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CMS Energy Corporation (CMS) PB Ratio: 2.34

Is CMS Energy Corporation’s P/B ratio high or low?

CMS Energy Corporation's P/B ratio of 2.34 is in line with its 5-year average of 2.59, near the low end of its 5-year range (2.06–3.28).

6.11% below its 12-month average of 2.49.

CMS PB Ratio Chart

CMS PB Ratio
2.34-7.87% 1Y
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CMS Average PB Ratio Chart

CMS Current vs Average PB Ratio Chart

CMS PB Ratio Metrics

PB RATIO

2.34

PB RATIO AVG TTM

2.49

PB RATIO AVG 3Y

2.44

PB RATIO AVG 5Y

2.59

PB RATIO AVG 10Y

2.86

PB RATIO AVG 15Y

2.65

PB RATIO AVG 20Y

2.32

CURRENT VS TTM AVG

-6.11%

CURRENT VS 3Y AVG

-4.15%

CURRENT VS 5Y AVG

-9.62%

CURRENT VS 10Y AVG

-18.06%

CURRENT VS 15Y AVG

-11.81%

CURRENT VS 20Y AVG

+0.87%

CMS Competitors' PB Ratio

NAMEMARKET CAPPB RATIOTTM3Y5Y
CMS Energy Corporation (CMS)$22.73B2.342.492.442.59
Alliant Energy Corporation (LNT)$18.88B2.552.412.182.26
FirstEnergy Corp. (FE)$27.20B2.162.092.002.20
CenterPoint Energy, Inc. (CNP)$28.06B2.472.352.051.97
Atmos Energy Corporation (ATO)$28.37B1.912.031.781.74
WEC Energy Group, Inc. (WEC)$36.95B2.632.662.472.56
Consolidated Edison, Inc. (ED)$39.71B1.531.551.541.54
Public Service Enterprise Group Incorporated (PEG)$39.72B2.302.432.362.31
Exelon Corporation (EXC)$47.28B1.621.631.551.52
Xcel Energy Inc. (XEL)$49.45B2.082.091.972.13

P/B vs. its own history

At 2.34, P/B is in its normal range, sitting higher than 46% of its 20-year history.

20-year low

0.77

median

2.42

20-year high

3.93

cheaperricher

Book Value Analysis

P/B Ratio

2.34

Market Price / Book Value per Share

CMS Energy Corporation PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

CMS Energy Corporation PB Ratio FAQ

What is the P/B ratio for CMS Energy Corporation (CMS)?
The P/B ratio for CMS stock is 2.34.
Is CMS Energy Corporation's P/B ratio high or low?
CMS Energy Corporation's P/B ratio of 2.34 is in line with its 5-year average of 2.59, near the low end of its 5-year range (2.06–3.28).
What is the TTM average P/B ratio for CMS Energy Corporation (CMS)?
The TTM average P/B ratio for CMS stock is 2.49.
What is the 3Y average P/B ratio for CMS Energy Corporation (CMS)?
The 3Y average P/B ratio for CMS stock is 2.44.
What is the 5Y average P/B ratio for CMS Energy Corporation (CMS)?
The 5Y average P/B ratio for CMS stock is 2.59.
What is the 10Y average P/B ratio for CMS Energy Corporation (CMS)?
The 10Y average P/B ratio for CMS stock is 2.86.
What is the 15Y average P/B ratio for CMS Energy Corporation (CMS)?
The 15Y average P/B ratio for CMS stock is 2.65.
What is the 20Y average P/B ratio for CMS Energy Corporation (CMS)?
The 20Y average P/B ratio for CMS stock is 2.32.

