Berkshire Hathaway Inc. Class B (BRK.B)

NYSE: BRK.B · USD

$541

-2.23 (-0.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-21

Our latest published analysis: BRK.B rated Sell

Berkshire Hathaway Inc. Class B's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$326 / share

Potential value

$384 / share

Upside to FV

-36.1%

from $541

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$1.09T
Revenue (ttm)	384.7B
Net income (ttm)	85.8B
EPS (ttm)	$39.8
Shares out	2.1B
P/E (trailing)	13.6x
P/E (forward)	23.0x
Volume	2,100,315
Beta	0.59

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 384.7B
Net income (ttm): 85.8B
EPS (ttm): $39.8
P/E (trailing): 13.6x
P/E (forward): 23.0x
Market cap: $1.09T

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$191.25B	$207.77B	$254.91B	$249.71B	$247.24B	+6.6%
Gross profit	$207.84B	$0	$0	$0	$0	—
Operating income	$199.30B	$-26.15B	$125.17B	$115.58B	$87.53B	-18.6%
Net income	$89.94B	$-22.76B	$96.22B	$89.00B	$66.97B	-7.1%
EPS (diluted)	$39.68	$-10.33	$44.27	$41.27	$31.04	-6.0%
EBITDA	$210.02B	$-80.03B	$214.55B	$183.73B	$153.83B	-7.5%
R&D	—	—	—	—	—	—
SG&A	—	$25.06B	$31.50B	$32.71B	$37.42B	+14.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	强力买入
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	强力买入
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	持有
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	买入
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	强力买入
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	买入

Base and Bull scenarios

Base55%

Price target

$325.94

-36.1% from spot

Under the Base scenario, assigned a 55.0% probability, intrinsic value is estimated at $325.94, implying an expected return of -36.1% from $509.77. This path assumes normalized underwriting profitability, steady freight and energy volume, and gradual capital reinvestment. Disconfirmation would occur if underwriting margins deteriorate significantly or if interest rate cuts accelerate float yield decline before FY2027.

Consolidated operating margins remain stable across non-insurance subsidiaries
Insurance underwriting delivers disciplined positive underwriting margins
Regulated capital expenditures at BHE and BNSF convert into rate-base and network efficiency gains

Bull20%

Price target

$383.68

-24.7% from spot

Under the Bull scenario, carrying a 20.0% probability, intrinsic value reaches Potential value of $383.68, reflecting an expected return of -24.7% compared to $509.77. This outcome requires prolonged commercial insurance rate hardening, accelerated capital deployment of liquidity into higher-yielding operating acquisitions, and resolution of utility liabilities without significant equity impairment.

Accelerated redeployment of cash reserves into high-yielding productive acquisitions
Commercial property and casualty insurance pricing sustains elevated underwriting margins
Regulatory settlements at BHE limit incremental wildfire liability charges

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($325.94). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
5.7%	$353	$353	$353	$353	$353
6.7%	$339	$339	$339	$339	$339
7.7%	$326	$326	$326	$326	$326
8.7%	$313	$313	$313	$313	$313
9.7%	$301	$301	$301	$301	$301

