Berkshire Hathaway's Class B shares closed at $539.82 on October 20, a record, and were trading near $548 at the time of writing, up about 9% this year. Berkshire did not repurchase any stock in 2025 but bought back about $4.8 billion in the first half of 2026, mostly in May and June at roughly $476 to $488 per Class B share; CEO Greg Abel said the company buys back shares when they trade below its conservatively estimated intrinsic value. With shareholders' equity of $747.9 billion, book value is about $348 per Class B share, so the current price is nearly 1.6 times book value, compared with about 1.4 times at June's average buyback price. Second-quarter operating earnings rose 16% to about $13 billion, but excluding foreign exchange effects they rose about 5%. The author says the stock is worth considering, but the price is now well above the levels Berkshire paid in June.
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