Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Southwest Airlines Co's Enterprise Value is €24,577 Mil.
Southwest Airlines Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,000 Mil. Therefore, Southwest Airlines Co's EV-to-EBIT ratio for today is 24.58.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Southwest Airlines Co's Enterprise Value is €24,577 Mil.
Southwest Airlines Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €2,343 Mil. Therefore, Southwest Airlines Co's EV-to-EBITDA ratio for today is 10.49.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Southwest Airlines Co (FRA:SWN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Southwest Airlines Co's current Enterprise Value is €24,577 Mil.
Southwest Airlines Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,000 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Southwest Airlines Co's EV-to-EBITDA for today is:
Southwest Airlines Co's current Enterprise Value is €24,577 Mil.
Southwest Airlines Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,343 Mil.
Southwest Airlines Co's current Enterprise Value is €24,577 Mil.
Southwest Airlines Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €24,827 Mil.
Southwest Airlines Co's current Enterprise Value is €24,577 Mil.
Southwest Airlines Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,071 Mil.
Southwest Airlines Co's current Enterprise Value is €24,577 Mil.
Southwest Airlines Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-336 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 Airlines Co Enterprise Value Related Terms
Southwest Airlines Co Enterprise Value Historical Data
* Premium members only.
The historical data trend for Southwest Airlines Co's Enterprise Value 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.
FRA:SWN vs AAL, CPA, ALK: Enterprise Value Comparison
For the Airlines subindustry, Southwest Airlines Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Airlines Co Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Southwest Airlines Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Southwest Airlines Co's Enterprise Value falls into.
Southwest Airlines Co Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Southwest Airlines Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Airlines Co (FRA:SWN) has a Enterprise Value of €24,577 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Southwest Airlines Co and its competitors.
Is Southwest Airlines Co's Enterprise Value too high?
Southwest Airlines Co's current Enterprise Value is €24,577 Mil. Overall, Southwest Airlines Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Airlines Co's Enterprise Value compare to AAL and CPA?
Southwest Airlines Co's Enterprise Value of €24,577 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Southwest Airlines Co and its competitors. Southwest Airlines Co's current Enterprise Value is €24,577 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Southwest Airlines Co (FRA:SWN) is currently considered Modestly Overvalued. The stock's GF Value™ is €35.02, compared to a current price of €43.27 — trading 23.6% above its estimated fair value. The current Enterprise Value is €24,577 Mil. Southwest Airlines Co's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Southwest Airlines Co (FRA:SWN), the current Enterprise Value is €24,577 Mil as of Jun. 25, 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 Airlines Co (FRA:SWN) Overvalued in 2026?
Based on GuruFocus' analysis, Southwest Airlines Co stock appears to be overvalued.
The current stock price of €43.27 is trading 23.6% above its estimated GF Value™ of €35.02.
GuruFocus considers Southwest Airlines Co to be Modestly Overvalued.
Key valuation signals for FRA:SWN:
Enterprise Value: €24,577 Mil
GF Value™: €35.02 vs. price of €43.27 (23.6% above fair value)
No single metric tells the full story. See the FRA:SWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated with a simple cabin configuration in a point-to-point network. In early 2026, Southwest modified its cabins to offer some rows with extra legroom, its ticketing process and merchandising to offer assigned seats, and more fare categories to include a basic economy class that appears for the first time in travel aggregators' search results and more directly competes with other airlines' offerings.
82GF Score
Get the complete analysis for FRA:SWN
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:SWN has been successfully added to your 
