BERKSHIRE HATHAWAY INC

NYSE: BRK-B·Omaha, Nebraska·

Price
$520.55
Base IV
$157.15
Your value
$157.15
-69.8%

Valuation snapshot

Above bull caseOut of date
$520.55
price, off scale
$157.15
base IV/share
Bear $87.59Bull $255.13

Price is above even the bull case. Price as of Sep 17, 2026 · Valuation Aug 12, 2026.

Researched bygpt-5.6-sol

Track record

Reported financials are not available yet.

Why the gap?

At $520.55 the market is pricing BERKSHIRE HATHAWAY INC as if revenue grows 34.3% a year. This valuation assumes it grows 4.1% a year. That single disagreement accounts for most of the distance between the two numbers — which makes it the first thing worth auditing.

Implied by price

+34.3%

revenue growth a year, holding everything else researched

Assumed here

+4.1%

researched base case, grounded in filings and guidance

Or, growth held

46.4%

operating margin reproduces the price, vs 14.0% assumed

Many combinations of assumptions reproduce the same price. These are ways to read what the market might expect, not its actual view.

Your valuation

Four judgments stand between the filing and a number. Audit them one at a time and leave with a valuation that is yours.

  • 01 Revenue growth4.5%
  • 02 Operating margin14.0%
  • 03 Risk and beta0.61
  • 04 Long-run growth2.5%
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What drives the base case

All three cases →

The recent record is mixed: revenue declined slightly in 2024 and 2025 but rebounded in early 2026. Acquisitions, insurance pricing, utilities, rail traffic, and selected manufacturing businesses should support moderate growth, although Berkshire's size prevents rapid expansion. Profitability stays close to the level produced by the operating businesses in 2025, with substantial ongoing spending on rail and energy assets.

What shapes the assumptions

No structured value drivers are attached to this valuation yet.

How confident is this estimate?

Quality checks
58/100Moderate

Some of any gap to the price is model uncertainty rather than real disagreement. Start with the weakest components.

  • Scenario dispersion4.7
  • Terminal-value dependency2.0
  • Historical stability7.7
  • Margin predictability

Why the number moved

Sequential bridge

The base case moved from $288.17 to $157.15 as filings, assumptions, and market inputs changed.

  • Revenue forecast
  • Operating-margin assumption
  • Tax-rate assumption
  • Reinvestment assumption
  • Terminal-growth assumption

Base estimate

$157.15 -69.8%

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