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E23

P25 n/aP50 n/aP75 n/a

Trailing P/E12.8

P25 n/aP50 n/aP75 n/a

ROE12.1

P25 n/aP50 n/aP75 n/a

ROIC19.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All BRK.B indicators

Market & fundamental data

Available fields

274

Groups with data

Currency

USD

Showing 274 of 274 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001067983
Company name	Berkshire Hathaway Inc.
Country	United States
Country code	US
CUSIP number	084670702
Earnings date	2026-11-10
Earnings time	bmo
Employees	387,800
Employees change	-4,600
Employees growth	-1.17%
Enterprise value	$920.9B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1839
In index	SP500
Industry	Insurance - Diversified
Is primary listing	No
Is SPAC	No
ISIN number	US0846707026
Last 10-K release date	2026-03-02
Last earnings date	2026-08-08
Last refreshed	2026-10-28
Last stock split date	2010-01-21
Last stock split type	Forward
Market cap	$1.2T
Market cap category	Mega-Cap
Next earnings date	2026-11-10
Options	Yes
Price	$540.79
Price currency	USD
Sector	Financials
SIC code	6331
Stock price date	2026-10-28
Symbol	BRK.B
U.S. state	Nebraska
Website	https://www.berkshirehathaway.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	0.02x
Average P/E ratio (10Y)	19.88x
Average P/E ratio (3Y)	12.8x
Average P/E ratio (5Y)	18.38x
Earnings yield	7.36%
EV/Earnings	10.79x
EV/EBIT	7.93x
EV/EBITDA	7.08x
EV/FCF	38.22x
EV/Sales	2.41x
FCF / EV yield	2.62%
FCF yield	2.09%
Forward EV/Sales	2.22x
Forward P/E	24.33x
Forward P/S	2.78x
Graham number	563.8781
Graham upside	3.7%
Industry forward P/E	20.4x
Industry P/E	13.19x
Lynch fair value	$200.98
Lynch upside	-63.04%
P/B ratio	1.55x
P/E ratio	13.59x
P/FCF ratio	47.91x
P/OCF ratio	24.88x
P/S ratio	3.02x
Price / tangible book value	1.84x
Price/EBITDA ratio	8.88x
Sector forward P/E	13.61x
Sector P/E	15.68x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	30.33%
EBITDA margin	33.97%
Effective tax rate	19.51%
FCF margin	6.29%
Gross margin	30.33%
Operating margin	30.33%
Pretax margin	27.8%
Profit margin	22.3%
Profit per employee	$221,166
Profitable quarters	11
Profitable years	3
Revenue per employee	$991,973
ROA	6.01%
ROA (5Y)	5.03%
ROCE	10.53%
ROE	12.12%
ROE (5Y)	11.47%
ROIC	19.28%
ROIC (5Y)	13.97%
Tax / revenue	5.42%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	36.32%
EPS growth (Q)	107.75%
EPS growth (QoQ)	154.28%
EPS growth 10Y	14.42%
EPS growth 3Y	0.13%
EPS growth 5Y	-2.67%
EPS growth quarters	2
EPS growth years	0
FCF growth	194.41%
FCF growth (Q)	6.56%
FCF growth (QoQ)	2.16%
FCF growth 3Y	-2.46%
FCF growth 5Y	-3.79%
Gross profit growth	37.09%
Gross profit growth (Q)	59.77%
Gross profit growth 3Y	1.92%
Gross profit growth 5Y	-3.12%
Net income growth	36.32%
Net income growth (Q)	107.49%
Net income growth (QoQ)	153.98%
Net income growth 3Y	-0.36%
Net income growth 5Y	-4.11%
Net income growth quarters	2
Net income growth years	0
OCF growth	70.12%
OCF growth (Q)	11.21%
OCF growth (QoQ)	7.44%
OCF growth 10Y	3.58%
OCF growth 3Y	2.65%
OCF growth 5Y	2.18%
Operating income growth	37.09%
Operating income growth (Q)	59.77%
Operating income growth 3Y	1.92%
Operating income growth 5Y	-3.12%
Revenue growth	3.93%
Revenue growth (Q)	10.05%
Revenue growth (QoQ)	8.68%
Revenue growth 10Y	6.45%
Revenue growth 3Y	4.94%
Revenue growth 5Y	8.06%
Revenue growth quarters	4
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-22.4B
Depreciation and amortization	$14B
EBIT	$116.7B
EBITDA	$130.7B
EPS	$39.78
FCF per share	$11.31
Financing cash flow	$-763M
Free cash flow	$24.2B
Gross profit	$116.7B
Income taxes	$20.9B
Investing cash flow	$-106.1B
Net borrowing	$3.9B
Net cash flow	$-59.9B
Net income	$85.8B
Operating income	$116.7B
Revenue	$384.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.01
Book value per share	$348.15
Debt / EBITDA	0.97
Debt / equity	0.17
Debt / FCF	5.31
Goodwill	$83.2B
Interest coverage	22.46
Long-term assets	$813.6B
Long-term liabilities	$357.4B
Net cash (debt)	$236.9B
Net cash / market cap	20.42%
Net cash growth	9.14%
Net debt / EBITDA	-1.81
Net debt / equity	-0.32
Net debt / FCF	-9.78
Piotroski F-Score	4
Property, plant and equipment	$244.1B
Shareholders' equity	$750.2B
Tangible book value	$629.8B
Tangible book value per share	$439,757.35
Total assets	$1.3T
Total cash	$365.5B
Total debt	$128.6B
Total liabilities	$512.9B
WACC	7.1%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.32
Current assets	$449.4B
Current liabilities	$155.5B
Current ratio	2.89
Inventory turnover	1.3
Net working capital	$-68.9B
Quick ratio	2.69
Working capital	$294B
Working capital turnover	1.33

