US · CMS
CMS Energy Corporation
- Sector
- Utilities · Regulated Electric
- Headquarters
- Jackson, MI 49201
- Website
- cmsenergy.com
Price · as of 2025-12-31
$76.03
Market cap 23.92B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $68.94 | -9.33% |
| Intrinsic Value(DCF) | $33.92 | -55.39% |
| Graham-Dodd Method(GD) | $15.15 | -80.07% |
| Graham Formula(GF) | $75.32 | -0.93% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $14.09 | $5.64 | $0.00 | $7.73 | $15.35 |
| 2012 | $18.15 | $22.00 | $1.13 | $5.08 | $6.59 |
| 2013 | $19.45 | $11.52 | $0.03 | $6.11 | $22.02 |
| 2014 | $24.09 | $15.19 | $0.00 | $6.01 | $30.14 |
| 2015 | $30.47 | $22.15 | $1.25 | $6.24 | $0.00 |
| 2016 | $33.81 | $24.11 | $1.89 | $6.49 | $14.60 |
| 2017 | $33.83 | $25.67 | $7.42 | $3.88 | $17.76 |
| 2018 | $44.43 | $33.53 | $1.72 | $6.86 | $28.73 |
| 2019 | $56.64 | $39.59 | $0.00 | $6.64 | $11.26 |
| 2020 | $49.37 | $35.94 | $6.74 | $7.95 | $13.43 |
| 2021 | $58.21 | $45.06 | $2.47 | $19.93 | $101.65 |
| 2022 | $52.79 | $44.67 | $0.57 | $10.40 | $71.07 |
| 2023 | $56.68 | $39.39 | $2.59 | $11.31 | $0.00 |
| 2024 | $70.93 | $52.55 | $4.79 | $12.95 | $29.98 |
| 2025 | $78.08 | $68.94 | $5.46 | $15.15 | $75.32 |
AI valuation
Our deep-learning model estimates CMS Energy Corporation's (CMS) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $68.94
- Current price
- $76.03
- AI upside
- -9.33%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$33.92
-55.39% upside
Graham-Dodd
$15.15
-80.07% upside
Graham Formula
$75.32
-0.93% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| CMS | CMS Energy Corporation | $76.03 | 23.92B | -9% | -55% | -80% | -1% | 21.91 | 2.57 | 2.75 | 13.11 | 364.84 | 2.57 | 60.91% | 20.22% | 12.54% | 12.33% | 5.31% | 2.81% | 2.07 | 2.19 | 0.98 | 0.55 | 5.75 | 601.00% | 1363.00% | 14522.00% | -6.77% | 0.63 | -6.09% | 2.83% | 61.90% | 2.83% | 24.20 | -26.30 | 4.89 | 0.89 |
| DTE | DTE Energy Company | $148.24 | 30.8B | -13% | -39% | -85% | +62% | 20.95 | 2.48 | 1.93 | 14.36 | 489.03 | 3.02 | 84.94% | 15.01% | 9.24% | 12.16% | 6.09% | 2.84% | 2.16 | 2.25 | 0.80 | 0.44 | 6.64 | 428.00% | 2695.00% | 2160.00% | -3.28% | 0.63 | -2.73% | 2.85% | 59.70% | 2.85% | 23.94 | -56.73 | 3.59 | 1.00 |
| EBR | AXIA Energia S.A. | $9.20 | 20.68B | -31% | -63% | +38% | +48% | 7.73 | 0.66 | 2.00 | 6.20 | 7.07 | 1.84 | 54.14% | 48.80% | 25.83% | 8.86% | 11.62% | 3.73% | 0.64 | 3.21 | 2.04 | 1.13 | 2.49 | 10930.00% | 813.00% | 12529.00% | 11.58% | 0.39 | 5.63% | 1.63% | 12.60% | 1.77% | 6.56 | 13.85 | 3.20 | 1.00 |
