Antero Midstream price to book ratio AM

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: 5.1×
9-year median: 2.7×
Against its 9-year history: 77th; percentile: 0 is its lowest day, 100 its highest
9-year range: 0.3× to 200×
Peer median: 2.6×

Antero Midstream's price to book ratio is 5.1× as of Oct 23, 2026.

That is above its 9-year median of 2.7×, higher than on 77% of days in the last 9 years.

Over that time it ranged from 0.3× in Mar 2020 to 200× in Aug 2017.

The median for 10 oil and gas pipeline stocks of a similar size is 2.6×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	5.1×	4.0×	5.7×
2025	4.1×	3.5×	4.5×
2024	3.4×	2.6×	3.6×
2023	2.8×	2.2×	3.0×
2022	2.3×	1.9×	2.5×
2021	2.0×	1.5×	2.3×
2020	1.5×	0.3×	1.6×
2019	1.1×	0.6×	99.4×
2018	82.0×	82.0×	197×
2017	180×	180×	200×

Against its peers

Companies in Oil & Gas Midstream nearest Antero Midstream's size, closest first, today.

Company	Price to book ratio
AMAntero Midstream	5.1×
KNTKKinetik	n/m
DTMDT Midstream	2.6×
SWXSouthwest Gas	1.6×
WESWestern Midstream Partners	4.4×
AROCArchrock	3.3×
KGSKodiak Gas Services	2.1×
CPKChesapeake Utilities	1.9×
CQPCheniere Energy Partners	42.5×
VGVenture Global	4.1×
CTRICenturi	2.2×
Peer median	2.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Antero Midstream

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.