No. of Recommendations: 3
From the First Quarter Earnings 2026:
Berkshire shareholders' equity: $727,181 million
equivalent Class A common stock basis: 1,437,903 shares
Book value: 727,181/1.437,903 = $505,723 which is a new peak.
Recent A-share price is $698,560 morning of 5/5/2026. Happy Cinco de Mayo!
Current Price to Peak Book: 1.38 , a slightly lower value than last quarter's.
Using Jim's table of one year forward real returns, posted upstream in this thread, his model suggests BRK shareholders might see about 8.5% real return over the next year. That's awfully attractive looking to me right now, given sky-high SP 500 valuations.
Increased book value, with price down from last Q and well off the 2025 peak, have us looking increasingly attractive, especially compared to the US large cap universe.
