Berkshire Hathaway (XSWX:BRK) Scaled Net Operating Assets: 0.37 (As of Mar. 2026)


XSWX:BRK Berkshire Hathaway Inc XSWX:BRK
74 GF Score
Price CHF399.56
GF Value CHF427.94
Valuation Fairly Valued
! 5 Warning Signs
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What is Berkshire Hathaway Scaled Net Operating Assets?

Berkshire Hathaway XSWX:BRK 74 Scaled Net Operating Assets is 0.37 as of Mar. 2026. GuruFocus rates XSWX:BRK with a GF Score™ of 74/100 and a GF Value™ of CHF427.94 (Fairly Valued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Berkshire Hathaway's operating assets for the quarter that ended in Mar. 2026 was CHF673,053 Mil. Berkshire Hathaway's operating liabilities for the quarter that ended in Mar. 2026 was CHF310,145 Mil. Berkshire Hathaway's Total Assets for the quarter that ended in Dec. 2025 was CHF973,952 Mil. Therefore, Berkshire Hathaway's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.37.

XSWX:BRK
74GF Score
Berkshire Hathaway Inc XSWX:BRK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Berkshire Hathaway Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Berkshire Hathaway's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(932611.273-297556.085)/1028800.3
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=973952.054 - 41340.781
=932611.273

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=400420.734 - 100220.535 - 2644.114
=297556.085

Berkshire Hathaway's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(673053.322-310145.025)/973952.054
=0.37

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=985912.958 - 312859.636
=673053.322

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=411616.973 - 99706.034 - 1765.914
=310145.025

* 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.

What does a Scaled Net Operating Assets of 0.37 mean?
Berkshire Hathaway (XSWX:BRK) has a Scaled Net Operating Assets of 0.37 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Berkshire Hathaway and its competitors.
Is Berkshire Hathaway's Scaled Net Operating Assets too high?
Berkshire Hathaway's current Scaled Net Operating Assets is 0.37. Overall, Berkshire Hathaway has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Scaled Net Operating Assets compare to AIG and HIG?
Berkshire Hathaway's Scaled Net Operating Assets of 0.37 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Berkshire Hathaway and its competitors. Berkshire Hathaway's current Scaled Net Operating Assets is 0.37. 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 CHF427.94, compared to a current price of CHF399.56 — trading 6.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.37. Berkshire Hathaway's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Berkshire Hathaway (XSWX:BRK), the current Scaled Net Operating Assets is 0.37 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 CHF399.56 is trading 6.6% below its estimated GF Value™ of CHF427.94. GuruFocus considers Berkshire Hathaway to be Fairly Valued.

Key valuation signals for XSWX:BRK:

  • Scaled Net Operating Assets: 0.37
  • GF Value™: CHF427.94 vs. price of CHF399.56 (6.6% below fair value)
  • GF Score™: 74/100 with 5 warning signs

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 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.
74GF Score

Get the complete analysis for XSWX:BRK

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF399.56
Price
CHF427.94
GF Value