Berkshire Hathaway (TSX:BRK) Cyclically Adjusted PS Ratio: 0.18 (As of Sep. 16, 2026) — 93% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:BRK Berkshire Hathaway Inc TSX:BRK
81 GF Score
Price C$37.33
GF Value C$41.01
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Berkshire Hathaway Cyclically Adjusted PS Ratio?

Berkshire Hathaway TSX:BRK +0.27% 81 Cyclically Adjusted PS Ratio is 0.18 as of Sep. 16, 2026, which is 93% below its 10-year median of 2.65. GuruFocus rates TSX:BRK with a GF Score™ of 81/100 and a GF Value™ of C$41.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 407 Insurance companies, Berkshire Hathaway ranks worse than 82.31% on this metric.

As of today (2026-09-16), Berkshire Hathaway's current share price is C$37.33. Berkshire Hathaway's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$204.60. Berkshire Hathaway's Cyclically Adjusted PS Ratio for today is 0.18.

The historical rank and industry rank for Berkshire Hathaway's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:BRK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.92   Med: 2.65   Max: 3.55
Current: 3.03

During the past years, Berkshire Hathaway's highest Cyclically Adjusted PS Ratio was 3.55. The lowest was 1.92. And the median was 2.65.

TSX:BRK's Cyclically Adjusted PS Ratio is ranked worse than
82.31% of 407 companies
in the Insurance industry
Industry Median: 1.25 vs TSX:BRK: 3.03

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Berkshire Hathaway's adjusted revenue per share data for the three months ended in Jun. 2026 was C$65.412. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is C$204.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Berkshire Hathaway  (TSX:BRK) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Berkshire Hathaway Cyclically Adjusted PS Ratio Related Terms


Berkshire Hathaway Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Berkshire Hathaway's Cyclically Adjusted PS Ratio 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.

Berkshire Hathaway Cyclically Adjusted PS Ratio Chart

Berkshire Hathaway Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.17 0.17 0.19 0.19

Berkshire Hathaway Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.19 0.19 0.18 0.18

TSX:BRK vs AIG, HIG, ACGL: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Diversified subindustry, Berkshire Hathaway's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Berkshire Hathaway's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Berkshire Hathaway's Cyclically Adjusted PS Ratio falls into.


TSX:BRK
81GF Score
Berkshire Hathaway Inc TSX:BRK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Berkshire Hathaway Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Berkshire Hathaway's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=37.33/204.599
=0.18

* 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.

Berkshire Hathaway's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Berkshire Hathaway's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=65.412/333.9520*333.9520
=65.412

Current CPI (Jun. 2026) = 333.9520.

Berkshire Hathaway Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 29.216 241.428 40.413
201612 29.585 241.432 40.922
201703 34.537 243.801 47.308
201706 31.199 244.955 42.534
201709 30.266 246.819 40.951
201712 30.291 246.524 41.033
201803 29.973 249.554 40.110
201806 32.545 251.989 43.131
201809 33.649 252.439 44.514
201812 34.170 251.233 45.421
201903 32.794 254.202 43.082
201906 34.697 256.143 45.237
201909 35.029 256.759 45.560
201912 35.332 256.974 45.916
202003 33.851 258.115 43.797
202006 32.597 257.797 42.226
202009 35.297 260.280 45.288
202012 35.920 260.474 46.053
202103 35.565 264.877 44.840
202106 37.258 271.696 45.795
202109 39.439 274.310 48.014
202112 40.620 278.802 48.655
202203 40.565 287.504 47.119
202206 44.079 296.311 49.678
202209 45.641 296.808 51.353
202212 48.294 296.797 54.340
202303 52.868 301.836 58.493
202306 57.152 305.109 62.555
202309 57.580 307.789 62.474
202312 58.759 306.746 63.970
202403 56.134 312.332 60.020
202406 59.448 314.175 63.190
202409 58.858 315.301 62.340
202412 61.536 315.605 65.113
202503 59.676 319.799 62.317
202506 59.384 322.561 61.481
202509 60.625 324.800 62.333
202512 60.905 324.054 62.765
202603 59.566 330.213 60.240
202606 65.412 333.952 65.412

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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 PS Ratio of 0.18 mean?
Berkshire Hathaway (TSX:BRK) has a Cyclically Adjusted PS Ratio of 0.18 as of Sep. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Berkshire Hathaway and its competitors. This is 93% below median its historical median of 2.65. Over the past decade, Berkshire Hathaway's Cyclically Adjusted PS Ratio has ranged from 1.92 to 3.55. According to the industry distribution chart, Berkshire Hathaway ranks #335 out of 407 companies in the Insurance industry, placing it in the top 82.3%.
Is Berkshire Hathaway's Cyclically Adjusted PS Ratio too high?
Berkshire Hathaway's current Cyclically Adjusted PS Ratio of 0.18 is 93% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 3.55. The Insurance industry median Cyclically Adjusted PS Ratio is 1.25. Berkshire Hathaway's value of 0.18 is 85.6% below this industry median. Based on the distribution chart, Berkshire Hathaway ranks #335 out of 407 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Berkshire Hathaway has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Cyclically Adjusted PS Ratio compare to AIG and HIG?
According to the Insurance industry distribution chart, Berkshire Hathaway ranks #335 out of 407 companies for Cyclically Adjusted PS Ratio. This places Berkshire Hathaway in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.25. Berkshire Hathaway's value of 0.18 is 85.6% below this benchmark. Historically, Berkshire Hathaway's own Cyclically Adjusted PS Ratio has ranged from 1.92 to 3.55 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.25, Berkshire Hathaway has consistently been below 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 PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.25, based on 407 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Berkshire Hathaway's current Cyclically Adjusted PS Ratio of 0.18 is 85.6% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Berkshire Hathaway and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berkshire Hathaway's current Cyclically Adjusted PS Ratio is 0.18, which is 93% below median its own 10-year median of 2.65. 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 Fairly Valued. The stock's GF Value™ is C$41.01, compared to a current price of C$37.33 — trading 9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.18, which is 93% below median its 10-year median of 2.65 and 85.6% below the Insurance industry median of 1.25. Berkshire Hathaway's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Berkshire Hathaway (TSX:BRK), the current Cyclically Adjusted PS Ratio is 0.18 as of Sep. 16, 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$37.33 is trading 9% below its estimated GF Value™ of C$41.01. GuruFocus considers Berkshire Hathaway to be Fairly Valued.

Key valuation signals for TSX:BRK:

  • Cyclically Adjusted PS Ratio: 0.18 (93% below median its 10-year median of 2.65)
  • GF Value™: C$41.01 vs. price of C$37.33 (9% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 85.6% below the Insurance median (#335 of 407)

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 Business Description

Address 3555 Farnam Street, Omaha, NE, USA, 68131
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.
81GF Score

Get the complete analysis for TSX:BRK

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$37.33
Price
C$41.01
GF Value