As of today (2024-04-27), CMS Energy's share price is $59.34. CMS Energy's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $25.86. Hence, CMS Energy's Price to Tangible Book Ratio of today is 2.29.
The historical rank and industry rank for CMS Energy's Price-to-Tangible-Book or its related term are showing as below:
CMS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.22 Med: 2.88 Max: 3.66
Current: 2.29
During the past 13 years, CMS Energy's highest Price to Tangible Book Ratio was 3.66. The lowest was 2.22. And the median was 2.88.
CMS's Price-to-Tangible-Book is ranked worse than 66.45% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1.78
vs CMS: 2.29
The historical data trend for CMS Energy's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CMS Energy's Price-to-Tangible-Book
For the Utilities - Regulated Electric subindustry, CMS Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CMS Energy's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CMS Energy's Price-to-Tangible-Book falls into.
CMS Energy Price-to-Tangible-Book Calculation
CMS Energy's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
CMS Energy Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of CMS Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
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