CMS Energy (CMS)
NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-07-07
$77.03+0.98%
Close 2026-07-07 · 1-day change
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Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 11 valuation methods, at three horizons. Current price $77.03. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $77 CMS trades at 2.4× p/b, in line with its 2.3× p/b peer median, and our $71 fair value agrees. It's a high-confidence read. Analysts target $74–$85. Note: our $71 fair value sits below the entire analyst range ($74–$85). Even valued only for durable growth at sustainable margins, it's worth about $83 — above today's price, so the premium reflects that growth case, not pure multiple expansion. Not investment advice.
$74.00 – $85.00 (median $81.50) · 8 analysts · as of 2026-06-08
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Only weak execution quality — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $81.50 | — | — | Analyst | high |
| ddm gordon | 12M | $37.74 | — | — | TTM | high |
| graham number | 12M | $52.34 | — | — | TTM | high |
| Mgmt guidance | 12M | $94.45 | 24.4 | 3.87 | Mgmt | high |
| Peer P/B | 12M | $76.18 | 2.3 | 32.73 | TTM | high |
| Peer P/E | 12M | $90.90 | 24.4 | 3.72 | TTM | high |
| Peer P/S | 12M | $88.25 | 3.1 | 28.73 | TTM | high |
| PEG | 12M | $99.98 | 26.9 | 3.72 | TTM | high |
| residual income | 12M | $36.42 | — | — | TTM | high |
| Own P/E history | 12M | $73.90 | 19.9 | 3.72 | TTM | high |
| triangulated | 12M | $92.39 | 24.4 | 3.78 | Triangulated | high |
| Mgmt guidance | 3Y | $119.22 | 24.4 | 4.88 | Mgmt(prov.) | medium |
| Peer P/B | 3Y | $100.06 | 2.3 | 42.99 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $108.36 | 24.4 | 4.43 | Analyst | medium |
| Peer P/S | 3Y | $99.23 | 3.1 | 32.30 | Analyst | medium |
| PEG | 3Y | $119.17 | 26.9 | 4.43 | Analyst | medium |
| Own P/E history | 3Y | $88.09 | 19.9 | 4.43 | Analyst | medium |
| Mgmt guidance | 5Y | $139.25 | 24.4 | 5.70 | Mgmt(prov.) | high |
| Peer P/B | 5Y | $120.01 | 2.3 | 51.56 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $116.97 | 24.4 | 4.79 | Analyst | high |
| Peer P/S | 5Y | $107.12 | 3.1 | 34.87 | Analyst | high |
| PEG | 5Y | $128.65 | 26.9 | 4.79 | Analyst | high |
| Own P/E history | 5Y | $95.09 | 19.9 | 4.79 | Analyst | high |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.