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CMS Energy Corporation (CMS) EV/Sales Ratio: 4.64x

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

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

CMS Energy Corporation's EV/Sales ratio of 4.64x is in line with its 5-year average of 4.38x, around the middle of its 5-year range (3.46x–5.20x).

As of Monday, June 15, 2026. 3.11% below its 12-month average of 4.79x.

EV/EBITDA|P/S Ratio|Revenue|All Metrics

CMS EV/Sales Ratio Chart

CMS EV/Sales Ratio
4.64x-4.13% 1Y
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CMS Average EV/Sales Ratio Chart

CMS Current vs Average EV/Sales Ratio Chart

CMS EV/Sales Ratio Metrics

EV/SALES RATIO

4.64x

EV/SALES RATIO AVG TTM

4.79x

EV/SALES RATIO AVG 3Y

4.58x

EV/SALES RATIO AVG 5Y

4.38x

EV/SALES RATIO AVG 10Y

4.17x

EV/SALES RATIO AVG 15Y

3.56x

EV/SALES RATIO AVG 20Y

3.05x

CURRENT VS TTM AVG

-3.11%

CURRENT VS 3Y AVG

+1.40%

CURRENT VS 5Y AVG

+6.00%

CURRENT VS 10Y AVG

+11.28%

CURRENT VS 15Y AVG

+30.46%

CURRENT VS 20Y AVG

+52.09%

CMS Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
CMS Energy Corporation (CMS)$22.82B4.64x4.79x4.58x4.38x
NiSource Inc. (NI)vs ›$22.76B5.79x5.73x5.20x4.83x
American Water Works Company, Inc. (AWK)vs ›$24.78B7.74x8.23x8.70x9.35x
Alliant Energy Corporation (LNT)vs ›$19.00B6.96x6.77x6.15x6.04x
FirstEnergy Corp. (FE)vs ›$27.38B3.57x3.61x3.57x3.69x
Talen Energy Corporation (TLN)vs ›$17.65B5.12x8.62x6.10x6.10x
CenterPoint Energy, Inc. (CNP)vs ›$28.18B5.57x5.33x4.66x4.36x
Atmos Energy Corporation (ATO)vs ›$28.31B7.78x7.79x6.84x6.44x
WEC Energy Group, Inc. (WEC)vs ›$37.13B5.92x6.00x5.55x5.45x
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B9.72x9.06x8.26x8.53x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

CMS Energy Corporation EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

CMS Energy Corporation EV/Sales Ratio FAQ

What is the EV/Sales ratio for CMS Energy Corporation (CMS)?
The EV/Sales ratio for CMS stock is 4.64x.
Is CMS Energy Corporation's EV/Sales ratio high or low?
CMS Energy Corporation's EV/Sales ratio of 4.64x is in line with its 5-year average of 4.38x, around the middle of its 5-year range (3.46x–5.20x).
What is the TTM average EV/Sales ratio for CMS Energy Corporation (CMS)?
The TTM average EV/Sales ratio for CMS stock is 4.79x.
What is the 3Y average EV/Sales ratio for CMS Energy Corporation (CMS)?
The 3Y average EV/Sales ratio for CMS stock is 4.58x.
What is the 5Y average EV/Sales ratio for CMS Energy Corporation (CMS)?
The 5Y average EV/Sales ratio for CMS stock is 4.38x.
What is the 10Y average EV/Sales ratio for CMS Energy Corporation (CMS)?
The 10Y average EV/Sales ratio for CMS stock is 4.17x.
What is the 15Y average EV/Sales ratio for CMS Energy Corporation (CMS)?
The 15Y average EV/Sales ratio for CMS stock is 3.56x.
What is the 20Y average EV/Sales ratio for CMS Energy Corporation (CMS)?
The 20Y average EV/Sales ratio for CMS stock is 3.05x.

