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CMS Energy Corp
NYSE:CMS

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CMS Energy Corp
NYSE:CMS
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Price: 78.45 USD -1.17% Market Closed
Market Cap: $24B

EV/EBIT

24.1
Current
5%
More Expensive
vs 3-y median of 22.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.1
=
Enterprise Value
$40.9B
/
EBIT
$1.7B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.1
=
Enterprise Value
$40.9B
/
EBIT
$1.7B

Valuation Scenarios

CMS Energy Corp is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (22.9), the stock would be worth $74.55 (5% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-19%
Maximum Upside
No Upside Scenarios
Average Downside
10%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 24.1 $78.45
0%
3-Year Average 22.9 $74.55
-5%
5-Year Average 22.9 $74.55
-5%
Industry Average 21 $68.35
-13%
Country Average 19.6 $63.85
-19%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$40.9B
/
Jan 2026
$1.7B
=
24.1
Current
$40.9B
/
Dec 2026
$2B
=
20.1
Forward
$40.9B
/
Dec 2027
$2.3B
=
17.6
Forward
$40.9B
/
Dec 2028
$2.4B
=
17.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
US
CMS Energy Corp
NYSE:CMS
24B USD 24.1 22.7
UK
National Grid PLC
LSE:NG
65.5B GBP 20 22.6
FR
Engie SA
PAR:ENGI
70.5B EUR 12.4 19.6
US
Sempra Energy
NYSE:SRE
62.8B USD 31.1 35
DE
E.ON SE
XETRA:EOAN
50.7B EUR 12.6 29.3
US
Dominion Energy Inc
NYSE:D
55.4B USD 20.6 18.7
US
Sempra
VSE:SREN
43.4B EUR 27 27.8
DE
RWE AG
XETRA:RWE
41.8B EUR 34.4 13.4
US
Public Service Enterprise Group Inc
NYSE:PEG
40.5B USD 21.3 19.2
US
Consolidated Edison Inc
NYSE:ED
40.4B USD 22.7 20
US
WEC Energy Group Inc
NYSE:WEC
37.9B USD 24.7 24.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
CMS Energy Corp
NYSE:CMS
Average EV/EBIT: 22.8
24.1
11%
2.2
UK
National Grid PLC
LSE:NG
20
14%
1.4
FR
Engie SA
PAR:ENGI
12.4
8%
1.5
US
Sempra Energy
NYSE:SRE
31.1
8%
3.9
DE
E.ON SE
XETRA:EOAN
12.6
4%
3.2
US
Dominion Energy Inc
NYSE:D
20.6
10%
2.1
US
S
Sempra
VSE:SREN
27
8%
3.4
DE
RWE AG
XETRA:RWE
34.4
49%
0.7
US
Public Service Enterprise Group Inc
NYSE:PEG
21.3
11%
1.9
US
Consolidated Edison Inc
NYSE:ED
22.7
18%
1.3
US
WEC Energy Group Inc
NYSE:WEC
24.7
15%
1.6

Market Distribution

In line with most companies in the United States of America
Percentile
62nd
Based on 8 638 companies
62nd percentile
24.1
Low
0 — 13.6
Typical Range
13.6 — 27.8
High
27.8 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 13.6
Median 19.6
70th Percentile 27.8
Max 1 826 183.2

CMS Energy Corp
Glance View

CMS Energy Corp., headquartered in Jackson, Michigan, is a prominent figure in the energy sector, weaving a story of innovation and reliability that dates back more than a century. At the heart of its operations is Consumers Energy, its principal subsidiary, renowned for providing electricity and natural gas to millions of Michiganders. This utility powerhouse runs an extensive network comprising power plants, natural gas pipelines, and renewable energy sources, all working in concert to meet the region’s energy demands. The company effectively balances its portfolio between fossil fuels and increasingly robust investments in renewable energy, showcasing its commitment to sustainable practices and forward-thinking strategies. Navigating the intricate fabric of the energy market, CMS Energy derives its revenue primarily through regulated utility operations, ensuring a steady flow of income while maintaining a responsive relationship with fluctuating energy needs and regulatory requirements. By investing aggressively in renewable energy sources such as wind and solar, alongside their continuous upgrade of natural gas infrastructure, CMS Energy is not only diversifying its operations but also positioning itself as a leader in the transition to cleaner energy. This strategic blending of traditional and green energy avenues enables the company to cater to the evolving expectations of stakeholders, meeting customer demands while adhering to regulatory compliances, thus sustaining its legacy of reliable service in an ever-evolving energy landscape.

CMS Intrinsic Value
89.53 USD
Undervaluation 12%
Intrinsic Value
Price $78.45
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