Berkshire Hathaway Inc (BERK34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Berkshire Hathaway Inc BRL 159, price BRL 131, upside +21.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range R$68.84 – R$155.19 · fair‑value band R$119.02 – R$198.37 · the R$131.00 price screens below the R$158.70 fair value. Dashed = 300-day average. As of Sep 28, 2026.
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Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses.
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Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. It manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; prefabricated and site-built residential homes, flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. In addition, the company provides recreational vehicles, apparel, footwear, toys, jewelry, custom picture framing products, alkaline batteries, logistics services, and professional aviation training and shared aircraft ownership programs; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Further, it distributes televisions and information, and grocery and non-food consumer products; franchises and services quick service restaurants; and distributes electronic components. Additionally, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and floor coverings; watches, home decor and repair services; sells kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
Stock analysis
Berkshire Hathaway Inc (BERK34) currently trades at R$131.00, while our model-based Fair Value estimate is R$158.70, implying the stock looks roughly 17.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$162.72 per share, and 2 of the 4 models we run sit above the R$131.00 price.
Bear case: the Asset-Based group reads lowest at R$89.84, and 2 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$119.02 (bear) to R$198.37 (bull), the price of R$131.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Berkshire Hathaway Inc reported revenue of $371B in FY2025 versus $276B in FY2021, a compound +7.7%/yr. Reported net income was $67.0B in FY2025, compounding −7.1%/yr from FY2021.
Key figures
Market cap R$5.4T (≈ $1.0T) · P/E ratio 14.5 · P/S ratio 2.61 · EPS (TTM) R$8.71 · Net margin 18.0% · Return on equity 10.5% · Return on assets (EBIT) 3.9% · Operating margin 14.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 21%, BERK34 screens cheaper than that median.
Fair Value models
Bear R$119.02Fair Value R$158.70Bull R$198.37
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$6.56 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 12%
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Diversified · 82 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−20.7% · Below median
Profitability
Return on equity (TTM)10.5% · Below median
Return on assets5.4% · Top 25%
Net margin (TTM)19.3% · Top 25%
Operating margin (TTM)14.4% · Above median
Growth and dividend
Revenue growth4.4% · Below median
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
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Is Berkshire Hathaway Inc (BERK34) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of R$158.70 versus a price of R$131.00, about +21% upside (undervalued).
What is the fair value of BERK34?
Our model-based fair value for Berkshire Hathaway Inc is R$158.70 (as of Sep 28, 2026), built from audited fundamentals. The current price: R$131.00.
What is the quality score of BERK34?
Berkshire Hathaway Inc has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Berkshire Hathaway Inc (BERK34)?
Our model-based price target is the fair value of R$158.70 (as of Sep 28, 2026) from 4 valuation models. Cautious scenario R$119.02, optimistic scenario R$198.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Berkshire Hathaway Inc stock forecast for 2026?
Our models put fair value at R$158.70, about +21% upside versus a price of R$131.00 (undervalued). Cautious scenario R$119.02, optimistic scenario R$198.37. The calculation is refreshed regularly with new filings.
What is the revenue of Berkshire Hathaway Inc (BERK34)?
Berkshire Hathaway Inc reported trailing-twelve-month revenue of about $375B (latest available figure, as of Sep 28, 2026).
What is the intrinsic value of Berkshire Hathaway Inc (BERK34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Berkshire Hathaway Inc it is R$158.70 per share (as of Sep 28, 2026), against a price of R$131.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Berkshire Hathaway Inc stock overvalued or undervalued in 2026?
As of Sep 28, 2026, BERK34 trades below its calculated fair value: price R$131.00, fair value R$158.70, a gap of about +21% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BERK34?
No. The price is what the market pays today (R$131.00); the fair value is what the company's own numbers justify (R$158.70). For Berkshire Hathaway Inc the two are R$27.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Berkshire Hathaway Inc worth?
The market values Berkshire Hathaway Inc at about R$5.4T (market capitalisation, as of Sep 28, 2026). Per share that is R$131.00; our models calculate a fair value of R$158.70 per share.
What do the bullish and bearish scenarios say about BERK34?
Our models span a range for Berkshire Hathaway Inc: cautious scenario R$119.02, base R$158.70, optimistic R$198.37 per share (as of Sep 28, 2026, price R$131.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BERK34?
Berkshire Hathaway Inc trades at a price-to-earnings ratio of 14.5 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$158.70 is built from several models across several years. Other multiples: PEG 10.2.
What is the PEG ratio of BERK34?
The PEG ratio of Berkshire Hathaway Inc is 10.17 (P/E divided by earnings growth, as of Sep 28, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Berkshire Hathaway Inc (BERK34)?
Balance-sheet figures for Berkshire Hathaway Inc (as of Sep 28, 2026): return on equity 10.5%, debt of 0.18 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is BERK34 from its 52-week high?
Berkshire Hathaway Inc trades at R$131.00, about 6% below its 52-week high of R$139.48 and 14% above the low of R$114.43 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$158.70 is for.
Which stocks are comparable to Berkshire Hathaway Inc?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Berkshire Hathaway Inc stock attractive at the current price?
The data as of Sep 28, 2026: price R$131.00, calculated fair value R$158.70 (+21%), Quality Score 52/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BERK34 calculated?
We run Berkshire Hathaway Inc through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$158.70, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Berkshire Hathaway Inc currently trades 17 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Berkshire Hathaway Inc (BERK34)?
The closing price on Oct 2, 2026 was R$131.00. Our model-based fair value is R$158.70, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Berkshire Hathaway Inc right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Berkshire Hathaway Inc
How large is the market capitalisation of Berkshire Hathaway Inc (BERK34)?
The market capitalisation of Berkshire Hathaway Inc is R$5.4T (≈ $1.0T). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Berkshire Hathaway Inc (BERK34)?
The price-to-sales ratio of Berkshire Hathaway Inc is 2.61 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Berkshire Hathaway Inc (BERK34)?
Earnings per share at Berkshire Hathaway Inc are R$8.71 (price ÷ EPS = P/E 14.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Berkshire Hathaway Inc (BERK34)?
The net margin of Berkshire Hathaway Inc is 18.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Berkshire Hathaway Inc (BERK34)?
The return on equity (ROE) of Berkshire Hathaway Inc is 10.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Berkshire Hathaway Inc (BERK34)?
On an EBIT basis the return on assets of Berkshire Hathaway Inc is 3.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Berkshire Hathaway Inc (BERK34)?
The operating margin of Berkshire Hathaway Inc is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Berkshire Hathaway Inc (BERK34)?
Revenue at Berkshire Hathaway Inc is growing +4.4% versus a year earlier (3y avg +7.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Berkshire Hathaway Inc (BERK34)?
Earnings per share at Berkshire Hathaway Inc are growing +120% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Berkshire Hathaway Inc (BERK34) generate?
The free cash flow of Berkshire Hathaway Inc is $25.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Berkshire Hathaway Inc (BERK34) carry?
The net debt of Berkshire Hathaway Inc is $77.2B (fiscal year 2025, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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