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CMS Energy Corp
NYSE:CMS

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CMS Energy Corp
NYSE:CMS
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Price: 76.2 USD -0.55%
Market Cap: $23.5B

EV/S

4.8
Current
6%
More Expensive
vs 3-y average of 4.6

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

EV/S
4.8
=
Enterprise Value
$40.9B
/
Revenue
$8.5B

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

EV/S
4.8
=
Enterprise Value
$40.9B
/
Revenue
$8.5B

Valuation Scenarios

CMS Energy Corp is trading above its 3-year average

If EV/S returns to its 3-Year Average (4.6), the stock would be worth $72.11 (5% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-37%
Maximum Upside
+2%
Average Downside
14%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 4.8 $76.2
0%
3-Year Average 4.6 $72.11
-5%
5-Year Average 4.2 $65.79
-14%
Industry Average 4.9 $77.49
+2%
Country Average 3 $48.22
-37%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
$40.9B
/
Jan 2026
$8.5B
=
4.8
Current
$40.9B
/
Dec 2026
$8.7B
=
4.7
Forward
$40.9B
/
Dec 2027
$9.1B
=
4.5
Forward
$40.9B
/
Dec 2028
$9.5B
=
4.3
Forward

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

Peer Comparison

Market Distribution

In line with most companies in the United States of America
Percentile
67th
Based on 11 256 companies
67th percentile
4.8
Low
0 — 1.6
Typical Range
1.6 — 5.3
High
5.3 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.6
Median 3
70th Percentile 5.3
Max 4 613 320.1

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
87.67 USD
Undervaluation 13%
Intrinsic Value
Price $76.2
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