest Gas Holdings Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for Southwest Gas Holdings's Capex-to-Operating-Cash-Flow 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.
Southwest Gas Holdings Capex-to-Operating-Cash-Flow Chart
SWX vs BKH, NJR, OGS: Capex-to-Operating-Cash-Flow Comparison
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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 Capex-to-Operating-Cash-Flow vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Capex-to-Operating-Cash-Flow falls into.
* 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.
What does a Capex-to-Operating-Cash-Flow of 2.19 mean?
Southwest Gas Holdings (SWX) has a Capex-to-Operating-Cash-Flow of 2.19 as of Jun. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Southwest Gas Holdings and its competitors. This is 48% above median its historical median of 1.48. Over the past decade, Southwest Gas Holdings' Capex-to-Operating-Cash-Flow has ranged from 0.62 to 6.43. According to the industry distribution chart, Southwest Gas Holdings ranks #364 out of 395 companies in the Utilities - Regulated industry, placing it in the top 92.2%.
Is Southwest Gas Holdings' Capex-to-Operating-Cash-Flow too high?
Southwest Gas Holdings' current Capex-to-Operating-Cash-Flow of 2.19 is 48% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 6.43. The Utilities - Regulated industry median Capex-to-Operating-Cash-Flow is 0.76. Southwest Gas Holdings' value of 2.19 is 188.2% above this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #364 out of 395 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Southwest Gas Holdings has a GF Scoreâ„¢ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Capex-to-Operating-Cash-Flow compare to BKH and NJR?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #364 out of 395 companies for Capex-to-Operating-Cash-Flow. This places Southwest Gas Holdings in the lower half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.76. Southwest Gas Holdings' value of 2.19 is 188.2% above this benchmark. Historically, Southwest Gas Holdings' own Capex-to-Operating-Cash-Flow has ranged from 0.62 to 6.43 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.76, Southwest Gas Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for an Utilities - Regulated company?
The median Capex-to-Operating-Cash-Flow among Utilities - Regulated companies is 0.76, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Capex-to-Operating-Cash-Flow of 2.19 is 188.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Capex-to-Operating-Cash-Flow is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Capex-to-Operating-Cash-Flow is 2.19, which is 48% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Southwest Gas Holdings (SWX) is currently considered Significantly Overvalued. The stock's GF Value™ is $54.76, compared to a current price of $87.86 — trading 60.4% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 2.19, which is 48% above median its 10-year median of 1.48 and 188.2% above the Utilities - Regulated industry median of 0.76. Southwest Gas Holdings' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Capex-to-Operating-Cash-Flow is 2.19 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southwest Gas Holdings (SWX) Overvalued in 2026?
Based on GuruFocus' analysis, Southwest Gas Holdings stock appears to be overvalued.
The current stock price of $87.86 is trading 60.4% above its estimated GF Value™ of $54.76.
GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.
Key valuation signals for SWX:
Capex-to-Operating-Cash-Flow: 2.19 (48% above median its 10-year median of 1.48)
GF Value™: $54.76 vs. price of $87.86 (60.4% above fair value)
Industry Position: 188.2% above the Utilities - Regulated median (#364 of 395)
No single metric tells the full story. See the SWX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.
69GF Score
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Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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