BRK-B · NYQ · Financial Services
Berkshire Hathaway Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 1123.63
Market price
USD 556.11
Implied upside
+102.1%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
AdjustedConsensus rests on as few as 2 analyst estimate(s).
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 15.9%
- Payout
- 0%
- Cost of equity
- 7.91%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 717.4bn | USD 821.6bn | USD 929.9bn | USD 1040.1bn | USD 1149.5bn | USD 1255.0bn | USD 1353.4bn | USD 1441.4bn | USD 1516.0bn | USD 1574.1bn |
| Return on equity | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% | 15.9% |
| Excess return | USD 57.0bn | USD 65.3bn | USD 73.9bn | USD 82.7bn | USD 91.4bn | USD 99.7bn | USD 107.6bn | USD 114.6bn | USD 120.5bn | USD 125.1bn |
| Present value | USD 52.8bn | USD 56.1bn | USD 58.8bn | USD 61.0bn | USD 62.4bn | USD 63.2bn | USD 63.1bn | USD 62.3bn | USD 60.7bn | USD 58.4bn |
| Book equity | USD 717.4bn |
| Present value of excess returns | USD 599.0bn |
| Terminal, growing at 2.50% | USD 1107.7bn |
| Equity value | USD 2424.0bn |
| Per share | USD 1123.63 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.713 | Reported 0.571, pulled toward 1.0 (Blume) |
| Cost of equity | 7.91% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.