Berkshire Hathaway price to book ratio BRK-B
Market value divided by the book value of the company's net assets, since 2009.
- Today, Oct 23, 2026
- 1.6×
- 10-year median
- 1.4×
- Against its 10-year history
- 80th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 1.0× to 1.8×
- Peer median
- 2.4×
Berkshire Hathaway's price to book ratio is 1.6× as of Oct 23, 2026.
That is above its ten-year median of 1.4×, higher than on 80% of days in the last ten years.
Over that time it ranged from 1.0× in Mar 2020 to 1.8× in May 2025.
The median for 10 financial stocks of a similar size is 2.4×.
Price to book ratio over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 1.6× | 1.4× | 1.6× |
| 2025 | 1.5× | 1.5× | 1.8× |
| 2024 | 1.6× | 1.5× | 1.7× |
| 2023 | 1.5× | 1.3× | 1.5× |
| 2022 | 1.5× | 1.2× | 1.6× |
| 2021 | 1.4× | 1.3× | 1.5× |
| 2020 | 1.3× | 1.0× | 1.4× |
| 2019 | 1.4× | 1.3× | 1.5× |
| 2018 | 1.3× | 1.3× | 1.7× |
| 2017 | 1.6× | 1.4× | 1.6× |
| 2016 | 1.5× | 1.3× | 1.5× |
| 2015 | 1.3× | 1.3× | 1.6× |
| 2014 | 1.6× | 1.3× | 1.6× |
| 2013 | 1.4× | 1.3× | 1.5× |
| 2012 | 1.2× | 1.1× | 1.3× |
| 2011 | 1.2× | 1.0× | 1.4× |
| 2010 | 1.3× | 1.2× | 1.6× |
| 2009 | 1.2× | 1.2× | 1.3× |
Against its peers
Companies in Financial Services nearest Berkshire Hathaway's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| BRK-BBerkshire Hathaway | 1.6× |
| JPMJPMorgan Chase | 2.4× |
| VVisa | 21.7× |
| MAMastercard | 97.4× |
| BACBank of America | 1.2× |
| MSMorgan Stanley | 2.4× |
| GSGoldman Sachs | 2.1× |
| WFCWells Fargo | 1.4× |
| AXPAmerican Express | 5.9× |
| CCitigroup | 1.0× |
| BLKBlackRock | 3.2× |
| Peer median | 2.4× |
What the price to book ratio tells you
Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.
Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.
More on Berkshire Hathaway
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.