Top 10 Highest-Priced Stocks: What Is the Most Expensive Stock Right Now?

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Expensive is a relative term when discussing the stock market. Many investors measure a share’s cost by the stock’s price relative to its earnings or sales.

However, some become drawn to a company’s shares merely because of the quoted price. One stock has become so expensive that a single share is worth more than a house in many parts of the country. Although it might be hard to comprehend how a piece of paper could carry such value, a stock’s price may not represent the value of a company as well as some might assume.

What Is the Highest Stock Price Right Now?

As mentioned before, investors can determine the highest-priced stock in multiple ways. For this article, GOBankingRates defined “expensive” by the quoted stock price.

The most expensive stock in terms of the stock price is an A share of Berkshire Hathaway (NYSE: BRK.A). This stock trades at over $310,000 per share as of Nov. 3. Warren Buffett, the company’s longtime owner, is the one who helped take these shares to such heights.

About Berkshire Hathaway

Berkshire Hathaway calls itself an insurer, but it also encompasses many different types of businesses. Many know it for its stock holdings. These consist of a portfolio of well-known companies, with Apple constituting its largest holding.

Berkshire also has purchased many privately held companies that operate under the Berkshire umbrella. Nebraska Furniture Mart, Justin Boots and See’s Candies are examples of such enterprises.

Berkshire Hathaway Stock

Berkshire Hathaway stock has reached its price for two primary reasons. One is earnings growth. Stocks tend to trade at a multiple of their earnings. Over time, Berkshire has experienced massive growth.

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In 1965, the company reported gains of just under $4.85 million. By 2019, the company reported net earnings of more than $81.4 billion, or $49,828 per share. This means that profits increased almost 17,000-fold between 1965 and 2019.

The second reason is Buffett’s aversion to stock splits. As the term implies, a stock split divides the shares into multiple pieces. Say, for example, you own 100 shares of Company X at $100 per share. If that company instituted a four-for-one stock split, shares would separate into four equal parts. This would give you 400 shares of Company X at $25 per share.

Good To Know

Berkshire’s A shares have never split. However, to attract small investors, the company introduced B shares (NYSE: BRK.B). Today, a B share is 1/1,500 the size of an A share. Nonetheless, at its current price of just over $200 per share, smaller shareholders often invest in the company through these B shares.

What Are the Top 10 Most Expensive Stocks?

Berkshire Hathaway is far from the only stock that has risen to a high share price. These are the most expensive stock shares as measured by the Nov. 3 closing price per share, rounded to the nearest dollar.

Berkshire Hathaway (A Shares) (BRK.A)

  • Price: $310,659 per share
  • Market Capitalization: $487.9 billion
  • Net Income (2019): $81.4 billion, or $49,828 per share
  • Services Provided: Insurer, holding company
  • Competitors and Similar Companies: Allstate, Progressive

NVR Inc. (NVR)

  • Price: $4,115 per share
  • Market Capitalization: $14.9 billion
  • Net Income (2019): $878.5 million, or $221.13 per diluted share
  • Services Provided: Homebuilding, mortgage banking
  • Competitors and Similar Companies: D.R. Horton, Lennar

Seaboard Corp. (SEB)

  • Price: $3,520 per share
  • Market Capitalization: $4.02 billion
  • Net Income (2019): $283 million, or $242.78 per share
  • Services Provided: Food, shipping, commodity trading
  • Competitors and Similar Companies: Bunge, Tassal Group

Amazon.com (AMZN)

  • Price: $3,050 per share
  • Market Capitalization: $1.51 trillion
  • Net Income (2019): $11.59 billion, or $23.01 per diluted share
  • Services Provided: E-commerce, cloud computing
  • Competitors and Similar Companies: Walmart, Alibaba

Cable One Inc. (CABO)

  • Price: $1,792 per share
  • Market Capitalization: $10.6 billion
  • Net Income (2019): $178.58 million, or $31.12 per diluted share
  • Services Provided: Broadband communications
  • Competitors and Similar Companies: WideOpenWest, Consolidated Communications Holdings

Booking Holdings Inc., Formerly Priceline (BKNG)

  • Price: $1,668 per share
  • Market Capitalization: $65.69 billion
  • Net Income (2019): $4.87 billion, or $111.82 per diluted share
  • Services Provided: Online travel services
  • Competitors and Similar Companies: Expedia, TripAdvisor

Alphabet Inc. (C Shares), Formerly Google Inc. (GOOG)

  • Price: $1,646 per share
  • Market Capitalization: $1.1 trillion
  • Net Income (2019): $34.34 billion, or $49.16 per diluted share
  • Services Provided: Search, advertising, social media platforms
  • Competitors and Similar Companies: Microsoft, Baidu

Alphabet Inc. (A Shares), Formerly Google Inc. (GOOGL)

  • Price: $1,643 per share
  • Market Capitalization: $1.1 trillion
  • Net Income (2019): $34.34 billion, or $49.16 per diluted share
  • Services Provided: Search, advertising, social media platforms
  • Competitors and Similar Companies: Microsoft, Baidu

Chipotle Mexican Grill Inc. (CMG)

  • Price: $1,205 per share
  • Market Capitalization: $33.26 billion
  • Net Income (2019): $350.16 million, or $12.38 per diluted share
  • Services Provided: Fast-casual dining
  • Competitors and Similar Companies: BJ’s Restaurants, Noodles & Co.

AutoZone Inc. (AZO)

  • Price: $1,165 per share
  • Market Capitalization: $26.45 billion
  • Net Income (2019): $1.62 billion, or $63.43 per diluted share
  • Services Provided: Auto parts retailer
  • Competitors and Similar Companies: Advance Auto Parts, O’Reilly Automotive

Investing In Expensive Stocks

At first glance, investing in expensive stocks might seem out of reach to the average investor.

Indeed, in previous decades, stocks might split to attract average investors. They might also split to earn a place or stay on the Dow Jones index. Because the Dow is price-weighted, shares with high prices can wield a disproportionate influence on the index, prompting the Dow to drop the company to keep the index in balance. Many believe that was one major factor in Apple’s recent four-for-one stock split.

Keep in Mind

Thanks to trading apps such as Robinhood, however, smaller investors can now buy fractional shares. Hence, splits may become more infrequent than in previous decades.

Moreover, investors tend to evaluate stock prices relative to earnings. Given this measure, investors might happily pay $310,659 per share when it produces nearly $50,000 per share in returns each year. Conversely, $1,205 per share for Chipotle may appear expensive compared to its earnings of just over $12 per share.

It’s important to remember that while a high share price might result from significant growth in the past, it’s not always a reliable indicator of a stock to buy for the future.

Stock data is accurate as of Nov. 3, 2020, and is subject to change.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Will Healy is a freelance business and financial writer based in the Dallas area. He has covered a variety of finance and news-based topics, including the stock market, real estate, insurance, personal finance, macroeconomics, and politics. Will holds a Bachelor of Science in Journalism from Texas A&M University, a Master of Science in Geography from the University of North Texas, and a Master of Business Administration from the University of Texas at Dallas.

Top 10 Highest-Priced Stocks: What Is the Most Expensive Stock Right Now?
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