Berkshire Hathaway Inc. (BRK-B) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Diversified
EV/EBITDA
↑
15.08
-0% vs avg
5yr avg: 15.12
30Y Low7.1·High50.2
P/FCF
↑
40.10
-5% vs avg
5yr avg: 42.13
30Y Low7.8·High160.8
P/B Ratio
↑
1.40
-2% vs avg
5yr avg: 1.42
30Y Low1.1·High2.0
ROE
↓
9.8%
-14% vs avg
5yr avg: 11.3%
30Y Low-5%·High21%
Debt/EBITDA
↓
1.92
↓-14% vs avg
5yr avg: 2.23
30Y Low0.6·High4.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BRK-B Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Berkshire Hathaway Inc. trades at 15.0x earnings, 40% above its 5-year average of 10.7x, sitting at the 24th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 13%. On a free-cash-flow basis, the stock trades at 40.1x P/FCF, roughly in line with the 5-year average of 42.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.00T | $1.08T | $977.5B | $775.1B | $680.6B | $677.3B | $554.6B | $555.1B | $503.4B | $489.0B | $401.9B |
| Enterprise Value | $1.09T | $1.17T | $1.07T | $870.7B | $772.5B | $708.4B | $628.9B | $600.2B | $570.6B | $560.0B | $460.1B |
| P/E Ratio → | 15.00 | 16.19 | 10.98 | 8.06 | — | 7.54 | 13.04 | 6.82 | 125.26 | 10.88 | 16.70 |
| P/S Ratio | 2.70 | 2.92 | 2.63 | 2.13 | 2.25 | 2.45 | 2.26 | 2.18 | 2.03 | 2.04 | 1.87 |
| P/B Ratio | 1.40 | 1.51 | 1.50 | 1.36 | 1.41 | 1.32 | 1.23 | 1.30 | 1.43 | 1.39 | 1.41 |
| P/FCF | 40.10 | 43.30 | 84.15 | 26.02 | 31.28 | 25.91 | 20.72 | 24.45 | 22.02 | 14.35 | 20.52 |
| P/OCF | 21.84 | 23.59 | 31.95 | 15.76 | 18.28 | 17.18 | 13.94 | 14.35 | 13.46 | 10.68 | 12.35 |
P/E links to full P/E history page with 30-year chart
BRK-B EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Berkshire Hathaway Inc.'s enterprise value stands at 15.1x EBITDA, roughly in line with its 5-year average of 15.1x. The Financial Services sector median is 11.4x, placing the stock at a 32% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.15 | 2.89 | 2.39 | 2.56 | 2.57 | 2.56 | 2.36 | 2.30 | 2.33 | 2.14 |
| EV / EBITDA | 15.08 | 16.19 | 14.85 | 14.37 | 14.72 | 15.49 | 15.50 | 14.04 | 13.62 | 16.84 | 12.46 |
| EV / EBIT | 18.53 | 19.90 | 18.06 | 18.09 | 18.57 | 20.23 | 20.98 | 18.37 | 17.77 | 23.26 | 16.42 |
| EV / FCF | — | 46.78 | 92.40 | 29.23 | 35.50 | 27.09 | 23.50 | 26.43 | 24.96 | 16.44 | 23.50 |
BRK-B Profitability
Margins and return-on-capital ratios measuring operating efficiency
Berkshire Hathaway Inc. earns an operating margin of 15.9%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 13.2% to 15.9% over the past 3 years, signaling improving operational efficiency. ROE of 9.8% is modest. ROIC of 5.7% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.6% | 23.6% | 23.3% | 19.5% | 19.7% | 20.0% | 19.9% | 20.5% | 20.5% | 17.6% | 21.5% |
| Operating Margin | 15.9% | 15.9% | 16.0% | 13.2% | 13.8% | 12.7% | 12.2% | 12.8% | 13.0% | 10.0% | 13.0% |
| Net Profit Margin | 18.0% | 18.0% | 24.0% | 26.4% | -7.5% | 32.6% | 17.3% | 32.0% | 1.6% | 18.7% | 11.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 9.8% | 14.6% | 18.3% | -4.6% | 18.6% | 9.7% | 20.8% | 1.1% | 14.1% | 8.8% |
| ROA | 5.6% | 5.6% | 8.0% | 9.5% | -2.4% | 9.8% | 5.0% | 10.7% | 0.6% | 6.8% | 4.1% |
| ROIC | 5.7% | 5.7% | 6.3% | 5.8% | 5.6% | 4.9% | 4.5% | 5.5% | 5.7% | 4.7% | 6.9% |
| ROCE | 5.3% | 5.3% | 5.7% | 5.1% | 4.6% | 4.0% | 3.8% | 4.6% | 4.9% | 3.9% | 5.1% |
BRK-B Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Berkshire Hathaway Inc. carries a Debt/EBITDA ratio of 1.9x, which is manageable (53% below the sector average of 4.1x). Net debt stands at $87.1B ($139.0B total debt minus $51.9B cash). Interest coverage of 11.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.22 | 0.23 | 0.27 | 0.23 | 0.27 | 0.25 | 0.28 | 0.29 | 0.30 |
| Debt / EBITDA | 1.92 | 1.92 | 1.99 | 2.20 | 2.43 | 2.61 | 3.02 | 2.56 | 2.33 | 3.08 | 2.34 |
