EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Southwest Gas Holdings's Enterprise Value is $9,605 Mil.
Southwest Gas Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-427 Mil. Therefore, Southwest Gas Holdings's EV-to-FCF for today is -22.52.
The historical rank and industry rank for Southwest Gas Holdings's EV-to-FCF or its related term are showing as below:
SWX'
s EV-to-FCF Range Over the Past 10 Years
Min: -89.87 Med: -20.72 Max: 92.92
Current: -22.52
During the past 13 years, the highest EV-to-FCF of Southwest Gas Holdings was 92.92. The lowest was -89.87. And the median was -20.72.
SWX's EV-to-FCF is ranked worse than 100% of 295
companies
in the Utilities - Regulated industry
Industry Median: 18.32
vs SWX: -22.52
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $90.93.
Southwest Gas Holdings's Earnings per Share (Diluted) 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 $6.900.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's EV-to-FCF falls into.
Southwest Gas Holdings's current Enterprise Value is $9,605 Mil.
Southwest Gas Holdings'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 $-427 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-FCF of -22.52 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Southwest Gas Holdings and its competitors. According to the industry distribution chart, Southwest Gas Holdings ranks #999999 out of 295 companies in the Utilities - Regulated industry.
Is Southwest Gas Holdings' EV-to-FCF too high?
Southwest Gas Holdings' current EV-to-FCF is -22.52. Based on the distribution chart, Southwest Gas Holdings ranks #999999 out of 295 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Southwest Gas Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' EV-to-FCF compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #999999 out of 295 companies for EV-to-FCF. This places Southwest Gas Holdings in the lower half of its industry. The industry median EV-to-FCF is 18.32. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.32, based on 295 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current EV-to-FCF is -22.52. 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 $66.87, compared to a current price of $90.93 — trading 36% above its estimated fair value. The current EV-to-FCF is -22.52. Southwest Gas Holdings' overall GF Score™ is 70/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current EV-to-FCF is -22.52 as of Jun. 27, 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 $90.93 is trading 36% above its estimated GF Value™ of $66.87.
GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.
Key valuation signals for SWX:
EV-to-FCF: -22.52
GF Value™: $66.87 vs. price of $90.93 (36% above fair value)
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.
70GF Score
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