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Compare Stocks › BRK-B vs PPG

Berkshire Hathaway Inc. (BRK-B) vs PPG Industries, Inc. (PPG): Which Is the Better Buy in 2026?

As of 2026-06-19, BRK-B is undervalued at $489, with a DCF intrinsic value of $644 and a margin of safety of 24%. PPG is overvalued at $118, with an intrinsic value of $105 and a margin of safety of -13%. Of the two, BRK-B has the wider margin of safety.

BRK-B
Berkshire Hathaway Inc.
$489.46
VS
PPG
PPG Industries, Inc.
$118.25

Rewards

BRK-B
  • ★Each dollar of retained earnings has created $3.95 of earning power — management is an exceptional capital allocator.
  • ★Net debt/EBITDA of -2.3x means the company holds more cash than debt — a net cash position.
PPG
  • ★PPG Industries, Inc. scores 71/100 on the Economic Moat Score (Wide Moat), with revenue predictability as the strongest competitive dimension.
  • ★Free cash flow has grown at a 34.6% CAGR over the past 4 years, demonstrating strong earnings power growth.
  • ★Each dollar of retained earnings has created $2.81 of earning power — management is an exceptional capital allocator.

Risks

BRK-B
  • ⚠FCF yield of 5.8% suggests reasonable valuation assuming continued moderate growth.
  • ⚠PEG ratio of 10.06 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
PPG

    Key Valuation Metrics

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    BRK-B
    PPG
    Valuation
    $61.23B
    Free Cash Flow
    $1.16B
    5.80%
    FCF Yield
    4.41%
    14.56
    Trailing P/E
    16.92
    22.79
    Forward P/E
    13.65
    Quality & Moat
    4.96%
    ROIC
    10.94%
    10.50%
    ROE
    20.75%
    27.78%
    Gross Margin
    41.69%
    10.06
    PEG Ratio
    1.84
    Balance Sheet Safety
    Net cash
    Net Debt / Equity
    0.74
    N/A
    Interest Coverage
    N/A
    -2.28
    Net Debt / EBITDA
    2.25
    0.00%
    Dividend Yield
    2.35%
    BRK-B: 5Ties: 1PPG: 6
    BRK-BPPG

    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. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    PPG

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    $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
    +$417.89B
    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
    PPG
    $-3.15
    created per $1 retained over 3 years
    Market Cap Declined
    Σ Retained
    $2.11B
    Δ Market Cap
    $-6.67B
    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
    24.0% Margin of Safety
    Price is 24.0% below estimated fair value
    Current Price: $489.46
    Fair Value: $643.73
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued
    PPG
    19.7% Margin of Safety
    Price is 19.7% below estimated fair value
    Current Price: $118.25
    Fair Value: $147.34
    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 $489?

    +0.4%
    Market-Implied Owner Earnings Growth
    Standard FCF implies +1.6%

    The market implies +0.4% Owner Earnings growth, above historical trends.

    Standard FCF implies a demanding +1.6%, reflecting heavy growth investment.

    PPG

    What growth rate is the market pricing in at $118?

    +8.1%
    Market-Implied Owner Earnings Growth
    Standard FCF implies +12.3%

    The market implies +8.1% Owner Earnings growth, below historical trends — potential opportunity.

    Standard FCF implies a more demanding +12.3%, reflecting heavy growth investment expected to generate future returns.

    Economic Moat Score

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    BRK-B
    40/100
    Narrow Moat
    70+ Wide · 40-69 Narrow · <40 None

    Narrow moat with reinvestment efficiency as the key competitive advantage. Improving revenue predictability would strengthen the moat.

    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.
    PPG
    71/100
    Wide Moat
    70+ Wide · 40-69 Narrow · <40 None

    Wide moat driven primarily by revenue predictability. ROIC Consistency is the area most vulnerable to competitive pressure.

    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.
    PPG
    -2.48
    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 67.3%Retail & Other 32.4%
    No. of Institutional Holders5,905
    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.
    PPG
    Insiders 0.1%Institutions 94.9%Retail & Other 5.0%
    No. of Institutional Holders1,421
    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
    1
    Buys (3M)
    1
    Buys (12M)
    Total value (12M): $250,545
    O'SULLIVAN MICHAEL J
    General Counsel
    $250,545
    @ $467.43 · 2026-05-06
    Open market purchases · includes direct & indirect ownership · excludes option exercises
    PPG
    0
    Buys (3M)
    0
    Buys (12M)
    No open market insider purchases found.
    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
    PPG
    0
    Sells (3M)
    5
    Sells (12M)
    Total value (12M): $15.22M
    FOULKES ANNE M.
    Officer
    $447,848
    @ $124.61 · 2026-02-20
    MORALES VINCENT J
    Chief Financial Officer
    $10.23M
    @ $131.00 · 2026-02-13
    MORALES VINCENT J
    Chief Financial Officer
    $3.71M
    @ $125.00 · 2026-02-04
    HAGERTY CHANCEY E.
    Officer
    $260,078
    @ $115.59 · 2026-01-29
    MORALES VINCENT J
    Chief Financial Officer
    $572,000
    @ $110.00 · 2026-01-15
    KNAVISH TIMOTHY M
    Chief Executive Officer
    $568,080
    @ $118.35 · 2025-02-14
    FOULKES ANNE M.
    General Counsel
    $249,713
    @ $125.80 · 2024-10-31
    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
    😏Greed(65/100)

    "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.
    PPG
    FearGreed
    😐Neutral(56/100)

    "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.

    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: Greed (65)
    PPG
    ⚪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 (56)
    View BRK-B Full AnalysisView PPG Full Analysis

    Frequently Asked Questions: BRK-B vs PPG

    Is Berkshire Hathaway Inc. or PPG Industries, Inc. more undervalued in 2026?▼

    Based on our discounted cash flow model, BRK-B trades at a 24.0% margin of safety (intrinsic value $644 vs. price $489), compared to PPG's -12.8% margin of safety (intrinsic $105 vs. $118).

    Which stock has a wider economic moat, Berkshire Hathaway Inc. or PPG Industries, Inc.?▼

    PPG scores 71/100 (Wide moat), while BRK-B scores 40/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

    Is Berkshire Hathaway Inc. in financial distress?▼

    BRK-B's Altman Z-Score of 2.5 places it in the Grey zone, signaling elevated bankruptcy risk. PPG scores 3.6 (Safe zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

    Which company has better free cash flow, Berkshire Hathaway Inc. or PPG Industries, Inc.?▼

    Berkshire Hathaway Inc. (BRK-B) generates a 5.8% free cash flow yield, compared to PPG Industries, Inc.'s 4.4%. A higher FCF yield means the business converts more of its market value into cash that can be returned to shareholders or reinvested.

    Which stock has higher return on invested capital, Berkshire Hathaway Inc. or PPG Industries, Inc.?▼

    PPG earns 10.9% ROIC versus BRK-B's 5.0%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.