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Southwest Gas HoldingsSWX +0.93%69 Price-to-Tangible-Book is 1.57 as of Sep. 09, 2026. GuruFocus rates SWX with a GF Score™ of 69/100 and a GF Value™ of $54.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 450 Utilities - Regulated companies, Southwest Gas Holdings ranks better than 54.44% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Southwest Gas Holdings Price-to-Tangible-Book Related Terms
Southwest Gas Holdings Price-to-Tangible-Book Historical Data
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The historical data trend for Southwest Gas Holdings's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart
SWX vs BKH, NJR, OGS: Price-to-Tangible-Book Comparison
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Southwest Gas Holdings (SWX) has a Price-to-Tangible-Book of 1.57 as of Sep. 09, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Southwest Gas Holdings and its competitors. According to the industry distribution chart, Southwest Gas Holdings ranks #205 out of 450 companies in the Utilities - Regulated industry, placing it in the top 45.6%.
Is Southwest Gas Holdings' Price-to-Tangible-Book too high?
Southwest Gas Holdings' current Price-to-Tangible-Book is 1.57. The Utilities - Regulated industry median Price-to-Tangible-Book is 1.73. Southwest Gas Holdings' value of 1.57 is 9% below this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #205 out of 450 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Southwest Gas Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Price-to-Tangible-Book compare to BKH and NJR?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #205 out of 450 companies for Price-to-Tangible-Book. This puts Southwest Gas Holdings in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.73. Southwest Gas Holdings' value of 1.57 is 9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Utilities - Regulated company?
The median Price-to-Tangible-Book among Utilities - Regulated companies is 1.73, based on 450 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Price-to-Tangible-Book of 1.57 is 9% below 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Price-to-Tangible-Book is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Price-to-Tangible-Book is 1.57. 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 $54.76, compared to a current price of $88.88 — trading 62.3% above its estimated fair value. The current Price-to-Tangible-Book is 1.57 and 9% below the Utilities - Regulated industry median of 1.73. Southwest Gas Holdings' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Price-to-Tangible-Book is 1.57 as of Sep. 09, 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 $88.88 is trading 62.3% above its estimated GF Value™ of $54.76.
GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.
Key valuation signals for SWX:
Price-to-Tangible-Book: 1.57
GF Value™: $54.76 vs. price of $88.88 (62.3% above fair value)
Industry Position: 9% below the Utilities - Regulated median (#205 of 450)
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.
69GF Score
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