Antero MidstreamAM -0.20%81 PS Ratio is 8.28 as of Jun. 24, 2026, which is 52% above its 10-year median of 5.43. GuruFocus rates AM with a GF Score™ of 81/100 and a GF Value™ of $17.30 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 877 Oil & Gas companies, Antero Midstream ranks worse than 91.45% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Antero Midstream's share price is $22.165.
Antero Midstream's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.68. Hence, Antero Midstream's PS Ratio for today is 8.28.
Warning Sign:
Antero Midstream Corp stock PS Ratio (=8.3) is close to 5-year high of 8.88.
The historical rank and industry rank for Antero Midstream's PS Ratio or its related term are showing as below:
AM'
s PS Ratio Range Over the Past 10 Years
Min: 1.18 Med: 5.43 Max: 65.16
Current: 8.28
During the past 11 years, Antero Midstream's highest PS Ratio was 65.16. The lowest was 1.18. And the median was 5.43.
AM's PS Ratio is ranked worse than 91.45% of 877
companies
in the Oil & Gas industry
Industry Median: 1.33
vs AM: 8.28
During the past 12 months, the average Revenue per Share Growth Rate of Antero Midstream was 9.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.60% per year.
During the past 11 years, Antero Midstream's highest 3-Year average Revenue per Share Growth Rate was 8.20% per year. The lowest was 2.40% per year. And the median was 5.30% per year.
Back to Basics: PS Ratio
Antero Midstream (NYSE:AM) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Antero Midstream PS Ratio Related Terms
Antero Midstream PS Ratio Historical Data
* Premium members only.
The historical data trend for Antero Midstream's 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.
For the Oil & Gas Midstream subindustry, Antero Midstream's PS Ratio, along with its competitors' market caps and 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 Midstream PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Midstream's PS Ratio distribution charts can be found below:
* The bar in red indicates where Antero Midstream's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Antero Midstream's Share Price of today is $22.165. Antero Midstream's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.68.
* 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:
Antero Midstream (AM) has a PS Ratio of 8.28 as of Jun. 24, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Antero Midstream and its competitors. This is 52% above median its historical median of 5.43. Over the past decade, Antero Midstream's PS Ratio has ranged from 1.18 to 65.16. According to the industry distribution chart, Antero Midstream ranks #802 out of 877 companies in the Oil & Gas industry, placing it in the top 91.4%.
Is Antero Midstream's PS Ratio too high?
Antero Midstream's current PS Ratio of 8.28 is 52% above median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 65.16. The Oil & Gas industry median PS Ratio is 1.33. Antero Midstream's value of 8.28 is 522.6% above this industry median. Based on the distribution chart, Antero Midstream ranks #802 out of 877 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Antero Midstream has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antero Midstream's PS Ratio compare to VNOM and FRO?
According to the Oil & Gas industry distribution chart, Antero Midstream ranks #802 out of 877 companies for PS Ratio. This places Antero Midstream in the lower half of its industry. The industry median PS Ratio is 1.33. Antero Midstream's value of 8.28 is 522.6% above this benchmark. Historically, Antero Midstream's own PS Ratio has ranged from 1.18 to 65.16 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 1.33, Antero Midstream has consistently been above 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.33, based on 877 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Midstream's current PS Ratio of 8.28 is 522.6% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Antero Midstream and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Midstream's current PS Ratio is 8.28, which is 52% above median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antero Midstream stock overvalued right now?
Based on GuruFocus' analysis, Antero Midstream (AM) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.30, compared to a current price of $22.17 — trading 28.1% above its estimated fair value. The current PS Ratio is 8.28, which is 52% above median its 10-year median of 5.43 and 522.6% above the Oil & Gas industry median of 1.33. Antero Midstream's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Antero Midstream (AM), the current PS Ratio is 8.28 as of Jun. 24, 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 Midstream (AM) Overvalued in 2026?
Based on GuruFocus' analysis, Antero Midstream stock appears to be overvalued.
The current stock price of $22.17 is trading 28.1% above its estimated GF Value™ of $17.30.
GuruFocus considers Antero Midstream to be Modestly Overvalued.
Key valuation signals for AM:
PS Ratio: 8.28 (52% above median its 10-year median of 5.43)
GF Value™: $17.30 vs. price of $22.17 (28.1% above fair value)
Industry Position: 522.6% above the Oil & Gas median (#802 of 877)
No single metric tells the full story. See the AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio. The company has two operating segments: the Gathering and Processing segment, which includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio, and the Water Handling segment, which includes two independent systems that deliver water from sources including the Ohio River, local reservoirs, and several regional waterways. The company derives a majority of its revenue from the Gathering and Processing segment.
81GF Score
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