CMS Energy EV/EBIT CMS

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2013.

Today, Oct 23, 2026: 24.7×
8-year median: 25.1×
Against its 8-year history: 37th; percentile: 0 is its lowest day, 100 its highest
8-year range: 17.8× to 30.4×
Peer median: 20.7×

CMS Energy's EV/EBIT is 24.7× as of Oct 23, 2026.

That is below its 8-year median of 25.1×, close to the middle of its last 8 years.

Over that time it ranged from 17.8× in Jul 2018 to 30.4× in Jul 2023.

The median for 10 electric utilities of a similar size is 20.7×.

EV/EBIT over time

median 25.1×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	24.7×	23.0×	25.3×
2025	23.0×	22.8×	26.2×
2024	24.7×	24.6×	29.9×
2023	29.6×	25.8×	30.4×
2022	28.1×	24.6×	29.3×
2021	25.6×	22.6×	25.9×
2020	26.4×	21.8×	27.4×
2019	25.9×	18.9×	27.2×
2018	19.0×	17.8×	19.8×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	15.1×	14.6×	16.1×
2014	15.7×	12.5×	15.7×
2013	13.3×	12.2×	14.9×

Against its peers

Companies in Regulated Electric nearest CMS Energy's size, closest first, today.

Company	EV/EBIT
CMSCMS Energy	24.7×
EIXEdison International	7.8×
EVRGEvergy	20.9×
ESEversource Energy	17.5×
PPLPPL	20.4×
LNTAlliant Energy	31.5×
FEFirstEnergy	17.4×
CNPCenterPoint Energy	22.1×
DTEDTE Energy	25.1×
AEEAmeren	23.8×
PCGPG&E	18.9×
Peer median	20.7×

Where CMS Energy ranks

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on CMS Energy

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.