As of 2026-07-10 · Last updated: 2026-07-12 · Source: SEC EDGAR (XBRL companyfacts, CIK 0001067983), stockanalysis (prices, statistics, financials, ratios, consensus), Berkshire Hathaway earnings releases (8-K) and shareholder letters, Company IR · Prices & financials updated periodically (not real-time) · Information tool (not investment advice)
Very little debt to repay and plenty of cash on hand, so it is hard to shake.
Metrics · D/E ~18% · Current Ratio 2.88
💲Is the price expensive now?
Not a heavy price burden
The price is set low relative to its earning power.
Metrics · P/E 14.7 · P/B 1.5
💡P/B 1.46x is in its historical range; GAAP ROE 10.5% and ~12% operating margin are steady; no dividend by policy; D/E 0.18x, current ratio 2.88x — very solid.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: stockanalysis · Berkshire earnings releases (P/B, ROE, debt and current ratio are TTM; operating margin is Berkshire's own Operating Earnings ÷ revenue), as of 2026-07-10
Business Summary · Key Value Metrics
A sprawling holding company that runs 60-plus wholly owned subsidiaries — insurance (GEICO), railroads (BNSF), energy (BHE) — alongside a large listed-equity portfolio led by Apple. TTM revenue is $375.4B; GAAP net income swings sharply because it marks its equity holdings to market.
Current Price
$493.71
-0.35%-$1.74· Close 2026-07-10
Analyst Consensus Target (external reference)
$520.33
Avg. of 4 external analysts · stockanalysis (consensus of 4 S&P Global analysts, Buy) — note that coverage is very limited
P/E (TTM)
14.7x
TTM; volatile GAAP
P/B
1.46x
TTM
ROE
10.5%
TTM; GAAP
Market Cap
$1.06T
As of 2026-07-10
Dividend Yield
0%
No dividend; reinvests
Cash & S-T Treasuries
$397.4B
As of 2026-03 (stockanalysis)
Economic Moat · Key Business Segments
Berkshire rests on a 60-year capital-allocation track record built by Warren Buffett and the late Charlie Munger (d. 2023), plus interest-free 'float' from insurers such as GEICO ($176B at year-end 2025). It runs wholly owned subsidiaries like BNSF (rail) and BHE (energy) alongside a listed-equity portfolio led by Apple, and held $373B in cash and short-term Treasuries at year-end 2025, giving it enormous financial firepower (source: Berkshire earnings releases and 10-K).
Capital-allocation skill
A 60-year investing track record from Warren Buffett (stepped down as CEO at the end of 2025) and the late Charlie Munger (d. 2023); Greg Abel takes over as CEO from 2026.
Insurance float
Interest-free funds sourced from insurers such as GEICO ($176B at year-end 2025), used as low-cost leverage to fund investments.
Diversified wholly-owned subsidiaries
Full ownership of 60-plus subsidiaries including BNSF (rail) and BHE (Berkshire Hathaway Energy), spreading exposure across economic cycles.
Fortress balance sheet
Holds $373B in cash and short-term Treasuries at year-end 2025 with a very low 0.18x debt-to-equity, ready to seize opportunities even in a crisis.
10-Year Financial Trends
Revenue grew at a 9-year CAGR of +6.3% (from $215.1B in 2016 to $371.4B in 2025). Berkshire's separately reported non-GAAP Operating Earnings (which exclude investment and derivative gains and losses) rose from $24.8B in 2018 to $44.5B in 2025. GAAP net income, by contrast, is highly volatile because the accounting standard (ASU 2016-01) runs unrealized gains and losses on equity holdings through the income statement: it posted a -$22.8B loss in 2022, snapped back to $96.2B in 2023, then eased to $67.0B in 2025 (source: SEC EDGAR 10-K · Berkshire earnings releases).
9-Year CAGR: Revenue +6.3% · Operating Income +8.7% · Net Income +12.0% · EPS -6.0%
Source: SEC EDGAR XBRL (companyfacts, CIK 0001067983) · stockanalysis · Berkshire earnings releases (8-K) and shareholder letters. Revenue and net income are 2016–2025 (9 years, GAAP), but Operating Earnings — Berkshire's own non-GAAP metric — is only officially reported for 2018–2025 (7 years). EPS (Class B-equivalent), P/E and ROE cover only 2021–2025 (5 years) due to data limits, with 2022 P/E excluded (net loss). GAAP net income and EPS are extremely volatile because of unrealized mark-to-market gains and losses on equity holdings (ASU 2016-01).
Mega-Cap Value Metric Comparison
P/B, P/E, ROE and debt levels are all similar to Markel's (MKL), but Berkshire is roughly 44x larger by market cap (about $1.06T vs $24.4B) and is a far more diversified holding company spanning rail, energy and manufacturing (source: stockanalysis).
Metric
★ BRK.B
MKL
P/B
1.46x
1.35x
P/E (TTM)
14.7x
14.1x
ROE
10.5%
10.0%
Debt-to-Equity (D/E)
0.18x
0.24x
Markel (MKL) is the insurance-focused holding company whose business model most resembles Berkshire's, but its far smaller market cap (about $24.4B) limits any direct comparison · source: stockanalysis, 2026-07-10.
Key Risk Factors (from 10-K)
●
Management succession— Warren Buffett stepped down as CEO at the end of 2025 and Greg Abel has succeeded him. Whether Buffett's distinctive feel for capital allocation carries over under the new leadership remains to be seen.Source: Company IR · press reports
●
Limits of scale— At a $1T+ market cap, even large acquisitions or investments move overall results less and less — the 'law of large numbers' at work.Source: Company 10-K Risk Factors
●
Concentration risk— Apple made up about 22% of the listed-equity portfolio as of Q1 2026 — down from its 50%+ peak in 2023, but still high.Source: 13F filings · press reports
●
Excess cash (cash drag)— It held $373B in cash and short-term Treasuries at year-end 2025 for want of attractive deals; the large low-yield allocation can drag on overall returns.Source: Company earnings releases
✦ ValueCrab Dashboard PreviewBRK.B $493.71 -0.35% · as of 2026-07-10
Q. What are Berkshire Hathaway's (BRK.B) key value-investing metrics?P/B 1.46x, P/E (TTM) 14.7x, ROE 10.5%, no dividend (reinvestment policy), and a 9-year revenue CAGR of +6.3% (source: stockanalysis, as of 2026-07-10). GAAP net income is volatile because it reflects mark-to-market gains and losses on investments.
Q. Why value it on P/B instead of P/E?Berkshire's GAAP net income swings sharply from quarter to quarter because it includes unrealized gains and losses on its equity holdings. Investors have therefore traditionally used price-to-book (P/B) as the more meaningful valuation yardstick. Warren Buffett has in the past repurchased shares when P/B was below 1.2x. (This is informational and not a recommendation to buy or sell.)
Q. Why doesn't it pay a dividend?Berkshire has not paid a dividend since 1967. It is a long-standing policy that reinvestment and buybacks build more shareholder value than dividends do — not a sign of financial weakness.
Q. Who runs the company after Warren Buffett's retirement?Greg Abel has been CEO since January 2026. Warren Buffett stepped down as CEO at the end of 2025, and Charlie Munger passed away in 2023.