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Friday 6 November 2026 Export SWX’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Southwest Gas Corporation (SWX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Southwest Gas Corporation (SWX) trades at a P/B ratio of 1.6×. Over the past ten years it has ranged from 1.1× (May 2023) to 2.5× (March 2017); the current reading is higher than 52% of that period. That is in line with the Utilities Regulated Gas industry median of 1.6× and in line with the Utilities sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.5× 5.65%
FY2024 1.4× 0.79%
FY2023 1.4× 3.40%
FY2022 1.3× (5.60%)
FY2021 1.4× 10.28%
FY2020 1.3× (22.66%)
FY2019 1.6× (2.06%)
FY2018 1.7× (20.43%)
FY2017 2.1× (3.34%)
FY2016 2.2× 34.12%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.4× (7.47%)
Jun 2026 1.6× 1.57%
Mar 2026 1.5× 5.28%
Dec 2025 1.5× 1.24%
43 more quarters

Against its own ten years

Low 1.1× High 2.5×
Ten-year median 1.6×
Current reading's percentile 56

P/B ratio against peers

Company P/B ratio
MDU MDU Resources Group, Inc. compare 1.3×
NWN Northwest Natural Gas Company compare 1.4×
OGS ONE Gas, Inc. compare 1.5×
SR Spire Inc. compare 1.5×
UGI UGI Corporation compare 1.5×
BKH Bright Horizon Energy Corporation compare 1.6×
SWX Southwest Gas Corporation 1.6×
CPK Chesapeake Utilities Corporation compare 2.0×
NJR NewJersey Resources Corporation compare 2.1×
Utilities Regulated Gas industry median 1.6×
Utilities sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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