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Southwest Gas HoldingsSWX -0.34%65 Intrinsic Value: Projected FCF is $13.21 as of Aug. 08, 2026, which is 154% above its 10-year median of 5.20. 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 380 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 91.58% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Southwest Gas Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:
SWX'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.7 Med: 5.2 Max: 121.34
Current: 6.97
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Southwest Gas Holdings was 121.34. The lowest was 2.70. And the median was 5.20.
SWX's Price-to-Projected-FCF is ranked worse than 91.58% of 380
companies
in the Utilities - Regulated industry
Industry Median: 1.05
vs SWX: 6.97
Southwest Gas Holdings (NYSE:SWX) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Southwest Gas Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
92.09
/
13.21221497212
=
6.97
* 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 Intrinsic Value: Projected FCF Related Terms
Southwest Gas Holdings Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Southwest Gas Holdings's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart
SWX vs NJR, BKH, UGI: Intrinsic Value: Projected FCF Comparison
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Price-to-Projected-FCF falls into.
Southwest Gas Holdings Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $13.21 mean?
Southwest Gas Holdings (SWX) has a Intrinsic Value: Projected FCF of $13.21 as of Aug. 08, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Southwest Gas Holdings and its competitors. This is 154% above median its historical median of 5.20. Over the past decade, Southwest Gas Holdings' Intrinsic Value: Projected FCF has ranged from 2.70 to 121.34. According to the industry distribution chart, Southwest Gas Holdings ranks #348 out of 380 companies in the Utilities - Regulated industry, placing it in the top 91.6%.
Is Southwest Gas Holdings' Intrinsic Value: Projected FCF too high?
Southwest Gas Holdings' current Intrinsic Value: Projected FCF of $13.21 is 154% above median its 10-year median of 5.20. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 121.34. The Utilities - Regulated industry median Intrinsic Value: Projected FCF is 1.05. Southwest Gas Holdings' value of $13.21 is 1158.1% above this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #348 out of 380 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' Intrinsic Value: Projected FCF compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #348 out of 380 companies for Intrinsic Value: Projected FCF. This places Southwest Gas Holdings in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.05. Southwest Gas Holdings' value of $13.21 is 1158.1% above this benchmark. Historically, Southwest Gas Holdings' own Intrinsic Value: Projected FCF has ranged from 2.70 to 121.34 over the past decade. While the company's 10-year median is 5.20 vs. the industry median of 1.05, 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 Intrinsic Value: Projected FCF for an Utilities - Regulated company?
The median Intrinsic Value: Projected FCF among Utilities - Regulated companies is 1.05, based on 380 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Intrinsic Value: Projected FCF of $13.21 is 1158.1% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Intrinsic Value: Projected FCF is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Intrinsic Value: Projected FCF is $13.21, which is 154% above median its own 10-year median of 5.20. 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 Intrinsic Value: Projected FCF is $13.21, which is 154% above median its 10-year median of 5.20 and 1158.1% above the Utilities - Regulated industry median of 1.05. 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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Intrinsic Value: Projected FCF is $13.21 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:
Intrinsic Value: Projected FCF: $13.21 (154% above median its 10-year median of 5.20)
GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
Industry Position: 1158.1% above the Utilities - Regulated median (#348 of 380)
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
Get the complete analysis for SWX
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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