Antero Resources (FRA:7A6) E10: €-0.04 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:7A6 Antero Resources Corp FRA:7A6
74 GF Score
Price €30.22
GF Value €37.39
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Antero Resources E10?

Antero Resources FRA:7A6 +0.30% 74 E10 is €-0.04 as of Mar. 2026. GuruFocus rates FRA:7A6 with a GF Score™ of 74/100 and a GF Value™ of €37.39 (Modestly Undervalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Antero Resources's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.488. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.04 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-07-24), Antero Resources's current stock price is €30.22. Antero Resources's E10 for the quarter that ended in Mar. 2026 was €-0.04. Antero Resources's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Antero Resources was 1242.00. The lowest was 55.53. And the median was 94.32.


Antero Resources  (FRA:7A6) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Antero Resources was 1242.00. The lowest was 55.53. And the median was 94.32.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Antero Resources E10 Related Terms


Antero Resources E10 Historical Data

* Premium members only.

The historical data trend for Antero Resources's E10 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 E10 Chart

Antero Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.39 0.26 0.33 0.04 -0.18

Antero Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 -0.08 0.03 -0.18 -0.18 -0.04

FRA:7A6 vs APA, RRC, OVV: E10 Comparison

For the Oil & Gas E&P subindustry, Antero Resources's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Antero Resources's Shiller PE Ratio falls into.


FRA:7A6
74GF Score
Antero Resources Corp FRA:7A6
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Antero Resources E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Antero Resources's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.488/330.2130*330.2130
=1.488

Current CPI (Mar. 2026) = 330.2130.

Antero Resources Quarterly Data

per share eps CPI Adj_EPS
201606 -1.887 241.018 -2.585
201609 0.686 241.428 0.938
201612 -1.536 241.432 -2.101
201703 0.795 243.801 1.077
201706 -0.018 244.955 -0.024
201709 -0.361 246.819 -0.483
201712 1.293 246.524 1.732
201803 0.041 249.554 0.054
201806 -0.368 251.989 -0.482
201809 -0.420 252.439 -0.549
201812 -0.343 251.233 -0.451
201903 2.805 254.202 3.644
201906 0.124 256.143 0.160
201909 -2.597 256.759 -3.340
201912 -1.449 256.974 -1.862
202003 -1.077 258.115 -1.378
202006 -1.536 257.797 -1.967
202009 -1.690 260.280 -2.144
202012 0.173 260.474 0.219
202103 -0.042 264.877 -0.052
202106 -1.411 271.696 -1.715
202109 -1.488 274.310 -1.791
202112 2.345 278.802 2.777
202203 -0.454 287.504 -0.521
202206 2.166 296.311 2.414
202209 1.737 296.808 1.932
202212 2.181 296.797 2.427
202303 0.644 301.836 0.705
202306 -0.258 305.109 -0.279
202309 0.056 307.789 0.060
202312 0.147 306.746 0.158
202403 0.064 312.332 0.068
202406 -0.242 314.175 -0.254
202409 -0.099 315.301 -0.104
202412 0.458 315.605 0.479
202503 0.610 319.799 0.630
202506 0.433 322.561 0.443
202509 0.204 324.800 0.207
202512 0.529 324.054 0.539
202603 1.488 330.213 1.488

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €-0.04 mean?
Antero Resources (FRA:7A6) has a E10 of €-0.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Antero Resources and its competitors.
Is Antero Resources' E10 too high?
Antero Resources' current E10 is €-0.04. Overall, Antero Resources has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Antero Resources' E10 compare to APA and RRC?
Antero Resources' E10 of €-0.04 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Antero Resources and its competitors. Antero Resources's current E10 is €-0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antero Resources stock overvalued right now?
Based on GuruFocus' analysis, Antero Resources (FRA:7A6) is currently considered Modestly Undervalued. The stock's GF Value™ is €37.39, compared to a current price of €30.22 — trading 19.2% below its estimated fair value. The current E10 is €-0.04. Antero Resources' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Antero Resources (FRA:7A6), the current E10 is €-0.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Antero Resources (FRA:7A6) Overvalued in 2026?

Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued. The current stock price of €30.22 is trading 19.2% below its estimated GF Value™ of €37.39. GuruFocus considers Antero Resources to be Modestly Undervalued.

Key valuation signals for FRA:7A6:

  • E10: €-0.04
  • GF Value™: €37.39 vs. price of €30.22 (19.2% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the FRA:7A6 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 FRA:7A6

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.22
Price
€37.39
GF Value