No. of Recommendations: 8
From the Annual Report:
BRK shareholders' equity: $717,419 million
equivalent Class A common stock basis: 1,438,223 shares
Book value: 717,419/1.438,223 = $498,823 which is a new peak.
Recent A-share price is $704,809 morning of 3/23/2026
Current Price to Peak Book: 1.413
Using Jim's table of predicted one year forward real returns, posted upstream in this thread, his model suggests BRK shareholders might see 7.6% return over the next year. Not too shabby.
Increased book value, with price down from last year's peak have us back in the middling valuations.
I've been scanning some posts to catch up, and I noticed that Jim has said ongoing weakness in returns from the operating businesses have led to his valuation that uses earnings for operating companies grew substantially slower than book value.
https://www.shrewdm.com/MB?pid=949552499 