| Net Debt / Equity | — | 0.12 | 0.15 | 0.17 | 0.19 | 0.06 | 0.16 | 0.11 | 0.19 | 0.20 | 0.20 |
| Net Debt / EBITDA | 1.20 | 1.20 | 1.33 | 1.58 | 1.75 | 0.68 | 1.83 | 1.05 | 1.60 | 2.13 | 1.58 |
| Debt / FCF | — | 3.48 | 8.25 | 3.21 | 4.22 | 1.19 | 2.78 | 1.98 | 2.94 | 2.08 | 2.97 |
| Interest Coverage | 11.62 | 11.62 | 11.43 | 9.62 | 9.56 | 8.39 | 7.34 | 8.25 | 8.33 | 5.49 | 7.49 |
BRK-B Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Berkshire Hathaway Inc.'s current ratio of 6.75x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 6.41x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 4.14x to 6.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.75 | 6.75 | 5.94 | 4.14 | 3.83 | 4.74 | 4.28 | 4.18 | 3.70 | 4.27 | 3.16 |
| Quick Ratio | 6.41 | 6.41 | 5.61 | 3.77 | 3.40 | 4.31 | 3.89 | 3.77 | 3.31 | 3.86 | 2.81 |
| Cash Ratio | 5.29 | 5.29 | 4.57 | 2.59 | 2.18 | 3.05 | 2.79 | 2.66 | 2.27 | 2.75 | 1.91 |
| Asset Turnover | — | 0.30 | 0.32 | 0.34 | 0.32 | 0.29 | 0.28 | 0.31 | 0.35 | 0.34 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BRK-B Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Berkshire Hathaway Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 6.2% | 9.1% | 12.4% | — | 13.3% | 7.7% | 14.7% | 0.8% | 9.2% | 6.0% |
| FCF Yield | 2.5% | 2.3% | 1.2% | 3.8% | 3.2% | 3.9% | 4.8% | 4.1% | 4.5% | 7.0% | 4.9% |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 1.2% | 1.2% | 4.0% | 4.5% | 0.9% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.3% | 1.2% | 1.2% | 4.0% | 4.5% | 0.9% | 0.3% | 0.0% | 0.0% |
| Shares Outstanding | — | $2.2B | $2.2B | $2.2B | $2.2B | $2.3B | $2.4B | $2.5B | $2.5B | $2.5B | $2.5B |
Peer Comparison
Compare BRK-B with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BRK-BYou | $1.0T | 15.0 | 15.1 | 40.1 | 23.6% | 15.9% | 9.8% | 5.7% | 1.9 |
 MKL | $22B | 10.4 | 7.6 | 8.6 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 LRE | $18M | 4.4 | 13.1 | — | 15.6% | 4.7% | 18.0% | 4.8% | 11.6 |
 GLRE | $608M | 8.2 | -0.3 | 2.9 | 40.9% | 11.2% | 11.1% | 16.7% | 0.1 |
 AIG | $42B | 14.5 | 6.8 | 12.7 | 34.5% | 14.5% | 7.4% | 5.9% | 1.3 |
 CB | $126B | 12.5 | 10.9 | 8.7 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 TRV | $65B | 11.0 | 8.7 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 ALL | $56B | 5.7 | 4.6 | 5.7 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 GE | $300B | 35.1 | 30.8 | 41.2 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 HON | $132B | 28.4 | 19.4 | 24.6 | 36.9% | 17.5% | 27.3% | 12.6% | 4.3 |
 BAC | $404B | 13.9 | 14.7 | 32.1 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
Full BRK-B Stock Analysis
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Side-by-side business, growth, and profitability comparison vs Markel Corporation.
Start ComparisonBRK-B — Frequently Asked Questions
Quick answers to the most common questions about buying BRK-B stock.
What is Berkshire Hathaway Inc.'s P/E ratio?
Berkshire Hathaway Inc.'s current P/E ratio is 15.0x. The historical average is 26.8x. This places it at the 24th percentile of its historical range.
What is Berkshire Hathaway Inc.'s EV/EBITDA?
Berkshire Hathaway Inc.'s current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.7x.
What is Berkshire Hathaway Inc.'s ROE?
Berkshire Hathaway Inc.'s return on equity (ROE) is 9.8%. The historical average is 8.9%.
Is BRK-B stock overvalued?
Based on historical data, Berkshire Hathaway Inc. is trading at a P/E of 15.0x. This is at the 24th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Berkshire Hathaway Inc.'s profit margins?
Berkshire Hathaway Inc. has 23.6% gross margin and 15.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Berkshire Hathaway Inc. have?
Berkshire Hathaway Inc.'s Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.