NEW YORK (Reuters) - Berkshire Hathaway Inc (BRKa.N), the conglomerate built by billionaire investor Warren Buffett, could be overvalued, Barron’s reported on Sunday.
Barron’s estimates that Berkshire is worth about $130,000 a share, about 10 percent below the current level.
Because of its high price relative to its book value and earnings, Berkshire shares could be “dead money for at least a year,” the investor weekly said.
Wall Street is waiting for Buffett’s next move, and insurance broker Marsh & McLennan (MMC.N) might appeal to him, Barron’s said.
Berkshire stock closed on Friday at $143,000, up 38 percent from its 12-month low of $103,800 hit on Feb. 27.
Reporting by Chris Reiter; Editing by Steve Orlofsky