BRK.B
Berkshire Hathaway Inc.
Price History
Why Is BRK.B — Flat Today?
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Financial Highlights
Income Statement
Balance Sheet
Cash Flow
Highly Regarded Analysis
Executive Summary
Berkshire Hathaway Inc. Class B (BRK.B) is a diversified conglomerate renowned for its stable business model and substantial cash reserves. The company recently underwent a significant leadership transition with Greg Abel taking over as CEO from Warren Buffett at the end of 2025. Berkshire Hathaway reported strong Q1 2026 operating earnings growth, but faces ongoing challenges, particularly concerning wildfire liabilities in its Berkshire Hathaway Energy (BHE) segment. With a market capitalization of $1.08 trillion, Berkshire Hathaway maintains a robust financial position, characterized by low volatility and a diversified portfolio.
Bull Case
The bull case for BRK.B is primarily driven by its robust insurance underwriting profitability and the compounding effect of its investment float. CEO Greg Abel's strategic deployment of the company's substantial cash hoard, especially in a market downturn for strategic acquisitions, could unlock significant value for shareholders. Berkshire Hathaway's highly diversified portfolio and resilient business model position it as a defensive, stable investment, capable of outperforming during periods of economic uncertainty.
Bear Case
A significant bear case for BRK.B centers on the unquantified, multi-billion dollar wildfire liability at its PacifiCorp subsidiary within Berkshire Hathaway Energy. This could necessitate a substantial capital injection or materially impair BHE's earnings. Furthermore, the stock's historical underperformance compared to the S&P 500, attributed to limited exposure to the burgeoning technology sector, might continue. The eventual fading of the 'Buffett premium' as Warren Buffett reduces his involvement and disposes of his personal stake also presents a long-term concern. Potential regulatory pressures on its BNSF railway and adverse developments in GEICO's loss ratios are additional risks. Forecasted declines in earnings and EPS also contribute to the bear scenario.
Technical Outlook
As of September 6, 2026, BRK.B traded around $505.50, having fluctuated between $504.30 and $507.50 during the day. The stock's 52-week range is $464.01 to $537.74. While BRK.B has underperformed the broader market over the past year, Barchart's Technical Opinion rating indicates a 72% Buy with a strengthening short-term outlook. Early 2026 technical indicators suggested a broadly neutral backdrop with relatively low volatility.
Fundamental Health
Berkshire Hathaway boasts strong fundamental health, evident in its $1.08 trillion market capitalization and a P/E ratio of 12.72. The company generated nearly $371.4 billion in operating revenue in 2025, and reported Q2 operating earnings of $12.98 billion, an increase from $11.16 billion the previous year. Q1 2026 operating earnings grew by 18%, and net income increased by 36% year-over-year and 18% quarter-over-quarter. Berkshire Hathaway maintains a fortress balance sheet with approximately $397 billion in cash and short-term investments as of March 31, 2026. Its total assets are 146% greater than its total liabilities, and debt is 83% smaller than its equity. Book value per share saw an estimated 18.1% CAGR from 1965-2025. However, 2025 earnings saw a decrease of 24.75%, and future earnings per share are forecast to decline by 9% per annum, although annual revenue is expected to grow by 3.2%.
Key Catalysts
- Resolution or escalation of BHE wildfire litigation and potential credit downgrades for PacifiCorp.
- CEO Greg Abel's strategic allocation of the significant cash hoard, including potential major acquisitions.
- Performance of key subsidiaries, particularly GEICO's underwriting results and BNSF's operational efficiency, highlighted in upcoming earnings reports.
- Changes in global interest rates, which impact Berkshire Hathaway's substantial investment income.
- Regulatory developments affecting BNSF, such as rulings from the Surface Transportation Board.
Sources
This analysis was conducted by Highly Regarded's proprietary market analysis engine. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.
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