CMS Energy Corporation CMS
- Market cap
- $21.8B
- P/E
- 18.9×
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CMS Energy Corporation (CMS) EV/Sales
As of 25 September 2026, CMS Energy Corporation (CMS) trades at a EV/Sales of 4.4×. Over the past ten years it has ranged from 2.4× (March 2015) to 5.3× (November 2020); the current reading is higher than 62% of that period. That is in line with the Utilities Regulated Electric industry median of 4.6× and in line with the Utilities sector median of 4.4×.
EV/Sales, daily
Annual
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.6× | (4.37%) |
| FY2024 | 4.8× | 10.32% |
| FY2023 | 4.4× | 15.15% |
| FY2022 | 3.8× | (9.87%) |
| FY2021 | 4.2× | (9.29%) |
| FY2020 | 4.6× | (0.32%) |
| FY2019 | 4.6× | 25.17% |
| FY2018 | 3.7× | 5.06% |
| FY2017 | 3.5× | 8.08% |
| FY2016 | 3.3× | 11.80% |
Quarterly
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 4.8× | 0.34% |
| Mar 2026 | 4.8× | 4.91% |
| Dec 2025 | 4.6× | (3.61%) |
| Sep 2025 | 4.8× | 1.24% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| DTE DTE Energy Company compare | 3.2× |
| EIX Edison International compare | 3.2× |
| FE FirstEnergy Corporation compare | 3.4× |
| ES Eversource Energy compare | 3.7× |
| CMS CMS Energy Corporation | 4.4× |
| PPL PPL Corporation compare | 4.7× |
| CNP CenterPoint Energy, Inc. compare | 5.0× |
| EVRG Evergy Inc. compare | 5.2× |
| FTS Fortis compare | 5.9× |
| Utilities Regulated Electric industry median | 4.6× |
| Utilities sector median | 4.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)
More on CMS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement