Cms Energy Corporation
$38.94B- Market cap
- $20.69B
- Debt
- +$18.76B
- Cash
- −$509.00M
Capital structure 52% equity / 48% debt · EV / Revenue 4.56x · EV proxy / EBITDA proxy 12.84x
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
CMS · price snapshotP/E 18.69x
$65.99Snapshot Sep 16, 2026, 4:00 PM ET
Implied fair value · at XEL's multiple
$75.0513.7% above market
3.53 CMS Annual EPS×21.26x XEL P/E=$75.05
Market $65.99Implied $75.05
XEL · price snapshotP/E 21.26x
$72.71Snapshot Sep 16, 2026, 4:00 PM ET
Implied fair value · at CMS's multiple
$63.9312.1% below market
3.42 XEL Annual EPS×18.69x CMS P/E=$63.93
Market $72.71Implied $63.93