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 "Poor", market cap "Large $10–200B", Has report: 41 match(clear filters).

# Ticker Mkt Cap Score▼ 10Y ROE Profit Streak Net Debt/Eq Gross Margin Report FY
1 Sea Ltd SE · US $65B
34/100 Poor
-41.2%low -125.8% 3 yr Net cash 33% Sea Limited (SE.US) Zen Horizon ReportJun 9, 2026 · Watch FY2025
2 Ferrovial SE FER · US $47B
34/100 Poor
11.3%low -13.3% 5 yr 1.1× 98% Ferrovial NV In-Depth Value Research ReportMay 22, 2026 · Watch FY2025
3 MGM Resorts International MGM · US $12B
34/100 Poor
17.6%low -15.9% 5 yr 22.3× 44% MGM Resorts International: A Deep Value Investment StudyMay 31, 2026 · Watch FY2025
4 Uber Technologies Inc UBER · US $143B
33/100 Poor
-15.4%low -124.5% 3 yr 0.2× 44% Uber Technologies Deep Value ResearchMay 25, 2026 · Watch FY2025
5 Williams Companies Inc WMB · US $87B
33/100 Poor
11.6%low -9.1% 7 yr 2.3× 52% The Williams Companies: A Long-Term Owner's PerspectiveMay 26, 2026 · Watch FY2025
6 MACOM Technology Solutions Holdings Inc MTSI · US $19B
33/100 Poor
-10.8%low -123.2% 0 yr Net cash 48% MACOM Technology Research from a Long-Term Owner's PerspectiveJun 3, 2026 · Watch FY2025
7 Robinhood Markets Inc HOOD · US $78B
32/100 Poor
-7.0%low -50.6% 2 yr 0.5× 75% Robinhood Markets Deep Value ResearchMay 26, 2026 · Watch FY2025
8 Kuaishou Technology 1024 · HK $24B
32/100 Poor
-108.0%‡low -585.3% 3 yr Net cash 43% Kuaishou Technology: A Deep DiveJun 14, 2026 · Cautious Buy FY2025
9 Subsea 7 S.A. SUBC · OL $10B
32/100 Poor
0.7%low -26.1% 5 yr 0.1× 11% Subsea 7 (SUBC.OL) Zen Horizon Research ReportJun 9, 2026 · Watch FY2025
10 ConocoPhillips COP · US $147B
31/100 Poor
12.3%low -10.3% 5 yr 0.3× 21% ConocoPhillips: A Long-Term Owner's PerspectiveMay 25, 2026 · Watch FY2025
11 Entergy Corporation ETR · US $50B
31/100 Poor
8.4%low -6.8% 9 yr 1.7× 37% Entergy: A Research Report Through a Long-Term Corporate Owner's LensMay 27, 2026 · Watch FY2025
12 Halliburton Company HAL · US $27B
31/100 Poor
-1.7%low -61.4% 5 yr 0.6× 21% Halliburton: A Deep Dive on Long-Term ValueMay 28, 2026 · Watch FY2025
13 Expand Energy Corporation EXE · US $22B
31/100 Poor
20.9%low -7.1% 1 yr 0.2× 27% Expand Energy Corporation In-Depth Value Investment ResearchMay 29, 2026 · Watch FY2025
14 Newmont Goldcorp Corp NEM · US $99B
28/100 Poor
5.4%low -8.7% 2 yr Net cash 25% Newmont Through a Long-Term Owner's LensMay 25, 2026 · Watch FY2025
15 Constellation Energy Corp CEG · US $94B
28/100 Poor
9.6%low -1.8% 3 yr 0.4× 23% Constellation Energy: A Long-Term Value Investing Deep DiveMay 19, 2026 · Watch FY2025
16 Hygon Information Technology Co. Ltd. A 688041 · Shanghai $90B
28/100 Poor
6.3%low -0.8% 5 yr — 57% Hygon Information In-Depth ResearchJun 11, 2026 · Hold FY2025
17 Bristol-Myers Squibb Company BMY · US $133B
27/100 Poor
10.5%low -54.8% 1 yr 2.0× 63% Bristol-Myers Squibb: A Deep Value-Investing StudyMay 24, 2026 · Watch FY2025
18 Cheniere Energy Inc LNG · US $54B
27/100 Poor
14.8%‡low -3.0% 4 yr 3.4× 31% Cheniere Energy Zen Horizon Framework Deep-Dive ResearchJun 8, 2026 · Hold FY2025
19 Samsung Biologics Co Ltd 207940 · Korea $46B
27/100 Poor
6.8%low -4.3% 8 yr — 38% Samsung Biologics (207940) Zen Horizon Framework Deep Dive: A Global CDMO Champion Newly Purified by Spin-Off, Where an Excellent Business Meets a Rich Price and Unproven BIOSECURE UpsideJun 5, 2026 · Hold FY2025
20 Kinross Gold Corporation KGC · US $28B
27/100 Poor
8.3%low -10.4% 3 yr Net cash 29% Kinross Gold: A Gold-Levered Cash Machine in Transition, but at 23.50 USD the Unresolved Cost Gap Leaves No Margin of SafetyJul 30, 2026 · Hold FY2025
