Antero Resources (MEX:AR) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:AR Antero Resources Corp MEX:AR
74 GF Score
Price MXN667.00
GF Value MXN827.96
! 5 Warning Signs
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What is Antero Resources Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Antero Resources  (MEX:AR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Antero Resources Cyclically Adjusted PS Ratio Related Terms


Antero Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Antero Resources's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Antero Resources Cyclically Adjusted PS Ratio Chart

Antero Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 2.52 1.66 2.41 2.18

Antero Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.63 2.15 2.18 2.56 0.00

MEX:AR vs RRC, APA, SM: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Antero Resources's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Antero Resources Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Antero Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Antero Resources's Cyclically Adjusted PS Ratio falls into.


MEX:AR
74GF Score
Antero Resources Corp MEX:AR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Antero Resources Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Antero Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Antero Resources's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=75.116/333.9520*333.9520
=75.116

Current CPI (Jun. 2026) = 333.9520.

Antero Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 30.453 241.428 42.124
201612 38.723 241.432 53.562
201703 41.041 243.801 56.217
201706 37.343 244.955 50.910
201709 37.980 246.819 51.388
201712 47.164 246.524 63.890
201803 43.689 249.554 58.464
201806 47.631 251.989 63.124
201809 54.573 252.439 72.195
201812 74.965 251.233 99.647
201903 64.014 254.202 84.097
201906 56.321 256.143 73.430
201909 54.519 256.759 70.910
201912 54.305 256.974 70.572
202003 58.111 258.115 75.185
202006 50.564 257.797 65.501
202009 65.653 260.280 84.236
202012 73.564 260.474 94.316
202103 83.031 264.877 104.684
202106 73.888 271.696 90.819
202109 100.895 274.310 122.832
202112 124.390 278.802 148.996
202203 109.033 287.504 126.648
202206 141.421 296.311 159.386
202209 149.672 296.808 168.403
202212 111.321 296.797 125.257
202303 70.291 301.836 77.770
202306 51.043 305.109 55.868
202309 59.378 307.789 64.425
202312 59.952 306.746 65.269
202403 56.165 312.332 60.053
202406 54.705 314.175 58.149
202409 62.268 315.301 65.951
202412 73.343 315.605 77.607
202503 90.502 319.799 94.507
202506 72.389 322.561 74.945
202509 66.851 324.800 68.735
202512 74.257 324.054 76.525
202603 107.854 330.213 109.075
202606 75.116 333.952 75.116

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Antero Resources (MEX:AR) Overvalued in 2026?

Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued. The current stock price of MXN667.00 is trading 19.4% below its estimated GF Value™ of MXN827.96.

Key valuation signals for MEX:AR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN827.96 vs. price of MXN667.00 (19.4% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the MEX:AR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Antero Resources Business Description

Industry EnergyOil & Gas
Other Exchanges AR:USA0A71:UK7A6:Germany
Address 1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Resources is an exploration and production firm whose operations represent a pure play in the Marcellus Shale, located in northern West Virginia. The company started in 2002 as an E&P focused on the Barnett Shale (Fort Worth, Texas). Antero redefined itself in Appalachia's Marcellus Shale in 2005. In 2012, shortly before Antero's 2013 IPO, Antero Midstream Partners was formed to handle the company's rapidly growing gas volumes. In 2026, the firm narrowed its focus further by selling its Ohio Utica assets and using the proceeds to acquire additional Marcellus acreage from HG Energy. Just over half of its production and earning power is tied to natural gas, with the remainder mostly NGLs, where it holds a leading position, and some crude oil.
74GF Score

Get the complete analysis for MEX:AR

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN667.00
Price
MXN827.96
GF Value