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Berkshire HathawayXSWX:BRK 71 Return-on-Tangible-Asset is 3.59% as of Mar. 2026, which is 50% below its 10-year median of 7.24. GuruFocus rates XSWX:BRK with a GF Score™ of 71/100 and a GF Value™ of CHF433.77 (Fairly Valued). The stock has 4 warning signs investors should review. Among 506 Insurance companies, Berkshire Hathaway ranks better than 82.21% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Berkshire Hathaway's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF31,826 Mil. Berkshire Hathaway's average total tangible assets for the quarter that ended in Mar. 2026 was CHF887,127 Mil. Therefore, Berkshire Hathaway's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.59%.
The historical rank and industry rank for Berkshire Hathaway's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:BRK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.68 Med: 7.24 Max: 12.54
Current: 6.66
During the past 13 years, Berkshire Hathaway's highest Return-on-Tangible-Asset was 12.54%. The lowest was -2.68%. And the median was 7.24%.
XSWX:BRK's Return-on-Tangible-Asset is ranked better than 82.21% of 506
companies
in the Insurance industry
Industry Median: 2.745
vs XSWX:BRK: 6.66
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Berkshire Hathaway Return-on-Tangible-Asset Related Terms
Berkshire Hathaway Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Berkshire Hathaway's Return-on-Tangible-Asset 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.
XSWX:BRK vs AIG, HIG, ACGL: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Berkshire Hathaway's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Berkshire Hathaway's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Berkshire Hathaway's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.59% mean?
Berkshire Hathaway (XSWX:BRK) has a Return-on-Tangible-Asset of 3.59% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Berkshire Hathaway and its competitors. This is 50% below median its historical median of 7.24. According to the industry distribution chart, Berkshire Hathaway ranks #90 out of 506 companies in the Insurance industry, placing it in the top 17.8%.
Is Berkshire Hathaway's Return-on-Tangible-Asset too high?
Berkshire Hathaway's current Return-on-Tangible-Asset of 3.59% is 50% below median its 10-year median of 7.24. The Insurance industry median Return-on-Tangible-Asset is 2.75. Berkshire Hathaway's value of 3.59% is 30.8% above this industry median. Based on the distribution chart, Berkshire Hathaway ranks #90 out of 506 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Berkshire Hathaway has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Return-on-Tangible-Asset compare to AIG and HIG?
According to the Insurance industry distribution chart, Berkshire Hathaway ranks #90 out of 506 companies for Return-on-Tangible-Asset. This places Berkshire Hathaway in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.75. Berkshire Hathaway's value of 3.59% is 30.8% above this benchmark. While the company's 10-year median is 7.24 vs. the industry median of 2.75, 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 Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Berkshire Hathaway's current Return-on-Tangible-Asset of 3.59% is 30.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Berkshire Hathaway and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berkshire Hathaway's current Return-on-Tangible-Asset is 3.59%, which is 50% below median its own 10-year median of 7.24. 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 (XSWX:BRK) is currently considered Fairly Valued. The stock's GF Value™ is CHF433.77, compared to a current price of CHF398.20 — trading 8.2% below its estimated fair value. The current Return-on-Tangible-Asset is 3.59%, which is 50% below median its 10-year median of 7.24 and 30.8% above the Insurance industry median of 2.75. Berkshire Hathaway's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Berkshire Hathaway (XSWX:BRK), the current Return-on-Tangible-Asset is 3.59% as of Mar. 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 (XSWX:BRK) Overvalued in 2026?
Based on GuruFocus' analysis, Berkshire Hathaway stock appears to be undervalued.
The current stock price of CHF398.20 is trading 8.2% below its estimated GF Value™ of CHF433.77.
GuruFocus considers Berkshire Hathaway to be Fairly Valued.
Key valuation signals for XSWX:BRK:
Return-on-Tangible-Asset: 3.59% (50% below median its 10-year median of 7.24)
GF Value™: CHF433.77 vs. price of CHF398.20 (8.2% below fair value)
Industry Position: 30.8% above the Insurance median (#90 of 506)
No single metric tells the full story. See the XSWX: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.
71GF Score
Get the complete analysis for XSWX:BRK
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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