Berkshire Hathaway Inc. (BRK-B) Key Metrics
BRK-B valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.14T
- Enterprise value
- $1.18T
- P/E (TTM)
- 13.4 10-yr median 11.0
- Forward P/E
- 22.7
- PEG ratio
- 10.06
- Price / sales
- 3.0 10-yr median 2.2
- Price / book
- 1.5 10-yr median 1.4
- EV / EBITDA
- — 10-yr median 11.3
- Dividend yield
- —
- Beta
- 0.59
BRK-B key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBRK-B valuation Price multiples at each fiscal year-end price.
BRK-B returns How much profit the business earns on the capital it uses.
BRK-B per-share figures Results divided by the shares outstanding at year-end.
BRK-B financial health Debt, liquidity and how easily interest is covered.
BRK-B efficiency & capital use Working capital cycle and where the cash goes.
BRK-B valuation history
BRK-B returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BRK-B debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BRK-B cash returned to shareholders
BRK-B price vs earnings per share
BRK-B key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.08T | $977.53B | $775.14B | $680.60B | $677.32B | $554.56B | $555.13B | $503.44B | $488.99B | $401.87B |
| Enterprise value | $850.03B | $786.86B | $735.77B | $674.76B | $644.86B | $533.17B | $530.50B | $489.07B | $475.63B | $428.65B |
| P/E ratio | 16.2 | 11.0 | 8.1 | — | 7.5 | 13.0 | 6.8 | 125.2 | 10.9 | 16.7 |
| Price / sales | 2.9 | 2.6 | 2.1 | 2.3 | 1.9 | 2.3 | 2.2 | 2.0 | 2.0 | 1.8 |
| Price / book | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | 1.3 | 1.4 | 1.4 | 1.4 |
| Price / free cash flow | 43.3 | 84.2 | 26.0 | 31.3 | 25.9 | 20.7 | 24.4 | 22.0 | 14.4 | 20.5 |
| Price / operating cash flow | 23.6 | 32.0 | 15.8 | 18.3 | 17.2 | 13.9 | 14.3 | 13.5 | 10.7 | 12.4 |
| EV / sales | 2.3 | 2.1 | 2.0 | 2.2 | 1.8 | 2.2 | 2.1 | 2.0 | 2.0 | 1.9 |
| EV / EBITDA | 11.7 | 10.9 | 12.1 | — | — | 7.7 | 4.6 | 28.2 | 12.5 | 9.4 |
| EV / free cash flow | 33.9 | 67.7 | 24.7 | 31.0 | 24.7 | 19.9 | 23.4 | 21.4 | 14.0 | 21.9 |
| Earnings yield | 6.2% | 9.1% | 12.4% | −3.4% | 13.3% | 7.7% | 14.7% | 0.8% | 9.2% | 6.0% |
| Free cash flow yield | 2.3% | 1.2% | 3.8% | 3.2% | 3.9% | 4.8% | 4.1% | 4.5% | 7.0% | 4.9% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.3% | 1.2% | 1.2% | 4.0% | 4.5% | 0.9% | 0.3% | 6.5% | 7.0% |
| Share price at fiscal year-end | $502.65 | $453.28 | $356.66 | $308.90 | $299.00 | $231.87 | $226.50 | $204.18 | $198.22 | $162.98 |
| Per share | ||||||||||
| Revenue per share | $172.18 | $172.23 | $167.71 | $137.11 | $156.55 | $102.65 | $103.89 | $100.51 | $98.15 | $90.68 |
| Earnings per share | $31.04 | $41.27 | $44.27 | −$10.36 | $39.64 | $17.78 | $33.22 | $1.63 | $18.22 | $9.76 |
| Operating cash flow per share | $21.31 | $14.19 | $22.64 | $16.89 | $17.40 | $16.63 | $15.78 | $15.17 | $18.56 | $13.19 |
| Free cash flow per share | $11.61 | $5.39 | $13.71 | $9.88 | $11.54 | $11.19 | $9.27 | $9.27 | $13.81 | $7.94 |
| Cash per share | $173.04 | $154.97 | $77.14 | $58.36 | $64.77 | $57.82 | $52.22 | $45.37 | $47.00 | $30.36 |
| Book value per share | $332.55 | $301.11 | $262.63 | $218.13 | $227.32 | $188.71 | $174.86 | $142.96 | $142.67 | $116.14 |
| Tangible book value per share | $277.89 | $245.63 | $210.19 | $169.43 | $182.13 | $145.05 | $128.54 | $97.06 | $96.55 | $70.88 |
