Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Berkshire Hathaway (BSP:BERK34) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Berkshire Hathaway Tangible Book per Share Related Terms
Berkshire Hathaway Tangible Book per Share Historical Data
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The historical data trend for Berkshire Hathaway's Tangible Book per Share 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.
BSP:BERK34 vs AIG, HIG, ACGL: Tangible Book per Share Comparison
For the Insurance - Diversified subindustry, Berkshire Hathaway's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, Berkshire Hathaway's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Berkshire Hathaway's Price-to-Tangible-Book 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
What does a Tangible Book per Share of R$73.92 mean?
Berkshire Hathaway (BSP:BERK34) has a Tangible Book per Share of R$73.92 as of Mar. 2026. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on Berkshire Hathaway and its competitors.
Is Berkshire Hathaway's Tangible Book per Share too high?
Berkshire Hathaway's current Tangible Book per Share is R$73.92. Overall, Berkshire Hathaway has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Tangible Book per Share compare to AIG and HIG?
Berkshire Hathaway's Tangible Book per Share of R$73.92 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 Tangible Book per Share for an Insurance company?
A good Tangible Book per Share depends on the Insurance industry context. However, Tangible Book per Share 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 Tangible Book per Share mean?
A high Tangible Book per Share can signal that a stock is expensive relative to its fundamentals. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on Berkshire Hathaway and its competitors. Berkshire Hathaway's current Tangible Book per Share is R$73.92. 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 (BSP:BERK34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$141.91, compared to a current price of R$128.00 — trading 9.8% below its estimated fair value. The current Tangible Book per Share is R$73.92. Berkshire Hathaway's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tangible Book per Share calculated?
Tangible Book per Share is calculated from a company's financial statements. For Berkshire Hathaway (BSP:BERK34), the current Tangible Book per Share is R$73.92 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 (BSP:BERK34) Overvalued in 2026?
Based on GuruFocus' analysis, Berkshire Hathaway stock appears to be undervalued.
The current stock price of R$128.00 is trading 9.8% below its estimated GF Value™ of R$141.91.
GuruFocus considers Berkshire Hathaway to be Modestly Undervalued.
Key valuation signals for BSP:BERK34:
Tangible Book per Share: R$73.92
GF Value™: R$141.91 vs. price of R$128.00 (9.8% below fair value)
No single metric tells the full story. See the BSP:BERK34 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
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Tangible Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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