For most people, a few hundred dollars per share is already steep. But in the elite corners of Wall Street, certain stocks have climbed into the tens or even hundreds of thousands of dollars, without undergoing splits. These ultra-high-priced shares tell a story of long-term growth, strategic scarcity, and brand dominance. But does a high price tag always reflect true value? Let’s explore the world’s most expensive stocks ever sold, and the financial philosophies that keep them climbing.
Key Takeaways
- 1Berkshire Hathaway Class A holds the title for the most expensive stock ever, priced at $730,939.90 per share in 2025.
- 2Stocks like Lindt & Sprüngli, NVR, and Seaboard Corp maintain high prices due to deliberate no-split policies and limited public float.
- 3A high share price does not mean a company is more valuable; it reflects share structure, not necessarily market cap.
- 4Some companies use expensive shares to target long-term investors and reduce speculative trading.
- 5Fractional shares and stock splits now allow wider accessibility, making price less of a barrier for average investors.
The Real Reason Behind Sky-High Share Prices
The term “expensive” in stock markets often refers to per-share price, not total value. A stock priced at $7,000 may actually belong to a company smaller than one trading at $50, if the former has fewer outstanding shares.
Most companies periodically issue stock splits to make shares affordable and improve liquidity. But some, like Berkshire Hathaway, deliberately avoid splits, resulting in a skyrocketing nominal price over time.
A high price per share can:
- Reflects long-term business growth
- May reduce speculative trading
- Appeals to long-term investors
However, it can also intimidate retail investors, unless fractional shares are available.
Top 5 Most Expensive Stocks Ever Sold
These stocks have reached record-breaking per-share prices due to a combination of strategic no-split policies, strong fundamentals, and limited public float. While high prices don’t always indicate higher value, they often reflect decades of consistent growth and investor confidence.
| Rank | Company | Price | Country | Industry | Why It’s Expensive |
| 1 | Berkshire Hathaway (A) | $730,940.90 | United States | Conglomerate | No stock splits, long-term compounding, limited share count, Buffett’s investor base |
| 2 | Lindt & Sprüngli | CHF 132,200 ($165,431.78) | Switzerland | Premium Chocolate (F&B) | Luxury branding, exclusive share structure, no splits, strong institutional backing |
| 3 | NVR, Inc. | $7,375.51 | United States | Residential Construction | No-split policy, efficient capital use, small float, strong fundamentals |
| 4 | Booking Holdings | $5,693.13 | United States | Online Travel Services | Global brand dominance, high margins, minimal splits, strong post-COVID rebound |
| 5 | Seaboard Corporation | $2,843.29 | United States | Agribusiness & Marine Transport | Low public float, conservative strategy, long-term earnings stability |
1. Berkshire Hathaway (Class A)
Berkshire Hathaway’s Class A shares are the most expensive in history, symbolizing Warren Buffett’s long-term, no-split investment philosophy. The stock reflects decades of disciplined growth, compounding returns, and investor trust in one of the world’s most diversified conglomerates.
- 💰 Price: $730,939.90
- 🌍 Country: United States
- 🏢 Industry: Conglomerate (Finance, Insurance, Railroads, Energy)
- 📈 Why It’s Expensive: Berkshire Hathaway’s Class A stock has never been split, reflecting Warren Buffett’s commitment to long-term investing and discouraging short-term trading. Its consistent reinvestment strategy, compounding returns since the 1960s, and a highly limited share count have driven its per-share price to the highest in history.
2. Lindt & Sprüngli
Lindt & Sprüngli’s sky-high share price reflects its reputation as a premium chocolate leader with limited share accessibility. Its exclusive participation certificates and no-split approach maintain an air of scarcity and institutional appeal.
