What is SWX's Value Score?

Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) has a StockPik Value Score of 68 out of 100 — a mid-range score, indicating moderate value characteristics. The Value Score is a composite ranking built from P/E ratio, P/B ratio, Graham Number, ROE, gross margin, debt-to-equity, current ratio, and Piotroski F-Score, calculated from SEC EDGAR annual filing data.

What is SWX's Piotroski F-Score?

Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) has a Piotroski F-Score of 4 out of 9 — a moderate score. The F-Score assesses nine binary financial criteria across profitability, leverage, and operating efficiency. A score of 7–9 indicates a financially improving company; a score of 0–3 is a warning sign.

Is SWX trading below its Graham Number?

SWX is currently trading above its Graham Number. The stock price of $90.93 exceeds the Graham Number of $88.02, meaning it does not meet Graham's criterion for a margin of safety at the current price. The Graham Number is calculated as √(22.5 × EPS × Book Value Per Share) and represents Benjamin Graham's ceiling price for a defensive investor.

What is SWX's Graham Number?

SWX's Graham Number is $88.02, calculated using the Benjamin Graham formula √(22.5 × EPS × Book Value per Share). The Graham Number is an estimate of intrinsic value — the maximum price a defensive investor should pay. At the current price of $90.93, SWX is trading 3% above its Graham Number.

What is SWX's Piotroski F-Score?

SWX's Piotroski F-Score is 4 out of 9, indicating moderate financial health. The Piotroski F-Score evaluates nine criteria across profitability, leverage, and operating efficiency. Scores of 7 or above are considered strong; 3 or below indicate financial weakness.

Is SWX (Southwest Gas Holdings, Inc. Common Stock (DE)) undervalued?

SWX scores 68/100 on StockPik's Value Score, an above-average rating. The stock trades 3% above its Graham Number of $88.02.

What is SWX's P/E ratio?

SWX's trailing P/E ratio is 15.0x — a reasonable earnings multiple. The Utilities sector average P/E is 20.8x. Compare against other Utilities stocks in the StockPik screener.

Does Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) pay a dividend?

Yes, SWX currently pays a dividend yield of 2.8%. View the full dividend and value analysis on StockPik.

What sector is Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) in?

Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) is in the Utilities sector, specifically in the Natural Gas Transmisison & Distribution industry. Compare it against other Utilities stocks by Value Score, P/E ratio, and Piotroski F-Score on StockPik.

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Southwest Gas Holdings, Inc. Common Stock (DE) (SWX)

NYSE Mid Cap

Utilities › Natural Gas Transmisison & Distribution

$90.93

Market Cap: $6.6B

Data as of Jun 30, 2026 (TTM)

Price History

Feb 9, 2026 — Aug 15, 2026

Investment Snapshot

Trading 3% above Graham Number — above intrinsic value estimate
Piotroski F-Score 4/9 — moderate financial health
ROE of 10.6% — below-average profitability
Dividend yield of 2.8%

Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) is a Utilities company operating in Natural Gas Transmisison & Distribution, listed on the NYSE , with a market capitalisation of $6.6 billion . Key value metrics: P/E ratio 15.0, P/B ratio 1.60, Piotroski F-Score 4 out of 9 (moderate financial health) .

Value Score

out of 100

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Key Metrics

P/E Ratio

15.04

P/B Ratio

1.60

EPS

$6.05

Div. Yield

2.8%

PEG Ratio

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P/S Ratio

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EV/EBITDA

—

ROE

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ROA

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Gross Margin

—

Op. Margin

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Net Margin

—

Debt/Equity

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Current Ratio

—

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Current vs 5-Year Average

Based on 5 years of SEC filings

Net Margin

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↑ +2.1pp avg —

Gross Margin

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↑ +2.1pp avg —

Operating Margin

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↑ +2.1pp avg —

Return on Equity

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↑ +2.1pp avg —

Debt / Equity

—

↑ +2.1pp avg —

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Revenue & Net Income

Profit Margins

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EPS & Free Cash Flow Per Share

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Financial Statements

Metric	FY22	FY23	FY24
Revenue	$X.XB	$X.XB	$X.XB
Gross Profit	$X.XB	$X.XB	$X.XB
Operating Income	$X.XB	$X.XB	$X.XB
Net Income	$X.XB	$X.XB	$X.XB
EBITDA	$X.XB	$X.XB	$X.XB
Total Assets	$X.XB	$X.XB	$X.XB
Total Liabilities	$X.XB	$X.XB	$X.XB

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Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Utilities stocks →

Southwest Gas Holdings, Inc. Common Stock (DE) — Fundamental Analysis Summary

Southwest Gas Holdings, Inc. Common Stock (DE) (SWX) is currently trading 3% above its Graham Number of $88.02, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries a reasonable trailing P/E ratio of 15.0x.

On financial health, SWX shows a moderate Piotroski F-Score of 4/9, and modest return on equity of 10.6% (sector average: 6.0%), and manageable leverage with a debt-to-equity ratio of 0.83.

StockPik's composite Value Score for SWX is 68/100 — an above-average value rating. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

SWX reports a solid gross margin of 55.2% (sector average: 41.2%) and a modest operating margin of 7.3%.

SWX shows earnings growing at 121%.

SWX pays a modest dividend yield of 2.8%.

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How is the Value Score calculated?

Read our full methodology →

How is the Graham Number calculated?

Benjamin Graham's intrinsic value formula, worked examples, and how to use it →

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