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CMS Energy Corporation (CMS) EV/EBITDA Ratio: 12.67x

popular:market cap|pe ratio|revenue|price history|total return

Is CMS Energy Corporation’s EV/EBITDA ratio high or low?

CMS Energy Corporation's EV/EBITDA ratio of 12.67x is in line with its 5-year average of 12.26x, around the middle of its 5-year range (11.08x–13.69x).

As of Monday, June 15, 2026. 3.45% above its 12-month average of 12.25x.

EV/Sales|P/E Ratio|EBITDA|All Metrics

CMS EV/EBITDA Ratio Chart

CMS EV/EBITDA Ratio
12.67x+5.94% 1Y
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CMS Average EV/EBITDA Ratio Chart

CMS Current vs Average EV/EBITDA Ratio Chart

CMS EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

12.67x

EV/EBITDA RATIO AVG TTM

12.25x

EV/EBITDA RATIO AVG 3Y

12.07x

EV/EBITDA RATIO AVG 5Y

12.26x

EV/EBITDA RATIO AVG 10Y

12.03x

EV/EBITDA RATIO AVG 15Y

10.98x

EV/EBITDA RATIO AVG 20Y

10.55x

CURRENT VS TTM AVG

+3.45%

CURRENT VS 3Y AVG

+4.96%

CURRENT VS 5Y AVG

+3.37%

CURRENT VS 10Y AVG

+5.29%

CURRENT VS 15Y AVG

+15.34%

CURRENT VS 20Y AVG

+20.14%

CMS Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
CMS Energy Corporation (CMS)$22.82B12.67x12.25x12.07x12.26x
NiSource Inc. (NI)vs ›$22.76B12.66x12.51x11.91x12.00x
American Water Works Company, Inc. (AWK)vs ›$24.78B14.38x14.72x15.69x17.51x
Alliant Energy Corporation (LNT)vs ›$19.00B15.00x14.49x13.72x13.85x
FirstEnergy Corp. (FE)vs ›$27.38B12.36x11.71x11.96x11.71x
Talen Energy Corporation (TLN)vs ›$17.65B29.82x29.38x14.21x14.21x
CenterPoint Energy, Inc. (CNP)vs ›$28.18B13.69x13.61x12.38x11.99x
Atmos Energy Corporation (ATO)vs ›$28.31B14.71x15.35x14.34x14.81x
WEC Energy Group, Inc. (WEC)vs ›$37.13B14.40x13.89x13.35x13.81x
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B12.78x11.77x10.18x10.08x

EV/EBITDA vs. its own history

At 12.7, EV/EBITDA is richer than usual, sitting higher than 77% of its 20-year history.

20-year low

6.2

median

10.9

20-year high

25.4

cheaperricher

CMS Energy Corporation EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

CMS Energy Corporation EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The EV/EBITDA ratio for CMS stock is 12.67x.
Is CMS Energy Corporation's EV/EBITDA ratio high or low?
CMS Energy Corporation's EV/EBITDA ratio of 12.67x is in line with its 5-year average of 12.26x, around the middle of its 5-year range (11.08x–13.69x).
What is the TTM average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The TTM average EV/EBITDA ratio for CMS stock is 12.25x.
What is the 3Y average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The 3Y average EV/EBITDA ratio for CMS stock is 12.07x.
What is the 5Y average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The 5Y average EV/EBITDA ratio for CMS stock is 12.26x.
What is the 10Y average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The 10Y average EV/EBITDA ratio for CMS stock is 12.03x.
What is the 15Y average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The 15Y average EV/EBITDA ratio for CMS stock is 10.98x.
What is the 20Y average EV/EBITDA ratio for CMS Energy Corporation (CMS)?
The 20Y average EV/EBITDA ratio for CMS stock is 10.55x.

