CMS Energy

CMS Energy EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of CMS Energy (CMS) as of Oct 30, 2026 is 13.74. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 15.96 — a change of -13.90% (lower).

EV/EBIT

13.74

YoY

-13.90%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of CMS Energy is 2025 13.74 . EV/EBIT (Enterprise Value to EBIT) of CMS Energy was 2024 15.96 . It decreases by -13.90% lower compared to the previous year.

The CMS Energy EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2019
19.39 USD
Jan 1, 2020
19.29 USD
Jan 1, 2021
20.71 USD
Jan 1, 2022
19.39 USD
Jan 1, 2023
19.22 USD
Jan 1, 2024
15.96 USD
Jan 1, 2025
13.74 USD
Jan 1, 2026 (e)
10.73 USD
The CMS Energy EV/EBIT history
YEAREV/EBITYoY
est10.73-21.92%
13.74-13.90%
15.96-16.95%
19.22-0.89%
19.39-6.37%
20.71+7.33%
19.29-0.49%
19.39+0.65%
19.26+7.47%
17.92-4.76%
18.82-6.58%
20.15-2.21%
20.60+222.90%
6.38-0.16%
6.39+13.50%
5.63+18.53%
4.75-7.77%
5.15+79.44%
2.87-106.49%
-44.22+166.39%
-16.60—

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CMS Energy Valuation

Details

Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides CMS Energy's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates CMS Energy's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots CMS Energy's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if CMS Energy grows earnings faster than its peers.

CMS Energy Stock analysis

What does CMS Energy do? CMS Energy Corp is a US energy supply company based in Michigan. The company's history dates back to 1886 when the Michigan Gas Company was founded. Over the years, the company has merged several times and changed its name multiple times until it received its current name, CMS Energy Corp, in 1995. CMS Energy Corp's business model is to offer energy supply and distribution in various areas of the USA. The company focuses on operating coal, gas, nuclear, and renewable energy facilities. The CMS Enterprises division is responsible for the production and marketing of renewable energies such as wind power and solar energy. The company is divided into various divisions, with the largest being CMS Energy Michigan. Here, electricity and gas are supplied to customers in Michigan. The company is also active in other states, such as through the CMS Energy Virginia division, which supplies electricity to customers in Virginia. In addition, CMS Energy Corp is active in the gas and electricity distribution and transmission sector, as well as in energy supply for business customers. CMS Energy Corp offers customers various products and services. In the field of power supply, the company is known for providing higher reliability and efficiency than other providers. CMS Energy Corp also relies on a wide range of renewable energy sources to ensure sustainable energy supply. Customers who want to switch to renewable energies can rely on the expertise and services of CMS Energy Corp. In the field of gas supply, CMS Energy Corp is one of the leading providers in the USA. Customers can choose between different tariffs and pricing models to find the right solution for their needs. The company also offers various services to support customers in their current gas supply or to facilitate the switch to renewable energies. CMS Energy Corp is also a leader in energy efficiency and offers customers various services to reduce their energy consumption. These include consulting services and energy-saving programs. CMS Energy Corp is also active in the field of smart grids and intelligent energy supply. Overall, CMS Energy Corp is a leading provider of electricity and gas supply in the USA. The company focuses on renewable energies and demonstrates a strong commitment to sustainability and environmental protection. Customers can access a wide range of products and services to optimize their energy supply and reduce their energy costs. CMS Energy is one of the most popular companies on Eulerpool.

Frequently Asked Questions about CMS Energy stock

EV/EBIT (Enterprise Value to EBIT) of CMS Energy is 13.74 in 2025.

EV/EBIT (Enterprise Value to EBIT) of CMS Energy changed from 15.96 to 13.74, representing a -13.90% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) CMS Energy since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s CMS Energy with sector peers and the industry average to assess whether it is attractive.

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Valuation — CMS Energy

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