CMSNEUTRAL

CMS EV/EBITDA Analysis

13.8x

Updated 153h ago·SEC filings & market data

Key Takeaway

EV/EBITDA measures a company’s enterprise value relative to its earnings before interest, taxes, depreciation, and amortization, showing how many years of operating profit it would take to pay off the whole business.

Sector Performance

51th percentile

CMS

13.8x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

14.0x(Aug 2026)

↑ Improving

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Deep Analysis

At 14.0x, CMS is slightly above the sector median of 13.5x, placing it at the 51st percentile among peers — essentially in the middle of the pack. The metric is stable over the last eight quarters, with no year-over-year change reported and a quarter-over-quarter decline of just -0.7%. This combination of a peer-level valuation and a flat trend suggests neither a cheap entry point nor an overpriced risk — the stock is trading in line with its earnings power. The stability reduces near-term valuation risk, while the lack of any upward or downward movement limits the case for a re-rating. This directly supports the overall NEUTRAL verdict, as the valuation offers no clear edge in either direction.

Frequently Asked Questions

What does the EV/EBITDA tell investors about CMS?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are CMS's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.