Start with its own history
At 25.58×, BRK-A is 6.9% above its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · BRK-AInsurance - DiversifiedUpdated Oct 22, 2026
Berkshire Hathaway Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
25.58×
6.9% abovethe 9-observation annual average
Share price821,187.4
÷Earnings per share32,096.47
Price and EPS in quote currency. Calculation details
Investors are paying 25.58 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 23.94×
3-year average11.79×3 positive annual observations
5-year average10.74×4 positive annual observations
10-year average23.94×9 positive annual observations
Peer median · TTM21.16×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 16.21× | +47.4% |
| Dec 31, 2024 | 11.00× | +34.6% |
| Dec 31, 2023 | 8.17× | N/M |
| Dec 31, 2022 | N/M | N/M |
| Dec 31, 2021 | 7.57× | -42.0% |
| Dec 31, 2020 | 13.04× | +91.4% |
| Dec 31, 2019 | 6.82× | -94.6% |
| Dec 31, 2018 | 125.10× | +1048.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 10.89× | -34.7% |
| Dec 31, 2016 | 16.67× | +23.5% |
| Dec 31, 2015 | 13.50× | -27.8% |
| Dec 31, 2014 | 18.69× | +24.5% |
| Dec 31, 2013 | 15.01× | +0.5% |
| Dec 31, 2012 | 14.93× | -19.1% |
| Dec 31, 2011 | 18.46× | +21.5% |
| Dec 31, 2010 | 15.19× | -20.5% |
| Dec 31, 2009 | 19.10× | -36.2% |
| Dec 31, 2008 | 29.96× | +80.9% |
| Dec 31, 2007 | 16.57× | +7.6% |
| Dec 31, 2006 | 15.40× | -3.8% |
| Dec 31, 2005 | 16.00× | -13.5% |
| Dec 31, 2004 | 18.49× | +16.6% |
| Dec 31, 2003 | 15.87× | -39.2% |
| Dec 31, 2002 | 26.08× | -82.0% |
| Dec 31, 2001 | 145.11× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How BRK-A compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 BRK-A This stockBerkshire Hathaway Inc. | 25.58× |
 UNPUnion Pacific Corporation | 23.20× |
 CSXCSX Corporation | 26.77× |
 NSCNorfolk Southern Corporation | 28.33× |
 KMIKinder Morgan, Inc. | 20.81× |
 DUKDuke Energy Corporation | 18.83× |
 XELXcel Energy Inc. | 21.50× |
 LLoews Corporation | 13.93× |
 ORIOld Republic International Corporation | 11.32× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does BRK-A’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 21.16×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take BRK-A into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("BRK-A", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 821,187.4 ÷ EPS 32,096.47 = 25.58×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
BRK-A P/E ratio: common questions
The essentials behind the numbers.
Berkshire Hathaway Inc.'s current P/E is 25.58× based on the quote data last updated Oct 22, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.