The current PE ratio for Cms Energy stock as of Jul 20, 2026 is 20.08. This is calculated based on the current EPS of $3.63 and the stock price of $72.88 per share. The P/E ratio has decreased by 2.6% from the past four quarters average of 20.6.
CMS PE ratio history
The average historical PE ratio of Cms Energy for the last ten years is 21.63. The current PE ratio of 20.08 is 7% below the historical average. In the past ten years, CMS's PE ratio was at its highest in the Sep 2019 quarter at 29.2, when the stock price was $63.95 and the EPS was $2.19. The lowest value was in the Sep 2022 quarter, when it reached 13.03 with a price of $58.24 and an EPS of $4.47.
Cms Energy PE ratio by year
Maximum annual increase: 59.17% in 2022
Maximum annual decrease: -39.36% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 19.81 | -0.75% | $69.93 | $3.53 |
| 2024 | 19.96 | 3.47% | $66.65 | $3.34 |
| 2023 | 19.29 | -13.19% | $58.07 | $3.01 |
| 2022 | 22.22 | 59.17% | $63.33 | $2.85 |
| 2021 | 13.96 | -39.36% | $65.05 | $4.66 |
| 2020 | 23.02 | -12.07% | $61.01 | $2.65 |
| 2019 | 26.18 | 22.85% | $62.84 | $2.4 |
| 2018 | 21.31 | -26.11% | $49.65 | $2.33 |
| 2017 | 28.84 | 37.92% | $47.3 | $1.64 |
| 2016 | 20.91 | 10.11% | $41.62 | $1.99 |
| 2015 | 18.99 | -3.8% | $36.08 | $1.9 |
| 2014 | 19.74 | 26.13% | $34.75 | $1.76 |
| 2013 | 15.65 | -6.29% | $26.77 | $1.71 |
| 2012 | 16.7 | 25.56% | $24.38 | $1.46 |
| 2011 | 13.3 | 0.08% | $22.08 | $1.66 |
Cms Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 21.37 | 7.87% | $77.58 | $3.63 |
| Dec 2025 | 19.81 | -5.62% | $69.93 | $3.53 |
| Sep 2025 | 20.99 | 3.3% | $73.26 | $3.49 |
| Jun 2025 | 20.32 | -8.3% | $69.28 | $3.41 |
| Mar 2025 | 22.16 | 11.02% | $75.11 | $3.39 |
| Dec 2024 | 19.96 | -1.09% | $66.65 | $3.34 |
| Sep 2024 | 20.18 | 10.51% | $70.63 | $3.5 |
| Jun 2024 | 18.26 | -0.76% | $59.53 | $3.26 |
| Mar 2024 | 18.4 | -4.61% | $60.34 | $3.28 |
| Dec 2023 | 19.29 | -7.75% | $58.07 | $3.01 |
| Sep 2023 | 20.91 | -11.02% | $53.11 | $2.54 |
| Jun 2023 | 23.5 | -10.78% | $58.75 | $2.5 |
| Mar 2023 | 26.34 | 18.54% | $61.38 | $2.33 |
| Dec 2022 | 22.22 | 70.53% | $63.33 | $2.85 |
| Sep 2022 | 13.03 | -12.2% | $58.24 | $4.47 |
CMS Price vs fair value
CMS average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CMS's PE ratio is greater than its 5-year historical average, but it is lower than the 3 and 10-year averages.
PE comparison
With a P/E of 20.08, CMS stands below the Utilities sector, the industry and its peers average. But compared to its Utilities sector average of 20.27, Cms Energy's P/E is only 0.9% lower.
CMS PE vs peers
CMS's PE ratio is lower than its peer stocks XEL and WEC, but it is greater than EXC's and AEE's. Cms Energy is presently trading at a lower PE ratio (20.08) than its peer group average of 21.32.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EXC Exelon Corp | 16.69 | $46.96B |
| AEE Ameren Corp | 19.63 | $30.42B |
| CMS Cms Energy Corp | 19.97 | $22.39B |
| MGEE Mge Energy Inc | 20.66 | $2.97B |
| WEC Wec Energy Group Inc | 22.14 | $36.42B |
| XEL Xcel Energy Inc | 22.56 | $49.15B |
| LNT Alliant Energy Corp | 22.79 | $18.78B |
| DTE Dte Energy Co | 23.9 | $30.28B |
Frequently asked questions
What is Cms Energy's PE ratio?
CMS's price to earnings ratio is 20.08 as of Jul 20, 2026.
What is the 3-year average PE ratio for Cms Energy (CMS)?
Over the last 3 years, the average price to earnings ratio for CMS stock is 20.15.
What is the 5-year average PE ratio for Cms Energy (CMS)?
Over the last 5 years, the average price to earnings ratio for CMS stock is 19.49.
What is the highest PE ratio for CMS?
In the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 29.2.
How does the current PE ratio for CMS compare to its historical average?
The current price to earnings ratio of CMS is 7% lower than the 10-year historical average.
How is CMS's PE ratio calculated (Cms Energy PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jul 20, 2026), Cms Energy's stock price is $72.88. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.63. Therefore, Cms Energy's P/E ratio for today is 20.08. PE RATIO(20.08) = STOCK PRICE($72.88) / TTM EPS($3.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.