Start with its own history
At 22.23×, CMS-PB is 36.6% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · CMS-PBRegulated ElectricUpdated Oct 22, 2026
Consumers Energy Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
22.23×
36.6% belowthe 10-year annual average
Share price75.262
÷Earnings per share3.386
Price and EPS in quote currency. Calculation details
Investors are paying 22.23 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 35.07×
3-year average22.78×3 positive annual observations
5-year average26.64×5 positive annual observations
10-year average35.07×10 positive annual observations
Peer median · TTM20.84×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 21 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 20.37× | -3.9% |
| Dec 31, 2024 | 21.19× | -20.9% |
| Dec 31, 2023 | 26.79× | -9.3% |
| Dec 31, 2022 | 29.52× | -16.4% |
| Dec 31, 2021 | 35.31× | -6.7% |
| Dec 31, 2020 | 37.86× | -17.7% |
| Dec 31, 2019 | 46.01× | +13.8% |
| Dec 31, 2018 | 40.44× | -12.5% |
View all 21 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 46.20× | -1.7% |
| Dec 31, 2016 | 46.99× | +2.2% |
| Dec 31, 2015 | 45.97× | -11.1% |
| Dec 31, 2014 | 51.74× | +2.1% |
| Dec 31, 2013 | 50.69× | -15.6% |
| Dec 31, 2012 | 60.09× | +9.1% |
| Dec 31, 2011 | 55.09× | +6.0% |
| Dec 31, 2010 | 51.95× | -31.0% |
| Dec 31, 2009 | 75.34× | +45.1% |
| Dec 31, 2008 | 51.92× | -30.2% |
| Dec 31, 2007 | 74.37× | -42.2% |
| Dec 31, 2006 | 128.64× | N/M |
| Dec 31, 2005 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CMS-PB compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CMS-PB This stockConsumers Energy Company | 22.23× |
 CMSCMS Energy Corporation | 20.80× |
 DTEDTE Energy Company | 20.89× |
 WECWEC Energy Group, Inc. | 21.57× |
 CNPCenterPoint Energy, Inc. | 24.25× |
 DUKDuke Energy Corporation | 18.83× |
 PEGPublic Service Enterprise Group Incorporated | 18.00× |
 LNTAlliant Energy Corporation | 22.18× |
 EDConsolidated Edison, Inc. | 19.00× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CMS-PB’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 20.84×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CMS-PB into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CMS-PB", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 75.262 ÷ EPS 3.386 = 22.23×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CMS-PB P/E ratio: common questions
The essentials behind the numbers.
Consumers Energy Company's current P/E is 22.23× based on the quote data last updated Oct 22, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.