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

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))

The full definition of P/B ratio →

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