[ What is it worth? ]
CMS fair value
Cms Energy Corp is worth about $361.40 a share in a 5-year discounted cash flow at 10% free cash flow growth and today's 5.10% 10-year Treasury yield, vs. a $70.38 price (Nov 13, 2026). Base free cash flow is $2.2B from the FY25 10-K.Search another company