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Antero Resources (Antero Resources) Cyclically Adjusted PS Ratio : 2.44 (As of Apr. 27, 2024)


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What is Antero Resources Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Antero Resources's current share price is $33.80. Antero Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $13.84. Antero Resources's Cyclically Adjusted PS Ratio for today is 2.44.

The historical rank and industry rank for Antero Resources's Cyclically Adjusted PS Ratio or its related term are showing as below:

AR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.11   Max: 4.47
Current: 2.41

During the past years, Antero Resources's highest Cyclically Adjusted PS Ratio was 4.47. The lowest was 1.39. And the median was 2.11.

AR's Cyclically Adjusted PS Ratio is ranked worse than
76.13% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs AR: 2.41

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Antero Resources's adjusted revenue per share data for the three months ended in Mar. 2024 was $3.384. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $13.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Antero Resources Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Antero Resources's Cyclically Adjusted PS 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.

* Premium members only.

Antero Resources Cyclically Adjusted PS Ratio Chart

Antero Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.89 2.52 1.66

Antero Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.80 1.75 1.88 1.66 2.10

Competitive Comparison of Antero Resources's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, Antero Resources's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Resources's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Antero Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Antero Resources's Cyclically Adjusted PS Ratio falls into.



Antero Resources Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Antero Resources's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.80/13.84
=2.44

* 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 Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Antero Resources's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.384/129.4194*129.4194
=3.384

Current CPI (Mar. 2024) = 129.4194.

Antero Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.653 100.560 2.127
201409 1.662 100.428 2.142
201412 1.817 99.070 2.374
201503 1.554 99.621 2.019
201506 1.188 100.684 1.527
201509 1.186 100.392 1.529
201512 1.101 99.792 1.428
201603 1.234 100.470 1.590
201606 1.211 101.688 1.541
201609 1.575 101.861 2.001
201612 1.878 101.863 2.386
201703 2.180 102.862 2.743
201706 2.066 103.349 2.587
201709 2.093 104.136 2.601
201712 2.401 104.011 2.988
201803 2.405 105.290 2.956
201806 2.424 106.317 2.951
201809 2.918 106.507 3.546
201812 3.818 105.998 4.662
201903 3.300 107.251 3.982
201906 2.932 108.070 3.511
201909 2.762 108.329 3.300
201912 2.879 108.420 3.437
202003 2.478 108.902 2.945
202006 2.191 108.767 2.607
202009 2.972 109.815 3.503
202012 3.698 109.897 4.355
202103 4.062 111.754 4.704
202106 3.712 114.631 4.191
202109 4.907 115.734 5.487
202112 6.064 117.630 6.672
202203 5.476 121.301 5.842
202206 7.030 125.017 7.278
202209 7.441 125.227 7.690
202212 5.710 125.222 5.901
202303 3.900 127.348 3.963
202306 2.977 128.729 2.993
202309 3.409 129.860 3.397
202312 3.532 129.419 3.532
202403 3.384 129.419 3.384

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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 Resources  (NYSE:AR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Antero Resources Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Antero Resources's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Antero Resources (Antero Resources) Business Description

Industry
Traded in Other Exchanges
Address
1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.
Executives
Sheri Pearce officer: See Remarks 1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy officer: Senior Vice President Finance 707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Keenan W Howard Jr director 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert J Clark director 1401 17TH STREET, SUITE 1200, DENVER CO 80202
W Patrick Ash officer: See Remarks 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Yvette K Schultz officer: See Remarks. 1615 WYNKOOP STREET, DENVER CO 80202
Brenda R Schroer director 600 W. ILLINOIS AVENUE, ONE CONCHO CENTER, MIDLAND TX 79701
Jacqueline C Mutschler director 2000 ST. JAMES PLACE, HOUSTON TX 77056
Vicky Sutil director 10889 WILSHIRE BLVD., LOS ANGELES CA 90024
Tyree Thomas B Jr director 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Warburg Pincus Llc 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
James R. Levy director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X O&g, L.p. director, 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Paul M Rady director, officer: See Remarks 1625 17TH STREET, DENVER CO 80202