CMS Energy PE ratio CMS

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: 20.9×
10-year median: 21.8×
Against its 10-year history: 35th; percentile: 0 is its lowest day, 100 its highest
10-year range: 11.9× to 31.7×
Peer median: 20.8×

CMS Energy's PE ratio is 20.9× as of Oct 23, 2026: a share price of $69.58 against $3.33 of earnings per share over the last twelve months.

That is below its ten-year median of 21.8×, lower than on 65% of days in the last ten years.

Over that time it ranged from 11.9× in Oct 2022 to 31.7× in Oct 2019.

The median for 10 electric utilities of a similar size is 20.8×.

PE ratio over time

median 21.8×

The dashed line is the 10-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	20.9×	18.9×	22.5×
2025	20.2×	18.7×	22.3×
2024	19.2×	18.0×	23.4×
2023	22.9×	13.9×	27.0×
2022	14.2×	11.9×	21.6×
2021	21.6×	19.1×	24.3×
2020	22.9×	20.7×	31.3×
2019	28.6×	22.7×	31.7×
2018	25.6×	22.2×	27.6×
2017	24.5×	20.0×	25.8×
2016	19.9×	19.0×	26.1×
2015	19.4×	18.4×	22.0×
2014	20.5×	15.4×	20.5×
2013	17.4×	15.5×	20.5×
2012	18.2×	13.6×	19.1×
2011	14.4×	11.9×	14.4×

Against its peers

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

Company	PE ratio
CMSCMS Energy	20.9×
EIXEdison International	5.9×
EVRGEvergy	21.4×
ESEversource Energy	17.5×
PPLPPL	20.7×
LNTAlliant Energy	22.0×
FEFirstEnergy	24.5×
CNPCenterPoint Energy	24.2×
DTEDTE Energy	20.8×
AEEAmeren	19.0×
PCGPG&E	9.2×
Peer median	20.8×

Where CMS Energy ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

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.