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PE 估值›Financial Services›BRK-B

Berkshire Hathaway Inc. (BRK-B) 股票估值 — PE 分析

Insurance - Diversified · NYSE

当前价格

$510.37

市盈率（TTM）

12.8x

内在价值

$543.74

安全边际 +6.1%

AI 护城河与风险分析
AI 生成 · 仅供参考BRK-B

竞争护城河

↑保险业务规模

伯克希尔哈撒韦拥有庞大的保险业务组合，如GEICO和国家赔偿保险公司，这带来了显著的规模经济效应和定价能力。

↑多元化投资组合

公司通过持有大量不同行业的优质公司股权，实现了风险的有效分散，并能从整体经济增长中获益。

↑现金流生成能力

其保险业务产生的巨额浮存金和持续的盈利能力，为伯克希尔提供了充裕的资金进行再投资和股票回购。

投资风险

↓继承人风险

沃伦·巴菲特的离任和格雷格·阿贝尔的接任，虽然公司已做好准备，但市场对新领导层的长期表现仍存观察。

↓宏观经济波动

经济衰退或金融市场剧烈波动可能影响其投资组合的价值和保险业务的承保利润。

↓重大灾难事件

一次或多次重大的自然灾害或人为灾难可能导致保险业务出现巨额赔付，超出预期。

做一次完整评估 →追踪这只股票

基准情形

BRK-B 基准情形 PE 估值

BRK-B 的基准情形 PE 估值估算每股公允价值约为 $543.74，当前股价为 $510.37。该模型假设盈利年增长率 3.5%、目标 P/E 倍数 12.83x、折现率 10%。

内在价值

$543.74

安全边际

+6.1%

预期年化收益

+1.3%

基准情形假设：盈利年增长率 3.5%、目标 P/E 倍数 12.83x、折现率 10%、预测 5 年。数据截至 2026-09-11。

本基准情形采用默认假设，不构成投资建议。当目标 PE 或盈利增长率变化时，公允价值会显著改变。打开计算器可设置你自己的假设，并查看完整的敏感性区间。

自定义 BRK-B PE 估值

调节目标 PE、盈利增长和折现率，查看 Berkshire Hathaway Inc. 的公允价值与安全边际如何变化。

打开 BRK-B PE 计算器

或试试 BRK-B DCF 估值 →

公司简介

Berkshire Hathaway Inc., established in 1998 and headquartered in Omaha, Nebraska, operates as a vast global conglomerate with diverse business interests. Its core operations primarily encompass insurance, freight rail transportation, and utility services. The company provides a comprehensive suite of insurance and reinsurance products, including coverage for property, casualty, life, accident, and health. Across North America, it manages extensive railway networks dedicated to freight transport. Its utility division is responsible for generating, transmitting, storing, and distributing electricity sourced from various origins such as natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal energy. This segment also oversees natural gas infrastructure, including distribution networks, storage facilities, interstate pipelines, and liquefied natural gas (LNG) operations, alongside its interests in coal mining. Beyond these foundational sectors, Berkshire Hathaway boasts a significant manufacturing footprint. It produces a wide array of goods ranging from confectionery and specialty chemicals to metal cutting tools and components for both aerospace and power generation applications. Its manufacturing portfolio also extends to flooring products, insulation, roofing materials, engineered building components, paints, coatings, and bricks. The company is also involved in residential construction, offering both manufactured and site-built homes, supplemented by related lending and financial services. Its product offerings further include recreational vehicles, apparel, footwear, jewelry, custom picture framing, and alkaline batteries. On the industrial side, it manufactures specialized components like castings, forgings, fasteners, aerostructures, and precision parts, often utilizing advanced alloys such as cobalt, nickel, and titanium. Additionally, Berkshire Hathaway provides a variety of services, which include distributing electronic components, franchising and servicing quick-service restaurants, offering logistics, grocery, and foodservice distribution, as well as professional aviation training and shared aircraft ownership programs. Finally, the company maintains a substantial retail presence, selling an extensive selection of products such as automobiles, furniture, home appliances, electronics, computers, jewelry, and kitchenware, in addition to motorcycle clothing and equipment.

财务指标 — BRK-B PE 估值数据

市盈率（TTM）

12.8x

PEG 比率

0.35

盈利收益率

7.80%

ROE (TTM)

11.9%

Revenue/Share (TTM)

$267887.88

Debt/Equity

0.17x

常见问题

BRK-B 的市盈率是多少？

BRK-B 的过去 12 个月市盈率反映投资者为 Berkshire Hathaway Inc. 每一美元收益所支付的价格。该指标在与Insurance - Diversified同类公司和公司自身历史区间对比时最有意义。

基于市盈率，BRK-B 被高估了吗？

BRK-B 的市盈率 12.8x 结合 PEG 比率 0.35 提供了增长调整后的视角。PEG 低于 1.0 表明市盈率相对于盈利增速偏低。注意 PE 估值最适合盈利稳定的成熟公司——对于高增长或周期性Insurance - Diversified，DCF 分析可能更合适。

如何使用市盈率对 BRK-B 进行估值？

对 Berkshire Hathaway Inc. 使用 PE 估值的步骤：(1) 将当前市盈率 (12.8x)与Insurance - Diversified中位数对比评估相对定价，(2) 查看 PEG 比率 (0.35)以调整增长预期，(3) 参考 5 年 PE 历史区间判断当前位置，(4) 用目标 PE 乘以前瞻 EPS 估算公允价值。这种相对估值方法与 DCF 的绝对估值互为补充。

BRK-B 的 PEG 比率是多少？

BRK-B 的 PEG 比率为 0.35，由市盈率（12.8x）除以预期盈利增速计算。PEG 低于 1.0 意味着市盈率相对于预期盈利增速偏低。注意 PEG 的准确性取决于增长预期的可靠性。

对 BRK-B 应该使用 PE 还是 DCF 估值？

PE 市盈率给出快速的相对定价——BRK-B 相对于Insurance - Diversified同类的估值水平。DCF 基于预期自由现金流提供绝对价值。建议用 PE 做快速筛选，用 DCF 做深度分析。两种方法各有盲区：PE 忽略了资本结构和现金流质量，DCF 则对增长率和折现率假设非常敏感。

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PE 与 DCF 使用不同的方法和假设为 BRK-B 估值，因此两者的结论可能不同。可对比 DCF 内在价值。

价格截至 2026-09-11。 财务数据来自 Financial Modeling Prep（过去 12 个月）· 估值方法论由 Charlie Wang 提供。

这是估计值，不构成投资建议。