Aegon Ltd (AEG) is fairly valued and Berkshire Hathaway Inc (BRK-B) is slightly undervalued.
Against our estimates of intrinsic value, BRK-B trades at the wider discount: a margin of safety of +10%, against +3% for AEG.
Values as of the 22 Sept 2026 close.
Book value at 1.16x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $9.24; the price of $8.95 is 3% below that value.
Leak Score 27/100 on 3 of 12 signals
Book value at 1.63x, the multiple a 12.1% return on equity justifies, blended with earnings, values the shares at $562.02; the price of $503.49 is 10% below that value.
Leak Score 55/100 on 10 of 12 signals
| Metric | AEG | BRK-B |
|---|---|---|
| Verdict | Fairly valued | Slightly undervalued |
| Price | $8.95 | $503.49 |
| Intrinsic value | $9.24 | $562.02 |
| Margin of safety | +3% | +10% |
| Leak Score | 27/100 (3/12) | 55/100 (10/12) |
| Market cap | $13.2B | $968.8B |
| Revenue growth, 5 years | 7.4% | 8.6% |
| Operating margin | 2.5% | 16.3% |
| Net margin | 3.9% | 22.3% |
| Return on equity | 10.6% | 12.1% |
| Debt to equity | 0.43 | 0.17 |
| P/E | 11.9x | 12.7x |
| Forward P/E | 7.7x | 22.7x |
| P/B | 1.3x | 1.4x |
| Dividend yield | 5.6% | — |