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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Antero Resources's annualized net income for the quarter that ended in Mar. 2026 was €1,852 Mil. Antero Resources's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €6,711 Mil. Therefore, Antero Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 27.59%.
The historical rank and industry rank for Antero Resources's Return-on-Tangible-Equity or its related term are showing as below:
FRA:7A6'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.91 Med: -1.21 Max: 29.92
Current: 12.83
During the past 13 years, Antero Resources's highest Return-on-Tangible-Equity was 29.92%. The lowest was -19.91%. And the median was -1.21%.
FRA:7A6's Return-on-Tangible-Equity is ranked better than 67.06% of 944
companies
in the Oil & Gas industry
Industry Median: 6.75
vs FRA:7A6: 12.83
Antero Resources (FRA:7A6) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Antero Resources Return-on-Tangible-Equity Related Terms
Antero Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Antero Resources's Return-on-Tangible-Equity 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.
FRA:7A6 vs APA, RRC, OVV: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Antero Resources's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Antero Resources's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 27.59% mean?
Antero Resources (FRA:7A6) has a Return-on-Tangible-Equity of 27.59% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Antero Resources and its competitors. According to the industry distribution chart, Antero Resources ranks #311 out of 944 companies in the Oil & Gas industry, placing it in the top 32.9%.
Is Antero Resources' Return-on-Tangible-Equity too high?
Antero Resources' current Return-on-Tangible-Equity is 27.59%. The Oil & Gas industry median Return-on-Tangible-Equity is 6.75. Antero Resources' value of 27.59% is 308.7% above this industry median. Based on the distribution chart, Antero Resources ranks #311 out of 944 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' Return-on-Tangible-Equity compare to APA and RRC?
According to the Oil & Gas industry distribution chart, Antero Resources ranks #311 out of 944 companies for Return-on-Tangible-Equity. This puts Antero Resources in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.75. Antero Resources' value of 27.59% is 308.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.75, based on 944 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current Return-on-Tangible-Equity of 27.59% is 308.7% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Antero Resources and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current Return-on-Tangible-Equity is 27.59%. 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 €39.12, compared to a current price of €30.21 — trading 22.8% below its estimated fair value. The current Return-on-Tangible-Equity is 27.59% and 308.7% above the Oil & Gas industry median of 6.75. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Antero Resources (FRA:7A6), the current Return-on-Tangible-Equity is 27.59% 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 €30.21 is trading 22.8% below its estimated GF Value™ of €39.12.
GuruFocus considers Antero Resources to be Modestly Undervalued.
Key valuation signals for FRA:7A6:
Return-on-Tangible-Equity: 27.59%
GF Value™: €39.12 vs. price of €30.21 (22.8% below fair value)
Industry Position: 308.7% above the Oil & Gas median (#311 of 944)
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 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
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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