CMS Energy Corporation (CMS) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric servic...
CMS Energy Corporation (CMS) currently trades at a P/E ratio of 21.00 (historical range: 13.13–46.23, median: 23.11), placing it at the 32th percentile — below its historical average, P/S ratio of 2.44 (range: 2.11–4.70, 11th percentile — cheap relative to its history), EV/EBITDA of 24.31 (range: 20.35–44.17, 23th percentile).
CMS Energy Corporation trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 21.00 | 23.11 | 32th | below its historical average |
| P/S Ratio | 2.44 | 2.86 | 11th | cheap relative to its history |
| EV/EBITDA | 24.31 | 27.09 | 23th | below its historical average |
CMS Energy Corporation (CMS) Valuation & P/E History
CMS Energy Corporation (CMS) is a US-listed stock operating in the Utilities sector, specifically the Electric & Other Services Combined industry currently trading at $68.63 with a market capitalization of $21.5 billion. This page provides historical valuation analysis for CMS based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 21.00 is below the historical median of 23.11, placing CMS at the 32th percentile of its valuation range. The P/S ratio of 2.44 compares to a median of 2.86.
CMS Valuation Metrics & Historical Range
The valuation table above shows CMS Energy Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CMS is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CMS is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for CMS Energy Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CMS Overvalued or Undervalued?
CMS Energy Corporation trades well below its historical valuation range across most metrics. The overall valuation percentile of 22 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CMS is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CMS analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CMS trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.