Pricing Log in Create free account
Saturday 17 October 2026 Export CMS’s income statement to Excel — free account

CMS Energy Corporation

CMS Utilities Utilities Regulated Electric

CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 43.9%, free cash flow grew 26.6% and total debt rose 6.96%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years; insiders bought in the last twelve months.

68.93 1.99 +2.97%
Market cap
$21.0B
P/E
20.7×
Fwd P/E
18.6×
Dividend yield
3.27%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

CMS Energy Corporation (CMS) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, CMS Energy Corporation (CMS) trades at a P/B ratio of 2.1×. Over the past ten years it has ranged from 1.9× (September 2026) to 3.9× (February 2020); the current reading is higher than 3% of that period. That is above the Utilities Regulated Electric industry median of 1.8× and above the Utilities sector median of 1.6×.

P/B ratio, daily

Embed this chart

Annual newest first

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 newest first

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

Against its own ten years

Low 1.9× High 3.9×
Ten-year median 2.7×
Current reading's percentile 3

P/B ratio against peers

Company P/B ratio
EIX Edison International compare 1.1×
ES Eversource Energy compare 1.5×
PPL PPL Corporation compare 1.8×
FE FirstEnergy Corporation compare 1.9×
EVRG Evergy Inc. compare 1.9×
CMS CMS Energy Corporation 2.1×
DTE DTE Energy Company compare 2.2×
CNP CenterPoint Energy, Inc. compare 2.3×
LNT Alliant Energy Corporation compare 2.3×
Utilities Regulated Electric industry median 1.8×
Utilities sector median 1.6×
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 →

More on CMS