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) P/B ratio
As of 25 September 2026, CMS Energy Corporation (CMS) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 1.9× (September 2026) to 3.9× (February 2020); the current reading is higher than 0% of that period. That is above the Utilities Regulated Electric industry median of 1.6× and above the Utilities sector median of 1.6×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.2× | (4.84%) |
| FY2024 | 2.3× | 6.64% |
| FY2023 | 2.2× | (12.82%) |
| FY2022 | 2.5× | (7.28%) |
| FY2021 | 2.7× | (5.65%) |
| FY2020 | 2.9× | (18.67%) |
| FY2019 | 3.5× | 20.32% |
| FY2018 | 2.9× | (0.40%) |
| FY2017 | 2.9× | 9.12% |
| FY2016 | 2.7× | 7.55% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 2.3× | (3.58%) |
| Mar 2026 | 2.4× | 9.24% |
| Dec 2025 | 2.2× | (7.15%) |
| Sep 2025 | 2.4× | 0.87% |
| 42 more quarters | Free account |
Against its own ten years
Low 1.9×
High 3.9×
Ten-year median
2.7×
Current reading's percentile
0
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| EIX Edison International compare | 1.1× |
| FTS Fortis compare | 1.5× |
| ES Eversource Energy compare | 1.5× |
| PPL PPL Corporation compare | 1.6× |
| FE FirstEnergy Corporation compare | 1.7× |
| EVRG Evergy Inc. compare | 1.8× |
| CMS CMS Energy Corporation | 1.9× |
| CNP CenterPoint Energy, Inc. compare | 2.1× |
| DTE DTE Energy Company compare | 2.1× |
| Utilities Regulated Electric industry median | 1.6× |
| Utilities sector median | 1.6× |
| Market median | 1.8× |
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))
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
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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