Berkshire Hathaway looks like an attractive investment, according to Argus.
"On valuation, the stock is trading at 21-times our 2024 operating EPS forecast, below the current S & P 500 multiple of 24-times," Heal wrote.
This discounted valuation comes even as Berkshire Hathaway Class A shares are up 12% for the year, outpacing the broad market index.
Heal pointed out that Berkshire has consistently shown strong performance, with its stock returns doubling those of the S & P 500 since 1965.
To be sure, Heal pointed to several risks Berkshire faces, including the cyclicality of many of its fully-owned businesses.
Persons:
Berkshire Hathaway, Warren Buffett, Kevin Heal, Heal, Chubb
Organizations:
Berkshire Hathaway, Berkshire
Locations:
Argus, Berkshire