Intrinsiqs

Is CMS Energy Corporation overvalued?

CMS Energy Corporation (CMS) looks overvalued — trading about 17% above its fair value.

Overvalued
Current price $70.02 Fair value $58.36
Price
$70.02
Fair value
$58.36
Current P/E
19.8
Normal P/E
16.5
Market cap
$21.96B
Dividend yield
3.2%
Return on equity
11.0%
Sector
Utilities

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Fair value compares CMS's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.