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 "Eher schwach", market "Europe (incl. UK)", market cap "Large $10–200B": 28 match(Filter löschen).

#	Titel	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	Analyse	FY
1	Rolls-Royce Holdings PLC RR · LSE	$154B	49/100 Eher schwach	36.9%^‡low 3.6%	3 yr	Net cash	17%	—	FY2025
2	Safran SA SAF · Paris	$151B	49/100 Eher schwach	16.0%low -23.6%	1 yr	Net cash	44%	—	FY2025
3	Heineken Holding NV HEIO · Amsterdam	$22B	49/100 Eher schwach	16.9%low -1.3%	5 yr	1.8×	37%	—	FY2025
4	Investor AB ser. B INVE-B · ST	$135B	47/100 Eher schwach	12.7%low -12.4%	3 yr	0.1×	99%	—	FY2025
5	Rexel S.A RXL · Paris	$11B	46/100 Eher schwach	6.9%low -6.9%	5 yr	0.8×	25%	—	FY2025
6	Iberdrola S.A. IBE · MC	$149B	45/100 Eher schwach	9.8%low 7.3%	10 yr+	1.1×	46%	—	FY2025
7	Yara International ASA YAR · OL	$12B	45/100 Eher schwach	8.6%low 0.2%	10 yr+	0.5×	26%	—	FY2025
8	Antofagasta PLC ANTO · LSE	$46B	44/100 Eher schwach	9.7%low 1.8%	10 yr+	0.3×	45%	—	FY2025
9	Heidelberg Materials AG HEI · XETRA	$31B	44/100 Eher schwach	6.1%low -15.8%	5 yr	0.3×	58%	—	FY2025
10	Orange S.A. ORA · Paris	$48B	43/100 Eher schwach	7.6%low 0.9%	10 yr+	1.4×	36%	—	FY2025
11	Veolia Environnement VE SA VIE · Paris	$27B	43/100 Eher schwach	9.4%low 1.2%	10 yr+	1.7×	17%	—	FY2025
12	Aena SA AENA · MC	$43B	42/100 Eher schwach	16.1%low -7.8%	4 yr	0.5×	58%	—	FY2025
13	Uniper SE UN0 · XETRA	$19B	42/100 Eher schwach	-47.1%low -453.4%	3 yr	Net cash	2%	—	FY2025
14	Aker BP ASA AKRBP · OL	$23B	41/100 Eher schwach	10.9%low 1.2%	10 yr+	0.4×	59%	—	FY2025
15	Klepierre SA LI · Paris	$12B	41/100 Eher schwach	6.6%low -9.6%	5 yr	0.9×	76%	—	FY2025
16	Severn Trent PLC SVT · LSE	$12B	41/100 Eher schwach	16.9%low -6.9%	4 yr	5.5×	56%	—	FY2026
17	Equinor ASA EQNR · OL	$99B	40/100 Eher schwach	14.2%low -16.2%	5 yr	Net cash	41%	—	FY2025
18	E.ON SE EOAN · XETRA	$53B	40/100 Eher schwach	28.0%low 3.7%	9 yr	1.9×	19%	—	FY2025
19	InterContinental Hotels Group PLC IHG · LSE	$30B	40/100 Eher schwach	51.3%^‡low -18.0%	5 yr	—	29%	—	FY2025
20	Siemens Energy AG ENR · XETRA	$135B	39/100 Eher schwach	-3.2%low -53.3%	2 yr	Net cash	12%	—	FY2025
21	Telefonaktiebolaget LM Ericsson (publ) ERIC-B · ST	$33B	39/100 Eher schwach	1.5%low -35.4%	2 yr	Net cash	38%	—	FY2025
22	Vestas Wind Systems A/S VWS · CO	$27B	38/100 Eher schwach	10.7%low -51.6%	3 yr	Net cash	13%	—	FY2025
23	Koninklijke Philips NV PHIA · Amsterdam	$24B	38/100 Eher schwach	6.3%low -12.1%	1 yr	0.5×	44%	—	FY2025
24	MTU Aero Engines AG MTX · XETRA	$21B	38/100 Eher schwach	14.6%low -3.6%	2 yr	0.0×	15%	—	FY2025
25	Allegro.eu S.A. ALE · WAR	$12B	38/100 Eher schwach	3.6%low -21.3%	3 yr	0.2×	80%	—	FY2025
26	Galp Energia SGPS S.A. GALP · LS	$17B	37/100 Eher schwach	13.6%low -17.4%	5 yr	—	10%	—	FY2025
27	Carlsberg A/S CARL-B · CO	$19B	36/100 Eher schwach	-2.5%low -175.6%	2 yr	2.2×	47%	—	FY2025
28	Neste Oil Oyj NESTE · HE	$25B	35/100 Eher schwach	17.1%low -1.3%	1 yr	0.5×	14%	—	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.