Berkshire Hathaway Is Undervalued By 16%
Summary Since Berkshire had operating earnings of $24 billion over the previous 12 months from June 30, 2021, all of Berkshire’s businesses are being valued by the market at less than 15 times earnings.Q2 2021 hedge fund letters, conferences and more If Berkshire’s businesses were conservatively valued at 20 times operating earnings, then they would have an enterprise value of $480 billion.Subtracting the float of $142 billion would then result in an equity value of $338 billion.Adding $338 billion (businesses) to $452 billion (stock portfolio plus cash) results in an overall equity valuation ...