Upside case
Bull case
$9030-98.7%
The bull case prices BRK-A at 0x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewHoldUpdated May 1, 2026
Berkshire Hathaway Inc. (BRK-A) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
10
analysts
4 bullish · 1 bearish · 10 covering BRK-A
Strong Buy
0
Buy
4
Hold
5
Sell
1
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
$603 – $9030
Model bear to bull value window
Coverage
10
Published analyst ratings
Valuation Context
22.6x
Forward P/E · Market cap $1506.15T
BRK-A price targets
Three scenarios for where BRK-A stock could go
Current
~$698200
Confidence
42 / 100
Updated
May 1, 2026
Where we are now
Current · $698200
Bear
$603
Base
$390227
Bull
$9030
Market caseClosest to today
Base case
$390227-44.1%
At 13x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$603-99.9%
If investor confidence fades or macro conditions deteriorate, a 23x multiple contraction could push BRK-A down roughly 100% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Berkshire Hathaway Inc.
BRK-A · NYSEFinancial ServicesInsurance - DiversifiedDecember year-end
Berkshire Hathaway is a massive conglomerate holding company that owns and operates diverse businesses across insurance, railroads, utilities, manufacturing, and consumer goods. It generates revenue primarily through its insurance operations — which provide float for investments — along with operating income from its wholly-owned subsidiaries like BNSF Railway and Berkshire Hathaway Energy. Its key competitive advantage is Warren Buffett's capital allocation expertise and the company's fortress-like balance sheet, which allows it to make large, long-term investments during market downturns.
Market Cap
$1506.15T
Revenue TTM
$375.4B
Net Income TTM
$72.5B
Net Margin
19.3%
BRK-A Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+7.1%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q4 2025
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 2 of 4Q4 2025
EPS
$9378.93/$8573.50
Revenue
$95.0B/$95.6B
Q1 2026
EPS
$7089.43/$8259.23
Revenue
$94.2B/$97.0B
Q1 2026
EPS
$7089.43/$8259.23
Revenue
$100.7B/$97.0B
Q2 2026
EPS
$7878.30/$7611.35
Revenue
$93.7B/$92.9B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q4 2025 | $9378.93/$8573.50 | +9.4% | $95.0B/$95.6B | -0.7% |
| Q1 2026 | $7089.43/$8259.23 | -14.2% | $94.2B/$97.0B | -2.8% |
| Q1 2026 | $7089.43/$8259.23 | -14.2% | $100.7B/$97.0B | +3.8% |
| Q2 2026 | $7878.30/$7611.35 | +3.5% | $93.7B/$92.9B | +0.8% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$388.9B
+3.6% YoY
FY2
$403.4B
+3.7% YoY
EPS Outlook
FY1
$4669.07
+13798.0% YoY
FY2
$4877.83
+4.5% YoY
Trailing FCF (TTM)$23.9B
FCF Margin: 6.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
BRK-A beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
BRK-A Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $368.4B
Product Mix
Latest annual revenue by segment or product family
Berkshire Hathaway Insurance Group
28.3%
-0.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Berkshire Hathaway Insurance Group is the largest disclosed segment at 28.3% of FY 2025 revenue, down 0.8% YoY.
BRK-A Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Overvalued
Fair value est. $671330 — implies -5.5% from today's price.
