SWX (Southwest Gas Holdings) Construction In Progress: $360 Mil (As of Jun. 2026)

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SWX Southwest Gas Holdings Inc SWX
65 GF Score
Price $92.09
GF Value $53.66
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Southwest Gas Holdings Construction In Progress?

Southwest Gas Holdings SWX -0.34% 65 Construction In Progress is $360 Mil as of Jun. 2026. GuruFocus rates SWX with a GF Score™ of 65/100 and a GF Value™ of $53.66 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Southwest Gas Holdings's quarterly construction in progress increased from Dec. 2025 ($237 Mil) to Mar. 2026 ($260 Mil) and increased from Mar. 2026 ($260 Mil) to Jun. 2026 ($360 Mil).

Southwest Gas Holdings's annual construction in progress declined from Dec. 2023 ($201 Mil) to Dec. 2024 ($179 Mil) but then increased from Dec. 2024 ($179 Mil) to Dec. 2025 ($237 Mil).

Southwest Gas Holdings Construction In Progress Historical Data

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The historical data trend for Southwest Gas Holdings's Construction In Progress 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 Construction In Progress Chart

Southwest Gas Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 202.07 244.75 200.55 178.65 236.87

Southwest Gas Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 201.17 231.10 236.87 259.87 360.20
SWX
65GF Score
Southwest Gas Holdings Inc SWX
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Southwest Gas Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $360 Mil mean?
Southwest Gas Holdings (SWX) has a Construction In Progress of $360 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Southwest Gas Holdings and its competitors.
Is Southwest Gas Holdings' Construction In Progress too high?
Southwest Gas Holdings' current Construction In Progress is $360 Mil. Overall, Southwest Gas Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Construction In Progress compare to NJR and BKH?
Southwest Gas Holdings' Construction In Progress of $360 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Southwest Gas Holdings and its competitors. Southwest Gas Holdings's current Construction In Progress is $360 Mil. 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 $53.66, compared to a current price of $92.09 — trading 71.6% above its estimated fair value. The current Construction In Progress is $360 Mil. Southwest Gas Holdings' overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Construction In Progress is $360 Mil 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 $92.09 is trading 71.6% above its estimated GF Value™ of $53.66. GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.

Key valuation signals for SWX:

  • Construction In Progress: $360 Mil
  • GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
  • GF Score™: 65/100 with 9 warning signs

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 Business Description

Address 8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89113
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.
65GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$92.09
Price
$53.66
GF Value