CMS EnergyCMS -0.15%76 EV-to-EBIT is 20.79 as of Jul. 13, 2026, which is 2% below its 10-year median of 21.24. GuruFocus rates CMS with a GF Score™ of 76/100 and a GF Value™ of $76.06 (Fairly Valued). The stock has 10 warning signs investors should review. Among 463 Utilities - Regulated companies, CMS Energy ranks worse than 75.16% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
CMS Energy's Enterprise Value for the quarter that ended in Mar. 2026 was $43,676 Mil.
CMS Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,067 Mil.
* 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.
CMS Energy EV-to-EBIT Related Terms
CMS Energy EV-to-EBIT Historical Data
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The historical data trend for CMS Energy's EV-to-EBIT 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.
For the Utilities - Regulated Electric subindustry, CMS Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where CMS Energy's EV-to-EBIT falls into.
CMS Energy's current Enterprise Value is $42,969 Mil.
CMS Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,067 Mil.
* 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.
CMS Energy (CMS) has a EV-to-EBIT of 20.79 as of Jul. 13, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CMS Energy and its competitors. This is near median its historical median of 21.24. Over the past decade, CMS Energy's EV-to-EBIT has ranged from 16.12 to 26.84. According to the industry distribution chart, CMS Energy ranks #348 out of 463 companies in the Utilities - Regulated industry, placing it in the top 75.2%.
Is CMS Energy's EV-to-EBIT too high?
CMS Energy's current EV-to-EBIT of 20.79 is near median its 10-year median of 21.24. Over the past 10 years, this metric has ranged from a low of 16.12 to a high of 26.84. The Utilities - Regulated industry median EV-to-EBIT is 13.94. CMS Energy's value of 20.79 is 49.1% above this industry median. Based on the distribution chart, CMS Energy ranks #348 out of 463 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CMS Energy has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's EV-to-EBIT compare to ES and PPL?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #348 out of 463 companies for EV-to-EBIT. This places CMS Energy in the lower half of its industry. The industry median EV-to-EBIT is 13.94. CMS Energy's value of 20.79 is 49.1% above this benchmark. Historically, CMS Energy's own EV-to-EBIT has ranged from 16.12 to 26.84 over the past decade. While the company's 10-year median is 21.24 vs. the industry median of 13.94, CMS Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.94, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current EV-to-EBIT of 20.79 is 49.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current EV-to-EBIT is 20.79, which is near median its own 10-year median of 21.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (CMS) is currently considered Fairly Valued. The stock's GF Value™ is $76.06, compared to a current price of $75.29 — trading 1% below its estimated fair value. The current EV-to-EBIT is 20.79, which is near median its 10-year median of 21.24 and 49.1% above the Utilities - Regulated industry median of 13.94. CMS Energy's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For CMS Energy (CMS), the current EV-to-EBIT is 20.79 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CMS Energy (CMS) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be undervalued.
The current stock price of $75.29 is trading 1% below its estimated GF Value™ of $76.06.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for CMS:
EV-to-EBIT: 20.79 (near median its 10-year median of 21.24)
GF Value™: $76.06 vs. price of $75.29 (1% below fair value)
Industry Position: 49.1% above the Utilities - Regulated median (#348 of 463)
No single metric tells the full story. See the CMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
76GF Score
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