CMS Energy Corporation EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1212.67x
2026-06-1112.60x
2026-06-1012.66x
2026-06-0912.58x
2026-06-0812.42x
2026-06-0512.52x
2026-06-0412.37x
2026-06-0312.36x
2026-06-0212.51x
2026-06-0112.39x
2026-05-2912.57x
2026-05-2812.63x
2026-05-2712.73x
2026-05-2612.73x
2026-05-2212.76x
2026-05-2112.67x
2026-05-2012.61x
2026-05-1912.64x
2026-05-1812.53x
2026-05-1512.49x
2026-05-1412.64x
2026-05-1312.60x
2026-05-1212.64x
2026-05-1112.63x
2026-05-0812.58x
2026-05-0712.70x
2026-05-0612.71x
2026-05-0512.79x
2026-05-0412.86x
2026-05-0112.90x
2026-04-3012.96x
2026-04-2912.78x
2026-04-2812.89x
2026-04-2712.91x
2026-04-2412.93x
2026-04-2312.96x
2026-04-2212.81x
2026-04-2112.86x
2026-04-2013.00x
2026-04-1713.07x
2026-04-1613.10x
2026-04-1513.04x
2026-04-1413.17x
2026-04-1313.14x
2026-04-1013.22x
2026-04-0913.28x
2026-04-0813.17x
2026-04-0713.15x
2026-04-0613.12x
2026-04-0213.15x
2026-04-0113.09x
2026-03-3113.05x
2026-03-3013.02x
2026-03-2712.92x
2026-03-2612.94x
2026-03-2512.85x
2026-03-2412.84x
2026-03-2312.77x
2026-03-2012.76x
2026-03-1913.04x
2026-03-1813.04x
2026-03-1713.12x
2026-03-1613.12x
2026-03-1313.08x
2026-03-1212.98x
2026-03-1112.89x
2026-03-1012.94x
2026-03-0913.02x
2026-03-0613.01x
2026-03-0513.02x
2026-03-0413.10x
2026-03-0313.07x
2026-03-0213.10x
2026-02-2713.10x
2026-02-2613.00x
2026-02-2512.96x
2026-02-2412.98x
2026-02-2312.93x
2026-02-2012.89x
2026-02-1912.89x
2026-02-1812.82x
2026-02-1712.91x
2026-02-1312.97x
2026-02-1212.78x
2026-02-1112.76x
2026-02-1012.69x
2026-02-0911.88x
2026-02-0611.89x
2026-02-0511.89x
2026-02-0411.77x
2026-02-0311.79x
2026-02-0211.68x
2026-01-3011.76x
2026-01-2911.71x
2026-01-2811.79x
2026-01-2711.81x
2026-01-2611.77x
2026-01-2311.69x
2026-01-2211.72x
2026-01-2111.78x
2026-01-2011.75x
2026-01-1611.78x
2026-01-1511.75x
2026-01-1411.71x
2026-01-1311.68x
2026-01-1211.62x
2026-01-0911.63x
2026-01-0811.62x
2026-01-0711.59x
2026-01-0611.66x
2026-01-0511.58x
2026-01-0211.67x
2025-12-3111.62x
2025-12-3011.67x
2025-12-2911.64x
2025-12-2611.63x
2025-12-2411.64x
2025-12-2311.63x
2025-12-2211.61x
2025-12-1911.55x
2025-12-1811.68x
2025-12-1711.65x
2025-12-1611.62x
2025-12-1511.70x
2025-12-1211.62x
2025-12-1111.61x
2025-12-1011.63x
2025-12-0911.67x
2025-12-0811.68x
2025-12-0511.73x
2025-12-0411.78x
2025-12-0311.83x
2025-12-0211.87x
2025-12-0111.91x
2025-11-2812.12x
2025-11-2612.11x
2025-11-2512.06x
2025-11-2412.02x
2025-11-2111.99x
2025-11-2011.95x
2025-11-1911.90x
2025-11-1812.01x
2025-11-1712.03x
2025-11-1411.99x
2025-11-1311.98x
2025-11-1212.08x
2025-11-1112.07x
2025-11-1012.00x
2025-11-0711.92x
2025-11-0611.84x
2025-11-0511.86x
2025-11-0411.89x
2025-11-0311.85x
2025-10-3111.95x
2025-10-3011.92x
2025-10-2912.04x
2025-10-2812.15x
2025-10-2712.26x
2025-10-2412.27x
2025-10-2312.25x
2025-10-2212.31x
2025-10-2112.25x
2025-10-2012.30x
2025-10-1712.27x
2025-10-1612.27x
2025-10-1512.32x
2025-10-1412.23x
2025-10-1312.16x
2025-10-1012.21x
2025-10-0912.13x
2025-10-0812.13x
2025-10-0712.18x
2025-10-0612.13x
2025-10-0312.05x
2025-10-0212.00x
2025-10-0112.05x
2025-09-3012.13x
2025-09-2912.09x
2025-09-2612.00x
2025-09-2511.92x
2025-09-2411.98x
2025-09-2311.97x
2025-09-2211.87x
2025-09-1911.84x
2025-09-1811.85x
2025-09-1711.86x
2025-09-1611.83x
2025-09-1511.98x
2025-09-1211.99x
2025-09-1111.98x
2025-09-1011.94x
2025-09-0911.91x
2025-09-0811.89x
2025-09-0511.97x
2025-09-0411.97x
2025-09-0311.97x
2025-09-0211.94x
2025-08-2911.98x
2025-08-2811.94x
2025-08-2712.03x
2025-08-2612.02x
2025-08-2512.04x
2025-08-2212.12x
2025-08-2112.09x
2025-08-2012.11x
2025-08-1912.11x
2025-08-1812.02x
2025-08-1512.04x
2025-08-1412.07x
2025-08-1312.15x
2025-08-1212.09x
2025-08-1112.10x
2025-08-0812.15x
2025-08-0712.25x
2025-08-0612.21x
2025-08-0512.22x
2025-08-0412.26x
2025-08-0112.21x
2025-07-3112.18x
2025-07-3012.09x
2025-07-2912.10x
2025-07-2812.01x
2025-07-2512.15x
2025-07-2412.16x
2025-07-2312.16x
2025-07-2212.23x
2025-07-2112.10x
2025-07-1812.07x
2025-07-1711.97x
2025-07-1611.95x
2025-07-1511.92x
2025-07-1411.94x
2025-07-1111.92x
2025-07-1011.94x
2025-07-0911.86x
2025-07-0811.83x
2025-07-0711.85x
2025-07-0311.93x
2025-07-0211.86x
2025-07-0111.90x
2025-06-3011.82x
2025-06-2711.79x
2025-06-2611.81x
2025-06-2511.75x
2025-06-2411.86x
2025-06-2311.87x
2025-06-2011.79x
2025-06-1811.77x
2025-06-1711.80x
2025-06-1611.84x
2025-06-1311.94x
2025-06-1211.96x
2025-06-1111.89x
2025-06-1011.90x
2025-06-0911.85x
2025-06-0611.89x
2025-06-0511.82x
2025-06-0411.86x
2025-06-0311.97x
2025-06-0211.91x

