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Daily valuation snapshot
CMS Energy Corporation: source evidence dated 2026-10-09.
- Daily close (USD)
- $65.49
- Market capitalization (USD)
- $20,536,166,636.64
- Price / earnings (TTM)
- 20.02
- Price / book
- 1.97
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Company overview
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
Daily valuation snapshot
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These values come from the daily market snapshot dated 2026-10-09. TTM means trailing twelve months. Use the market date when comparing CMS with another company.
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| Daily close (USD) | $65.49 |
| Market capitalization (USD) | $20,536,166,636.64 |
| Price / earnings (TTM) | 20.02 |
| Price / book | 1.97 |
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Read CMS's valuation metrics
Company size
CMS Energy Corporation's recorded market capitalization is $20,536,166,636.64. It measures the market value of the company's equity, rather than its revenue or cash balance.
Price relative to earnings
CMS's recorded P/E is 20.02: about $20.02 of share price for each $1 of trailing annual earnings per share. Compare that multiple with earnings growth and companies in the same business.
Price relative to book equity
CMS's recorded price-to-book ratio is 1.97. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.
Research CMS Energy Corporation with Aurora
Use the snapshot above to ask a specific question about CMS. Ask for the report period and the figures behind the explanation, then compare the answer with the company's business description.
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