Southwest Gas Corporation

SWX Utilities Utilities Regulated Gas

Revenue
−5.91%
EPS
−95.3%
Free cash flow
−30.1%
Total debt
+0.70%

Quarter to September 2026, against a year earlier

90.42 1.91 −2.07%
Market cap
$6.6B
P/E
22.1×
Fwd P/E
21.4×
Dividend yield
2.80%
F-score
6/9
Altman Z
1.04
Beneish M
−2.87
Dividend safety
45/100

Southwest Gas Corporation (SWX) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Southwest Gas Corporation (SWX) trades at a EV/EBITDA of 11.9×. Over the past ten years it has ranged from 7.1× (December 2015) to 23.3× (June 2023); the current reading is higher than 68% of that period. That is in line with the Utilities Regulated Gas industry median of 12.2× and in line with the Utilities sector median of 12.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.8× (14.21%)
FY2024 12.6× (23.54%)
FY2023 16.5× (25.81%)
FY2022 22.2× 60.77%
FY2021 13.8× 68.47%
FY2020 8.2× (17.86%)
FY2019 10.0× 1.26%
FY2018 9.9× 0.75%
FY2017 9.8× 13.92%
FY2016 8.6× 15.86%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 11.1× (2.84%)
Jun 2026 11.4× 0.23%
Mar 2026 11.4× 5.53%
Dec 2025 10.8× (2.15%)
43 more quarters

Against its own ten years

Low 7.1× High 23.3×
Ten-year median 10.2×
Current reading's percentile 68

EV/EBITDA against peers

Company EV/EBITDA
UGI UGI Corporation compare 8.3×
OGS ONE Gas, Inc. compare 9.8×
NWN Northwest Natural Gas Company compare 10.0×
SWX Southwest Gas Corporation 11.9×
NJR NewJersey Resources Corporation compare 12.2×
MDU MDU Resources Group, Inc. compare 12.2×
SR Spire Inc. compare 12.3×
BKH Bright Horizon Energy Corporation compare 12.3×
CPK Chesapeake Utilities Corporation compare 13.7×
Utilities Regulated Gas industry median 12.2×
Utilities sector median 12.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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