CMS EnergyCMS +2.38%73 5-Year Yield-on-Cost % is 3.89 as of Jul. 03, 2026, which is 3% above its 10-year median of 3.78. GuruFocus rates CMS with a GF Score™ of 73/100 and a GF Value™ of $76.07 (Fairly Valued). The stock has 11 warning signs investors should review. Among 428 Utilities - Regulated companies, CMS Energy ranks worse than 55.37% on this metric.
CMS Energy's yield on cost for the quarter that ended in Mar. 2026 was 3.89.
The historical rank and industry rank for CMS Energy's 5-Year Yield-on-Cost % or its related term are showing as below:
CMS'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.98 Med: 3.78 Max: 4.85
Current: 3.89
During the past 13 years, CMS Energy's highest Yield on Cost was 4.85. The lowest was 2.98. And the median was 3.78.
CMS's 5-Year Yield-on-Cost % is ranked worse than 55.37% of 428
companies
in the Utilities - Regulated industry
Industry Median: 4.17
vs CMS: 3.89
CMS Energy (NYSE:CMS) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
CMS Energy 5-Year Yield-on-Cost % Related Terms
CMS vs ES, PPL, FE: 5-Year Yield-on-Cost % Comparison
For the Utilities - Regulated Electric subindustry, CMS Energy's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where CMS Energy's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of CMS Energy is calculated as
CMS Energy (CMS) has a 5-Year Yield-on-Cost % of 3.89 as of Jul. 03, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on CMS Energy and its competitors. This is near median its historical median of 3.78. Over the past decade, CMS Energy's 5-Year Yield-on-Cost % has ranged from 2.98 to 4.85. According to the industry distribution chart, CMS Energy ranks #237 out of 428 companies in the Utilities - Regulated industry, placing it in the top 55.4%.
Is CMS Energy's 5-Year Yield-on-Cost % too high?
CMS Energy's current 5-Year Yield-on-Cost % of 3.89 is near median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 4.85. The Utilities - Regulated industry median 5-Year Yield-on-Cost % is 4.17. CMS Energy's value of 3.89 is 6.7% below this industry median. Based on the distribution chart, CMS Energy ranks #237 out of 428 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, CMS Energy has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's 5-Year Yield-on-Cost % compare to ES and PPL?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #237 out of 428 companies for 5-Year Yield-on-Cost %. This places CMS Energy in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 4.17. CMS Energy's value of 3.89 is 6.7% below this benchmark. Historically, CMS Energy's own 5-Year Yield-on-Cost % has ranged from 2.98 to 4.85 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 4.17, CMS Energy has consistently been below 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 5-Year Yield-on-Cost % for an Utilities - Regulated company?
The median 5-Year Yield-on-Cost % among Utilities - Regulated companies is 4.17, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current 5-Year Yield-on-Cost % of 3.89 is 6.7% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median 5-Year Yield-on-Cost % is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current 5-Year Yield-on-Cost % is 3.89, which is near median its own 10-year median of 3.78. 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 $76.07, compared to a current price of $77.73 — trading 2.2% above its estimated fair value. The current 5-Year Yield-on-Cost % is 3.89, which is near median its 10-year median of 3.78 and 6.7% below the Utilities - Regulated industry median of 4.17. CMS Energy's overall GF Score™ is 73/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For CMS Energy (CMS), the current 5-Year Yield-on-Cost % is 3.89 as of Jul. 03, 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 overvalued.
The current stock price of $77.73 is trading 2.2% above its estimated GF Value™ of $76.07.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for CMS:
5-Year Yield-on-Cost %: 3.89 (near median its 10-year median of 3.78)
GF Value™: $76.07 vs. price of $77.73 (2.2% above fair value)
Industry Position: 6.7% below the Utilities - Regulated median (#237 of 428)
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.
73GF Score
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