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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝🐝 SILVER
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Number: of 15062 
Subject: Re: Barrons Makes Sense to buy Chubb outright
Date: 05/17/2024 2:17 PM
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...trading reasonably at about 12 times projected 2024 earnings.

Insurance earnings are cyclically elevated, so I'd be hesitant to be quite that optimistic about the valuation levels. I agree it doesn't seem too bad, though. Even with today's pop to $275 and a more muted view of cyclically adjusted earnings, the multiple might be no more than the 18-19 range at a wild guess.

Book per share is up around 4-5%/year in the last 5-10 years. It's not the growth rate that people expect from Nvidia, but perhaps a good home for some bored capital.

Jim
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