Cms Energy is trading with a PEG ratio of 2.94, based on Jul 13, 2026 data. Dividing the 20.87 PE ratio by the 7.1% earnings growth rate yields this valuation metric.
CMS PEG ratio history
Historically, Cms Energy has a PEG ratio averaging 4.18 across the past ten years. At 2.94, today's PEG ratio sits 30% less than its historical average. The ten years high occurred in the Sep 2018 quarter at 50.52, reflecting maximum valuation relative to growth. The minimum was hit in the Dec 2021 quarter at 0.18, indicating optimal value relative to growth during that period.
Cms Energy PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 3.48 | 19.81 | 5.7% |
| 2024 | 1.81 | 19.96 | 11% |
| 2023 | 3.44 | 19.29 | 5.6% |
| 2022 | N/A | 22.22 | -38.8% |
| 2021 | 0.18 | 13.96 | 75.8% |
| 2020 | 2.21 | 23.02 | 10.4% |
| 2019 | 8.73 | 26.18 | 3% |
| 2018 | 0.51 | 21.31 | 42.1% |
| 2017 | N/A | 28.84 | -17.6% |
| 2016 | 4.45 | 20.91 | 4.7% |
| 2015 | 2.37 | 18.99 | 8% |
| 2014 | 6.81 | 19.74 | 2.9% |
| 2013 | 0.92 | 15.65 | 17.1% |
| 2012 | N/A | 16.7 | -12% |
| 2011 | 0.72 | 13.3 | 18.6% |
Cms Energy PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 3.01 | 21.37 | 7.1% |
| Dec 2025 | 3.48 | 19.81 | 5.7% |
| Sep 2025 | N/A | 20.99 | -0.3% |
| Jun 2025 | 4.42 | 20.32 | 4.6% |
| Mar 2025 | 6.52 | 22.16 | 3.4% |
| Dec 2024 | 1.81 | 19.96 | 11% |
| Sep 2024 | 0.53 | 20.18 | 37.8% |
| Jun 2024 | 0.6 | 18.26 | 30.4% |
| Mar 2024 | 0.45 | 18.4 | 40.8% |
| Dec 2023 | 3.44 | 19.29 | 5.6% |
| Sep 2023 | N/A | 20.91 | -43.2% |
| Jun 2023 | N/A | 23.5 | -45.1% |
| Mar 2023 | N/A | 26.34 | -50% |
| Dec 2022 | N/A | 22.22 | -38.8% |
| Sep 2022 | 0.27 | 13.03 | 48.5% |
CMS average PEG ratio chart
Measured against past performance, CMS's PEG ratio sits above its 3 and 5-year averages, yet it is lower than the 10-year average.
PEG comparison
With a PEG of 2.94, CMS stands above the Utilities sector and the industry average. Looking at its Utilities sector average of 1.35, Cms Energy's PEG is 118% higher.
CMS EPS growth
CMS Price vs fair value
CMS PEG vs peers
Relative to its peers, CMS's PEG ratio is lower than XEL's and EXC's but above AEE's and LNT's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| AEE Ameren Corp | 0.85 | $31.39B |
| MGEE Mge Energy Inc | 2 | $3.02B |
| LNT Alliant Energy Corp | 2.4 | $19.79B |
| CMS Cms Energy Corp | 2.94 | $23.4B |
| EXC Exelon Corp | 7.78 | $48.18B |
| XEL Xcel Energy Inc | 8.87 | $50.24B |
| DTE Dte Energy Co | N/A | $31.34B |
| WEC Wec Energy Group Inc | N/A | $37.74B |
Frequently asked questions
What is Cms Energy's PEG ratio?
CMS shows a PEG ratio of 2.94, per Jul 13, 2026 data.
What is the 3-year average PEG ratio for Cms Energy (CMS)?
CMS has a 3-year average PEG ratio of 2.7.
What is the 5-year average PEG ratio for Cms Energy (CMS)?
CMS has a 5-year average PEG ratio of 1.93.
What is the highest PEG ratio for CMS?
The Sep 2018 quarter marked the ten years high at 50.52 for CMS's PEG ratio.
How does the current PEG ratio for CMS compare to its historical average?
Compared to the 10-year average, CMS's PEG ratio is 30% lower.
Why is Cms Energy's PEG ratio so high?
A 2.94 PEG ratio for CMS suggests the stock is priced at a premium relative to its growth trajectory.
How is CMS's PEG ratio calculated (Cms Energy PEG ratio formula)?
To calculate the PEG ratio, take the company's PE ratio and divide by its earnings per share growth (YoY TTM). As of Jul 13, 2026, Cms Energy has a P/E ratio of 20.87. Earnings grew at 7.1% over the TTM period ending Mar 2026. Applying the formula, this gives a price to earnings growth ratio of 2.94. PEG RATIO(2.94) = PE RATIO(20.87) / EPS GROWTH(7.1%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.