Screen · Berkshire Criteria

Buffett Quality Screen

Buffett's "wonderful business" criteria, quantified into six dimensions: earnings record (20), ROE quality (25 — Fortune's double standard), low leverage (15), pricing power (15), business stability (15) and capital efficiency (10), for a 0–100 total. The entry gate is the first of Berkshire's acquisition criteria — at least $50M average pre-tax earnings over the last three fiscal years (banks and insurers excluded, as leverage is their business model; investment trusts and closed-end funds excluded, as they are portfolios rather than operating companies). Recomputed periodically from each company's last ten fiscal years; cross-listings merged by canonical ticker. Hover the score for the six-dimension breakdown; companies we cover link to their report. Gefiltert nach score tier "Schwach", market "Europe (incl. UK)": 34 match(Filter löschen).

#	Titel	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	Analyse	FY
1	Koninklijke Vopak NV VPK · Amsterdam	$6.1B	34/100 Schwach	11.6%low -5.6%	3 yr	0.8×	60%	—	FY2025
2	Trainline Plc TRN · LSE	$1.1B	33/100 Schwach	0.3%low -32.2%	5 yr	1.0×	63%	—	FY2026
3	TotalEnergies SE TTE · Paris	$183B	32/100 Schwach	10.3%low -7.0%	5 yr	0.3×	27%	—	FY2025
4	Subsea 7 S.A. SUBC · OL	$10B	32/100 Schwach	0.7%low -26.1%	5 yr	0.1×	11%	—	FY2025
5	Ferrovial S.A. FER · MC	$44B	31/100 Schwach	9.9%low -13.3%	5 yr	1.1×	22%	—	FY2025
6	Airtel Africa Plc AAF · LSE	$15B	31/100 Schwach	12.0%low -7.6%	2 yr	1.3×	63%	—	FY2026
7	Galapagos N.V. GLPG · Amsterdam	$1.7B	31/100 Schwach	-0.6%low -11.6%	3 yr	Net cash	41%	—	FY2025
8	Repsol S.A. REP · MC	$31B	30/100 Schwach	4.3%low -16.2%	5 yr	0.3×	17%	—	FY2025
9	United Utilities Group PLC UU · LSE	$13B	30/100 Schwach	10.9%low -1.9%	4 yr	4.3×	69%	—	FY2026
10	Argen-X ARGX · BR	$50B	29/100 Schwach	-12.1%low -36.3%	2 yr	Net cash	16%	—	FY2025
11	Babcock International Group PLC BAB · LSE	$7.0B	28/100 Schwach	-68.9%low -846.5%	3 yr	0.6×	21%	—	FY2026
12	Shell plc SHEL · LSE	$238B	27/100 Schwach	7.9%low -14.0%	5 yr	0.4×	11%	—	FY2025
13	Shell PLC SHELL · Amsterdam	$237B	27/100 Schwach	7.9%low -13.9%	5 yr	0.4×	11%	—	FY2025
14	JC Decaux SA DEC · Paris	$5.2B	27/100 Schwach	4.2%low -37.9%	4 yr	1.2×	40%	—	FY2025
15	FirstGroup PLC FGP · LSE	$1.2B	27/100 Schwach	6.5%low -27.0%	2 yr	1.0×	35%	—	FY2026
16	Naturgy Energy Group SA NTGY · MC	$29B	26/100 Schwach	11.0%low -25.8%	5 yr	1.3×	29%	—	FY2025
17	KGHM Polska Miedz SA KGH · WAR	$17B	26/100 Schwach	5.1%low -27.7%	2 yr	0.2×	18%	—	FY2025
18	Telia Company AB TELIA · ST	$19B	25/100 Schwach	0.2%low -35.8%	3 yr	1.8×	39%	—	FY2025
19	Getlink SE GET · Paris	$11B	25/100 Schwach	5.2%low -17.4%	4 yr	1.3×	44%	—	FY2025
20	Flughafen Zurich FHZN · SW	$9.2B	24/100 Schwach	8.2%low -3.0%	4 yr	0.4×	41%	—	FY2025
21	Centrica PLC CNA · LSE	$8.9B	23/100 Schwach	3.9%low -79.5%	0 yr	Net cash	22%	—	FY2025
22	Hochschild Mining plc HOC · LSE	$2.9B	23/100 Schwach	6.9%low -9.0%	2 yr	0.0×	31%	—	FY2025
23	Lagardere SCA MMB · Paris	$2.8B	23/100 Schwach	0.0%low -91.0%	4 yr	5.1×	19%	—	FY2025
24	Fidelity Emerging Markets Ord FEML · LSE	$691M	23/100 Schwach	1.5%low -62.4%	3 yr	—	-92%	—	FY2025
25	Diversified Energy Company PLC DEC · LSE	$886M	22/100 Schwach	14.4%low -50.2%	1 yr	3.0×	39%	—	FY2025
26	Engie S.A. ENGI · Paris	$74B	21/100 Schwach	4.1%low -6.9%	5 yr	1.2×	23%	—	FY2025
27	Endeavour Mining Corp EDV · LSE	$11B	20/100 Schwach	-5.4%low -22.8%	1 yr	0.1×	36%	—	FY2025
28	Aeroports de Paris SA ADP · Paris	$13B	17/100 Schwach	5.2%low -32.0%	4 yr	1.9×	46%	—	FY2025
29	Deutsche Lufthansa AG LHA · XETRA	$12B	17/100 Schwach	-41.4%low -499.3%	4 yr	0.5×	6%	—	FY2025
30	Hammerson PLC HMSO · LSE	$2.6B	17/100 Schwach	-10.2%low -54.1%	1 yr	0.6×	68%	—	FY2025
31	J D Wetherspoon PLC JDW · LSE	$1.1B	17/100 Schwach	3.7%low -63.7%	5 yr	3.1×	8%	—	FY2025
32	International Consolidated Airlines Group S.A IAG · LSE	$24B	16/100 Schwach	-57.7%low -529.4%	4 yr	0.8×	10%	—	FY2025
33	Air France-KLM SA AF · Paris	$3.4B	9/100 Schwach	-3.6%^‡low -98.7%	4 yr	—	23%	—	FY2025
34	Carnival PLC CCL · LSE	$34B	6/100 Schwach	-12.4%low -86.3%	2 yr	2.1×	7%	—	FY2025

Data and methodology: the six dimensions quantify Berkshire's published acquisition criteria and Buffett's shareholder letters (1981/1987/1991/2007 among others). Qualitative tests in the originals (e.g. "simple, understandable business", "management in place") are out of scope, and price ("available at a fair price") is covered by each report's valuation range instead. Financials come from company annual reports (via EODHD); ratios are computed in reporting currency, the USD gate via static FX. "‡" marks companies whose equity is persistently negative or tiny (ROE falls back to ROCE); "†" marks missing gross profit (operating margin used). Investment trusts and closed-end funds are excluded on two tests — name and financial shape (operating margins beyond what an operating company can achieve); REITs and operating asset managers are unaffected. This is a quantitative first pass, not investment advice. When citing this data, please credit Zen Horizon (zh.app). See our methodology for the scoring process.