# Southwest Gas Holdings Inc. Common Stock (DE) (SWX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Gas Utilities. Price $88.06, market value $6.4 billion.

## Valuation
- **P/E (trailing): 22.6×** (5-yr avg 20.6×, 3-yr avg 21.6×). Southwest Gas Holdings Inc. Common Stock (DE) trades at 22.6× trailing earnings, close to its own five-year average of 20.6×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 17.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.15**. A PEG of 0.15 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 15.8×**. Enterprise value is 15.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -7.6%** (5-yr avg -6.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Operating margin: 5.4%**. 5.4% of revenue is left after running the business.
- **Return on equity: 11.1%**. 11.1% on shareholders' equity is solid.
- **Return on invested capital: 3.5%**. Return on all capital, debt included, is 3.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.4%**. Each dollar of assets produces 1.4% of profit.

## Growth
- **EPS growth (1 yr): 120.3%** (5-yr 8.0%/yr). Earnings per share rose 120.3%.

## Financial health
- **Debt to equity: 0.89**. Debt is 0.89 times equity, moderate leverage.
- **Net debt / EBITDA: 5.0×**. It would take 5.0 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.0×**. Operating profit covers interest only 1.0×: fragile.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.93%** ($2.50 per share, trailing). Southwest Gas Holdings Inc. Common Stock (DE) yields 2.93%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 41%**. 41% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 21**. 21 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 1.9%/yr** (1-yr 0.0%). The dividend has grown 1.9% a year over five years.

## Price and momentum
- **Total return (1 yr): 13.9%** (YTD 11.6%, 3-mo -0.7%). The shares are up 13.9% over twelve months including dividends.
- **From 52-week high: -6.8%** (15.0% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): -0.06** (volatility 18%). Beta of -0.06 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SWX · Page: https://foliofundamentals.com/stocks/swx

Not investment advice.