Premium to Fair Value
5.5%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
BRK-A
9999.0x
vs
S&P 500
25.1x
+39721% premium
vs Financial Services Trailing P/E
BRK-A
9999.0x
vs
Financial Services
13.3x
+74947% premium
vs BRK-A 5Y Avg P/E
Today
9999.0x
vs
5Y Average
—
Benchmark unavailable
Forward PE
22.6x
S&P 500
19.1x
+18%
Financial Services
10.4x
+117%
5Y Avg
—
—
Trailing PE
9999.0x
S&P 500
25.1x
+39721%
Financial Services
13.3x
+74947%
5Y Avg
—
—
PEG Ratio
848.19x
S&P 500
1.72x
+49328%
Financial Services
1.01x
+83758%
5Y Avg
—
—
EV/EBITDA
9999.0x
S&P 500
15.2x
+65596%
Financial Services
11.4x
+87478%
5Y Avg
—
—
Price/FCF
9999.0x
S&P 500
21.1x
+47321%
Financial Services
10.6x
+94666%
5Y Avg
—
—
Price/Sales
4054.8x
S&P 500
3.1x
+129605%
Financial Services
2.2x
+182042%
5Y Avg
—
—
Dividend Yield
—
S&P 500
1.87%
—
Financial Services
2.70%
—
5Y Avg
—
—
| Metric | BRK-A | S&P 500 | Financial Services | 5Y Avg BRK-A |
|---|---|---|---|---|
| Forward PE | 22.6x | 19.1x+18% | 10.4x+117% | — |
| Trailing PE | 9999.0x | 25.1x+39721% | 13.3x+74947% | — |
| PEG Ratio | 848.19x | 1.72x+49328% | 1.01x+83758% | — |
| EV/EBITDA | 9999.0x | 15.2x+65596% | 11.4x+87478% | — |
| Price/FCF | 9999.0x | 21.1x+47321% | 10.6x+94666% | — |
| Price/Sales | 4054.8x | 3.1x+129605% | 2.2x+182042% | — |
| Dividend Yield | — | 1.87% | 2.70% | — |
BRK-A trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolBRK-A Financial Health
Verdict
Strong
BRK-A posts 19.3% net margin with 10.3% ROE — the core signals of underwriting discipline and capital efficiency.
Underwriting & Earnings
Premium revenue, margins, and returns
Revenue (TTM)
Trailing-twelve-month sales base
$375.4B
Revenue Growth
TTM vs prior year
+1.1%
Operating Margin
Operating income divided by revenue
15.3%
Net Margin
Net income divided by revenue
19.3%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$33.60
ROE
Return on equity — measures underwriting and investment efficiency
10.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
5.7%
ROA
Return on assets, trailing twelve months
6.0%
Cash & Equivalents
Liquid assets on the balance sheet
$51.9B
Net Debt
Total debt minus cash
$87.1B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity, trailing twelve months
10.3%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
2.2B
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageBRK-A Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Leadership Transition
The succession of Warren Buffett as CEO introduces uncertainty and potential volatility. Greg Abel's capital allocation decisions and ability to sustain Berkshire's performance will be closely scrutinized by the market.
High Risk
Economic & Geopolitical Risks
Inflationary pressures and unfavorable macroeconomic conditions can reduce operating earnings and limit access to capital markets. Geopolitical events such as conflicts and terrorist attacks pose additional risks to Berkshire’s worldwide operations.
High Risk
Insurance & Equity Exposure
Berkshire’s earnings are heavily tied to its insurance underwriting income and combined ratios, which can fluctuate. Significant equity stakes in companies like Occidental Petroleum and Kraft Heinz expose the firm to potential writedowns.
Medium
Valuation Compression
Although Berkshire’s P/E ratio is relatively conservative, the stock remains exposed to market-driven earnings compression. Valuation metrics such as P/S and EV/S are also points of analysis for investors.
Medium
Regulatory Impact
Changes in insurance and energy regulations can adversely affect operating results and capital allocation. Emerging data privacy and artificial intelligence laws also present regulatory concerns.
Medium
Rate & Credit Sensitivity
Berkshire’s insurance liabilities, investment yields, and financing costs are sensitive to interest rate and credit cycles. Fluctuations in these cycles can impact the company’s profitability.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why BRK-A Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Diversified Revenue Streams
Berkshire Hathaway generates revenue from three primary pillars: insurance, railroads (BNSF), and energy/utilities (BHE). The insurance segment is particularly strong, producing significant underwriting profits and a large float that acts as an interest‑free loan for investment.
Massive Cash Reserves and Low Debt
The company holds substantial cash and U.S. Treasury bills, providing significant financial flexibility. This dry powder allows Berkshire to make large acquisitions during market downturns and deploy capital opportunistically, supported by a low debt‑to‑equity ratio.