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0%
Dividend yield	0%
Shareholder yield	0%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	275%
10Y return CAGR	14.13%
10Y total return	275%
150-day SMA	$496.63
15Y price change	572.99%
15Y return CAGR	13.55%
15Y total return	572.99%
1D price change	-0.41%
1M price change	7.16%
1M total return	7.16%
1W price change	0.35%
1W total return	0.35%
1Y price change	10.99%
1Y return CAGR	10.99%
1Y total return	10.99%
20-day SMA	$525.08
200-day SMA	$495.27
20Y price change	683.47%
20Y return CAGR	10.84%
20Y total return	683.47%
3M price change	8.95%
3M total return	8.95%
3Y price change	63.3%
3Y return CAGR	17.76%
3Y total return	63.3%
50-day SMA	$513.38
50-day SMA vs 200-day SMA	50over200
52-week high	$549.96
52-week high date	2026-10-22
52-week low	$464.01
52-week low date	2026-04-16
5Y price change	88.23%
5Y return CAGR	13.49%
5Y total return	88.23%
6M price change	14.57%
6M total return	14.57%
After-hours change	0.01%
After-hours close	$540.79
After-hours price	$540.83
All-time high	$549.96
All-time high date	2026-10-22
All-time low	$19.80
All-time low date	1996-05-31
Average true range (ATR)	$6.36
Average volume	4.2M
Beta (5Y)	0.6
Change from 52-week high	-1.67%
Change from 52-week low	16.55%
Change from all-time high	-1.5%
Change from all-time low	2,635.81%
Change from open	-0.05%
Day's gap	-0.36%
Dollar volume	$1.1B
High price	$544.84
Low price	$539.65
Monthly RSI	63.18
Open price	$541.06
Position in 52-week range	21.97%
Premarket change	-0.88%
Premarket close	$542.99
Premarket price	$538.20
Premarket volume	60K
Previous close	$542.99
Price vs 150-day SMA	9.07%
Price vs 20-day SMA	3.16%
Price vs 200-day SMA	9.37%
Price vs 50-day SMA	5.51%
Relative volume	0.5
RSI	67.05
Sharpe ratio	0.51
Sharpe ratio (3Y)	0.82
Sharpe ratio (5Y)	0.59
Sortino ratio	1.13
Sortino ratio (3Y)	1.55
Sortino ratio (5Y)	1.21
Volume	2.1M
Weekly RSI	67.89
YTD price change	7.77%
YTD total return	7.77%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.2M
Float percentage	0.06%
Shares change (QoQ)	-0.12%
Shares change (YoY)	-0%
Shares held by insiders	13.4%
Shares held by institutions	52.28%
Shares outstanding	2.1B
Short % of shares	0.58%
Short ratio	2.7 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	558

Deeper analysis on BRK.B

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this BRK.B report

What is the latest published BRK.B stock rating?

Berkshire Hathaway Inc. Class B is shown with Sell in the latest published report, analyzed 2026-09-21. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full BRK.B analysis?

The full latest published report, analyzed 2026-09-21, lives at /stocks/BRK.B/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for BRK.B?

The latest published report analyzed 2026-09-21 gives BRK.B a fair value of USD 326 and a potential value of USD 384. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the BRK.B page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-21). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellBRK.B · Fair value $326-36.1%

Read full analysis →

Berkshire Hathaway Inc. Class B (BRK.B)

Our latest published analysis: BRK.B rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · BRK.B

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All BRK.B indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on BRK.B

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	9.0
Competitive Moat	9.0
Earnings Quality	6.5
Capital Efficiency	5.5