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Compare Stocks › BRK-B vs CMS

Berkshire Hathaway Inc. (BRK-B) vs CMS Energy Corporation (CMS)

BRK-B
Berkshire Hathaway Inc.
$481.48
VS
CMS
CMS Energy Corporation
$77.45

Rewards

BRK-B
  • ★Each dollar of retained earnings has created $1.66 of market value — management is creating shareholder value.
  • ★Net debt/EBITDA of -2.2x means the company holds more cash than debt — a net cash position.
CMS
  • ★Each dollar of retained earnings has created $2.73 of market value — management is an exceptional capital allocator.

Risks

BRK-B
  • ⚠Berkshire Hathaway Inc. scores only 16/100 on the Economic Moat Score, suggesting limited durable competitive advantages.
  • ⚠Trailing P/E of 15.5x is 75% above the historical average of 8.9x — the stock trades at a premium to its own history.
CMS
  • ⚠CMS Energy Corporation scores only 25/100 on the Economic Moat Score, suggesting limited durable competitive advantages.
  • ⚠PEG ratio of 3.33 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
  • ⚠Net debt/EBITDA of 6.1x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.

Key Valuation Metrics

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BRK-B
CMS
Valuation
$36.80B
Free Cash Flow
$-1.74B
3.54%
FCF Yield
-7.34%
15.50
Trailing P/E
22.00
22.11
Forward P/E
18.55
Quality & Moat
11.31%
ROIC
5.11%
9.30%
ROE
10.93%
26.15%
Gross Margin
41.53%
N/A
PEG Ratio
3.33
Balance Sheet Safety
0.19
Debt / Equity
1.95
N/A
Interest Coverage
N/A
-2.15
Net Debt / EBITDA
6.10
N/A
Dividend Yield
2.94%
BRK-B: 6Ties: 1CMS: 3
BRK-BCMS

Historical Fundamentals

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BRK-B

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

CMS

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

$1 Retained Earnings Test

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BRK-B
$1.66
created per $1 retained over 3 years
Value Creator
Σ Retained
$252.19B
Δ Market Cap
+$417.98B
Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
CMS
$2.73
created per $1 retained over 3 years
Exceptional Value Creator
Σ Retained
$1.09B
Δ Market Cap
+$2.98B
Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

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BRK-B
31.1% Margin of Safety
Price is 31.1% below estimated fair value
Current Price: $481.48
Fair Value: $699.14
Strongly undervalued
Undervalued
Fairly valued
Overvalued
Strongly overvalued
CMS
411.0% Overvalued
Price is 411.0% above estimated fair value
Current Price: $77.45
Fair Value: $15.16
Strongly undervalued
Undervalued
Fairly valued
Overvalued
Strongly overvalued

Reverse DCF — Market-Implied Growth

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BRK-B

What growth rate is the market pricing in at $481?

+0.7%
Market-Implied Owner Earnings Growth
Standard FCF implies +8.8%

The market implies +0.7% Owner Earnings growth, above historical trends.

Standard FCF implies a demanding +8.8%, reflecting heavy growth investment.

CMS

Requires positive FCF to compute implied growth rate.

Economic Moat Score

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BRK-B
16/100
No Moat
70+ Wide · 40-69 Narrow · <40 None

No durable moat detected, though reinvestment efficiency shows some competitive positioning. The business lacks consistent evidence of sustainable advantages.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 5 years of fundamental data.
CMS
25/100
No Moat
70+ Wide · 40-69 Narrow · <40 None

No durable moat detected, though margin stability shows some competitive positioning. The business lacks consistent evidence of sustainable advantages.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

Forensic Accounting

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BRK-B
-2.41
Unlikely Manipulator
Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
CMS
-2.43
Unlikely Manipulator
Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

Ownership Breakdown

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BRK-B
Insiders 0.3%Institutions 66.2%Retail & Other 33.5%
No. of Institutional Holders5,852
High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
CMS
Insiders 0.5%Institutions 98.3%Retail & Other 1.1%
No. of Institutional Holders1,112
High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

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BRK-B
0
Buys (3M)
0
Buys (12M)
No open market insider purchases found.
Open market purchases · includes direct & indirect ownership · excludes option exercises
CMS
1
Buys (3M)
1
Buys (12M)
Total value (12M): $153,398
LEOPOLD DIANE
Director
$153,398
@ $76.70 · 2026-02-25
Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

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BRK-B
0
Sells (3M)
0
Sells (12M)
No open market insider sales found.
Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
CMS
3
Sells (3M)
7
Sells (12M)
Total value (12M): $2.34M
MCINTOSH SCOTT B.
Officer
$136,859
@ $78.21 · 2026-03-02
HOFMEISTER BRANDON J
Officer
$312,940
@ $78.23 · 2026-02-27
RUSSELL JOHN G.
Director
$1.13M
@ $75.75 · 2026-02-20
HOFMEISTER BRANDON J
Officer
$289,882
@ $72.47 · 2025-11-03
SNYDER LAUREN Y
Officer
$158,199
@ $71.26 · 2025-09-05
HOFMEISTER BRANDON J
Officer
$147,246
@ $73.62 · 2025-08-08
HOFMEISTER BRANDON J
Officer
$161,790
@ $73.61 · 2025-05-06
HOFMEISTER BRANDON J
Officer
$147,540
@ $73.77 · 2025-03-03
WRIGHT LAURA H
Director
$174,609
@ $69.84 · 2025-02-19
MCINTOSH SCOTT B.
Officer
$467,392
@ $69.76 · 2025-02-13
RUSSELL JOHN G.
Director
$1.89M
@ $65.85 · 2024-12-19
HOFMEISTER BRANDON J
Officer
$134,443
@ $67.22 · 2024-12-13
MCINTOSH SCOTT B.
Officer
$64,116
@ $68.50 · 2024-11-21
HOFMEISTER BRANDON J
Officer
$136,345
@ $68.17 · 2024-11-18
HOFMEISTER BRANDON J
Officer
$137,709
@ $68.85 · 2024-09-04
RICH BRIAN F
Officer
$263,982
@ $66.00 · 2024-08-01
HOFMEISTER BRANDON J
Officer
$99,993
@ $59.98 · 2024-06-13
BARFIELD JON E
Director
$143,458
@ $60.79 · 2024-06-07
RICH BRIAN F
Officer
$122,207
@ $61.10 · 2024-05-02
Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

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BRK-B
FearGreed
😐Neutral(48/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
CMS
FearGreed
😏Greed(63/100)

"Market is optimistic — be cautious and ensure you have a margin of safety"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

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BRK-B
⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (48)
CMS
⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Greed (63)
View BRK-B Full AnalysisView CMS Full Analysis