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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BenSolar   😊 😞
Number: of 12677 
Subject: Current Peak Book Value
Date: 03/15/2023 12:05 PM
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I'm starting this thread so we can have a quick place to find BRK's peak book value, which has been put forth as a better indicator of BRK's value than current book value by mungofitch.

Current Peak Book Value, using numbers reported on these boards by longtimebrk in this thread: https://www.shrewdm.com/MB?pid=496446242&wholeThre...

Quarter 1, fiscal year 2022:
$345,469 for A shares.
$230.31 for B shares, dividing by the above A share figure by 1,500.

Later in that thread Aguila gives directions how to compute the quarterly book value precisely:

As found in the Quarter 1 2022 10-Q:

BRK shareholders' equity: $508,141 million
equivalent Class A common stock basis: 1,470,875 shares
Book value: 508,141/1.470875 = $345,469

Also of interest, PickTrader posted his analysis of trend adjusted book value in the following thread, proposing it as a potentially better marker of value than Peak Book. https://www.shrewdm.com/MB?pid=192596782&wholeThre...
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Author: AdrianC   😊 😞
Number: of 12677 
Subject: Re: Current Peak Book Value
Date: 03/15/2023 12:47 PM
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Since peak book (3/31/22):
Apple down 12% (approx $19Bn)
Bank of America down 28% (approx $11Bn)

Chart:
https://stockcharts.com/freecharts/perf.php?BRK/B,...
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Author: tedthedog 🐝  😊 😞
Number: of 12677 
Subject: Re: Current Peak Book Value
Date: 03/15/2023 6:22 PM
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From the PickTrader thread
The S&P 500 index showed knees at about the same times, with growth rates of 1.4%/yr, 13.0%/yr and 5.3%/yr during the periods 1965-1981, 1981-1999 and 1999-2020 respectively.
Knees in what quantity, please?

The later knee in the plot of log(BRKbook) versus time occurred around end of 1998 i.e. about time of the GenRe acquisition. I wondered if that was the start of a structural change in BRK, or given the comment above, if this knee was reflecting BRK's participation in general market conditions.
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