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/S ratio

As of 25 September 2026, CMS Energy Corporation (CMS) trades at a P/S ratio of 2.2×. Over the past ten years it has ranged from 1.2× (March 2015) to 3.0× (November 2020); the current reading is higher than 47% of that period. That is below the Utilities Regulated Electric industry median of 2.5× and below the Utilities sector median of 2.6×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2025 2.5× (6.79%)
FY2024 2.6× 14.23%
FY2023 2.3× 7.66%
FY2022 2.1× (16.33%)
FY2021 2.6× (5.32%)
FY2020 2.7× 0.91%
FY2019 2.7× 31.69%
FY2018 2.0× 2.08%
FY2017 2.0× 10.72%
FY2016 1.8× 17.10%

Quarterly

Period P/S ratio Change
Jun 2026 2.7× (0.07%)
Mar 2026 2.7× 9.53%
Dec 2025 2.5× (7.06%)
Sep 2025 2.6× 2.61%
42 more quarters

Against its own ten years

Low 1.2× High 3.0×
Ten-year median 2.3×
Current reading's percentile 47

P/S ratio against peers

Company P/S ratio
EIX Edison International compare 1.0×
DTE DTE Energy Company compare 1.5×
FE FirstEnergy Corporation compare 1.6×
ES Eversource Energy compare 1.7×
CMS CMS Energy Corporation 2.2×
CNP CenterPoint Energy, Inc. compare 2.5×
PPL PPL Corporation compare 2.6×
EVRG Evergy Inc. compare 3.0×
FTS Fortis compare 3.0×
Utilities Regulated Electric industry median 2.5×
Utilities sector median 2.6×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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