| EIX | Edison International | $74.74 | 28.76B | +43% | +25% | -32% | +177% | 6.09 | 1.63 | 1.48 | 8.62 | 2.45 | 1.63 | 57.83% | 36.72% | 23.59% | 28.37% | 9.72% | 5.23% | 2.42 | 4.61 | 0.73 | 0.27 | 5.15 | 24894.00% | 976.00% | 317.00% | -2.50% | 0.55 | -1.26% | 4.81% | 29.30% | 10.73% | 10.02 | -99.42 | 3.68 | 0.81 |
| EVRG | Evergy, Inc. | $83.66 | 19.27B | -22% | -58% | -85% | -57% | 22.63 | 1.89 | 3.27 | 12.73 | — | 2.46 | 32.28% | 25.19% | 14.45% | 8.48% | 5.81% | 2.53% | 1.51 | 2.42 | 0.49 | 0.18 | 5.64 | -343.00% | 165.00% | 11301.00% | -3.88% | 0.55 | -3.03% | 3.17% | 71.70% | 3.17% | 23.32 | -46.26 | 5.87 | 0.82 |
| FE | FirstEnergy Corp. | $51.16 | 29.55B | -7% | -9% | — | -16% | 23.14 | 2.35 | 1.95 | 12.85 | 655.73 | 4.27 | 54.77% | 18.77% | 8.42% | 10.18% | 6.07% | 2.35% | 2.16 | 2.49 | 0.57 | 0.40 | 6.15 | 353.00% | 1201.00% | -1176.00% | -3.42% | 0.70 | -2.64% | 3.45% | 79.90% | 3.45% | 19.90 | -56.11 | 3.74 | 0.81 |
| FTS | Fortis Inc. | $57.50 | 29.18B | -31% | -56% | -83% | -42% | 21.52 | 1.77 | 3.47 | 12.98 | 435.69 | 4.41 | 72.30% | 28.69% | 14.78% | 8.24% | 5.04% | 2.64% | 1.45 | 2.36 | 0.51 | 0.27 | 5.82 | 494.00% | 575.00% | 6257.00% | -5.15% | 0.54 | -3.77% | 2.07% | 44.50% | 2.07% | 21.89 | -35.20 | 6.28 | 0.87 |
| KEP | Korea Electric Power Corp… | $19.50 | 25.04B | +5% | +80% | +57% | +45% | 3.99 | 0.35 | 0.15 | 1.53 | — | 0.35 | 12.02% | 8.96% | 3.74% | 9.22% | 10.34% | 1.44% | 0.61 | 1.79 | 0.46 | 0.27 | 1.01 | -17240.00% | 677.00% | -11338.00% | 11.91% | 0.25 | 2.98% | 0.91% | 3.60% | 0.91% | 3.97 | 19.98 | 0.36 | 0.48 |
| LNT | Alliant Energy Corporatio… | $72.34 | 18.6B | -24% | -52% | -81% | -25% | 22.95 | 2.53 | 4.26 | 15.05 | 137.18 | 2.53 | 40.10% | 23.50% | 18.57% | 11.30% | 5.62% | 3.34% | 1.68 | 2.00 | 0.80 | 0.49 | 5.84 | 1673.00% | 957.00% | 2144.00% | -7.07% | 0.55 | -7.21% | 2.80% | 64.30% | 2.80% | 29.64 | -23.12 | 6.96 | 1.11 |
| SO | The Southern Company | $97.38 | 107.23B | -18% | -56% | -93% | -26% | 25.71 | 2.98 | 3.63 | 11.96 | — | 3.51 | 29.81% | 24.60% | 14.69% | 12.05% | 6.11% | 2.77% | 1.83 | 2.20 | 0.65 | 0.34 | 4.48 | -175.00% | 1059.00% | -53097.00% | -3.35% | 0.58 | -3.62% | 2.81% | 72.30% | 3.77% | 23.58 | -47.75 | 5.80 | 0.98 |
About CMS Energy Corporation
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
- CEO
- Garrick J. Rochow
- Employees
- 8.32K
- Beta
- 0.48
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($33.92 ÷ $76.03) − 1 = -55.39% (DCF, example).