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CMS Energy Corporation CMS NYSE

NYSE • Utilities • Regulated Electric • US • USD

SharesGrow Score
54/100
2/7 Pass
SharesGrow Intrinsic Value
$73.25
-7.1%
Analyst Price Target
$79.63
+1%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

CMS Energy Corporation (CMS) trades at a trailing P/E of 22.3, forward P/E of 20.3. Trailing earnings yield is 4.49%, forward earnings yield 4.92%. PEG 3.71. Graham Number is $50.90.

Criteria proven by this page:

  • VALUE (42/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
  • Forward P/E 20.3 (down from trailing 22.3) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 3.71 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 4.49% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 4.92% as earnings recover.
  • Analyst consensus target $79.63 (+1% upside) — modest upside expected.

Overall SharesGrow Score: 54/100 with 2/7 criteria passed.

SharesGrow 7-Criteria Score
54/100
SG Score
View full scorecard →
~
VALUE
42/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
46/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
0/100
Debt-to-Equity & liquidity
→ Health
MOAT
80/100
→ Income
~
GROWTH
55/100
→ Income
~
INCOME
55/100
→ Income

Valuation Snapshot — CMS

Valuation Multiples
P/E (TTM)22.3
Forward P/E20.3
PEG Ratio3.71
Forward PEG2.08
P/B Ratio2.61
P/S Ratio2.85
EV/EBITDA13.4
Per Share Data
EPS (TTM)$3.56
Forward EPS (Est.)$3.88
Book Value / Share$32.31
Revenue / Share$28.41
FCF / Share$-5.29
Yields & Fair Value
Earnings Yield4.49%
Forward Earnings Yield4.92%
Dividend Yield2.77%
Graham Number$50.90
SharesGrow IV$73.25 (-7.1%)
Analyst Target$79.63 (+1%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 21.0 4.43 2.72 1.81 3.00%
2017 28.8 -1.64 2.98 2.01 2.85%
2018 21.3 0.51 2.95 2.04 2.90%
2019 26.2 8.71 3.54 2.68 2.45%
2020 23.0 2.21 3.16 2.71 2.69%
2021 13.9 0.18 2.84 2.57 2.71%
2022 21.9 -0.56 2.61 2.13 2.98%
2023 19.1 3.18 2.24 2.27 3.42%
2024 19.8 1.80 2.41 2.64 3.16%
2025 19.6 3.45 2.30 2.46 3.15%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $1.98 $6.4B $551M 8.6%
2017 $1.64 $6.58B $460M 7%
2018 $2.32 $6.87B $657M 9.6%
2019 $2.39 $6.85B $680M 9.9%
2020 $2.64 $6.68B $755M 11.3%
2021 $2.51 $7.33B $728M 9.9%
2022 $2.85 $8.6B $837M 9.7%
2023 $3.01 $7.46B $887M 11.9%
2024 $3.33 $7.52B $1B 13.3%
2025 $3.53 $8.54B $1.07B 12.5%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $3.88 $3.86 – $3.91 $8.66B $8.09B – $9.07B 10
2027 $4.18 $4.14 – $4.22 $9.06B $8.52B – $9.68B 9
2028 $4.51 $4.49 – $4.51 $9.4B $9.34B – $9.47B 4
2029 $4.86 $4.45 – $5.26 $9.93B $9.28B – $10.56B 2
2030 $5.24 $4.79 – $5.67 $10.33B $9.64B – $10.97B 2
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