Leadership Succession with Greg Abel
With Warren Buffett’s departure, the succession plan places Greg Abel at the helm, a leader already involved in investment decisions. The decentralized culture is expected to thrive under his stewardship, maintaining the firm’s disciplined approach.
Long‑Term Value Creation and Compounding
Berkshire Hathaway is viewed as a durable wealth‑creation machine with a history of compounding value over the long term. Its investment style focuses on quality businesses and disciplined capital allocation, driving future returns.
Resilience in Market Downturns
The diversified operations and strong balance sheet make Berkshire more resilient than the broader market during economic downturns. Its ability to deploy capital at attractive prices during such times can further enhance long‑term value.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
BRK-A Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$698200.00
52W Range Position
13%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$685150.00
+1.9% from the low
52-Week High
$782014.24
-10.7% from the high
1 Month
-2.37%
3 Month
-7.76%
YTD
-6.2%
1 Year
-9.3%
3Y CAGR
+12.4%
5Y CAGR
+10.4%
10Y CAGR
+12.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
BRK-A vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
22.6x
vs 11.0x median
+106% above peer median
Revenue Growth
+3.6%
vs +2.2% median
+60% above peer median
Net Margin
19.3%
vs 11.5% median
+68% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
BRK BRK-A Berkshire Hathaway Inc. | $1506.15T | 22.6x | +3.6% | 19.3% | Hold | — |
MKL MKL Markel Corporation | $22.1B | 15.7x | +3.4% | 10.7% | Hold | +10.5% |
LRE LRE Lead Real Estate Co., Ltd American Depositary Shares | $18M | — | — | 3.0% | — | — |
GLR GLRE Greenlight Capital Re, Ltd. | $608M | 8.9x | -25.8% | 11.5% | Buy | — |
AIG AIG American International Group, Inc. | $42.1B | 10.0x | +1.1% | 11.9% | Hold | +9.1% |
CB CB Chubb Limited | $125.9B | 11.9x | +3.4% | 17.2% | Buy | +6.7% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FAQ
6 questionsBRK-A Investor Questions
Common questions answered from live analyst data and company financials.
01Is Berkshire Hathaway Inc. (BRK-A) stock a buy or sell in 2026?
Berkshire Hathaway Inc. (BRK-A) is rated Hold by Wall Street analysts as of 2026. Of 10 analysts covering the stock, 4 rate it Buy or Strong Buy, 5 rate it Hold, and 1 rate it Sell or Strong Sell. The bear case scenario is $603 and the bull case is $9030.
02Is Berkshire Hathaway Inc. (BRK-A) stock overvalued in 2026?
BRK-A trades at 22.6x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
03What are the main risks for Berkshire Hathaway Inc. (BRK-A) stock in 2026?
The primary risks for BRK-A in 2026 are: (1) Leadership Transition — The succession of Warren Buffett as CEO introduces uncertainty and potential volatility. (2) Economic & Geopolitical Risks — Inflationary pressures and unfavorable macroeconomic conditions can reduce operating earnings and limit access to capital markets. (3) Insurance & Equity Exposure — Berkshire’s earnings are heavily tied to its insurance underwriting income and combined ratios, which can fluctuate. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is Berkshire Hathaway Inc.'s revenue and earnings forecast?
Analyst consensus estimates BRK-A will report consensus revenue of $388.9B (+3.6% year-over-year) and EPS of $4669.07 (+13798.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $403.4B in revenue.
05When does Berkshire Hathaway Inc. (BRK-A) report its next earnings?
A confirmed upcoming earnings date for BRK-A is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
06How much free cash flow does Berkshire Hathaway Inc. generate?
Berkshire Hathaway Inc. (BRK-A) generated $23.9B in free cash flow over the trailing twelve months — a free cash flow margin of 6.4%. BRK-A returns capital to shareholders through and share repurchases ($0 TTM).