Greg Abel Thinks Berkshire's Stock Is Cheap -- Is He Right? Here's the Math.

Berkshire Hathaway conducted $4.5 billion in stock buybacks in Q2, its most aggressive pace in years, suggesting leadership believes the stock is undervalued. Analysis shows Berkshire's operating businesses trade at approximately 10.2 times trailing earnings, significantly below the S&P 500 average of 28 times earnings, supporting the case that the stock may be trading below intrinsic value.