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 162.9% 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 | $61.96B | 227,917,808 | SH | — | — |
| AMERICAN EXPRESS CO | COM | 025816109 | AXP | $56.09B | 151,610,700 | SH | — | — |
| BANK AMERICA CORP | COM | 060505104 | BAC | $28.45B | 517,295,934 | SH | — | — |
| COCA COLA CO | COM | 191216100 | KO | $27.96B | 400,000,000 | SH | — | — |
| CHEVRON CORP NEW | COM | 166764100 | CVX | $19.84B | 130,156,362 | SH | — | — |
| MOODYS CORP | COM | 615369105 | MCO | $12.60B | 24,669,778 | SH | — | — |
| OCCIDENTAL PETE CORP | COM | 674599105 | OXY | $10.89B | 264,941,431 | SH | — | — |
| CHUBB LIMITED | COM | H1467J104 | CB | $10.69B | 34,249,183 | SH | — | — |
| KRAFT HEINZ CO | COM | 500754106 | KHC | $7.90B | 325,634,818 | SH | — | — |
| ALPHABET INC | CAP STK CL A | 02079K305 | GOOG | $5.59B | 17,846,142 | SH | — | — |
| Company | Ticker | % Owned | Market Cap | Current Value (JPY) | Alt | Source | Verified |
|---|---|---|---|---|---|---|---|
| Mitsubishi Corp | 8058.T | 10.23% | ¥21,536,935,247,872 | ¥2.20T | $13.95B | disclosure | 2025-08-28 |
| Mitsui & Co | 8031.T | 9.82% | ¥17,376,407,977,984 | ¥1.71T | $10.81B | disclosure | 2025-03-17 |
| Itochu Corp | 8001.T | 9.8% | ¥14,287,381,725,184 | ¥1.40T | $8.87B | disclosure | 2025-03-17 |
| Marubeni Corp | 8002.T | 9.8% | ¥9,660,565,291,008 | ¥946.74B | $6.00B | disclosure | 2025-03-17 |
| Sumitomo Corp | 8053.T | 9.8% | ¥9,011,168,542,720 | ¥883.09B | $5.59B | 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 |