As at Oct 2, 2026, the AR stock has a PE ratio of 9.71. This is based on the current EPS of $3.51 and the stock price of $34.08 per share. A decrease of 35% has been seen in the P/E ratio compared to the average of 14.9 of the last 4 quarters.
AR PE ratio history
The mean historical PE ratio of ANTERO RESOURCES over the last nine years is 197.27. The current 9.71 PE ratio is 95% below the historical average. Over the past nine 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 |
|---|---|---|---|---|
| Jun 2026 | 10.01 | -26.67% | $35.14 | $3.51 |
| 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 |
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 9.71 is below the Energy sector and the industry average. Compared to its Energy sector average of 15.03, ANTERO RESOURCES's P/E is 35% lower.
AR PE vs peers
Frequently asked questions
What is ANTERO RESOURCES's PE ratio?
As of Oct 2, 2026, AR stock has a price to earnings ratio of 9.71.
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 436.83.
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 275.3.
What is the highest PE ratio for AR?
Over the last nine 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 9-year historical average.
Why is ANTERO RESOURCES's PE ratio so low?
AR's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 9.71 is considered low.
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 (Oct 2, 2026), ANTERO RESOURCES's stock price is $34.08. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $3.51. Therefore, ANTERO RESOURCES's P/E ratio for today is 9.71. PE RATIO(9.71) = STOCK PRICE($34.08) / TTM EPS($3.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.