What Is CMS Fair Value?
CMS Energy (CMS) fair value estimate using multiple valuation models, updated daily.
As of October 14, 2026, CMS Energy (CMS) has a composite fair value estimate of $67.91 based on four valuation models: DCF (35% weight), Graham Number (25% weight), PEG (25% weight), and DDM (15% weight). The current market price is $66.30, suggesting the stock is fair value by 2.4%.
Data as of October 14, 2026 (today)
Composite Fair Value
Fair Value4 of 4 models$67.91
vs. current price of $66.30(+2.4%)
How Is CMS Fair Value Calculated?
Four independent models estimate what CMS is worth. Each uses different inputs and assumptions. The composite blends them by weight.
CMS Intrinsic Value
Forward-looking models based on future cash flows
DCF (Discounted Cash Flow)
35% weightEstimates how much cash the company will generate over the next 10 years, then calculates what all that future cash is worth in today's dollars. Includes a 15% safety cushion. Try the standalone DCF calculator →
$76.89
+16.0%Undervalued
Inputs used
DDM (Dividend Discount Model)
15% weightIf a company pays you dividends, this model asks: how much are all those future dividend payments worth today? Only works for stocks that pay dividends. Try the intrinsic value calculator →
$91.25
+37.6%Undervalued
Inputs used
CMS Fair Value
Current fundamentals: earnings, assets, and growth rate
Graham Number (Value Investing)
25% weightCreated by legendary investor Benjamin Graham. It looks at two things: how much the company earns (EPS) and what its assets are worth (Book Value), then calculates the maximum price a careful investor should pay. Try the fair value calculator →
$51.51
-22.3%Overvalued
Inputs used
PEG (Price/Earnings to Growth)
25% weightChecks if you're paying a fair price for the company's growth. A fast-growing company deserves a higher price than a slow one. This model finds the right price based on how fast earnings are growing.
$38.72
-41.6%Overvalued
Inputs used
What If You Change the Assumptions?
Drag the sliders to test different scenarios. Tap the ? buttons to learn what each input means.
Your DCF Fair Value
Current price $66.30 is 16.0% below this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $853.6M | $812.0M |
| Year 2 | $915.7M | $828.7M |
| Year 3 | $982.4M | $845.6M |
| Year 4 | $1.05B | $863.0M |
| Year 5 | $1.13B | $880.6M |
| Year 6 | $1.21B | $898.7M |
| Year 7 | $1.30B | $917.1M |
| Year 8 | $1.40B | $935.9M |
| Year 9 | $1.50B | $955.0M |
| Year 10 | $1.61B | $974.6M |
| Terminal Value | $62.78B | $38.09B |
What Are CMS's Key Financial Metrics?
Earnings & Growth
Current Price
$66.30
EPS (TTM)
$3.33
Forward P/E
16.0
Profit Margin
11.6%
Cash & Balance Sheet
Free Cash Flow
-2.2B
EBITDA
3B
Book Value
$30.45
Total Debt
19.3B
What Do Analysts Say About CMS?
Low
$68.00
Average
$76.92
High
$86.00
Upside
+16.0%
CMS Fair Value FAQ
What is the fair value of CMS?
Based on our composite model (DCF 35%, Graham 25%, PEG 25%, DDM 15%), CMS's estimated fair value is $67.91. The stock is currently trading at $66.30, which makes it fair value by our analysis.
How is CMS's fair value calculated?
We use four valuation methods: Discounted Cash Flow (DCF), Graham Number, PEG-based Fair Value, and Dividend Discount Model (for dividend-paying stocks). The composite score weights DCF at 35%, Graham and PEG at 25% each, and DDM at 15%. When a model can't be applied, its weight is redistributed proportionally.
Is CMS overvalued or undervalued?
Based on our analysis, CMS is fair value. The current price of $66.30 is 2.4% below our estimated fair value of $67.91.
What do Wall Street analysts say about CMS?
12 analysts cover CMS Energy with a consensus rating of "Buy." The average price target is $76.92, ranging from $68.00 to $86.00. This implies 16.0% upside from the current price.