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CMS Energy CMS Price / book

Price / book at other companies

Nextra Energy logo
Nextra EnergyNEE
3.5×+0.6×
DTE Energy logo
DTE EnergyDTE
2.5×+0.1×
PG&E logo
PG&EPCG
1.2×-0.1×
Entergy logo
EntergyETR
+0.5×
Duke Energy logo
Duke EnergyDUK
1.8×+0.2×
CNP
CenterPoint EnergyCNP
2.5×+0.3×

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$22.65B+6.4%
Enterprise value$41.5B+9.9%
P/E20.5×-0.4×
P/S2.6×-0.2×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from CMS Energy’s reported figures.

Based on the most recent quarter.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's price / book?
CMS Energy (CMS) reported price / book of 2.5× in Q1 2026.
How has CMS Energy's price / book changed year-over-year?
CMS Energy's price / book decreased by 6.4% year-over-year, from 2.7× to 2.5×.
What is the long-term trend for CMS Energy's price / book?
Over 4 years (2021 to 2025), CMS Energy's price / book has grown at a -4.0% compound annual growth rate (CAGR), from 11.7× to 10×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.