BERKSHIRE HATHAWAY INC
$592.94
+3.11 (+0.53%) · delayed · Nov 13, 2026
Five-year price
52w $464.01 to $596.92
- Market cap
- —
- Enterprise value
- —
- P/E
- —
- EV / EBIT
- —
- FCF yield
- —
- ROIC
- —
- Debt / equity
- —
- Piotroski F
- 3/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
33
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE 10.6%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ○Earnings convert to cashFCF / net income 28% (5y avg)
- ●Growing revenueRevenue CAGR 5y 8.2%
- –Shrinking share countDiluted shares n/a over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- –FCF yield above 6%FCF yield n/a
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
n/a
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-52.6B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 3/9
Graham Defensive
n/a
- ●Adequate size (revenue > $2B)Revenue $247.2B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 215,114 | 239,933 | 175,445 | 176,512 | 166,733 | 191,252 | 207,771 | 254,906 | 249,714 | 247,244 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 33,667 | 23,838 | 4,001 | 102,696 | 55,693 | 111,861 | (30,500) | 120,166 | 110,376 | 82,459 |
| Income tax | 9,240 | (21,515) | (321) | 20,904 | 12,440 | 20,912 | (8,502) | 23,019 | 20,815 | 15,199 |
| Net income | 24,074 | 44,940 | 4,021 | 81,417 | 42,521 | 89,937 | (22,759) | 96,223 | 88,995 | 66,968 |
| EPS (diluted) | — | — | — | — | — | — | — | — | — | — |
| Diluted shares | — | — | — | — | — | — | — | — | — | — |
Who owns it