Is CMS or ENJ more undervalued in 2026?

CirclFi compares CMS Energy Corporation (CMS) and Entergy New Orleans, LLC First (ENJ) using 13 institutional-grade valuation models. CMS has a Quality of Company score of 7.6/10 while ENJ scores 1.6/10.

Which is a better buy — CMS or ENJ?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do CMS and ENJ valuations compare?

CMS at $72.57 and ENJ at $19.82 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CMS vs ENJ Valuation Comparison 2026 — Intrinsic Value Analysis

CMS

Electric & Other Services Combined

CMS Energy Corporation

Quality

7.6

out of 10

Value Trap

SAFE

Price

$72.57

Last close

Models

11/13

Active

ENJ

Electric & Other Services Combined

Entergy New Orleans, LLC First

Quality

1.6

out of 10

Value Trap

—

Price

$19.82

Last close

Models

0/13

Active

Model-by-Model Comparison

Model	Type	CMS Fair Value	CMS Upside	ENJ Fair Value	ENJ Upside
Bayesian DCF	Intrinsic	$15.86	-78.1%	—	—
EROIC Spread	Intrinsic	$13.83	-80.9%	—	—
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for CMS vs ENJ — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

CMS vs ENJ — Which Stock Is More Undervalued?

CMS scores higher with a 7.6/10 quality rating vs ENJ's 1.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing CMS Energy Corporation (CMS) and Entergy New Orleans, LLC First (ENJ) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

CMS currently trades at $72.57 with a QOC of 7.6/10, while ENJ trades at $19.82 with a QOC of 1.6/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).