CMS Energy Corporation PB Ratio History

DATEPB RATIO
2026-06-122.34
2026-06-112.31
2026-06-102.33
2026-06-092.31
2026-06-082.25
2026-06-052.29
2026-06-042.23
2026-06-032.23
2026-06-022.28
2026-06-012.24
2026-05-292.30
2026-05-282.32
2026-05-272.36
2026-05-262.36
2026-05-222.37
2026-05-212.34
2026-05-202.32
2026-05-192.33
2026-05-182.29
2026-05-152.27
2026-05-142.33
2026-05-132.31
2026-05-122.33
2026-05-112.32
2026-05-082.31
2026-05-072.35
2026-05-062.35
2026-05-052.38
2026-05-042.40
2026-05-012.41
2026-04-302.44
2026-04-292.37
2026-04-282.41
2026-04-272.50
2026-04-242.51
2026-04-232.52
2026-04-222.46
2026-04-212.48
2026-04-202.53
2026-04-172.56
2026-04-162.57
2026-04-152.55
2026-04-142.59
2026-04-132.58
2026-04-102.61
2026-04-092.63
2026-04-082.59
2026-04-072.58
2026-04-062.57
2026-04-022.58
2026-04-012.56
2026-03-312.55
2026-03-302.54
2026-03-272.51
2026-03-262.51
2026-03-252.48
2026-03-242.48
2026-03-232.45
2026-03-202.45
2026-03-192.55
2026-03-182.55
2026-03-172.57
2026-03-162.57
2026-03-132.56
2026-03-122.52
2026-03-112.49
2026-03-102.51
2026-03-092.54
2026-03-062.54
2026-03-052.54
2026-03-042.57
2026-03-032.56
2026-03-022.57
2026-02-272.57
2026-02-262.53
2026-02-252.52
2026-02-242.52
2026-02-232.51
2026-02-202.49
2026-02-192.49
2026-02-182.47
2026-02-172.50
2026-02-132.52
2026-02-122.46
2026-02-112.45
2026-02-102.42
2026-02-092.47
2026-02-062.47
2026-02-052.47
2026-02-042.43
2026-02-032.43
2026-02-022.39
2026-01-302.42
2026-01-292.40
2026-01-282.43
2026-01-272.44
2026-01-262.42
2026-01-232.40
2026-01-222.41
2026-01-212.43
2026-01-202.42
2026-01-162.43
2026-01-152.42
2026-01-142.40
2026-01-132.39
2026-01-122.37
2026-01-092.37
2026-01-082.37
2026-01-072.36
2026-01-062.39
2026-01-052.35
2026-01-022.39
2025-12-312.37
2025-12-302.39
2025-12-292.38
2025-12-262.37
2025-12-242.38
2025-12-232.37
2025-12-222.36
2025-12-192.34
2025-12-182.39
2025-12-172.38
2025-12-162.37
2025-12-152.40
2025-12-122.37
2025-12-112.36
2025-12-102.37
2025-12-092.39
2025-12-082.39
2025-12-052.41
2025-12-042.43
2025-12-032.45
2025-12-022.46
2025-12-012.48
2025-11-282.56
2025-11-262.55
2025-11-252.54
2025-11-242.52
2025-11-212.51
2025-11-202.49
2025-11-192.47
2025-11-182.52
2025-11-172.52
2025-11-142.51
2025-11-132.51
2025-11-122.54
2025-11-112.54
2025-11-102.51
2025-11-072.48
2025-11-062.45
2025-11-052.46
2025-11-042.47
2025-11-032.46
2025-10-312.49
2025-10-302.48
2025-10-292.58
2025-10-282.62
2025-10-272.66
2025-10-242.66
2025-10-232.66
2025-10-222.68
2025-10-212.66
2025-10-202.68
2025-10-172.66
2025-10-162.66
2025-10-152.68
2025-10-142.65
2025-10-132.62
2025-10-102.64
2025-10-092.61
2025-10-082.61
2025-10-072.63
2025-10-062.61
2025-10-032.58
2025-10-022.56
2025-10-012.58
2025-09-302.61
2025-09-292.59
2025-09-262.56
2025-09-252.53
2025-09-242.55
2025-09-232.55
2025-09-222.51
2025-09-192.50
2025-09-182.50
2025-09-172.51
2025-09-162.49
2025-09-152.55
2025-09-122.55
2025-09-112.55
2025-09-102.54
2025-09-092.53
2025-09-082.52
2025-09-052.55
2025-09-042.55
2025-09-032.55
2025-09-022.54
2025-08-292.55
2025-08-282.54
2025-08-272.57
2025-08-262.57
2025-08-252.57
2025-08-222.61
2025-08-212.59
2025-08-202.60
2025-08-192.60
2025-08-182.57
2025-08-152.58
2025-08-142.59
2025-08-132.62
2025-08-122.59
2025-08-112.60
2025-08-082.62
2025-08-072.66
2025-08-062.64
2025-08-052.64
2025-08-042.66
2025-08-012.64
2025-07-312.63
2025-07-302.59
2025-07-292.59
2025-07-282.56
2025-07-252.61
2025-07-242.62
2025-07-232.62
2025-07-222.64
2025-07-212.59
2025-07-182.58
2025-07-172.54
2025-07-162.54
2025-07-152.52
2025-07-142.53
2025-07-112.52
2025-07-102.53
2025-07-092.50
2025-07-082.49
2025-07-072.50
2025-07-032.53
2025-07-022.50
2025-07-012.52
2025-06-302.49
2025-06-272.48
2025-06-262.48
2025-06-252.46
2025-06-242.50
2025-06-232.51
2025-06-202.48
2025-06-182.47
2025-06-172.48
2025-06-162.50
2025-06-132.53
2025-06-122.54
2025-06-112.51
2025-06-102.52
2025-06-092.50
2025-06-062.51
2025-06-052.49
2025-06-042.50
2025-06-032.54
2025-06-022.52

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

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
Utilities / Regulated Electric
Sector
Utilities
Industry
Regulated Electric
CEO
Garrick J. Rochow