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 market "US", market cap "Large $10–200B", Has report: 11 match(Filter löschen).

# Titel Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Analyse FY
1 NetEase Inc NTES · USA $85B
92/100 Exzellent
21.6%low 13.4% 10 yr+ Net cash 57% NetEase, Inc. Deep-Dive-Research15. Juni 2026 · Halten FY2025
2 GlaxoSmithKline PLC ADR GSK · USA $103B
84/100 Exzellent
34.6%low 18.4% 10 yr+ 0.9× 68% GSK plc: Neu aufgebaute Biopharma, im Wettlauf mit der Patentklippe27. Juni 2026 · Halten FY2025
3 Heico Corporation HEI · USA $50B
78/100 Stark
15.7%low 12.8% 10 yr+ 0.5× 41% HEICO Corporation: Eine tiefgehende Analyse15. Juni 2026 · Halten FY2025
4 Toll Brothers Inc TOL · USA $14B
71/100 Stark
15.1%low 9.0% 10 yr+ 0.2× 23% Toll Brothers Tiefgehende Aktienanalyse15. Juni 2026 · Halten FY2025
5 New York Times Company NYT · USA $12B
69/100 Stark
10.6%low 0.5% 10 yr+ Net cash 51% The New York Times: Bündelökonomik zum vollen Preis17. Juni 2026 · Halten FY2025
6 On Holding Ltd ONON · USA $13B
48/100 Eher schwach
1.3%low -20.1% 4 yr Net cash 58% On Holding: Premiumwachstum, eingepreist auf Perfektion17. Juni 2026 · Halten FY2025
7 MercadoLibre Inc. MELI · USA $95B
47/100 Eher schwach
15.4%low -10.9% 5 yr 0.8× 49% MercadoLibre: Eine Anlageanalyse aus der Perspektive eines langfristigen Unternehmenseigentümers22. Mai 2026 · Beobachten FY2025
8 Shopify Inc SHOP · USA $152B
44/100 Eher schwach
-0.3%low -42.0% 3 yr Net cash 52% Shopify: Eine Plattform für Commerce-Infrastruktur23. Mai 2026 · Beobachten FY2025
9 argenx NV ADR ARGX · USA $53B
38/100 Eher schwach
-12.2%low -36.3% 2 yr Net cash 91% argenx (ARGX.US / ARGX.BR): Ein Zen Horizon Bericht9. Juni 2026 · Beobachten FY2025
10 Royal Gold Inc RGLD · USA $17B
37/100 Eher schwach
5.7%low -5.4% 7 yr 0.1× 79% Royal Gold Tiefenanalyse15. Juni 2026 · Halten FY2025
11 Sea Ltd SE · USA $65B
34/100 Schwach
-41.2%low -125.8% 3 yr Net cash 33% Sea Limited (SE.US) Zen Horizon Bericht9. Juni 2026 · Beobachten 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.