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Berkshire Hathaway (BRK.A) is back in focus after Q2 2026 results combined a sharp jump in net income with the largest share buybacks since 2021, as well as heavy buying of Alphabet and Delta Air Lines.
See our latest analysis for Berkshire Hathaway.
Berkshire Hathaway’s recent buying spree under Greg Abel and the large Q2 buybacks come as short term share price momentum has softened, with a 7 day share price return of 1.81% decline and a modest year to date share price return of 0.81%, while the 5 year total shareholder return of 73.51% reflects how longer term holders have fared.
If Berkshire Hathaway’s capital moves have you thinking about where else capital is flowing, this is a good moment to look beyond conglomerates and check out 21 top founder-led companies
Berkshire Hathaway just posted strong Q2 earnings, stepped up buybacks and turned from net seller to net buyer of stocks. Has that already done most of the work for the share price, or is a valuation gap still open?
Most Popular Narrative: 20.5% Undervalued
The most followed narrative currently values Berkshire Hathaway at a fair value of $943,785.74 per share, compared with the last close of $750,170. This frames Berkshire as trading at a discount while still being backed by a large and diversified operating base.
The baton has officially been passed. Following the May 2026 Berkshire Hathaway Annual Meeting, the first with Greg Abel at the helm as CEO and Warren Buffett watching proudly from the front row, the conglomerate’s underlying thesis remains completely intact. Berkshire is still generating massive, predictable free cash flow while sitting on an unprecedented mountain of dry powder.
Read the complete narrative.
Want to understand why this narrative sees Berkshire Hathaway as a cash rich compounder rather than a slow mature giant? The crux is how it links steady revenue growth, resilient margins, and a disciplined reinvestment and buyback rhythm into one valuation story. Curious which operating segments and profit assumptions carry the most weight in that fair value?
According to davidlsander, the fair value view rests on Berkshire Hathaway pairing a large insurance and rail earnings base with measured revenue growth and disciplined capital deployment. The narrative assumes that earnings quality, a diversified mix of cash producing businesses, and a conservative discount rate of 6.78% together support a valuation that is higher than where the stock trades today.
