Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 17.35 as of 2026-09-12T00:15:24.125Z.
Consensus retrieved: 2026-09-11T00:17:43.526Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-12T00:15:24.125Z.
Quote observation: 2026-09-11T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 45b3f73b2a2843b59d87bd75e844d5f59b418c02464f6ac23b2f6fed70162c1c
Forward PE Ratio (17.35) = Dated Quote Price ($67.15) / Consensus Forward EPS ($3.87)
FORWARD PE RATIO
17.35
SECTOR MEDIAN · UTILITIES
17.44
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-0.52%
vs the sector median at left
CMS Energy Corporation
Market Cap
$21.06B
Forward PE Ratio
17.35
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| CMS Energy Corporation (CMS) | $21.06B | 17.35 |
| Edison International (EIX)vs › | $21.55B | 9.13 |
| NiSource Inc (NI)vs › | $19.86B | 20.16 |
| Evergy, Inc. (EVRG)vs › | $18.81B | 19.18 |
| NRG Energy, Inc. (NRG)vs › | $23.94B | 12.77 |
| Alliant Energy Corporation (LNT)vs › | $17.37B | 19.64 |
| PPL Corporation (PPL)vs › | $25.65B | 17.48 |
| CenterPoint Energy, Inc. (CNP)vs › | $25.76B | 20.45 |
| Eversource Energy (ES)vs › | $25.77B | 14.75 |
| FirstEnergy Corp. (FE)vs › | $26.69B | 16.89 |
Trailing P/E
19.9
reported TTM EPS
Forward P/E
17.4
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.87 implies +14.5% EPS growth vs the reported trailing $3.38.
At the dated quote price of $67.15, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.87 | $3.85 – $3.89 | 8 | 17.3x |
| 2027-12-31 | $4.16 | $4.13 – $4.19 | 9 | 16.1x |
| 2028-12-31 | $4.49 | $4.45 – $4.52 | 4 | 15.0x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