21 Live Nation Entertainment Inc LYV · US $41B
26/100 Poor
-127.0%low -1243.4% 4 yr 1.8× 26% Live Nation Entertainment: A Long-Term Business Owner's PerspectiveMay 27, 2026 · Watch FY2025
22 AngloGold Ashanti plc AU · US $40B
26/100 Poor
10.5%low -6.3% 2 yr Net cash 29% AngloGold Ashanti: A Re-Rated Major Gold Miner in Transition, Cash-Rich but Reserve-Light and Priced Near Fair ValueJun 25, 2026 · Hold FY2025
23 Carpenter Technology Corporation CRS · US $26B
26/100 Poor
6.7%low -16.5% 4 yr 0.1× 17% Carpenter Technology: A Long-Term Owner's ViewJun 3, 2026 · Watch FY2026
24 Host Hotels & Resorts Inc HST · US $17B
26/100 Poor
7.6%low -11.6% 4 yr 0.7× 45% Host Hotels & Resorts Deep Value Investment ResearchMay 30, 2026 · Watch FY2025
25 Freeport-McMoran Copper & Gold Inc FCX · US $91B
25/100 Poor
7.3%low -65.4% 6 yr 0.4× 25% Freeport-McMoRan: A Long-Term Owner's PerspectiveMay 26, 2026 · Watch FY2025
26 Allegheny Technologies Incorporated ATI · US $26B
25/100 Poor
-20.0%low -301.8% 5 yr 0.8× 15% ATI: A Long-Term Owner's PerspectiveJun 3, 2026 · Watch FY2025
27 Energy Transfer LP ET · US $70B
24/100 Poor
9.6%low -3.5% 5 yr 2.0× 19% Energy Transfer LP: A Discounted Midstream Cash Cow Turning Its Asset Empire Into Disciplined Gas-Led GrowthJun 21, 2026 · Hold FY2025
28 First Solar Inc FSLR · US $23B
24/100 Poor
4.8%low -8.0% 3 yr Net cash 25% First Solar: A Deep Value-Investing AnalysisMay 28, 2026 · Watch FY2025
29 Eversource Energy ES · US $27B
23/100 Poor
7.1%low -3.1% 2 yr 1.9× 44% Eversource Energy: A Long-Term Business Owner's Deep DiveMay 28, 2026 · Watch FY2025
30 Pan American Silver Corp. PAAS · US $18B
23/100 Poor
3.0%low -15.5% 2 yr Net cash 19% Pan American Silver: Juanicipio Upgrades the Silver Book, But $44 Already Pays for the TransitionJun 25, 2026 · Hold FY2025
31 Public Service Enterprise Group Inc PEG · US $38B
22/100 Poor
9.4%low -4.5% 4 yr 1.4× 38% PEG Long-Term Value Investment ReportMay 27, 2026 · Watch FY2025
32 EQT Corporation EQT · US $33B
22/100 Poor
-1.1%low -20.5% 4 yr 0.3× 43% EQT Corporation: A Long-Term Value Investing Deep DiveMay 20, 2026 · Watch FY2025
33 Southwest Airlines Company LUV · US $22B
21/100 Poor
10.3%low -34.6% 5 yr 0.3× 19% Southwest Airlines Co.: A Value-Investing Deep DiveMay 29, 2026 · Watch FY2025
34 Coeur Mining Inc CDE · US $15B
21/100 Poor
-4.6%low -51.2% 2 yr Net cash 31% Coeur Mining: A Stronger Seven-Mine Platform, No Longer Cheap Enough to Ignore the CycleJul 2, 2026 · Hold FY2025
35 APA Corporation APA · US $13B
21/100 Poor
6.3%low -108.0% 5 yr 0.7× 38% APA Corporation: Upstream Oil & Gas and the Suriname OptionMay 23, 2026 · Watch FY2025
36 Devon Energy Corporation DVN · US $52B
20/100 Poor
9.0%low -88.8% 5 yr 0.5× 23% Devon Energy Deep Value Investment AnalysisMay 27, 2026 · Watch FY2025
37 Delta Air Lines Inc DAL · US $58B
18/100 Poor
-57.2%low -807.4% 5 yr 0.8× 19% Delta Air Lines: A Deep-Dive Value Investing AnalysisMay 27, 2026 · Watch FY2025
38 Vistra Corp. VST · US $50B
16/100 Poor
12.9%low -25.0% 3 yr 3.8× 22% Vistra Corp.: A Deep Study from the Long-Term Owner's PerspectiveMay 20, 2026 · Watch FY2025
39 Targa Resources Inc TRGP · US $58B
14/100 Poor
12.0%low -58.6% 5 yr 5.7× 14% In-Depth Value Analysis of Targa ResourcesMay 26, 2026 · Watch FY2025
40 Royal Caribbean Cruises Ltd RCL · US $85B
7/100 Poor
-6.7%low -103.4% 3 yr 2.2× 23% Royal Caribbean: A Deep-Dive Value Investing AnalysisMay 26, 2026 · Watch FY2025
41 Carnival Corporation CCL · US $38B
6/100 Poor
-12.4%low -86.3% 2 yr 2.1× 7% Carnival Deep-Value Investment AnalysisMay 24, 2026 · Watch 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.