SWX Share Price | Southwest Gas Holdings, Inc. Stock Analysis & Recommendation

Q: What does Southwest Gas Holdings, Inc. do?

Overview:Southwest Gas Holdings, Inc. is engaged in the business of purchasing, distributing, and transporting natural gas, operating in the gas industry within the small-cap market.Financial Snapshot:- Most recent Net Sales: 1,296 Million (Quarterly Results - Mar 2025)- Most recent Net Profit: 109 Million (Quarterly Results - Mar 2025)- Market-cap: USD 5,305.00 Million (Small Cap)Key Metrics:- P/E: 23.00- Dividend Yield: 3.34%- Debt Equity: 1.30- Return on Equity: 6.33%- Price to Book: 1.48Contact Details:- Address: C/O SOUTHWEST GAS CORPORATION, 8360 S. DURANGO DRIVE LAS VEGAS NV : 89113- Tel: 1 702 8767237- Website: https://www.swgasholdings.com/

Q: Is Southwest Gas Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Southwest Gas Holdings, Inc. has moved from expensive to very expensive. This suggests that the company is overvalued, particularly when compared to its peers. Key ratios include a P/E ratio of 23, a Price to Book Value of 1.43, and an EV to EBITDA of 10.02, which indicate a premium valuation relative to the industry.In comparison to its peers, Southwest Gas Holdings has a significantly higher P/E ratio than New Jersey Resources Corp. at 11.53 and ONE Gas, Inc. at 18.05, both of which are more attractively valued. Additionally, the company's ROCE of 6.40% and ROE of 6.33% do not justify its elevated valuation metrics. Over the past year, the stock has returned 4.59%, underperforming the S&P 500's return of 14.08%, reinforcing the notion that the stock is overvalued.

Q: Is Southwest Gas Holdings, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Southwest Gas Holdings, Inc. has changed from mildly bullish to bullish. The key indicators driving this bullish stance include a bullish MACD on both weekly and monthly time frames, bullish Bollinger Bands, and a bullish daily moving average. However, the KST shows a mildly bearish signal on both weekly and monthly time frames, and the OBV is mildly bullish weekly but mildly bearish monthly. The stock has outperformed the S&P 500 over the past week and month, with returns of 4.58% and 3.35% respectively, while the S&P 500 returned 1.92% and 2.32%. Overall, the current technical stance is bullish, reflecting a strengthening trend.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

167.96 k

Shareholding (Dec 2025)

FII

5.49%

Held by 138 FIIs

DII

37.7%

Held by 57 DIIs

Promoter

8.36%

How big is Southwest Gas Holdings, Inc.?

22-Jun-2025

As of Jun 18, Southwest Gas Holdings, Inc. has a market capitalization of $5.3 billion, with net sales of $4.83 billion and a net profit of $226.46 million for the latest four quarters. Shareholder's funds are $3.50 billion, and total assets amount to $12.02 billion.

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What does Southwest Gas Holdings, Inc. do?

22-Jun-2025

Southwest Gas Holdings, Inc. purchases, distributes, and transports natural gas, operating in the small-cap market with a recent net sales of $1.296 billion and a market cap of $5.305 billion. Key metrics include a P/E ratio of 23.00 and a dividend yield of 3.34%.

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Who are in the management team of Southwest Gas Holdings, Inc.?

22-Jun-2025

As of March 2022, the management team of Southwest Gas Holdings, Inc. includes Independent Chairman Mr. Michael Melarkey, President and CEO Mr. John Hester, and six independent directors: Mr. Robert Boughner, Mr. Jose Cardenas, Mr. Stephen Comer, Ms. Jane Lewis-Raymond, and Ms. Anne Mariucci. This team provides governance and strategic direction for the company.

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Is Southwest Gas Holdings, Inc. overvalued or undervalued?

21-Oct-2025

As of October 17, 2025, Southwest Gas Holdings, Inc. is considered very expensive and overvalued compared to peers, with a P/E ratio of 23, underperforming the S&P 500, and lower ROCE and ROE that do not justify its premium valuation.

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Is Southwest Gas Holdings, Inc. technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, Southwest Gas Holdings, Inc. has a bullish technical trend, supported by positive MACD and Bollinger Bands, despite some mixed signals from KST and OBV, and it has outperformed the S&P 500 recently.

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Compare Southwest Gas Holdings, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor long term growth as Operating profit has grown by an annual rate 6.53% of over the last 5 years

INVENTORY TURNOVER RATIO(HY) Lowest at 47.68 times
PRE-TAX PROFIT(Q) At USD 42.27 MM has Fallen at -38.19%
NET PROFIT(Q) Lowest at USD -12.88 MM

With ROCE of 6.40%, it has a expensive valuation with a 1.19 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Industry

Gas

Market cap

USD 6,380 Million (Small Cap)

P/E

32.00

Industry P/E

Dividend Yield

2.78%

Debt Equity

0.69

Return on Equity

5.03%

Price to Book

1.62

Revenue and Profits:

Net Sales:

481 Million

(Quarterly Results - Dec 2025)

Net Profit:

70 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

5.21%

6 Months

9.14%

1 Year

14.52%

2 Years

23.26%

3 Years

42.94%

4 Years

9.68%

5 Years

28.46%

Southwest Gas Holdings, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

4.37%

EBIT Growth (5y)

4.70%

EBIT to Interest (avg)

2.35

Debt to EBITDA (avg)

5.38

Net Debt to Equity (avg)

1.30

Sales to Capital Employed (avg)

0.57

Tax Ratio

17.20%

Dividend Payout Ratio

89.85%

Pledged Shares

Institutional Holding

97.37%

ROCE (avg)

5.83%

ROE (avg)

7.08%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.62

EV to EBIT

17.73

EV to EBITDA

9.69

EV to Capital Employed

1.37

EV to Sales

2.27

PEG Ratio

2.23

Dividend Yield

2.78%

ROCE (Latest)

7.72%

ROE (Latest)

5.03%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 93 Schemes (48.41%)

Foreign Institutions

Held by 138 Foreign Institutions (5.49%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val1": "46.30",
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          "val2": "0.00",
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          "val1": "804.60",
          "val2": "709.60",
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          "val1": "203.10",
          "val2": "206.50",
          "chgp": "-1.65%",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

480.70

316.90

51.69%

Operating Profit (PBDIT) excl Other Income

247.70

116.10

113.35%

Interest

46.30

49.00

-5.51%

Exceptional Items

0.00

Consolidate Net Profit

69.80

4.20

1,561.90%

Operating Profit Margin (Excl OI)

330.00%

116.80%

21.32%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 51.69% vs -71.72% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 1,561.90% vs 140.78% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1,940.40

2,475.20

-21.61%

Operating Profit (PBDIT) excl Other Income

804.60

709.60

13.39%

Interest

203.10

206.50

-1.65%

Exceptional Items

0.00

Consolidate Net Profit

234.80

221.00

6.24%

Operating Profit Margin (Excl OI)

244.20%

164.20%

8.00%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is -21.61% vs -54.45% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 6.24% vs 42.12% in Dec 2024

All Annual Results

Company CV

About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc.

Gas

Southwest Gas Holdings, Inc., formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company's subsidiary, Centuri Construction Group, Inc. (Centuri). The Company operates two pipeline transmission systems, such as a system, which includes a liquefied natural gas (LNG) storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area.

Company Coordinates

Company Details

C/O SOUTHWEST GAS CORPORATION, 8360 S. DURANGO DRIVE LAS VEGAS NV : 89113

Tel: 1 702 8767237

https://www.swgasholdings.com/

Registrar Details