No. of Recommendations: 14
What's going on folks? BRK could use some boost recently.
Meh, not really. Not as far as I can see.
Things have been flattish for a while, but the price was pretty rich when the flattish stretch started. Even now, valuation multiples are above the "modern" average. 3.6% above the 20 year verage P/B, and 14.5% above the 20 year average multiple of my valuation metric which places more emphasis on operating earnings.
That doesn't mean they the price will go down to the prior average multiples, but it's enough that I don't see a reason to expect that a boost is in any way overdue.
Jim
