Intrinsic value reportPrepared · 09/02/2026

Berkshire Hathaway B

Unclassified industry

BRK-B · NYSEFY2026 Q2 · 2026-06-30 Earnings basis

Market cap: $1081.5B
Net assets: $747.9B
PER: 12.61x
PBR: 1.45x

Intrinsic market capitalization$0

Intrinsic value per share511 USD

Current price502 USD

Difference from market price+1.7%The current price is below intrinsic value

Buy consideration price (30% margin of safety)358 USDThe current price is still above the buy consideration price

Scenario range

Current price 502

Conservative453 USDFair511 USDOptimistic578 USD

Analysis modelModified two-stage DCF

Engine versionvaluation-engine-v0.23.1

This valuation uses the selected model, public financial data, and the available inputs at the time of analysis. Review the model, scenarios, and quarterly figures together.

QuarterReported	Revenue	Operating income	Net income	OCF	FCF
FY2026 Q2Final2026.08.10	$101.8B	-	$25.7B	$11.2B	$5.57B
FY2026 Q12026.05.04	$93.7B	-	$10.1B	$10.4B	$5.45B
FY2025 Q42026.02.28	$94.2B	-	$19.2B	$11.2B	$4.99B
FY2025 Q32025.11.01	$95.0B	-	$30.8B	$13.8B	$8.20B

Expected share price based on this year’s cash flowAdjust the value below to update the reference for the next earnings release.

Selected expected price511USD

$11.0BSelected 42%$42.4B

Target cash flow$24.2B

Cash flow confirmed to date$11.0B

Amount to confirm in Q3$6.60BAmount to confirm across the remaining 2 quarter(s).

This report is reference information based on public financial data and inputs. It is not a stock recommendation or investment advice.