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CMS EnergyFRA:CSG +0.03%67 Shiller PE Ratio is 19.54 as of Aug. 28, 2026, which is 27% below its 10-year median of 26.90. GuruFocus rates FRA:CSG with a GF Score™ of 67/100 and a GF Value™ of €65.44 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 396 Utilities - Regulated companies, CMS Energy ranks worse than 62.88% on this metric.
As of today (2026-08-28), CMS Energy's current share price is €59.20. CMS Energy's E10 for the quarter that ended in Jun. 2026 was €3.03. CMS Energy's Shiller PE Ratio for today is 19.54.
The historical rank and industry rank for CMS Energy's Shiller PE Ratio or its related term are showing as below:
FRA:CSG'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 18.31 Med: 26.9 Max: 38.82
Current: 20.09
During the past years, CMS Energy's highest Shiller PE Ratio was 38.82. The lowest was 18.31. And the median was 26.90.
FRA:CSG's Shiller PE Ratio is ranked worse than 62.88% of 396
companies
in the Utilities - Regulated industry
Industry Median: 17.02
vs FRA:CSG: 20.09
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
CMS Energy's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.321. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €3.03 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
CMS Energy Shiller PE Ratio Related Terms
CMS Energy Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for CMS Energy's Shiller PE Ratio 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.
FRA:CSG vs EVRG, LNT, PPL: Shiller PE Ratio Comparison
For the Utilities - Regulated Electric subindustry, CMS Energy's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where CMS Energy's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
CMS Energy's Shiller PE 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.
CMS Energy's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, CMS Energy's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
CMS Energy (FRA:CSG) has a Shiller PE Ratio of 19.54 as of Aug. 28, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on CMS Energy and its competitors. This is 27% below median its historical median of 26.90. Over the past decade, CMS Energy's Shiller PE Ratio has ranged from 18.31 to 38.82. According to the industry distribution chart, CMS Energy ranks #249 out of 396 companies in the Utilities - Regulated industry, placing it in the top 62.9%.
Is CMS Energy's Shiller PE Ratio too high?
CMS Energy's current Shiller PE Ratio of 19.54 is 27% below median its 10-year median of 26.90. Over the past 10 years, this metric has ranged from a low of 18.31 to a high of 38.82. The Utilities - Regulated industry median Shiller PE Ratio is 17.02. CMS Energy's value of 19.54 is 14.8% above this industry median. Based on the distribution chart, CMS Energy ranks #249 out of 396 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, CMS Energy has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Shiller PE Ratio compare to EVRG and LNT?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #249 out of 396 companies for Shiller PE Ratio. This places CMS Energy in the lower half of its industry. The industry median Shiller PE Ratio is 17.02. CMS Energy's value of 19.54 is 14.8% above this benchmark. Historically, CMS Energy's own Shiller PE Ratio has ranged from 18.31 to 38.82 over the past decade. While the company's 10-year median is 26.90 vs. the industry median of 17.02, 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 Shiller PE Ratio for an Utilities - Regulated company?
The median Shiller PE Ratio among Utilities - Regulated companies is 17.02, based on 396 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current Shiller PE Ratio of 19.54 is 14.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median Shiller PE Ratio is 17.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Shiller PE Ratio is 19.54, which is 27% below median its own 10-year median of 26.90. 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 (FRA:CSG) is currently considered Modestly Undervalued. The stock's GF Value™ is €65.44, compared to a current price of €59.20 — trading 9.5% below its estimated fair value. The current Shiller PE Ratio is 19.54, which is 27% below median its 10-year median of 26.90 and 14.8% above the Utilities - Regulated industry median of 17.02. CMS Energy's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For CMS Energy (FRA:CSG), the current Shiller PE Ratio is 19.54 as of Aug. 28, 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 (FRA:CSG) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be undervalued.
The current stock price of €59.20 is trading 9.5% below its estimated GF Value™ of €65.44.
GuruFocus considers CMS Energy to be Modestly Undervalued.
Key valuation signals for FRA:CSG:
Shiller PE Ratio: 19.54 (27% below median its 10-year median of 26.90)
GF Value™: €65.44 vs. price of €59.20 (9.5% below fair value)
Industry Position: 14.8% above the Utilities - Regulated median (#249 of 396)
No single metric tells the full story. See the FRA:CSG 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.
67GF Score
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