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Compare Stocks › BRK-B vs NCLH

Berkshire Hathaway Inc. (BRK-B) vs Norwegian Cruise Line Holdings Ltd. (NCLH)

BRK-B
Berkshire Hathaway Inc.
$481.48
VS
NCLH
Norwegian Cruise Line Holdings Ltd.
$19.64

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.
NCLH
  • ★Each dollar of retained earnings has created $3.34 of market value — management is an exceptional capital allocator.
  • ★7 insider purchases over the past 12 months with a buy/sell ratio above 3:1 — a sustained pattern of insider confidence.
  • ★Trailing P/E of 21.3x is 27% below the historical average of 29.1x — potentially undervalued relative to its own history.

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.
NCLH
  • ⚠Norwegian Cruise Line Holdings Ltd. scores only 18/100 on the Economic Moat Score, suggesting limited durable competitive advantages.
  • ⚠High leverage (7.03x debt/equity) combined with thin interest coverage (-1.0x) poses financial risk.
  • ⚠Net debt/EBITDA of 6.0x 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
NCLH
Valuation
$36.80B
Free Cash Flow
$-1.55B
3.54%
FCF Yield
-17.31%
15.50
Trailing P/E
21.35
22.11
Forward P/E
7.30
Quality & Moat
11.31%
ROIC
3.64%
9.30%
ROE
19.15%
26.15%
Gross Margin
42.62%
N/A
PEG Ratio
N/A
Balance Sheet Safety
0.19
Debt / Equity
7.03
N/A
Interest Coverage
N/A
-2.15
Net Debt / EBITDA
6.02
N/A
Dividend Yield
N/A
BRK-B: 6Ties: 1NCLH: 3
BRK-BNCLH

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.

NCLH

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
NCLH
$3.34
created per $1 retained over 3 years
Exceptional Value Creator
Σ Retained
$1.50B
Δ Market Cap
+$5.00B
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
NCLH
Insufficient Data
Enter initial FCF to calculate intrinsic value
Current Price: $19.64
Fair Value: $0.00
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.

NCLH

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.
NCLH
18/100
No Moat
70+ Wide · 40-69 Narrow · <40 None

No durable competitive advantage detected. The business shows limited evidence of pricing power, consistent returns, or capital efficiency.

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.

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.
NCLH
-2.60
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.
NCLH
Insiders 0.4%Institutions 87.2%Retail & Other 12.4%
No. of Institutional Holders883
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
NCLH
0
Buys (3M)
7
Buys (12M)
Total value (12M): $1.76M
DAHLGREN PATRIK
Officer
$99,578
@ $17.94 · 2025-11-25
CURTIS HARRY C
Director
$96,250
@ $19.25 · 2025-11-07
MONTAGUE JASON M
Officer
$252,020
@ $18.81 · 2025-11-06
SOMMER HARRY J
Officer and Director
$462,932
@ $18.52 · 2025-11-06
DAVID STELLA JULIE
Director
$129,870
@ $18.59 · 2025-11-06
KEMPA MARK A.
Chief Financial Officer
$197,051
@ $18.53 · 2025-11-06
BYNG-THORNE ZILLAH
Director
$525,335
@ $18.11 · 2025-11-06
BYNG-THORNE ZILLAH
Director
$197,060
@ $24.85 · 2024-11-04
BYNG-THORNE ZILLAH
Director
$220,440
@ $16.50 · 2024-05-31
CIL JOSE E
Director
$327,500
@ $16.38 · 2024-05-22
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
NCLH
0
Sells (3M)
1
Sells (12M)
Total value (12M): $110,250
ASHBY FAYE L
Officer
$110,250
@ $21.00 · 2025-12-12
ASHBY FAYE L
Officer
$1.05M
@ $27.30 · 2024-11-08
KEMPA MARK A.
Chief Financial Officer
$417,918
@ $27.86 · 2024-11-06
DEMARCO ANDREA
Officer
$805,057
@ $27.76 · 2024-11-06
FARKAS DANIELS S.
General Counsel
$1.16M
@ $24.72 · 2024-11-04
SOMMER HARRY J
Chief Executive Officer
$2.47M
@ $24.67 · 2024-11-04
FARKAS DANIELS S.
General Counsel
$542,760
@ $18.09 · 2024-08-27
SOMMER HARRY J
Chief Executive Officer
$452,358
@ $18.09 · 2024-08-27
ASHBY FAYE L
Officer
$360,614
@ $18.42 · 2024-06-05
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.
NCLH
FearGreed
😨Fear(29/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

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)
NCLH
⚪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: Fear (29)
View BRK-B Full AnalysisView NCLH Full Analysis
Berkshire Hathaway Inc. (BRK-B) vs Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Comparison | SafetyMargin.io