Antero Midstream Corporation (AM) P/E Ratio History
ExpensiveTrading at 25.2x vs 5Y avg 17.3x · 95th percentile · Material premium to history · Data 2017–2026
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P/E Ratio Analysis
As of June 21, 2026, Antero Midstream Corporation (AM) trades at a price-to-earnings ratio of 25.2x, with a stock price of $21.71 and trailing twelve-month earnings per share of $0.86.
The current P/E is 46% above its 5-year average of 17.3x. Over the past five years, AM's P/E has ranged from a low of 13.1x to a high of 26.5x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Energy sector median P/E of 15.5x, AM trades at a 63% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 1.6x to 166.4x.
Relative to the broader market, AM trades roughly in line with the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AM P/E vs Peers
Gas Gathering, Processing and NGLs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $8B | 12.9 | 0.76 | +15% | |
| $3B | 15.3 | - | +10% | |
| $17B | 14.3 | 0.70 | -25% | |
| $56B | 30.3 | - | +48% | |
| $25B | 14.5 | 0.41Best | +49% | |
| $12B | 76.7 | 4.87 | -66% | |
| $58B | 11.8Lowest | - | +14% | |
| $10B | 16.4 | - | +1028%Best | |
| $32B | 15.3 | - | +707% | |
| $9B | 13.3 | - | +151% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AM Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $22.80 | $0.86 | 26.5x | -82% |
| FY2025 Q4 | Dec 31 2025 | $17.79 | $0.86 | 20.7x | -86% |
| FY2025 Q3 | - | $19.44 | $0.98 | 19.8x | -87% |
| FY2025 Q2 | Jun 30 2025 | $18.95 | $0.95 | 19.9x | -87% |
| FY2025 Q1 | Mar 31 2025 | $18.00 | $0.87 | 20.7x | -86% |
| FY2024 Q4 | - | $15.09 | $0.83 | 18.2x | -88% |
| FY2024 Q3 | Sep 30 2024 | $15.05 | $0.81 | 18.6x | -88% |
| FY2024 Q2 | Jun 30 2024 | $14.74 | $0.80 | 18.4x | -88% |
| FY2024 Q1 | Mar 31 2024 | $14.06 | $0.80 | 17.6x | -88% |
| FY2023 Q4 | Dec 31 2023 | $12.53 | $0.77 | 16.3x | -89% |
| FY2023 Q3 | Sep 30 2023 | $11.98 | $0.73 | 16.4x | -89% |
| FY2023 Q2 | Jun 30 2023 | $11.60 | $0.70 | 16.6x | -89% |
| FY2023 Q1 | Mar 31 2023 | $10.49 | $0.69 | 15.2x | -90% |
| FY2022 Q4 | Dec 31 2022 | $10.79 | $0.68 | 15.9x | -90% |
| FY2022 Q3 | Sep 30 2022 | $9.18 | $0.67 | 13.7x | -91% |
| FY2022 Q2 | - | $9.05 | $0.69 | 13.1x | -91% |
| FY2022 Q1 | - | $10.87 | $0.69 | 15.8x | -90% |
| FY2021 Q4 | Dec 31 2021 | $9.68 | $0.69 | 14.0x | -91% |
| FY2021 Q3 | - | $10.42 | $0.69 | 15.1x | -90% |
| FY2021 Q2 | Jun 30 2021 | $10.39 | $0.72 | 14.4x | -90% |
| FY2021 Q1 | Mar 31 2021 | $9.03 | $0.73 | 12.4x | -92% |
| FY2019 Q3 | Sep 30 2019 | $7.40 | $0.70 | 10.6x | -93% |
| FY2019 Q2 | Jun 30 2019 | $11.46 | $1.36 | 8.4x | -94% |
| FY2019 Q1 | Mar 31 2019 | $13.78 | $1.29 | 10.7x | -93% |
| FY2018 Q4 | Dec 31 2018 | $11.18 | $1.32 | 8.5x | -94% |
| FY2018 Q3 | Sep 30 2018 | $16.92 | $0.26 | 65.1x | -57% |
| FY2018 Q2 | Jun 30 2018 | $18.86 | $0.19 | 99.3x | -34% |
| FY2018 Q1 | Mar 31 2018 | $15.99 | $0.11 | 143.7x | -5% |
| FY2017 Q4 | Dec 31 2017 | $19.72 | $0.02 | 835.6x | +453% |
| FY2017 Q3 | Sep 30 2017 | $20.47 | $0.02 | 1233.1x | +716% |
| FY2017 Q2 | Jun 30 2017 | $21.98 | $0.01 | 1911.3x | +1165% |
Average P/E for displayed period: 151.1x
Full Stock Analysis
Deep dive into AM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AM — Frequently Asked Questions
Quick answers to the most common questions about buying AM stock.
What is AM's P/E ratio?
Antero Midstream Corporation (AM) trailing twelve-month P/E ratio is 25.2x, based on TTM diluted EPS of $0.86. The 5-year average P/E is 17.3x and the historical range spans 13.1x to 26.5x.
Is AM stock overvalued or undervalued?
AM trades at 25.2x P/E, above its 5-year average of 17.3x. The 95th percentile ranking within the 13.1x–26.5x historical range indicates a premium to historical valuation.
Is AM stock expensive?
Yes, AM is expensive relative to its own history. The current P/E of 25.2x is above the 5-year average of 17.3x and also above the Energy sector median of 15.5x. The stock sits at the 95th percentile of its 5-year valuation range.
What is AM's historical P/E range?
Over the past 5 years, AM's P/E ratio has ranged from 13.1x to 26.5x, with a median of 16.6x and an average of 17.3x. The current P/E of 25.2x places the stock at the 95th percentile of this range. Full historical data spans 2017–2026.
How does AM's P/E compare to the S&P 500?
AM trades at 25.2x P/E versus the S&P 500 median of 24.4x. The 3% premium to the market typically reflects higher expected earnings growth or quality.
How does AM's valuation compare to Energy peers?
Antero Midstream Corporation P/E of 25.2x compares to the Energy sector median of 15.5x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AM's PEG ratio?
AM PEG ratio is N/A, based on a P/E of 25.2x and EPS growth of 3.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AM's earnings yield?
AM earnings yield is 3.96%, the inverse of its 25.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.