Is CMS Energy Corporation overvalued?

CMS Energy Corporation (CMS) looks overvalued — trading about 26% above its fair value.

Overvalued

Price

$78.81

Fair value

$58.36

Current P/E

22.3

Normal P/E

16.5

Market cap

$24.35B

Dividend yield

3.2%

Return on equity

11.7%

Sector

Utilities

Fair value compares CMS's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 28 Jun 2026.

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