CMS Energy Corporation CMS

62.95 0.18 0.29% as of 25 Sep
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

Against its own ten years

Low 2.4× High 5.3×
Ten-year median 4.1×
Current reading's percentile 62

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)

The full definition of EV/Sales →

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