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. Filtered by score tier "Elite", market "Europe (incl. UK)", market cap "Large $10–200B": 34 match(clear filters).

# Ticker Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Report FY
1 Hermes International SCA RMS · Paris $173B
93/100 Elite
24.9%low 18.8% 10 yr+ Net cash 68% FY2025
2 Deutsche Börse AG DB1 · XETRA $51B
92/100 Elite
18.7%low 16.8% 10 yr+ Net cash 59% FY2025
3 Adyen NV ADYEN · Amsterdam $30B
91/100 Elite
23.4%low 18.3% 10 yr+ Net cash 72% FY2025
4 Orion Oyj B ORNBV · HE $12B
90/100 Elite
33.1%low 24.4% 10 yr+ 0.1× 60% FY2025
5 Schindler Ps SCHP · SW $35B
89/100 Elite
21.3%low 14.1% 10 yr+ Net cash 40% FY2025
6 Epiroc AB (publ) EPI-A · ST $32B
89/100 Elite
25.3%low 20.4% 10 yr+ 0.2× 37% FY2025
7 EMS-CHEMIE HOLDING AG EMSN · SW $24B
88/100 Elite
29.1%low 25.1% 10 yr+ Net cash 39% FY2025
8 Belimo Holding BEAN · SW $13B
88/100 Elite
22.5%low 17.7% 10 yr+ Net cash 44% Belimo Holding: A Premium HVAC Compounder Priced for an AI-Cooling RunwayJun 27, 2026 · Watch FY2025
9 Atlas Copco AB Series A ATCO-A · ST $105B
87/100 Elite
30.6%low 22.5% 10 yr+ 0.2× 41% FY2025
10 KONE Oyj KNEBV · HE $28B
87/100 Elite
31.8%low 27.3% 10 yr+ Net cash 29% FY2025
11 Geberit AG GEBN · SW $22B
87/100 Elite
38.1%low 28.7% 10 yr+ 0.5× 69% FY2025
12 Coloplast A/S COLO-B · CO $15B
87/100 Elite
48.7%low 22.6% 10 yr+ 1.3× 68% FY2025
13 Sage Group PLC SGE · LSE $11B
87/100 Elite
24.2%low 15.0% 10 yr+ 1.7× 89% FY2025
14 Givaudan SA GIVN · SW $38B
86/100 Elite
20.9%low 17.9% 10 yr+ 0.8× 42% Givaudan SA (GIVN.SW) Zen Horizon Research ReportJun 8, 2026 · Watch FY2025
15 BE Semiconductor Industries NV BESI · Amsterdam $24B
86/100 Elite
35.2%low 19.0% 10 yr+ Net cash 59% In-Depth Value Analysis of Besi, a Back-End Advanced Packaging Equipment LeaderJun 4, 2026 · Watch FY2025
16 Industria de Diseno Textil SA ITX · MC $183B
85/100 Elite
23.9%low 7.6% 10 yr+ Net cash 56% FY2026
17 Halma PLC HLMA · LSE $17B
85/100 Elite
16.7%low 14.7% 10 yr+ 0.4× 49% FY2026
18 Wolters Kluwer N.V. WKL · Amsterdam $16B
85/100 Elite
39.3%low 18.7% 10 yr+ 5.3× 70% FY2025
19 Logitech International S.A. LOGN · SW $15B
85/100 Elite
26.9%low 16.1% 10 yr+ Net cash 40% FY2026
20 Relx PLC REL · LSE $58B
84/100 Elite
54.4%low 43.3% 10 yr+ 3.0× 65% FY2025
21 Diageo PLC DGE · LSE $46B
84/100 Elite
34.7%low 20.8% 10 yr+ 2.0× 61% Diageo: Cyclical Trough and Structural Erosion Are Both Real, and at 16.435 Pounds the Discount Is Not Yet Wide EnoughJul 31, 2026 · Hold FY2025
22 Legrand SA LR · Paris $37B
84/100 Elite
16.0%low 13.9% 10 yr+ 0.6× 52% FY2025
23 Sonova H Ag SOON · SW $17B
84/100 Elite
21.5%low 16.3% 10 yr+ 0.4× 71% FY2026
24 Euronext N.V. ENX · Paris $16B
84/100 Elite
21.4%low 11.2% 10 yr+ 0.4× 76% FY2025
25 Unilever PLC ULVR · LSE $130B
83/100 Elite
39.4%low 28.7% 10 yr+ 1.6× 43% Unilever: Q2 Volume Grew 5.5%, the Strongest Quarter in More Than a Decade, but 47.43 Pounds Leaves No Margin of SafetyAug 3, 2026 · Hold FY2025
26 Ferguson Plc FERG · LSE $43B
83/100 Elite
30.0%low 22.0% 10 yr+ 0.9× 30% FY2025
27 Dassault Systemes SE DSY · Paris $28B
83/100 Elite
12.4%low 9.7% 10 yr+ Net cash 84% Dassault Systèmes: A Zen Horizon Framework Deep-Dive Research ReportJun 4, 2026 · Watch FY2025
28 BAE Systems plc BA · LSE $78B
82/100 Elite
20.8%low 14.2% 10 yr+ 0.5× 41% BAE Systems: The Portfolio Moat Is Genuine, but at 20.27 GBP the Rerating Has Already Outrun Earnings GrowthJul 30, 2026 · Hold FY2025
29 Experian PLC EXPN · LSE $31B
82/100 Elite
27.3%low 20.1% 10 yr+ 0.9× 42% FY2026
30 Knorr-Bremse AG KBX · XETRA $18B
81/100 Elite
25.5%low 14.6% 10 yr+ 0.4× 49% FY2025
31 Sika AG SIKA · SW $37B
80/100 Elite
22.8%low 15.7% 10 yr+ 0.7× 45% Sika AG: Quality Compounder in a Cyclical Air PocketJun 27, 2026 · Hold FY2025
32 Straumann Holding AG STMN · SW $20B
80/100 Elite
21.3%low 7.6% 10 yr+ 0.1× 74% Straumann Holding AG: Dental Platform Leader at a Demanding PriceJun 27, 2026 · Hold FY2025
33 Evolution AB (publ) EVO · ST $15B
80/100 Elite
34.7%low 10.4% 10 yr+ Net cash 100% FY2025
34 Schroders PLC SDR · LSE $12B
80/100 Elite
12.9%low 9.2% 10 yr+ Net cash 77% 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.