CMS Energy Corp (CMS) stock

CMSNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS.PC, CMSA, CMSC, CMSD

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 7/3012% above fair value

$69.62−0.16 (-0.23%)

Close on Nov 11, 2026Market cap $21.80BP/E 24.9Yield 3.12%

CMS Energy EV/EBITDA

EV/EBITDA is enterprise value divided by EBITDA over the trailing twelve months.

CMS Energy's EV/EBITDA was 13.7× on Nov 11, 2026, against 13.7× a year earlier. Over the last 5 years it ranged from 12.9× to 14.5×, with a median of 13.8×.

EV/EBITDA at the end of each year

Period	Period end	Value	Change (pts)
2026	Nov 11, 2026	13.7×	+0.6
2025	Dec 31, 2025	13.1×	−0.3
2024	Dec 31, 2024	13.4×	−1.0
2023	Dec 29, 2023	14.3×	+0.0
2022	Dec 30, 2022	14.3×	+0.8
2021	Dec 31, 2021	13.5×	−1.0
2020	Dec 31, 2020	14.4×	+0.2
2019	Dec 31, 2019	14.2×	+3.1
2018	Dec 31, 2018	11.1×	+0.1
2017	Dec 29, 2017	11.0×	+0.5
2016	Dec 30, 2016	10.5×	+0.9
2015	Dec 31, 2015	9.6×	−0.3
2014	Dec 31, 2014	9.8×	+1.4
2013	Dec 31, 2013	8.5×	−0.3
2012	Dec 31, 2012	8.8×	+0.8
2011	Dec 30, 2011	7.9×	+0.9
2010	Dec 31, 2010	7.1×	–