Berkshire HathawayTSX:BRK +0.84%79 Cyclically Adjusted Price-to-FCF is 38.97 as of Jun. 24, 2026, which is 31% above its 10-year median of 29.74. GuruFocus rates TSX:BRK with a GF Score™ of 79/100 and a GF Value™ of C$39.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 323 Insurance companies, Berkshire Hathaway ranks worse than 84.83% on this metric.
The historical rank and industry rank for Berkshire Hathaway's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
TSX:BRK'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.97 Med: 29.74 Max: 45.08
Current: 39.23
During the past years, Berkshire Hathaway's highest Cyclically Adjusted Price-to-FCF was 45.08. The lowest was 20.97. And the median was 29.74.
TSX:BRK's Cyclically Adjusted Price-to-FCF is ranked worse than 84.83% of 323
companies
in the Insurance industry
Industry Median: 13.08
vs TSX:BRK: 39.23
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Berkshire Hathaway's adjusted free cash flow per share data for the three months ended in Mar. 2026 was C$0.191. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$0.92 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Berkshire Hathaway Cyclically Adjusted Price-to-FCF Related Terms
Berkshire Hathaway Cyclically Adjusted Price-to-FCF Historical Data
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The historical data trend for Berkshire Hathaway's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:BRK vs AIG, HIG, ACGL: Cyclically Adjusted Price-to-FCF Comparison
For the Insurance - Diversified subindustry, Berkshire Hathaway's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Berkshire Hathaway Cyclically Adjusted Price-to-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Berkshire Hathaway's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Berkshire Hathaway's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Berkshire Hathaway's Cyclically Adjusted Price-to-FCF for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted Price-to-FCF of 38.97 mean?
Berkshire Hathaway (TSX:BRK) has a Cyclically Adjusted Price-to-FCF of 38.97 as of Jun. 24, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Berkshire Hathaway and its competitors. This is 31% above median its historical median of 29.74. Over the past decade, Berkshire Hathaway's Cyclically Adjusted Price-to-FCF has ranged from 20.97 to 45.08. According to the industry distribution chart, Berkshire Hathaway ranks #274 out of 323 companies in the Insurance industry, placing it in the top 84.8%.
Is Berkshire Hathaway's Cyclically Adjusted Price-to-FCF too high?
Berkshire Hathaway's current Cyclically Adjusted Price-to-FCF of 38.97 is 31% above median its 10-year median of 29.74. Over the past 10 years, this metric has ranged from a low of 20.97 to a high of 45.08. The Insurance industry median Cyclically Adjusted Price-to-FCF is 13.08. Berkshire Hathaway's value of 38.97 is 197.9% above this industry median. Based on the distribution chart, Berkshire Hathaway ranks #274 out of 323 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Berkshire Hathaway has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Cyclically Adjusted Price-to-FCF compare to AIG and HIG?
According to the Insurance industry distribution chart, Berkshire Hathaway ranks #274 out of 323 companies for Cyclically Adjusted Price-to-FCF. This places Berkshire Hathaway in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 13.08. Berkshire Hathaway's value of 38.97 is 197.9% above this benchmark. Historically, Berkshire Hathaway's own Cyclically Adjusted Price-to-FCF has ranged from 20.97 to 45.08 over the past decade. While the company's 10-year median is 29.74 vs. the industry median of 13.08, Berkshire Hathaway has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for an Insurance company?
The median Cyclically Adjusted Price-to-FCF among Insurance companies is 13.08, based on 323 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Berkshire Hathaway's current Cyclically Adjusted Price-to-FCF of 38.97 is 197.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Berkshire Hathaway and its competitors. For the Insurance industry, the median Cyclically Adjusted Price-to-FCF is 13.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berkshire Hathaway's current Cyclically Adjusted Price-to-FCF is 38.97, which is 31% above median its own 10-year median of 29.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berkshire Hathaway stock overvalued right now?
Based on GuruFocus' analysis, Berkshire Hathaway (TSX:BRK) is currently considered Modestly Undervalued. The stock's GF Value™ is C$39.93, compared to a current price of C$35.85 — trading 10.2% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 38.97, which is 31% above median its 10-year median of 29.74 and 197.9% above the Insurance industry median of 13.08. Berkshire Hathaway's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Berkshire Hathaway (TSX:BRK), the current Cyclically Adjusted Price-to-FCF is 38.97 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Berkshire Hathaway (TSX:BRK) Overvalued in 2026?
Based on GuruFocus' analysis, Berkshire Hathaway stock appears to be undervalued.
The current stock price of C$35.85 is trading 10.2% below its estimated GF Value™ of C$39.93.
GuruFocus considers Berkshire Hathaway to be Modestly Undervalued.
Key valuation signals for TSX:BRK:
Cyclically Adjusted Price-to-FCF: 38.97 (31% above median its 10-year median of 29.74)
GF Value™: C$39.93 vs. price of C$35.85 (10.2% below fair value)
Industry Position: 197.9% above the Insurance median (#274 of 323)
No single metric tells the full story. See the TSX:BRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from its operations to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the companies that make up its manufacturing, service, and retailing operations (which include Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis. Berkshire generated close to $371.4 billion in operating revenue in during 2025.
79GF Score
Get the complete analysis for TSX:BRK
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