| Capex per share | $9.70 | $8.80 | $8.93 | $7.02 | $5.86 | $5.44 | $6.52 | $5.90 | $4.75 | $5.25 |
| Debt per share | $64.41 | $66.55 | $59.02 | $55.71 | $50.44 | $48.88 | $42.18 | $39.54 | $41.59 | $41.22 |
| Shares outstanding | 2.16B | 2.16B | 2.17B | 2.20B | 2.27B | 2.39B | 2.45B | 2.47B | 2.47B | 2.47B |
| Change in shares outstanding | +0.0% | −0.8% | −1.4% | −2.7% | −5.3% | −2.4% | −0.6% | −0.0% | +0.0% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.8% | 14.6% | 18.3% | −4.6% | 18.6% | 9.7% | 20.8% | 1.1% | 14.1% | 8.8% |
| Return on invested capital (ROIC) | 10.2% | 9.7% | 7.7% | 6.2% | 19.9% | 11.0% | 22.8% | 7.8% | 7.3% | 8.3% |
| Return on assets (ROA) | 5.6% | 8.0% | 9.5% | −2.4% | 9.8% | 5.0% | 10.7% | 0.6% | 6.8% | 4.1% |
| Return on tangible assets | 6.1% | 8.6% | 10.1% | −2.7% | 10.5% | 5.5% | 11.6% | 0.7% | 7.6% | 4.7% |
| Free cash flow margin | 6.7% | 3.1% | 8.2% | 7.2% | 7.4% | 10.9% | 8.9% | 9.2% | 14.1% | 8.8% |
| Income quality (OCF / net income) | 0.69 | 0.34 | 0.51 | — | 0.44 | 0.94 | 0.48 | 9.30 | 1.02 | 1.35 |
| Financial health | ||||||||||
| Total debt | $138.95B | $143.53B | $128.27B | $122.74B | $114.26B | $116.89B | $103.37B | $97.49B | $102.59B | $101.64B |
| Cash & short-term investments | $373.31B | $334.20B | $167.64B | $128.59B | $146.72B | $138.29B | $128.00B | $111.87B | $115.95B | $74.86B |
| Net debt | −$234.36B | −$190.67B | −$39.37B | −$5.84B | −$32.46B | −$21.39B | −$24.63B | −$14.38B | −$13.37B | $26.79B |
| Debt / equity | 0.19 | 0.22 | 0.22 | 0.26 | 0.22 | 0.26 | 0.24 | 0.28 | 0.29 | 0.35 |
| Debt / assets | 0.11 | 0.12 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 |
| Net debt / EBITDA | −3.24 | −2.64 | −0.65 | — | — | −0.31 | −0.21 | −0.83 | −0.35 | 0.59 |
| Current ratio | 6.75 | 5.94 | 25.67 | 2.83 | 4.12 | 3.82 | 3.69 | 3.72 | 3.73 | 3.33 |
| Quick ratio | 6.41 | 5.61 | 22.74 | 2.42 | 3.65 | 3.40 | 3.24 | 3.29 | 3.34 | 2.96 |
| Interest coverage | 11.6 | 11.4 | 9.6 | 8.6 | 26.8 | 14.5 | 26.8 | 6.9 | 4.4 | 9.6 |
| Working capital | $405.75B | $361.29B | $203.59B | $114.38B | $141.05B | $128.52B | $119.39B | $121.91B | $122.19B | $99.76B |
| Invested capital | $483.06B | $458.69B | $531.40B | $474.78B | $482.47B | $429.94B | $403.93B | $338.12B | $338.59B | $313.14B |
| Tangible asset value | $601.79B | $532.00B | $456.82B | $373.31B | $412.57B | $346.92B | $315.04B | $239.33B | $238.18B | $174.77B |
| Net current asset value | −$26.18B | −$67.83B | −$287.37B | −$290.95B | −$257.57B | −$248.25B | −$225.33B | −$188.51B | −$183.13B | −$191.86B |
| Graham number | $481.94 | $528.75 | $511.49 | — | $450.27 | $274.75 | $361.52 | $72.43 | $241.82 | $159.73 |
| Graham net-net per share | −$26.90 | −$45.85 | −$131.75 | −$131.77 | −$113.45 | −$103.53 | −$91.54 | −$84.14 | −$82.72 | −$93.87 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $0 | $2.92B | $9.17B | $7.85B | $27.06B | $24.71B | $4.85B | $1.35B | $31.58B | $28.05B |
| Dividends + buybacks / free cash flow | 0.0% | 25.1% | 30.8% | 36.1% | 103.5% | 92.3% | 21.4% | 5.9% | 92.7% | 143.2% |
| Capex / revenue | 5.6% | 5.1% | 5.3% | 5.1% | 3.7% | 5.3% | 6.3% | 5.9% | 4.8% | 5.8% |
| Capex / operating cash flow | 45.5% | 62.0% | 39.5% | 41.5% | 33.7% | 32.7% | 41.3% | 38.9% | 25.6% | 39.8% |
| Capex / depreciation | 1.55 | 1.48 | 1.55 | 1.42 | 1.24 | 1.23 | 1.59 | 1.49 | 1.27 | 1.46 |
