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Southwest Gas Holdings Inc
NYSE:SWX

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Southwest Gas Holdings Inc
NYSE:SWX
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Price: 90.34 USD -0.13%
Market Cap: $6.5B

P/S

3.4
Current
214%
More Expensive
vs 3-y average of 1.1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.4
=
Market Cap
$6.4B
/
Revenue
$1.9B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.4
=
Market Cap
$6.4B
/
Revenue
$1.9B

Valuation Scenarios

Southwest Gas Holdings Inc is trading above its 3-year average

If P/S returns to its 3-Year Average (1.1), the stock would be worth $28.74 (68% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-69%
Maximum Upside
No Upside Scenarios
Average Downside
44%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.4 $90.34
0%
3-Year Average 1.1 $28.74
-68%
5-Year Average 1 $27.75
-69%
Industry Average 3 $79.56
-12%
Country Average 2.4 $65.43
-28%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$6.4B
/
Jan 2026
$1.9B
=
3.4
Current
$6.4B
/
Dec 2026
$2.3B
=
2.8
Forward
$6.4B
/
Dec 2027
$2.4B
=
2.7
Forward
$6.4B
/
Dec 2028
$2.5B
=
2.5
Forward
$6.4B
/
Dec 2029
$3.1B
=
2.1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
US
Southwest Gas Holdings Inc
NYSE:SWX
6.5B USD 3.4 14.8
US
Atmos Energy Corp
NYSE:ATO
30.7B USD 6.3 24.7
ES
Naturgy Energy Group SA
MAD:NTGY
25.4B EUR 1.3 12.8
IT
Snam SpA
MIL:SRG
22.4B EUR 5.8 17.7
HK
Hong Kong and China Gas Co Ltd
HKEX:3
135.8B HKD 2.5 23.9
JP
Tokyo Gas Co Ltd
TSE:9531
2.4T JPY 0.8 11.6
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 1.1 12.5
IT
Italgas SpA
MIL:IG
10.4B EUR 3 15.7
IN
GAIL (India) Ltd
NSE:GAIL
1.1T INR 0.8 12.6
CA
AltaGas Ltd
TSX:ALA
15.6B CAD 1.2 20.9
AU
APA Group
ASX:APA
13.3B AUD 4.2 82.3

Market Distribution

In line with most companies in the United States of America
Percentile
62st
Based on 11 520 companies
62st percentile
3.4
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

Southwest Gas Holdings Inc
Glance View

Market Cap
6.5B USD
Industry
Utilities

In the vibrant landscape of the energy sector, Southwest Gas Holdings Inc. stands as a stalwart figure, primarily providing natural gas services to a diverse range of customers in the southwestern United States. Born in the heart of the 20th century, the company has evolved, intertwining its operations deeply within the thriving communities of Arizona, Nevada, and California. At its core, Southwest Gas owns and operates a network of pipelines that deliver natural gas to residential, commercial, and industrial clients. This transmission ensures that homes stay warm, businesses run efficiently, and industries maintain operations. The company’s business model hinges on regulated utility operations, which offer stable returns driven by public utility commissions authorizing pricing structures that cover expenses and yield consistent profits. Beyond just the delivery of natural gas, Southwest Gas Holdings embraces an innovative and diversified role through its Centennial subsidiary, a construction services division that provides infrastructure services across the nation. This division enhances the company's revenue streams by offering expertise in natural gas pipeline construction, maintenance, and replacement—services that become increasingly critical as the nation attends to aging infrastructure. This dual approach not only anchors the company in traditional energy provision but also aligns it with emerging needs and trends in infrastructure development, ensuring Southwest Gas Holdings not just survives but thrives in an industry that demands adaptability and foresight.

SWX Intrinsic Value
79.57 USD
Overvaluation 12%
Intrinsic Value
Price $90.34
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