Antero Resources Corp
NYSE: AR · ENERGY · OIL & GAS E&P
Updated 2026-04-29
Antero Resources Corp (AR) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for AR.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
AR historical valuation range
Where current P/E sits in AR's own 5Y range.
AR intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
AR valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 19.22x
P/S Ratio — History
Current: 2.35x
Is AR overvalued in 2026?
Antero Resources Corp (AR) currently trades at $39.01 per share with a market capitalization of $12,086,287,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 73/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 19.2x, above its 5-year median of 18.3x. The PEG ratio of 0.83 suggests earnings growth is outpacing the multiple, a classic sign of undervaluation.
Looking at its own history, AR is currently trading more expensive than 78% of the last 5Y on P/E. This places it in the 78th percentile of its historical range, a zone where forward returns have typically been muted.
Our discounted cash flow model estimates AR's intrinsic value at $65.84 per share, against the current market price of $39.01. This implies a margin of safety of +46.67%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Balance sheet and operating quality look strong. A Piotroski F-Score of 7/9 points to improving profitability, declining leverage, and healthy operating efficiency.
Bottom line: AR trades at a fair valuation on our framework, with a Smart Value Score of 73/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is AR overvalued in 2026?
Based on a Smart Value Score of 73/100, AR is fairly valued. Price reasonably reflects current fundamentals with limited cushion in either direction.
What is AR's fair value?
Our DCF model estimates AR's intrinsic value at $65.84 per share, versus the current price of $39.01. This produces a margin of safety of +46.67%.
What P/E ratio does AR trade at?
AR trades at a P/E of 19.2x on trailing twelve-month earnings, compared to its 5-year median of 18.3x.
Is AR a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 73/100 reflects the combined read on growth, quality, and price. The profile is balanced. Best suited for investors with an existing thesis.
How does AR's valuation compare to its history?
On P/E, AR currently sits in the 78th percentile of its own 5Y range. That is historically expensive relative to where it has traded over the period.
What is AR's Smart Value Score?
AR's Smart Value Score is 73/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.