A cleaner view of Berkshire Hathaway's current trading level versus a live, non-GAAP intrinsic value estimate built from reported equity and marked public holdings.
Currently trading 170.6% above intrinsic value
Buffett has written in shareholder letters that he values businesses at 10–15× pretax earnings, with higher-quality businesses at the upper end. At Berkshire's ~21% effective tax rate, 15× pretax is equivalent to roughly 19× after-tax — consistent with long-run valuations of large, durable businesses. Berkshire's mix of capital-intensive segments (BNSF, BHE) and higher-return franchises (insurance) makes 15× a conservative blended estimate; many analysts of comparable conglomerates use 16–18×.
| Issuer | Class | CUSIP | Mapped Ticker | 13F Value | Shares | Type | Live Price | Current Value |
|---|---|---|---|---|---|---|---|---|
| APPLE INC | COM | 037833100 | AAPL | $57.84B | 227,917,808 | SH | — | — |
| AMERICAN EXPRESS CO | COM | 025816109 | AXP | $45.86B | 151,610,700 | SH | — | — |
| COCA COLA CO | COM | 191216100 | KO | $30.42B | 400,000,000 | SH | — | — |
| BANK AMERICA CORP | COM | 060505104 | BAC | $25.04B | 513,624,165 | SH | — | — |
| CHEVRON CORPORATION | COM | 166764100 | CVX | $17.46B | 84,375,856 | SH | — | — |
| OCCIDENTAL PETE CORP | COM | 674599105 | OXY | $17.22B | 264,941,431 | SH | — | — |
| ALPHABET INC | CAP STK CL A | 02079K305 | GOOG | $15.60B | 54,249,798 | SH | — | — |
| CHUBB LTD SWITZ | COM | H1467J104 | CB | $11.16B | 34,249,183 | SH | — | — |
| MOODYS CORP | COM | 615369105 | MCO | $10.76B | 24,669,778 | SH | — | — |
| KRAFT HEINZ CO | COM | 500754106 | KHC | $7.32B | 325,634,818 | SH | — | — |
| DAVITA INC | COM | 23918K108 | DVA | $4.63B | 30,100,585 | SH | — | — |
| KROGER CO | COM | 501044101 | KR | $3.62B | 50,000,000 | SH | — | — |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 | SIRI | $2.88B | 124,807,117 | SH | — | — |
| DELTA AIR LINES INC | COM NEW | 247361702 | — | $2.65B | 39,809,456 | SH | — | — |
| VERISIGN INC | COM | 92343E102 | VRSN | $2.23B | 8,989,880 | SH | — | — |
| CAPITAL ONE FINL CORP | COM | 14040H105 | COF | $1.30B | 7,150,000 | SH | — | — |
| NEW YORK TIMES CO MTN BE | CL A | 650111107 | NYT | $1.27B | 15,146,535 | SH | — | — |
| ALLY FINL INC | COM | 02005N100 | ALLY | $1.14B | 29,000,000 | SH | — | — |
| ALPHABET INC | CAP STK CL C | 02079K107 | — | $1.03B | 3,585,215 | SH | — | — |
| LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 | LLYVK | $996.36M | 10,587,143 | SH | — | — |
| LENNAR CORP | CL A | 526057104 | LEN | $877.05M | 10,099,642 | SH | — | — |
| NUCOR CORP | COM | 670346105 | NUE | $660.69M | 3,907,075 | SH | — | — |
| LIBERTY LIVE HOLDINGS INC | COM SER A | 530909100 | LLYVA | $456.97M | 4,986,588 | SH | — | — |
| LOUISIANA PAC CORP | COM | 546347105 | LPX | $412.11M | 5,664,793 | SH | — | — |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | STZ | $94.93M | 632,890 | SH | — | — |
| NVR INC | COM | 62944T105 | NVR | $73.23M | 11,112 | SH | — | — |
| MACYS INC | COM | 55616P104 | — | $54.96M | 3,038,355 | SH | — | — |
| LENNAR CORP | CL B | 526057302 | LEN.B | $20.00M | 237,703 | SH | — | — |
| JEFFERIES FINANCIAL GROUP IN | COM | 47233W109 | JEF | $17.89M | 433,558 | SH | — | — |
| Company | Ticker | % Owned | Market Cap | Current Value (USD) | Alt | Source | Verified |
|---|---|---|---|---|---|---|---|
| Mitsubishi Corp | 8058.T | 10.23% | ¥21,416,105,738,240 | $13.80B | ¥2.19T | disclosure | 2025-08-28 |
| Mitsui & Co | 8031.T | 9.82% | ¥17,305,553,600,512 | $10.71B | ¥1.70T | disclosure | 2025-03-17 |
| Itochu Corp | 8001.T | 9.8% | ¥14,392,229,888,000 | $8.89B | ¥1.41T | disclosure | 2025-03-17 |
| Marubeni Corp | 8002.T | 9.8% | ¥9,591,772,413,952 | $5.92B | ¥939.99B | disclosure | 2025-03-17 |
| Sumitomo Corp | 8053.T | 9.8% | ¥8,975,314,583,552 | $5.54B | ¥879.58B | disclosure | 2025-03-17 |
| Cash & equivalents | $51.48B |
| Short-term investments (U.S. T-bills) | $339.26B |
| Equity securities (FV-NI) | $288.03B |
| Total assets | $1.25T |
| Total liabilities | $522.82B |
| Total equity | $727.18B |