As at Jun 22, 2026, the AR stock has a PE ratio of 10.94. This is based on the current EPS of $3.11 and the stock price of $34.03 per share. A decrease of 44% has been seen in the P/E ratio compared to the average of 19.6 of the last 4 quarters.
AR PE ratio history
The mean historical PE ratio of ANTERO RESOURCES over the last ten years is 199.89. The current 10.94 PE ratio is 95% below the historical average. Over the past ten years, AR's PE ratio was at its highest in the Mar 2024 quarter at 2,900, with a price of $29 and an EPS of $0.01. The Jun 2019 quarter recorded the bottom point at 2.28, with a price of $5.53 and an EPS of $2.43.
ANTERO RESOURCES PE ratio by year
Maximum annual increase: 575.05% in 2023
Maximum annual decrease: -91.37% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 16.81 | -91.37% | $34.46 | $2.05 |
| 2024 | 194.72 | 466.71% | $35.05 | $0.18 |
| 2023 | 34.36 | 575.05% | $22.68 | $0.66 |
| 2022 | 5.09 | N/A | $30.99 | $6.09 |
| 2021 | N/A | N/A | $17.5 | -$0.61 |
| 2020 | N/A | N/A | $5.45 | -$4.65 |
| 2019 | N/A | N/A | $2.85 | -$1.11 |
| 2018 | N/A | N/A | $9.39 | -$1.26 |
| 2017 | 9.74 | N/A | $19 | $1.95 |
| 2016 | N/A | N/A | $23.65 | -$2.88 |
| 2015 | 6.36 | -59.72% | $21.8 | $3.43 |
| 2014 | 15.79 | N/A | $40.58 | $2.57 |
| 2013 | N/A | N/A | $63.44 | -$0.07 |
| 2012 | N/A | N/A | N/A | -$1.09 |
| 2011 | N/A | N/A | N/A | $1.5 |
ANTERO RESOURCES PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.65 | -18.8% | $42.44 | $3.11 |
| Dec 2025 | 16.81 | -11.85% | $34.46 | $2.05 |
| Sep 2025 | 19.07 | -33.72% | $33.56 | $1.76 |
| Jun 2025 | 28.77 | -54.47% | $40.28 | $1.4 |
| Mar 2025 | 63.19 | -67.55% | $40.44 | $0.64 |
| Dec 2024 | 194.72 | N/A | $35.05 | $0.18 |
| Sep 2024 | N/A | N/A | $28.65 | -$0.14 |
| Jun 2024 | 1,087.67 | -62.49% | $32.63 | $0.03 |
| Mar 2024 | 2,900 | 8,340.05% | $29 | $0.01 |
| Dec 2023 | 34.36 | 280.51% | $22.68 | $0.66 |
| Sep 2023 | 9.03 | 79.52% | $25.38 | $2.81 |
| Jun 2023 | 5.03 | 59.18% | $23.03 | $4.58 |
| Mar 2023 | 3.16 | -37.92% | $23.09 | $7.31 |
| Dec 2022 | 5.09 | 12.11% | $30.99 | $6.09 |
| Sep 2022 | 4.54 | -53.48% | $30.53 | $6.72 |
AR Price vs fair value
AR average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
AR's current P/E ratio is below the 3, 5 and 10-year averages.
PE comparison
ANTERO RESOURCES's P/E of 10.94 is below the Energy sector and the industry average. Compared to its Energy sector average of 16.89, ANTERO RESOURCES's P/E is 35% lower.
AR PE vs peers
Compared to its peer EOG, AR's PE ratio stands lower, however it is higher than EQT's and RRC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RRC Range Resources Corp | 9.59 | $8.61B |
| EQT EQT Corp | 9.72 | $32.35B |
| AR ANTERO RESOURCES Corp | 11.06 | $10.66B |
| EOG Eog Resources Inc | 13.2 | $71.98B |
Frequently asked questions
What is ANTERO RESOURCES's PE ratio?
As of Jun 22, 2026, AR stock has a price to earnings ratio of 10.94.
What is the 3-year average PE ratio for ANTERO RESOURCES (AR)?
The average PE ratio for AR stock over the past 3 years is 397.48.
What is the 5-year average PE ratio for ANTERO RESOURCES (AR)?
The average PE ratio for AR stock over the past 5 years is 292.99.
What is the highest PE ratio for AR?
Over the last ten years, the quarterly PE ratio reached a historic high of 2,900 in the Mar 2024 quarter.
How does the current PE ratio for AR compare to its historical average?
AR's current price to earnings ratio is 95% below its 10-year historical average.
How is AR's PE ratio calculated (ANTERO RESOURCES PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 22, 2026), ANTERO RESOURCES's stock price is $34.03. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.11. Therefore, ANTERO RESOURCES's P/E ratio for today is 10.94. PE RATIO(10.94) = STOCK PRICE($34.03) / TTM EPS($3.11)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.