PB Ratio: 2.15

Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 2.15 is 15% below its estimated 5-year average of 2.54, near the low end of its estimated 5-year range (2.06–3.21).

As of 2026-09-12T00:15:24.125Z. 11.30% below its estimated 12-month average of 2.42.

CMS PB Ratio Metrics

P/B vs. estimated history

At 2.15, P/B is below its estimated 20-year median — higher than 34% of readings in its estimated 20-year history.

Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.

Book Value Analysis

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

PB Ratio FAQ

What is the P/B ratio for CMS Energy Corporation (CMS)?

The P/B ratio for CMS stock is 2.15.

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

The P/B ratio of 2.15 is 15% below its estimated 5-year average of 2.54, near the low end of its estimated 5-year range (2.06–3.21).

What is the estimated TTM average P/B ratio for CMS Energy Corporation (CMS)?

The estimated TTM average P/B ratio for CMS stock is 2.42.

What is the estimated 3Y average P/B ratio for CMS Energy Corporation (CMS)?

The estimated 3Y average P/B ratio for CMS stock is 2.43.

What is the estimated 5Y average P/B ratio for CMS Energy Corporation (CMS)?

The estimated 5Y average P/B ratio for CMS stock is 2.54.

What is the estimated 10Y average P/B ratio for CMS Energy Corporation (CMS)?

The estimated 10Y average P/B ratio for CMS stock is 2.84.

What is the estimated 15Y average P/B ratio for CMS Energy Corporation (CMS)?

The estimated 15Y average P/B ratio for CMS stock is 2.66.

What is the estimated 20Y average P/B ratio for CMS Energy Corporation (CMS)?

The estimated 20Y average P/B ratio for CMS stock is 2.33.

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

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