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Southwest Gas HoldingsSWX -0.34%65 Earnings Yield (Joel Greenblatt) % is 5.73% as of Jun. 2026, which is 7% above its 10-year median of 5.37. 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. Among 510 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 60.98% on this metric.
Southwest Gas Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was $9,683 Mil.
Southwest Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $554 Mil. Southwest Gas Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.73%.
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: 5.37 Max: 6.78
Current: 5.59
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Southwest Gas Holdings was 6.78%. The lowest was -0.52%. And the median was 5.37%.
SWX's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.98% of 510
companies
in the Utilities - Regulated industry
Industry Median: 6.55
vs SWX: 5.59
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 Jun. 2026 was -3.51%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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 (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
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Historical Data
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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.
Southwest Gas Holdings Earnings Yield (Joel Greenblatt) % Chart
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) % vs Utilities - Regulated Industry
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. 2025 is calculated as
Southwest Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $554 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.73% mean?
Southwest Gas Holdings (SWX) has a Earnings Yield (Joel Greenblatt) % of 5.73% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Southwest Gas Holdings and its competitors. This is near median its historical median of 5.37. According to the industry distribution chart, Southwest Gas Holdings ranks #311 out of 510 companies in the Utilities - Regulated industry, placing it in the top 61%.
Is Southwest Gas Holdings' Earnings Yield (Joel Greenblatt) % too high?
Southwest Gas Holdings' current Earnings Yield (Joel Greenblatt) % of 5.73% is near median its 10-year median of 5.37. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.55. Southwest Gas Holdings' value of 5.73% is 12.5% below this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #311 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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' Earnings Yield (Joel Greenblatt) % compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #311 out of 510 companies for Earnings Yield (Joel Greenblatt) %. This places Southwest Gas Holdings in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.55. Southwest Gas Holdings' value of 5.73% is 12.5% below this benchmark. While the company's 10-year median is 5.37 vs. the industry median of 6.55, Southwest Gas Holdings has consistently been below 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 Earnings Yield (Joel Greenblatt) % for an Utilities - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.55, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Earnings Yield (Joel Greenblatt) % of 5.73% is 12.5% below 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Earnings Yield (Joel Greenblatt) % is 5.73%, which is near median its own 10-year median of 5.37. 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 Earnings Yield (Joel Greenblatt) % is 5.73%, which is near median its 10-year median of 5.37 and 12.5% below the Utilities - Regulated industry median of 6.55. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Earnings Yield (Joel Greenblatt) % is 5.73% 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:
Earnings Yield (Joel Greenblatt) %: 5.73% (near median its 10-year median of 5.37)
GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
Industry Position: 12.5% below the Utilities - Regulated median (#311 of 510)
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.
65GF Score
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