CMS (CMS Energy) 10-Year RORE % : 12.90% (As of Mar. 2026)


CMS CMS Energy Corp CMS
75 GF Score
Price $75.92
GF Value $76.06
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is CMS Energy 10-Year RORE %?

CMS Energy CMS -0.76% 75 10-Year RORE % is 12.90 as of Mar. 2026. GuruFocus rates CMS with a GF Score™ of 75/100 and a GF Value™ of $76.06 (Fairly Valued). The stock has 10 warning signs investors should review. Among 406 Utilities - Regulated companies, CMS Energy ranks better than 58.87% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. CMS Energy's 10-Year RORE % for the quarter that ended in Mar. 2026 was 12.90%.

The industry rank for CMS Energy's 10-Year RORE % or its related term are showing as below:

CMS's 10-Year RORE % is ranked better than
58.87% of 406 companies
in the Utilities - Regulated industry
Industry Median: 10.12 vs CMS: 12.90

CMS Energy  (NYSE:CMS) 10-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 10-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


CMS Energy 10-Year RORE % Related Terms


CMS Energy 10-Year RORE % Historical Data

* Premium members only.

The historical data trend for CMS Energy's 10-Year RORE % 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.

CMS Energy 10-Year RORE % Chart

CMS Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
10-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.61 12.27 12.37 13.27 13.45

CMS Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.00 13.05 12.35 13.45 12.90

CMS vs ES, PPL, FE: 10-Year RORE % Comparison

For the Utilities - Regulated Electric subindustry, CMS Energy's 10-Year RORE %, along with its competitors' market caps and 10-Year RORE % 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 10-Year RORE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CMS Energy's 10-Year RORE % distribution charts can be found below:

* The bar in red indicates where CMS Energy's 10-Year RORE % falls into.


CMS
75GF Score
CMS Energy Corp CMS
10-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CMS Energy 10-Year RORE % Calculation

CMS Energy's 10-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

10-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 10-year -Cumulative Dividends per Share for 10-year )
=( 3.613-2.11 )/( 28.839-17.192 )
=1.503/11.647
=12.90 %

* 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.

In the calculation of 10-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 10-year before.

Frequently Asked Questions Learn more about 10-Year RORE % →
What does a 10-Year RORE % of 12.90 mean?
CMS Energy (CMS) has a 10-Year RORE % of 12.90 as of Mar. 2026. 10-Year RORE % shows how much a company earns by reinvesting its retained earnings in 10-year. View historical data on CMS Energy and its competitors. According to the industry distribution chart, CMS Energy ranks #167 out of 406 companies in the Utilities - Regulated industry, placing it in the top 41.1%.
Is CMS Energy's 10-Year RORE % too high?
CMS Energy's current 10-Year RORE % is 12.90. The Utilities - Regulated industry median 10-Year RORE % is 10.12. CMS Energy's value of 12.90 is 27.5% above this industry median. Based on the distribution chart, CMS Energy ranks #167 out of 406 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CMS Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's 10-Year RORE % compare to ES and PPL?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #167 out of 406 companies for 10-Year RORE %. This puts CMS Energy in the upper half of its industry. The industry median 10-Year RORE % is 10.12. CMS Energy's value of 12.90 is 27.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year RORE % for an Utilities - Regulated company?
The median 10-Year RORE % among Utilities - Regulated companies is 10.12, based on 406 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current 10-Year RORE % of 12.90 is 27.5% 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 10-Year RORE % mean?
A high 10-Year RORE % can signal that a stock is expensive relative to its fundamentals. 10-Year RORE % shows how much a company earns by reinvesting its retained earnings in 10-year. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median 10-Year RORE % is 10.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current 10-Year RORE % is 12.90. 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 $75.92 — trading 0.2% below its estimated fair value. The current 10-Year RORE % is 12.90 and 27.5% above the Utilities - Regulated industry median of 10.12. CMS Energy's overall GF Score™ is 75/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year RORE % calculated?
10-Year RORE % is calculated from a company's financial statements. For CMS Energy (CMS), the current 10-Year RORE % is 12.90 as of Mar. 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 $75.92 is trading 0.2% below its estimated GF Value™ of $76.06. GuruFocus considers CMS Energy to be Fairly Valued.

Key valuation signals for CMS:

  • 10-Year RORE %: 12.90
  • GF Value™: $76.06 vs. price of $75.92 (0.2% below fair value)
  • GF Score™: 75/100 with 10 warning signs
  • Industry Position: 27.5% above the Utilities - Regulated median (#167 of 406)

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 Business Description

Address One Energy Plaza, Jackson, MI, USA, 49201
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.
75GF Score

Get the complete analysis for CMS

10-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$75.92
Price
$76.06
GF Value