- 💰 Price: CHF 132,200 ($165,431.78)
- 🌍 Country: Switzerland
- 🏢 Industry: Food & Beverage (Premium Chocolate)
- 📈 Why It’s Expensive: Lindt & Sprüngli maintains an elite market position through high-end branding, limited share issuance, and a refusal to split its stock, which has led to significant price appreciation. Its exclusive participation certificates and consistent financial performance continue to attract long-term institutional investors.
3. NVR, Inc.
NVR is a homebuilding company known for its capital-efficient model and consistent earnings, with a share price that reflects decades of unsplit growth. The company’s refusal to split its stock and small float has helped keep its price per share elevated.
- 💰 Price: $7,375.51
- 🌍 Country: United States
- 🏢 Industry: Residential Construction
- 📈 Why It’s Expensive: NVR’s high stock price is a result of its no-split policy, capital-efficient business model, and limited share count. The company avoids land ownership risks by using purchase agreements, which have helped deliver strong returns and maintain a premium per-share valuation.
4. Booking Holdings
Booking Holdings has historically maintained one of the highest stock prices on the NASDAQ, driven by its global leadership in online travel, high-margin operations, and a preference for avoiding stock splits.
- 💰 Price: $5,693.13
- 🌍 Country: United States
- 🏢 Industry: Online Travel Services
- 📈 Why It’s Expensive: Booking Holdings commands a high share price thanks to its global dominance in online travel, premium brand portfolio, and history of avoiding frequent stock splits. Post-pandemic recovery and strong demand have also fueled significant growth in valuation.
5. Seaboard Corporation
Seaboard Corporation’s stock has consistently ranked among the highest-priced U.S. equities, due to its low public float, conservative financial approach, and diversified operations across agribusiness and marine transport.
- 💰 Price: $2,843.29
- 🌍 Country: United States
- 🏢 Industry: Agribusiness & Marine Transport
- 📈 Why It’s Expensive: Seaboard’s stock price remains high due to its tightly held shares, limited public float, and a diversified yet under-the-radar business model. Its long-term earnings stability and conservative financial strategy make it appealing to serious, long-term investors.
Why Some Companies Avoid Stock Splits
While most companies split their stocks to attract retail investors and improve liquidity, a select few deliberately choose not to split, and it’s a calculated move. These firms typically focus on long-term shareholder value, aiming to reduce speculative trading by keeping their share prices high and discouraging short-term investors.
Warren Buffett has famously argued that splitting Berkshire Hathaway’s Class A shares would invite more volatility and potentially dilute the seriousness of its shareholder base. Similarly, companies like NVR and Lindt & Sprüngli maintain a limited public float, which can reduce share volatility and tighten ownership control. This scarcity may foster a sense of exclusivity among investors, though price growth depends on many other market and business factors.
This approach allows companies to:
- Attract buy-and-hold investors
- Minimize short-term trading noise
- Reinforce a premium brand or business image
- Retain tight control over the investor base
In essence, avoiding stock splits becomes a tool for maintaining quality over quantity when it comes to shareholder engagement.
Are Expensive Stocks Better Investments?
A high share price may look impressive, but it doesn’t automatically mean a stock is a better investment. What truly matters is the underlying value, factors like revenue growth, earnings consistency, market dominance, and sound management. For example, Berkshire Hathaway’s $730,000+ price tag reflects long-term performance, not just scarcity. In contrast, a company with a low share price might deliver stronger returns if it’s fundamentally undervalued.
What often separates high-priced stocks is their ability to compound value over time without relying on hype or splits. However, these stocks aren’t always accessible to retail investors unless platforms offer fractional shares or lower-tier classes (like Berkshire’s Class B). In today’s market, it’s less about sticker price and more about investor strategy and structure.
Conclusion: Big Price, Bigger Picture
The world’s most expensive stocks aren’t just about prestige; they’re signals of long-term business discipline, brand strategy, and investor philosophy. While high share prices can reflect decades of growth and value creation, they aren’t the only indicator of a good investment. In the end, smart investors look beyond the sticker and focus on what truly matters: performance, fundamentals, and strategic potential.