Showing the most recent 260 of 4,932 data points. The chart above shows the full history.

Related Metrics

EV/SalesP/E RatioEBITDAAll Metrics

About CMS Energy Corporation

CMS Energy Corporation (CMS) operates as a significant utility provider with its primary services concentrated in Michigan. The company's business is structured into three main divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment encompasses the full spectrum of electricity operations, from generating power using a variety of sources—including coal, wind, natural gas, renewable energies, oil, and nuclear—to its subsequent purchase, transmission, distribution, and sale to customers. Its extensive electrical grid is supported by approximately 4,636 miles of high-voltage overhead distribution lines, 23 miles of high-voltage underground distribution lines, an additional 82,474 miles of electric overhead distribution lines, and 9,395 miles of underground distribution lines. This vast network also includes 1,093 substations and 3 battery storage facilities. The Gas Utility division is responsible for procuring, transmitting, storing, distributing, and selling natural gas. This segment's infrastructure features 2,392 miles of transmission pipelines, 15 natural gas storage fields, 28,065 miles of distribution mains, and 8 compressor stations. The Enterprises segment specializes in independent power generation and energy marketing, particularly focusing on the development and operation of renewable energy projects. CMS Energy serves a considerable customer base, providing electricity to 1.9 million clients and natural gas to 1.8 million clients, spanning residential, commercial, and diverse industrial sectors. The company was established in 1987 and its corporate headquarters are situated in Jackson, Michigan.

Jackson, MI
8,324 employees
www.cmsenergy.com
Utilities / Regulated Electric
Sector
Utilities
Industry
Regulated Electric
CEO
Garrick J. Rochow
View full financials