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Antero MidstreamAM -1.02%81 Shiller PE Ratio is 40.13 as of Aug. 07, 2026, which is 3% below its 10-year median of 41.45. GuruFocus rates AM with a GF Score™ of 81/100 and a GF Value™ of $18.49 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 435 Oil & Gas companies, Antero Midstream ranks worse than 84.14% on this metric.
As of today (2026-08-07), Antero Midstream's current share price is $21.27. Antero Midstream's E10 for the quarter that ended in Jun. 2026 was $0.53. Antero Midstream's Shiller PE Ratio for today is 40.13.
The historical rank and industry rank for Antero Midstream's Shiller PE Ratio or its related term are showing as below:
AM'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 36.7 Med: 41.45 Max: 49.34
Current: 40.13
During the past years, Antero Midstream's highest Shiller PE Ratio was 49.34. The lowest was 36.70. And the median was 41.45.
AM's Shiller PE Ratio is ranked worse than 84.14% of 435
companies
in the Oil & Gas industry
Industry Median: 17.11
vs AM: 40.13
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Antero Midstream's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.53 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Antero Midstream (NYSE:AM) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Antero Midstream Shiller PE Ratio Related Terms
Antero Midstream Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Antero Midstream's Shiller PE 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 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 Midstream Shiller PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Midstream's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Antero Midstream's Shiller PE Ratio falls into.
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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 Midstream's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Antero Midstream's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our 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.
Antero Midstream (AM) has a Shiller PE Ratio of 40.13 as of Aug. 07, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Antero Midstream and its competitors. This is near median its historical median of 41.45. Over the past decade, Antero Midstream's Shiller PE Ratio has ranged from 36.70 to 49.34. According to the industry distribution chart, Antero Midstream ranks #366 out of 435 companies in the Oil & Gas industry, placing it in the top 84.1%.
Is Antero Midstream's Shiller PE Ratio too high?
Antero Midstream's current Shiller PE Ratio of 40.13 is near median its 10-year median of 41.45. Over the past 10 years, this metric has ranged from a low of 36.70 to a high of 49.34. The Oil & Gas industry median Shiller PE Ratio is 17.11. Antero Midstream's value of 40.13 is 134.5% above this industry median. Based on the distribution chart, Antero Midstream ranks #366 out of 435 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 Shiller PE Ratio compare to VNOM and FRO?
According to the Oil & Gas industry distribution chart, Antero Midstream ranks #366 out of 435 companies for Shiller PE Ratio. This places Antero Midstream in the lower half of its industry. The industry median Shiller PE Ratio is 17.11. Antero Midstream's value of 40.13 is 134.5% above this benchmark. Historically, Antero Midstream's own Shiller PE Ratio has ranged from 36.70 to 49.34 over the past decade. While the company's 10-year median is 41.45 vs. the industry median of 17.11, 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 Shiller PE Ratio for an Oil & Gas company?
The median Shiller PE Ratio among Oil & Gas companies is 17.11, based on 435 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Midstream's current Shiller PE Ratio of 40.13 is 134.5% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Antero Midstream and its competitors. For the Oil & Gas industry, the median Shiller PE Ratio is 17.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Midstream's current Shiller PE Ratio is 40.13, which is near median its own 10-year median of 41.45. 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 $18.49, compared to a current price of $21.27 — trading 15% above its estimated fair value. The current Shiller PE Ratio is 40.13, which is near median its 10-year median of 41.45 and 134.5% above the Oil & Gas industry median of 17.11. Antero Midstream's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Antero Midstream (AM), the current Shiller PE Ratio is 40.13 as of Aug. 07, 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 $21.27 is trading 15% above its estimated GF Value™ of $18.49.
GuruFocus considers Antero Midstream to be Modestly Overvalued.
Key valuation signals for AM:
Shiller PE Ratio: 40.13 (near median its 10-year median of 41.45)
GF Value™: $18.49 vs. price of $21.27 (15% above fair value)
Industry Position: 134.5% above the Oil & Gas median (#366 of 435)
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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