Upside case
Bull case
$759+63.0%
BRK-B would need investors to value it at roughly 37x earnings — about 14x more generous than today's 23x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Berkshire Hathaway Inc. (BRK-B) 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 · 0 bearish · 10 covering BRK-B
Strong Buy
0
Buy
4
Hold
6
Sell
0
Strong Sell
0
Consensus Target
$466
-0.0% vs today
Scenario Range
$326 – $759
Model bear to bull value window
Coverage
10
Published analyst ratings
Valuation Context
22.6x
Forward P/E · Market cap $1.00T
BRK-B price targets
Three scenarios for where BRK-B stock could go
Current
~$466
Confidence
56 / 100
Updated
May 1, 2026
Where we are now
Current · $466
Bear
$326
Base
$513
Bull
$759
Market caseClosest to today
Base case
$513+10.3%
This is close to how the market is already pricing BRK-B — at roughly 25x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$326-30.0%
If investor confidence fades or macro conditions deteriorate, a 7x multiple contraction could push BRK-B down roughly 30% 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-B · NYSEFinancial ServicesInsurance - DiversifiedDecember year-end
Berkshire Hathaway is a massive holding company that owns a diverse collection of insurance, industrial, and consumer businesses. It generates revenue primarily through insurance premiums (~40%), railroad and utility operations (~30%), and manufacturing/service businesses (~30%), while its massive investment portfolio—fueled by insurance float—provides additional income. Its key advantage is the unique capital allocation genius of Warren Buffett and Charlie Munger, combined with permanent insurance float that provides cheap, long-term capital for investments.
Market Cap
$1.00T
Revenue TTM
$375.4B
Net Income TTM
$72.5B
Net Margin
19.3%
BRK-B 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
75%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+27.2%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q4 2025
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q4 2025
EPS
$14.27/$5.39
Revenue
$95.0B/$99.2B
Q1 2026
EPS
$8.90/$5.51
Revenue
$94.2B/$95.6B
Q1 2026
EPS
$4.73/$5.51
Revenue
$100.7B/$97.0B
Q2 2026
EPS
$5.25/$5.08
Revenue
$93.7B/$92.9B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q4 2025 | $14.27/$5.39 | +164.7% | $95.0B/$99.2B | -4.2% |
| Q1 2026 | $8.90/$5.51 | +61.5% | $94.2B/$95.6B | -1.4% |
| Q1 2026 | $4.73/$5.51 | -14.2% | $100.7B/$97.0B | +3.8% |
| Q2 2026 | $5.25/$5.08 | +3.3% | $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
$32.87
-2.3% YoY
FY2
$34.23
+4.1% YoY
Trailing FCF (TTM)$23.9B
FCF Margin: 6.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
BRK-B beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
BRK-B 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-B Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Overvalued
Fair value est. $402 — implies -15.1% from today's price.
Premium to Fair Value
15.1%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
BRK-B
15.0x
vs
S&P 500
25.1x
40% discount
vs Financial Services Trailing P/E
BRK-B
15.0x
vs
Financial Services
13.3x
+13% premium
vs BRK-B 5Y Avg P/E
Today
15.0x
vs
5Y Average
10.7x
+40% premium
Forward PE
22.6x
S&P 500
19.1x
+18%
Financial Services
10.4x
+117%
5Y Avg
—
—
Trailing PE
15.0x
S&P 500
25.1x
-40%
Financial Services
13.3x
+13%
5Y Avg
10.7x
+40%
PEG Ratio
1.27x
S&P 500
1.72x
-26%
Financial Services
1.01x
+26%
5Y Avg
—
—
EV/EBITDA
15.1x
S&P 500
15.2x
-1%
Financial Services
11.4x
+32%
5Y Avg
15.1x
-0%
Price/FCF
40.1x
S&P 500
21.1x
+90%
Financial Services
10.6x
+280%
5Y Avg
42.1x
-5%
Price/Sales
2.7x
S&P 500
3.1x
-14%
Financial Services
2.2x
+21%
5Y Avg
2.5x
+9%
Dividend Yield
—
S&P 500
1.87%
—
Financial Services
2.70%
—
5Y Avg
—
—
| Metric | BRK-B | S&P 500 | Financial Services | 5Y Avg BRK-B |
|---|---|---|---|---|
| Forward PE | 22.6x | 19.1x+18% | 10.4x+117% | — |
| Trailing PE | 15.0x | 25.1x-40% | 13.3x+13% | 10.7x+40% |
| PEG Ratio | 1.27x | 1.72x-26% | 1.01x+26% | — |
| EV/EBITDA | 15.1x | 15.2x | 11.4x+32% | 15.1x |
| Price/FCF | 40.1x | 21.1x+90% | 10.6x+280% | 42.1x |
| Price/Sales | 2.7x | 3.1x-14% | 2.2x+21% | 2.5x |
| Dividend Yield | — | 1.87% | 2.70% | — |
BRK-B trades above S&P 500 benchmarks on 2 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
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-B Financial Health
Verdict
Strong
BRK-B 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
16.1%
Net Margin
Net income divided by revenue
19.3%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$33.63
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-B 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
Economic & Political Environment
Prolonged inflation and geopolitical events, including armed conflicts, can sharply reduce Berkshire Hathaway’s operating earnings and limit access to capital markets. Such macro‑environmental shocks may trigger significant short‑term volatility and long‑term earnings pressure.