| SG&A / revenue | 10.1% | 8.8% | 8.6% | 8.3% | 6.5% | 9.5% | 9.2% | 9.0% | 14.2% | 8.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 76.0 | 59.2 | 46.3 | 53.1 | 38.8 | 53.3 | 50.9 | 47.0 | 42.0 | 41.1 |
| Days of inventory on hand | 31.2 | 30.9 | 30.8 | 68.0 | 64.2 | 70.5 | 66.4 | 62.7 | 45.1 | 40.2 |
| Days payables outstanding | 68.7 | 63.3 | 61.7 | 140.8 | 144.8 | 156.7 | 135.6 | 125.7 | 96.7 | 96.5 |
| Cash conversion cycle (days) | 38.5 | 26.7 | 15.5 | -19.7 | -41.8 | -32.9 | -18.3 | -16.1 | -9.7 | -15.1 |
| Receivables turnover | 4.80 | 6.17 | 7.88 | 6.88 | 9.40 | 6.85 | 7.17 | 7.77 | 8.70 | 8.87 |
| Payables turnover | 5.31 | 5.76 | 5.92 | 2.59 | 2.52 | 2.33 | 2.69 | 2.90 | 3.77 | 3.78 |
| Inventory turnover | 11.71 | 11.83 | 11.85 | 5.37 | 5.68 | 5.18 | 5.50 | 5.82 | 8.09 | 9.07 |
| Asset turnover | 0.31 | 0.33 | 0.36 | 0.32 | 0.39 | 0.29 | 0.33 | 0.35 | 0.37 | 0.38 |
| Average receivables | $77.37B | $60.19B | $46.25B | $43.93B | $37.71B | $35.84B | $35.53B | $31.90B | $27.84B | $25.20B |
| Average payables | $53.38B | $49.42B | $49.58B | $47.94B | $45.29B | $43.41B | $39.75B | $36.54B | $35.47B | $33.16B |
| Average inventory | $24.22B | $24.08B | $24.76B | $23.16B | $20.08B | $19.53B | $19.46B | $18.22B | $16.55B | $13.82B |
| Intangibles / total assets | 9.6% | 10.4% | 10.7% | 11.3% | 10.7% | 12.0% | 13.9% | 16.0% | 16.2% | 18.0% |
Computed from BRK-B's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BRK-B valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Berkshire Hathaway traded at 16.2 times earnings, against a 10-year median of 11.0. Based on the latest twelve months, the trailing P/E is 13.4 and the forward P/E is 22.7. Berkshire Hathaway earned a return on equity of 9.8% and a return on invested capital of 10.2% in fiscal 2025. It ended the year with $139.0 billion of debt and $373.3 billion in cash and short-term investments, a net cash position of $234.4 billion. The share count fell 12.5% from 2.47B to 2.16B over 9 years.
See the BRK-B income statement, the BRK-B chart for price history, or the BRK-B stock overview for the latest quote and news.
BRK-B key metrics FAQ
What is Berkshire Hathaway's P/E ratio?
Berkshire Hathaway's trailing P/E ratio is 13.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.7. At the end of fiscal 2025 it was 16.2, compared with a 10-year median of 11.0.
What is Berkshire Hathaway's EV/EBITDA?
Berkshire Hathaway's enterprise value was 11.7 times EBITDA at the end of fiscal 2025 (enterprise value $850.0 billion, EBITDA $72.4 billion).
What is Berkshire Hathaway's return on equity?
Berkshire Hathaway's return on equity (ROE) was 9.8% in fiscal 2025: net income of $67.0 billion on average shareholders' equity of $683.4 billion.
What is Berkshire Hathaway's ROIC?
Berkshire Hathaway's return on invested capital was 10.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Berkshire Hathaway have?
Berkshire Hathaway had total debt of $139.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and more cash than debt.
What is Berkshire Hathaway's free cash flow yield?
Berkshire Hathaway generated $25.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.3% on its market value at year-end ($1.08 trillion).
What is Berkshire Hathaway's current ratio?
Berkshire Hathaway's current ratio was 6.75 at the end of fiscal 2025: current assets were 6.75 times current liabilities.