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 "Mid $2–10B", Has report: 7 match(clear filters).

# Ticker Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Report FY
1 Luckin Coffee LKNCY · US $9.3B
28/100 Poor
-12.0%low -71.6% 5 yr Net cash 13% Luckin Coffee Zen Horizon Analysis: China's Coffee Leader in the Middle of a Valuation ResetJun 4, 2026 · Hold FY2025
2 Osisko Gold Ro OR · US $5.7B
28/100 Poor
-1.2%low -15.7% 2 yr Net cash 62% OR Royalties: A Mid-Tier Royalty Franchise Re-Rating With Visible Growth, Priced Around Fair ValueJun 25, 2026 · Hold FY2025
3 Triple Flag Precious Metals Corp TFPM · US $6.0B
24/100 Poor
2.9%low -2.3% 1 yr Net cash 53% Triple Flag Precious Metals: Quality Compounder, Fully PricedJun 20, 2026 · Watch FY2025
4 Iridium Communications Inc IRDM · US $5.0B
24/100 Poor
5.3%low -11.1% 4 yr 3.6× 40% Iridium: A Global Cash Machine With Option PremiumJun 17, 2026 · Hold FY2025
5 Hecla Mining Company HL · US $9.5B
21/100 Poor
0.5%low -5.6% 2 yr Net cash 22% Hecla Mining: A Cleaner, Debt-Free Silver Major Still Priced Without a Margin of SafetyJun 29, 2026 · Hold FY2025
6 First Majestic Silver Corp AG · US $7.7B
17/100 Poor
-6.5%low -34.3% 1 yr Net cash 16% First Majestic Silver: A Better Miner After Los Gatos, No Longer a Cheap OneJul 3, 2026 · Hold FY2025
7 Norwegian Cruise Line Holdings Ltd NCLH · US $8.5B
6/100 Poor
-339.5%low -3309.3% 3 yr 6.5× 11% Norwegian Cruise Line Holdings: A Deep Value StudyMay 31, 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.