High Risk
Natural & Human Disruptions
The conglomerate faces exposure to natural disasters, pandemics such as COVID‑19, and terrorist attacks. These events can cause loss of life, property damage, and operational disruptions across its diverse businesses.
High Risk
Leadership & Succession Uncertainty
Warren Buffett’s aging raises uncertainty about future leadership. A transition could alter strategic direction and performance, potentially leading to significant changes in shareholder value.
Medium
Industry‑Specific Challenges
Berkshire’s portfolio includes sectors with unique risks: declining newspaper circulation, online retail eroding brick‑and‑mortar sales, driverless cars potentially reducing GEICO premiums, and a projected drop in coal transport for BNSF Railroad.
Medium
Valuation & Market Perception
The market may have already priced in future growth, and BRK‑B’s P/E and P/S ratios are high relative to industry peers. This could indicate overvaluation or heightened investor expectations.
Medium
ESG Risks
Environmental, Social, and Governance factors could impact Berkshire’s economic value. The company’s ESG risks are assessed quantitatively, with firms categorized into risk levels.
Lower
Lack of Dividends
Berkshire Hathaway does not pay dividends, limiting appeal to income‑seeking investors. While reinvestment of capital supports growth, it may deter those seeking regular cash flow.
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-B 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
Financial Strength & Flexibility
Berkshire Hathaway maintains a low debt‑to‑equity ratio and a substantial cash reserve, providing significant flexibility in capital deployment. This financial robustness allows the company to weather economic downturns and seize opportunistic investments.
All‑Weather Diversified Conglomerate
The company operates a diversified conglomerate spanning insurance, utilities, manufacturing, and retail. This breadth mitigates market volatility and economic cycle risks, delivering a stable earnings base.
Disciplined Value‑Driven Capital Allocation
Berkshire follows a long‑established, value‑driven investment approach, acquiring quality businesses and repurchasing shares when they trade below intrinsic value. This disciplined strategy aims to enhance shareholder value over the long term.
Clear Succession & Leadership Continuity
The transition to Greg Abel as CEO, with Warren Buffett remaining chairman, provides a clear succession plan. This continuity preserves the company’s consistent operational playbook and strategic focus.
Long‑Term Compounding Engine
Combining strong fundamentals, disciplined capital allocation, and a focus on quality businesses positions Berkshire as a potential long‑term compounder of wealth. The company’s track record supports sustained value creation over time.
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-B 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
$465.52
52W Range Position
16%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$455.19
+2.3% from the low
52-Week High
$521.26
-10.7% from the high
1 Month
-2.46%
3 Month
-7.61%
YTD
-6.3%
1 Year
-9.1%
3Y CAGR
+12.9%
5Y CAGR
+10.5%
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-B 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
+69% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
BRK BRK-B Berkshire Hathaway Inc. | $1.00T | 22.6x | +3.6% | 19.3% | Hold | -0.0% |
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
7 questionsBRK-B Investor Questions
Common questions answered from live analyst data and company financials.
01Is Berkshire Hathaway Inc. (BRK-B) stock a buy or sell in 2026?
Berkshire Hathaway Inc. (BRK-B) is rated Hold by Wall Street analysts as of 2026. Of 10 analysts covering the stock, 4 rate it Buy or Strong Buy, 6 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $466, implying -0.0% from the current price of $466. The bear case scenario is $326 and the bull case is $759.
02What is the BRK-B stock price target for 2026?
The Wall Street consensus price target for BRK-B is $466 based on 10 analyst estimates. The high-end target is $481 (+3.3% from today), and the low-end target is $450 (-3.3%). The base case model target is $513.
03Is Berkshire Hathaway Inc. (BRK-B) stock overvalued in 2026?
BRK-B trades at 22.6x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Berkshire Hathaway Inc. (BRK-B) stock in 2026?
The primary risks for BRK-B in 2026 are: (1) Economic & Political Environment — Prolonged inflation and geopolitical events, including armed conflicts, can sharply reduce Berkshire Hathaway’s operating earnings and limit access to capital markets. (2) Natural & Human Disruptions — The conglomerate faces exposure to natural disasters, pandemics such as COVID‑19, and terrorist attacks. (3) Leadership & Succession Uncertainty — Warren Buffett’s aging raises uncertainty about future leadership. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Berkshire Hathaway Inc.'s revenue and earnings forecast?
Analyst consensus estimates BRK-B will report consensus revenue of $388.9B (+3.6% year-over-year) and EPS of $32.87 (-2.3% year-over-year) for the upcoming fiscal year. The following year, analysts project $403.4B in revenue.
06When does Berkshire Hathaway Inc. (BRK-B) report its next earnings?
A confirmed upcoming earnings date for BRK-B is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Berkshire Hathaway Inc. generate?
Berkshire Hathaway Inc. (BRK-B) generated $23.9B in free cash flow over the trailing twelve months — a free cash flow margin of 6.4%. BRK-B returns capital to shareholders through and share repurchases ($0 TTM).