---
title: Berkshire Hathaway (BRK-B) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/brk-b
ticker: BRK-B
as_of: 2026-10-18
sector: Financial Services
industry: Insurance - Diversified
---
# Berkshire Hathaway (BRK-B)

Berkshire Hathaway (BRK-B) closed at $532.14 on Oct 16, 2026, overvalued by 21% vs its model value of $439.65 (from the justified price to book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $532.14 (Oct 16, 2026) |
| Model value (from the justified price to book) | $439.65 |
| Price vs model | overvalued by 21% vs model |
| Range of that model | $384.70 – $512.93 |
| Market value | $1.1T |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | 18.0% |
| Free cash flow (fiscal 2025) | $25.0B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.60 |
| Cost of capital (WACC) | 8.12% |
| Business classification | Mature & Stable (Revenue declining (~-2% recent), High profitability (27% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #11 | $1.1T | https://sweetvaluelab.com/lists/largest-companies |
| Near 52-week highs | #22 | 0.0% | https://sweetvaluelab.com/lists/near-52-week-highs |
| Insider buying | #33 | $250,072 | https://sweetvaluelab.com/lists/insider-buying |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 18, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/B · justified | primary | $439.65 | $384.70 | $512.93 |
| P/E · peers | cross check | $458.93 | $275.42 | $637.28 |
| P/E · own history | cross check | $287.08 | $222.45 | $373.33 |
| PEG | sanity check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 11, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1067983/000119312526344495/d159922d8k.htm |
| Aug 10, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1067983/000119312526341032/brka-20260630.htm |
| May 7, 2026 | 8-K | 2.02 Results of Operations (Earnings); 5.02 Departure/Election of Directors or Officers; 5.03 Amendment to Articles/Bylaws; 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1067983/000119312526212148/d74313d8k.htm |
| May 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1067983/000119312526202243/brka-20260331.htm |
| Apr 16, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1067983/000119312526159326/d903301d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Gates | 2026-06-30 | 14,689,844 | $7.4B |
| Duan Yongping | 2026-06-30 | 9,229,696 | $4.6B |
| Thomas Gayner | 2026-06-30 | 1,531,971 | $766.6M |
| Yacktman | 2026-06-30 | 1,161,530 | $581.2M |

25 tracked managers in all.

## About

Berkshire Hathaway Inc., established in 1998 and headquartered in Omaha, Nebraska, operates as a vast global conglomerate with diverse business interests. Its core operations primarily encompass insurance, freight rail transportation, and utility services. The company provides a comprehensive suite of insurance and reinsurance products, including coverage for property, casualty, life, accident, and health. Across North America, it manages extensive railway networks dedicated to freight transport. Its utility division is responsible for generating, transmitting, storing, and distributing electricity sourced from various origins such as natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal energy. This segment also oversees natural gas infrastructure, including distribution networks, storage facilities, interstate pipelines, and liquefied natural gas (LNG) operations, alon…

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Source: https://sweetvaluelab.com/stocks/brk-b (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.