CMS Energy Corporation EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-124.64x
2026-06-114.61x
2026-06-104.64x
2026-06-094.61x
2026-06-084.55x
2026-06-054.59x
2026-06-044.53x
2026-06-034.53x
2026-06-024.58x
2026-06-014.54x
2026-05-294.61x
2026-05-284.63x
2026-05-274.66x
2026-05-264.66x
2026-05-224.67x
2026-05-214.64x
2026-05-204.62x
2026-05-194.63x
2026-05-184.59x
2026-05-154.57x
2026-05-144.63x
2026-05-134.61x
2026-05-124.63x
2026-05-114.63x
2026-05-084.61x
2026-05-074.65x
2026-05-064.66x
2026-05-054.69x
2026-05-044.71x
2026-05-014.72x
2026-04-304.75x
2026-04-294.68x
2026-04-284.72x
2026-04-274.82x
2026-04-244.83x
2026-04-234.84x
2026-04-224.78x
2026-04-214.80x
2026-04-204.85x
2026-04-174.88x
2026-04-164.89x
2026-04-154.87x
2026-04-144.92x
2026-04-134.90x
2026-04-104.94x
2026-04-094.95x
2026-04-084.92x
2026-04-074.91x
2026-04-064.90x
2026-04-024.91x
2026-04-014.88x
2026-03-314.87x
2026-03-304.86x
2026-03-274.82x
2026-03-264.83x
2026-03-254.80x
2026-03-244.79x
2026-03-234.77x
2026-03-204.76x
2026-03-194.87x
2026-03-184.87x
2026-03-174.90x
2026-03-164.90x
2026-03-134.88x
2026-03-124.84x
2026-03-114.81x
2026-03-104.83x
2026-03-094.86x
2026-03-064.86x
2026-03-054.86x
2026-03-044.89x
2026-03-034.88x
2026-03-024.89x
2026-02-274.89x
2026-02-264.85x
2026-02-254.84x
2026-02-244.84x
2026-02-234.83x
2026-02-204.81x
2026-02-194.81x
2026-02-184.78x
2026-02-174.82x
2026-02-134.84x
2026-02-124.77x
2026-02-114.76x
2026-02-104.74x
2026-02-094.77x
2026-02-064.77x
2026-02-054.77x
2026-02-044.73x
2026-02-034.74x
2026-02-024.69x
2026-01-304.72x
2026-01-294.70x
2026-01-284.74x
2026-01-274.74x
2026-01-264.73x
2026-01-234.70x
2026-01-224.71x
2026-01-214.73x
2026-01-204.72x
2026-01-164.73x
2026-01-154.72x
2026-01-144.70x
2026-01-134.69x
2026-01-124.66x
2026-01-094.67x
2026-01-084.66x
2026-01-074.65x
2026-01-064.68x
2026-01-054.65x
2026-01-024.69x
2025-12-314.67x
2025-12-304.69x
2025-12-294.67x
2025-12-264.67x
2025-12-244.67x
2025-12-234.67x
2025-12-224.66x
2025-12-194.64x
2025-12-184.69x
2025-12-174.68x
2025-12-164.67x
2025-12-154.70x
2025-12-124.66x
2025-12-114.66x
2025-12-104.67x
2025-12-094.69x
2025-12-084.69x
2025-12-054.71x
2025-12-044.73x
2025-12-034.75x
2025-12-024.77x
2025-12-014.78x
2025-11-284.87x
2025-11-264.86x
2025-11-254.84x
2025-11-244.83x
2025-11-214.82x
2025-11-204.80x
2025-11-194.78x
2025-11-184.82x
2025-11-174.83x
2025-11-144.81x
2025-11-134.81x
2025-11-124.85x
2025-11-114.85x
2025-11-104.82x
2025-11-074.79x
2025-11-064.76x
2025-11-054.76x
2025-11-044.78x
2025-11-034.76x
2025-10-314.80x
2025-10-304.79x
2025-10-294.84x
2025-10-284.89x
2025-10-274.93x
2025-10-244.93x
2025-10-234.93x
2025-10-224.95x
2025-10-214.93x
2025-10-204.95x
2025-10-174.94x
2025-10-164.93x
2025-10-154.96x
2025-10-144.92x
2025-10-134.89x
2025-10-104.91x
2025-10-094.88x
2025-10-084.88x
2025-10-074.90x
2025-10-064.88x
2025-10-034.84x
2025-10-024.83x
2025-10-014.85x
2025-09-304.88x
2025-09-294.86x
2025-09-264.83x
2025-09-254.79x
2025-09-244.82x
2025-09-234.81x
2025-09-224.77x
2025-09-194.76x
2025-09-184.76x
2025-09-174.77x
2025-09-164.76x
2025-09-154.82x
2025-09-124.82x
2025-09-114.82x
2025-09-104.80x
2025-09-094.79x
2025-09-084.78x
2025-09-054.81x
2025-09-044.81x
2025-09-034.81x
2025-09-024.80x
2025-08-294.82x
2025-08-284.80x
2025-08-274.84x
2025-08-264.84x
2025-08-254.84x
2025-08-224.87x
2025-08-214.86x
2025-08-204.87x
2025-08-194.87x
2025-08-184.83x
2025-08-154.84x
2025-08-144.85x
2025-08-134.89x
2025-08-124.86x
2025-08-114.87x
2025-08-084.89x
2025-08-074.93x
2025-08-064.91x
2025-08-054.91x
2025-08-044.93x
2025-08-014.91x
2025-07-314.90x
2025-07-304.89x
2025-07-294.90x
2025-07-284.86x
2025-07-254.92x
2025-07-244.92x
2025-07-234.92x
2025-07-224.95x
2025-07-214.89x
2025-07-184.88x
2025-07-174.84x
2025-07-164.83x
2025-07-154.82x
2025-07-144.83x
2025-07-114.82x
2025-07-104.83x
2025-07-094.80x
2025-07-084.78x
2025-07-074.79x
2025-07-034.83x
2025-07-024.80x
2025-07-014.81x
2025-06-304.78x
2025-06-274.77x
2025-06-264.78x
2025-06-254.75x
2025-06-244.80x
2025-06-234.80x
2025-06-204.77x
2025-06-184.76x
2025-06-174.77x
2025-06-164.79x
2025-06-134.83x
2025-06-124.84x
2025-06-114.81x
2025-06-104.81x
2025-06-094.80x
2025-06-064.81x
2025-06-054.78x
2025-06-044.80x
2025-06-034.84x
2025-06-024.82x

Showing the most recent 260 of 5,033 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll 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