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Southwest Gas HoldingsSWX -0.34%65 EV-to-OCF is 22.19 as of Aug. 08, 2026, which is 63% above its 10-year median of 13.58. 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 507 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 86.59% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Southwest Gas Holdings's Enterprise Value is $9,911 Mil.
Southwest Gas Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $447 Mil. Therefore, Southwest Gas Holdings's EV-to-OCF for today is 22.19.
The historical rank and industry rank for Southwest Gas Holdings's EV-to-OCF or its related term are showing as below:
SWX'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.63 Med: 13.58 Max: 271.19
Current: 22.19
During the past 13 years, the highest EV-to-OCF of Southwest Gas Holdings was 271.19. The lowest was 6.63. And the median was 13.58.
SWX's EV-to-OCF is ranked worse than 86.59% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.82
vs SWX: 22.19
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Southwest Gas Holdings (NYSE:SWX) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Southwest Gas Holdings's PE Ratio (TTM) for today is calculated as:
Southwest Gas Holdings's share price for today is $92.09.
Southwest Gas Holdings's Earnings per Share (Diluted) 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 $7.660.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's EV-to-OCF falls into.
Southwest Gas Holdings's current Enterprise Value is $9,911 Mil.
Southwest Gas Holdings's Cash Flow from Operations 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 $447 Mil.
* 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 (SWX) has a EV-to-OCF of 22.19 as of Aug. 08, 2026. This is 63% above median its historical median of 13.58. Over the past decade, Southwest Gas Holdings' EV-to-OCF has ranged from 6.63 to 271.19. According to the industry distribution chart, Southwest Gas Holdings ranks #439 out of 507 companies in the Utilities - Regulated industry, placing it in the top 86.6%.
Is Southwest Gas Holdings' EV-to-OCF too high?
Southwest Gas Holdings' current EV-to-OCF of 22.19 is 63% above median its 10-year median of 13.58. Over the past 10 years, this metric has ranged from a low of 6.63 to a high of 271.19. The Utilities - Regulated industry median EV-to-OCF is 10.82. Southwest Gas Holdings' value of 22.19 is 105.1% above this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #439 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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' EV-to-OCF compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #439 out of 507 companies for EV-to-OCF. This places Southwest Gas Holdings in the lower half of its industry. The industry median EV-to-OCF is 10.82. Southwest Gas Holdings' value of 22.19 is 105.1% above this benchmark. Historically, Southwest Gas Holdings' own EV-to-OCF has ranged from 6.63 to 271.19 over the past decade. While the company's 10-year median is 13.58 vs. the industry median of 10.82, 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 EV-to-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.82, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current EV-to-OCF of 22.19 is 105.1% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current EV-to-OCF is 22.19, which is 63% above median its own 10-year median of 13.58. 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 EV-to-OCF is 22.19, which is 63% above median its 10-year median of 13.58 and 105.1% above the Utilities - Regulated industry median of 10.82. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current EV-to-OCF is 22.19 as of Aug. 08, 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:
EV-to-OCF: 22.19 (63% above median its 10-year median of 13.58)
GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
Industry Position: 105.1% above the Utilities - Regulated median (#439 of 507)
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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