CMS Energy price to sales ratio CMS

Market value divided by revenue over the last twelve months, since 2013.

Today, Oct 23, 2026: 2.5×
8-year median: 2.5×
Against its 8-year history: 43rd; percentile: 0 is its lowest day, 100 its highest
8-year range: 1.9× to 2.9×
Peer median: 2.3×

CMS Energy's price to sales ratio is 2.5× as of Oct 23, 2026.

That is below its 8-year median of 2.5×, close to the middle of its last 8 years.

Over that time it ranged from 1.9× in Oct 2023 to 2.9× in Mar 2025.

The median for 10 electric utilities of a similar size is 2.3×.

Price to sales ratio over time

median 2.5×

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	2.5×	2.2×	2.8×
2025	2.6×	2.5×	2.9×
2024	2.7×	2.1×	2.9×
2023	2.2×	1.9×	2.2×
2022	2.2×	1.9×	2.9×
2021	2.6×	2.3×	2.8×
2020	2.6×	2.1×	2.8×
2019	2.6×	2.0×	2.7×
2018	2.1×	2.0×	2.2×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	1.3×	1.2×	1.4×
2014	1.3×	1.1×	1.3×
2013	1.1×	1.1×	1.2×

Against its peers

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

Company	Price to sales ratio
CMSCMS Energy	2.5×
EIXEdison International	1.1×
EVRGEvergy	3.2×
ESEversource Energy	1.8×
PPLPPL	2.8×
LNTAlliant Energy	4.1×
FEFirstEnergy	1.7×
CNPCenterPoint Energy	2.8×
DTEDTE Energy	1.7×
AEEAmeren	3.4×
PCGPG&E	1.3×
Peer median	2.3×

Where CMS Energy ranks

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

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.