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Southwest Gas HoldingsSWX -1.40%63 EV-to-Revenue is 5.38 as of Sep. 21, 2026, which is 135% above its 10-year median of 2.29. GuruFocus rates SWX with a GF Score™ of 63/100 and a GF Value™ of $43.91 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 501 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 82.44% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Southwest Gas Holdings's enterprise value is $9,372 Mil.
Southwest Gas Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $1,741 Mil. Therefore, Southwest Gas Holdings's EV-to-Revenue for today is 5.38.
The historical rank and industry rank for Southwest Gas Holdings's EV-to-Revenue or its related term are showing as below:
SWX'
s EV-to-Revenue Range Over the Past 10 Years
Min: 1.69 Med: 2.29 Max: 6.56
Current: 5.38
During the past 13 years, the highest EV-to-Revenue of Southwest Gas Holdings was 6.56. The lowest was 1.69. And the median was 2.29.
SWX's EV-to-Revenue is ranked worse than 82.44% of 501
companies
in the Utilities - Regulated industry
Industry Median: 2.54
vs SWX: 5.38
Southwest Gas Holdings's share price for today is $84.65.
Southwest Gas Holdings's Revenue per Share 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 $24.00.
* 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 EV-to-Revenue Related Terms
Southwest Gas Holdings EV-to-Revenue Historical Data
* 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-Revenue, along with its competitors' market caps and EV-to-Revenue 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-Revenue vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's EV-to-Revenue falls into.
Southwest Gas Holdings's current Enterprise Value is $9,372 Mil.
Southwest Gas Holdings's Revenue 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 $1,741 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-Revenue of 5.38 as of Sep. 21, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Southwest Gas Holdings and its competitors. This is 135% above median its historical median of 2.29. Over the past decade, Southwest Gas Holdings' EV-to-Revenue has ranged from 1.69 to 6.56. According to the industry distribution chart, Southwest Gas Holdings ranks #413 out of 501 companies in the Utilities - Regulated industry, placing it in the top 82.4%.
Is Southwest Gas Holdings' EV-to-Revenue too high?
Southwest Gas Holdings' current EV-to-Revenue of 5.38 is 135% above median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 6.56. The Utilities - Regulated industry median EV-to-Revenue is 2.54. Southwest Gas Holdings' value of 5.38 is 111.8% above this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #413 out of 501 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Southwest Gas Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' EV-to-Revenue compare to BKH and NJR?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #413 out of 501 companies for EV-to-Revenue. This places Southwest Gas Holdings in the lower half of its industry. The industry median EV-to-Revenue is 2.54. Southwest Gas Holdings' value of 5.38 is 111.8% above this benchmark. Historically, Southwest Gas Holdings' own EV-to-Revenue has ranged from 1.69 to 6.56 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 2.54, 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-Revenue for an Utilities - Regulated company?
The median EV-to-Revenue among Utilities - Regulated companies is 2.54, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current EV-to-Revenue of 5.38 is 111.8% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median EV-to-Revenue is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current EV-to-Revenue is 5.38, which is 135% above median its own 10-year median of 2.29. 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 $43.91, compared to a current price of $84.65 — trading 92.8% above its estimated fair value. The current EV-to-Revenue is 5.38, which is 135% above median its 10-year median of 2.29 and 111.8% above the Utilities - Regulated industry median of 2.54. Southwest Gas Holdings' overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current EV-to-Revenue is 5.38 as of Sep. 21, 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 $84.65 is trading 92.8% above its estimated GF Value™ of $43.91.
GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.
Key valuation signals for SWX:
EV-to-Revenue: 5.38 (135% above median its 10-year median of 2.29)
GF Value™: $43.91 vs. price of $84.65 (92.8% above fair value)
Industry Position: 111.8% above the Utilities - Regulated median (#413 of 501)
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.
63GF Score
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