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Southwest Gas HoldingsSWX -0.34%65 Shiller PE Ratio is 23.61 as of Aug. 08, 2026, which is 8% above its 10-year median of 21.85. 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 398 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 73.12% on this metric.
The historical rank and industry rank for Southwest Gas Holdings's Shiller PE Ratio or its related term are showing as below:
SWX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.2 Med: 21.85 Max: 32.31
Current: 23.6
During the past years, Southwest Gas Holdings's highest Shiller PE Ratio was 32.31. The lowest was 15.20. And the median was 21.85.
SWX's Shiller PE Ratio is ranked worse than 73.12% of 398
companies
in the Utilities - Regulated industry
Industry Median: 16.87
vs SWX: 23.60
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Southwest Gas Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.90 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Southwest Gas Holdings (NYSE:SWX) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Southwest Gas Holdings Shiller PE Ratio Related Terms
Southwest Gas Holdings Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Southwest Gas Holdings's Shiller PE Ratio 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.
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Shiller PE Ratio falls into.
Southwest Gas Holdings Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Southwest Gas Holdings (SWX) has a Shiller PE Ratio of 23.61 as of Aug. 08, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Southwest Gas Holdings and its competitors. This is near median its historical median of 21.85. Over the past decade, Southwest Gas Holdings' Shiller PE Ratio has ranged from 15.20 to 32.31. According to the industry distribution chart, Southwest Gas Holdings ranks #291 out of 398 companies in the Utilities - Regulated industry, placing it in the top 73.1%.
Is Southwest Gas Holdings' Shiller PE Ratio too high?
Southwest Gas Holdings' current Shiller PE Ratio of 23.61 is near median its 10-year median of 21.85. Over the past 10 years, this metric has ranged from a low of 15.20 to a high of 32.31. The Utilities - Regulated industry median Shiller PE Ratio is 16.87. Southwest Gas Holdings' value of 23.61 is 40% above this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #291 out of 398 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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' Shiller PE Ratio compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #291 out of 398 companies for Shiller PE Ratio. This places Southwest Gas Holdings in the lower half of its industry. The industry median Shiller PE Ratio is 16.87. Southwest Gas Holdings' value of 23.61 is 40% above this benchmark. Historically, Southwest Gas Holdings' own Shiller PE Ratio has ranged from 15.20 to 32.31 over the past decade. While the company's 10-year median is 21.85 vs. the industry median of 16.87, 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 Shiller PE Ratio for an Utilities - Regulated company?
The median Shiller PE Ratio among Utilities - Regulated companies is 16.87, based on 398 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Shiller PE Ratio of 23.61 is 40% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Shiller PE Ratio is 16.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Shiller PE Ratio is 23.61, which is near median its own 10-year median of 21.85. 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 Shiller PE Ratio is 23.61, which is near median its 10-year median of 21.85 and 40% above the Utilities - Regulated industry median of 16.87. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Shiller PE Ratio is 23.61 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:
Shiller PE Ratio: 23.61 (near median its 10-year median of 21.85)
GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
Industry Position: 40% above the Utilities - Regulated median (#291 of 398)
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
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