"Despite our conservatism, I think we will be able every year to build the underlying per-share earning power of Berkshire."

— Warren Buffett  ·  2014 Annual Report
SOTP — Intrinsic Valuation Components
Based on 2.16 billion equivalent B shares
Segment Revenue Adj. Net Profit Multiple Estimated Value Per B Share % of Total Earnings Yield Growth Est. Est. Growth

All figures are estimates subject to adjustment. Deductions represent entire liability potential and not immediate cash outflows.

BVPS multiples use 2025 year-end book value per share of $332.35. See Book Value history → for full 1999–2026 BVPS, float per share, and P/B analysis.