CMS Energy Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for CMS Energy Corporation (CMS), the latest P/E of 20.1 frames valuation, while ROE 11.02% and ROIC 3.41% indicates profitability and capital efficiency. Together with the current ratio of 0.92 and debt-to-equity 1.97, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

CMS Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$29.32$25.25$25.62$29.69$25.36$22.52$23.41$24.36$23.51$23.02
Net Income per Share$3.41$3.37$3.05$2.89$4.68$2.65$2.40$2.33$1.64$1.98
Operating Cash Flow per Share$7.15$7.96$7.93$2.95$6.29$4.48$6.33$6.03$6.09$5.86
Free Cash Flow per Share$-6.35$-2.18$-3.12$-5.25$-0.89$-3.63$-1.11$-1.31$0.14$-0.15
Cash per Share$0.80$0.35$0.78$0.57$1.56$0.11$0.49$0.54$0.65$0.85
Book Value per Share$34.58$29.40$27.90$26.23$24.87$21.32$17.86$16.98$15.99$15.43
Tangible Book Value per Share$34.58$29.40$27.90$26.23$24.87$21.32$17.86$16.98$15.99$15.43
Interest Debt per Share$66.93$58.12$56.02$51.33$44.99$45.36$48.60$43.36$39.02$37.66
CAPEX per Share$13.50$10.14$11.05$8.20$7.18$8.11$7.43$7.35$5.95$6.01

CMS Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)20.1419.7819.0621.913.8923.0326.1521.3328.7921
Price to Book (P/B)2.092.412.242.612.843.163.542.952.982.72
Price to Sales (P/S)2.422.642.272.132.572.712.682.042.011.81
Enterprise Value to EBITDA12.9411.8311.6512.7612.6612.6313.9811.8410.6810.31
EV to Sales4.584.834.343.784.214.644.673.733.583.34
EV to Operating Cash Flow18.8115.3314.0138.0216.9623.3417.2815.0513.8113.12
EV to Free Cash Flow-21.15-56.05-35.55-21.4-120.04-28.77-98.52-69.1588.73-496.96
Enterprise Value$40.40B$36.32B$32.35B$32.51B$30.85B$29.78B$30.94B$25.64B$23.55B$21.37B

CMS Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)11.02%12.19%11.76%11.93%20.40%13.74%13.55%13.82%10.36%12.96%
Return on Invested Capital (ROIC)3.41%3.73%3.30%3.72%3.76%3.88%3.64%4.30%3.24%4.15%
Return on Tangible Assets2.50%2.79%2.65%2.67%4.71%2.55%2.53%2.68%2.00%2.55%
Earnings Yield5.02%5.06%5.25%4.57%7.20%4.34%3.82%4.69%3.47%4.76%
Free Cash Flow Yield-8.95%-3.27%-5.38%-8.29%-1.37%-5.95%-1.77%-2.65%0.30%-0.37%
Dividend Yield3.31%3.16%3.42%2.98%2.71%2.69%2.45%2.90%2.85%3.00%

CMS Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.920.790.981.151.190.780.860.940.890.86
Interest Coverage2.052.11.922.362.292.442.422.543.052.89
Income Quality2.422.362.611.032.421.832.632.593.712.96
Debt to Equity1.972.022.082.041.892.262.652.482.362.36
Debt to Assets46.96%46.19%46.75%45.74%43.48%41.88%49.53%48.01%45.50%46.41%
Net Debt to EBITDA6.15.375.565.574.945.265.945.374.674.73

CMS Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover8.617.077.95.447.777.365.795.65.36.32
Payables Turnover2.193.945.696.235.285.676.66.115.516.64
Inventory Turnover3.245.64.95.227.026.586.926.886.076.47
Days Sales Outstanding42.3751.6346.1867.0946.9649.5963.0965.1668.8657.78
Days Payables Outstanding167.0192.6564.1958.5669.164.3755.3359.7966.254.96
Days of Inventory on Hand112.5265.1874.4369.8852.0255.552.7253.0260.1256.4

CMS Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA12.9411.8311.6512.7612.6612.6313.9811.8410.6810.31
Market Cap$21.34B$19.84B$16.91B$18.33B$18.80B$17.39B$17.78B$14.01B$13.24B$11.57B
Enterprise Value$40.40B$36.32B$32.35B$32.51B$30.85B$29.78B$30.94B$25.64B$23.55B$21.37B
Dividend Yield3.31%3.16%3.42%2.98%2.71%2.69%2.45%2.90%2.85%3.00%
Payout Ratio67.25%62.41%65.28%65.23%37.62%61.85%64.12%61.95%81.96%62.98%

Frequently Asked Questions

How does CMS Energy Corporation’s P/E ratio compare with its history?

On this page, CMS's current P/E is 20.1, compared with a multi-year average around 21.5. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.

What is CMS Energy Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $21.34B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does CMS Energy Corporation’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with CMS Energy Corporation's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does CMS Energy Corporation compare to its competitors in key financial ratios?

The fastest way to compare CMS Energy Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see CMS Energy Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do CMS Energy Corporation's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that CMS Energy Corporation is financially strong. Current ratio is about 0.92, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 2.05, implying a stronger ability to cover interest expenses. Debt-to-equity is about 1.97, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do CMS Energy Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If CMS Energy Corporation is sustaining strong returns (for example ROE at 11.02% and ROIC at 3.41%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.