Intrinsiqs

Is CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 overvalued?

CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) looks undervalued — trading about 197% below its fair value.

Undervalued
Current price $20.30 Fair value $60.25
Price
$20.30
Fair value
$60.25
Current P/E
5.6
Normal P/E
16.5
Market cap
$6.22B
Dividend yield
7.2%
Return on equity
11.1%
Sector
Utilities

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Fair value compares CMSD's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 24 Sep 2026.