Is Antero Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Antero Resources Corp. moved from very attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 31, a Price to Book Value of 1.66, and an EV to EBITDA of 12.37. In comparison to peers, Antero Resources Corp. has a lower P/E ratio than Ovintiv, Inc. at 6.38 and Range Resources Corp. at 11.61, suggesting that it is relatively better valued within its industry.
Despite the fair valuation, Antero's ROCE of 3.73% and ROE of 5.29% indicate modest profitability levels. Although specific return data is not available, the lack of significant returns compared to the S&P 500 reinforces the notion that the stock is currently fairly valued rather than undervalued or overvalued.