Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CMS Energy's Enterprise Value is MXN759,359 Mil.
CMS Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was MXN37,791 Mil. Therefore, CMS Energy's EV-to-EBIT ratio for today is 20.09.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, CMS Energy's Enterprise Value is MXN759,359 Mil.
CMS Energy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was MXN62,329 Mil. Therefore, CMS Energy's EV-to-EBITDA ratio for today is 12.18.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, CMS Energy's Enterprise Value is MXN759,359 Mil.
CMS Energy's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was MXN161,118 Mil. Therefore, CMS Energy's EV-to-Revenue ratio for today is 4.71.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, CMS Energy's Enterprise Value is MXN759,359 Mil.
CMS Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-42,070 Mil. Therefore, CMS Energy's EV-to-FCF ratio for today is -18.05.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
CMS Energy (MEX:CMS1) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
CMS Energy's current Enterprise Value is MXN759,359 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 MXN37,791 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
CMS Energy's current Enterprise Value is MXN759,359 Mil.
CMS Energy's EBITDA 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 MXN62,329 Mil.
CMS Energy's current Enterprise Value is MXN759,359 Mil.
CMS Energy's Revenue 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 MXN161,118 Mil.
CMS Energy's current Enterprise Value is MXN759,359 Mil.
CMS Energy's Cash Flow from Operations 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 MXN35,382 Mil.
CMS Energy's current Enterprise Value is MXN759,359 Mil.
CMS Energy's Free Cash Flow 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 MXN-42,070 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 Enterprise Value Related Terms
CMS Energy Enterprise Value Historical Data
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The historical data trend for CMS Energy's Enterprise Value 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.
MEX:CMS1 vs ES, PPL, FE: Enterprise Value Comparison
For the Utilities - Regulated Electric subindustry, CMS Energy's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where CMS Energy's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
CMS Energy's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
What does a Enterprise Value of MXN759,359 Mil mean?
CMS Energy (MEX:CMS1) has a Enterprise Value of MXN759,359 Mil as of Jul. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on CMS Energy and its competitors.
Is CMS Energy's Enterprise Value too high?
CMS Energy's current Enterprise Value is MXN759,359 Mil. Overall, CMS Energy has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Enterprise Value compare to ES and PPL?
CMS Energy's Enterprise Value of MXN759,359 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on CMS Energy and its competitors. CMS Energy's current Enterprise Value is MXN759,359 Mil. 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 (MEX:CMS1) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,304.45, compared to a current price of MXN1,312.00 — trading 0.6% above its estimated fair value. The current Enterprise Value is MXN759,359 Mil. CMS Energy's overall GF Score™ is 64/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For CMS Energy (MEX:CMS1), the current Enterprise Value is MXN759,359 Mil as of Jul. 01, 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 (MEX:CMS1) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be overvalued.
The current stock price of MXN1,312.00 is trading 0.6% above its estimated GF Value™ of MXN1,304.45.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for MEX:CMS1:
Enterprise Value: MXN759,359 Mil
GF Value™: MXN1,304.45 vs. price of MXN1,312.00 (0.6% above fair value)
No single metric tells the full story. See the MEX:CMS1 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.
64GF Score
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