Antero ResourcesAR +0.66%74 PB Ratio is 1.35 as of Jul. 02, 2026, which is 32% above its 10-year median of 1.02. GuruFocus rates AR with a GF Score™ of 74/100 and a GF Value™ of $42.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 923 Oil & Gas companies, Antero Resources ranks better than 52.33% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-02), Antero Resources's share price is $35.14. Antero Resources's Book Value per Share for the quarter that ended in Mar. 2026 was $26.03. Hence, Antero Resources's PB Ratio of today is 1.35.
Good Sign:
Antero Resources Corp stock PB Ratio (=1.34) is close to 1-year low of 1.28.
The historical rank and industry rank for Antero Resources's PB Ratio or its related term are showing as below:
AR'
s PB Ratio Range Over the Past 10 Years
Min: 0.03 Med: 1.02 Max: 2.59
Current: 1.35
During the past 13 years, Antero Resources's highest PB Ratio was 2.59. The lowest was 0.03. And the median was 1.02.
AR's PB Ratio is ranked better than 52.33% of 923
companies
in the Oil & Gas industry
Industry Median: 1.38
vs AR: 1.35
During the past 12 months, Antero Resources's average Book Value Per Share Growth Rate was 12.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Antero Resources was 49.30% per year. The lowest was -9.60% per year. And the median was 5.45% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Antero Resources PB Ratio Related Terms
Antero Resources PB Ratio Historical Data
* Premium members only.
The historical data trend for Antero Resources's PB 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.
For the Oil & Gas E&P subindustry, Antero Resources's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Antero Resources's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Antero Resources (AR) has a PB Ratio of 1.35 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Antero Resources and its competitors. This is 32% above median its historical median of 1.02. Over the past decade, Antero Resources' PB Ratio has ranged from 0.03 to 2.59. According to the industry distribution chart, Antero Resources ranks #440 out of 923 companies in the Oil & Gas industry, placing it in the top 47.7%.
Is Antero Resources' PB Ratio too high?
Antero Resources' current PB Ratio of 1.35 is 32% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 2.59. The Oil & Gas industry median PB Ratio is 1.38. Antero Resources' value of 1.35 is 2.2% below this industry median. Based on the distribution chart, Antero Resources ranks #440 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. 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' PB Ratio compare to APA and RRC?
According to the Oil & Gas industry distribution chart, Antero Resources ranks #440 out of 923 companies for PB Ratio. This puts Antero Resources in the upper half of its industry. The industry median PB Ratio is 1.38. Antero Resources' value of 1.35 is 2.2% below this benchmark. Historically, Antero Resources' own PB Ratio has ranged from 0.03 to 2.59 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.38, Antero Resources has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.38, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current PB Ratio of 1.35 is 2.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Antero Resources and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current PB Ratio is 1.35, which is 32% above median its own 10-year median of 1.02. 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 (AR) is currently considered Modestly Undervalued. The stock's GF Value™ is $42.53, compared to a current price of $35.14 — trading 17.4% below its estimated fair value. The current PB Ratio is 1.35, which is 32% above median its 10-year median of 1.02 and 2.2% below the Oil & Gas industry median of 1.38. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Antero Resources (AR), the current PB Ratio is 1.35 as of Jul. 02, 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 (AR) Overvalued in 2026?
Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued.
The current stock price of $35.14 is trading 17.4% below its estimated GF Value™ of $42.53.
GuruFocus considers Antero Resources to be Modestly Undervalued.
Key valuation signals for AR:
PB Ratio: 1.35 (32% above median its 10-year median of 1.02)
GF Value™: $42.53 vs. price of $35.14 (17.4% below fair value)
Industry Position: 2.2% below the Oil & Gas median (#440 of 923)
No single metric tells the full story. See the AR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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