Is Antero Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Antero Resources Corp. has moved from very attractive to fair. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 31, significantly higher than the industry average of 17.26, while the EV to EBITDA ratio is 12.37, also above the peer average. Additionally, the PEG ratio is notably low at 0.19, indicating potential overvaluation relative to growth expectations.
In comparison to its peers, Ovintiv, Inc. has a P/E of 6.38 and Range Resources Corp. has a P/E of 11.61, both suggesting that Antero Resources Corp. is trading at a premium. Despite a strong 5-year return of 767.04%, the company has underperformed against the S&P 500 in the short term, with a year-to-date return of -12.18% compared to the index's 13.30%. This further reinforces the view that Antero Resources Corp. is currently overvalued.