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 market cap "Mid $2–10B", profit streak "≥5 yr", Has report: 75 match(clear filters).

# Ticker Mkt Cap Score Baillie 10Y ROE Profit Streak Net Debt/Eq Gross Margin Report FY
1 AJ Bell plc AJB · LSE $2.9B
97/100 Elite
49/100 35.9%low 24.8% 10 yr+ Net cash 100% AJ Bell: Reconstructed FY2025 Client-Cash Interest of £136.5m Nearly Equals £137.8m Group PBT, H1 Revenue Margin Expanded to 33.4 Basis Points Instead of Compressing, and £6.18 Leaves No Margin of SafetyAug 16, 2026 · Hold FY2025
2 Federated Investors Inc B FHI · US $4.6B
96/100 Elite
40/100 28.6%low 22.9% 10 yr+ Net cash 68% Federated Hermes: A Durable Cash Franchise Priced for Today's Rates, Not the Next ZeroAug 16, 2026 · Hold FY2025
3 Paycom Software, Inc. PAYC · US $7.6B
95/100 Elite
47/100 28.8%low 21.9% 10 yr+ Net cash 84% Paycom Software: Has Automation Repaired the Growth Engine, and Is That Already Priced?Aug 7, 2026 · Hold FY2025
4 WD-40 Company WDFC · US $3.0B
95/100 Elite
43/100 36.0%low 30.2% 10 yr+ 0.1× 54% WD-40 Company: A Seven-Decade Brand, a Borrowed Quarter, and No Margin of SafetyAug 17, 2026 · Hold FY2025
5 National Beverage Corp FIZZ · US $3.0B
95/100 Elite
39/100 41.0%low 28.7% 10 yr+ Net cash 37% National Beverage: A Cash-Rich LaCroix Franchise Where Price, Not Volume, Carried the YearAug 17, 2026 · Hold FY2026
6 Games Workshop Group PLC GAW · LSE $8.0B
94/100 Elite
42/100 57.4%low 48.6% 10 yr+ Net cash 70% Games Workshop: An Exceptional Warhammer Compounder, Priced for Continued ExcellenceJun 26, 2026 · Hold FY2026
7 Exponent Inc EXPO · US $3.2B
94/100 Elite
46/100 26.7%low 22.8% 10 yr+ Net cash 60% Exponent: A PhD-Dense Expert Franchise Whose Reacceleration Is Real but Already PricedAug 17, 2026 · Hold FY2025
8 FactSet Research Systems Inc FDS · US $9.4B
92/100 Elite
45/100 40.4%low 27.3% 10 yr+ 0.6× 53% FactSet Research Systems Deep Value Investment ResearchMay 31, 2026 · Cautious Buy FY2025
9 Smith AO Corporation AOS · US $8.2B
91/100 Elite
41/100 23.4%low 13.5% 10 yr+ Net cash 39% A. O. Smith Water Heaters & Water Treatment Deep DiveMay 23, 2026 · Watch FY2025
10 Robert Half International Inc RHI · US $3.8B
88/100 Elite
33/100 30.4%low 10.4% 10 yr+ Net cash 41% Robert Half: Staffing Turned, Protiviti Collapsed to a 2.1% Margin, and 43.22 USD Leaves No Margin of SafetyAug 15, 2026 · Hold FY2025
11 Xiamen Faratronic Co Ltd 600563 · Shanghai $4.3B
86/100 Elite
41/100 20.2%low 17.3% 10 yr+ Net cash 39% Xiamen Faratronic: 95% Film-Capacitor Purity, a 38.6%-to-32.1% Margin Reset, and CNY 123.01 Inside the Hold BandSep 13, 2026 · Hold FY2025
12 Allison Transmission Holdings Inc ALSN · US $9.6B
84/100 Elite
43/100 49.2%low 19.9% 10 yr+ 0.8× 49% Allison Transmission: A Reassessment During the Integration PhaseMay 28, 2026 · Hold FY2025
13 Houlihan Lokey Inc HLI · US $8.8B
83/100 Elite
41/100 19.2%low 14.8% 10 yr+ Net cash 43% Houlihan Lokey: Deal Count Held, Fee Density Did Not, and the Restructuring Hedge Is DormantAug 19, 2026 · Hold FY2026
14 Lao Feng Xiang Co Ltd A 600612 · Shanghai $2.6B
83/100 Elite
33/100 18.4%low 11.6% 10 yr+ Net cash 8% Lao Feng Xiang: 499 Franchise Closures and a 10.6% Jewellery Gross Margin, While the Shares at CNY 34.87 Sit 9% Above the CNY 31.9 Conservative ValueAug 9, 2026 · Hold FY2025
15 Shandong Himile Mechanical Science & Technology Co Ltd 002595 · Shenzhen $8.5B
82/100 Elite
47/100 18.1%low 16.2% 10 yr+ Net cash 33% Himile: A 40%-Margin Tire-Mould Franchise Is Funding Two Adjacencies That Have Not Yet Earned Their KeepAug 19, 2026 · Hold FY2025
16 NewMarket Corporation NEU · US $7.8B
82/100 Elite
45/100 35.6%low 23.5% 10 yr+ 0.5× 28% NewMarket Corporation: The Cash Cow, the Rocket-Propellant Option, and What the Market Now PricesAug 19, 2026 · Hold FY2025
17 Andritz AG ANDR · VI $8.6B
81/100 Elite
45/100 19.2%low 10.6% 10 yr+ 49% ANDRITZ: Service Reached 46% of Revenue, but the Record Backlog Is Hydro-Heavy and Margin-DilutiveAug 19, 2026 · Hold FY2025
18 Simpson Manufacturing Company Inc SSD · US $7.8B
81/100 Elite
44/100 17.2%low 10.4% 10 yr+ 0.1× 46% Simpson Manufacturing: A Genuine Specification Moat, but Guidance Implies Second-Half Margin Drops From 25.2% to About 17%Aug 19, 2026 · Hold FY2025
19 Hongfa Technology Co Ltd 600885 · Shanghai $7.7B
79/100 Strong
45/100 16.0%low 13.9% 10 yr+ Net cash 37% Hongfa Technology: 3.464bn Relays, a 32% Top Line That Yielded CNY 114m of Cash, and CNY 34.73 at the Hold-Band FloorSep 16, 2026 · Hold FY2025
20 Shenzhou International Group Holdings Ltd 2313 · HK $8.6B
78/100 Strong
44/100 17.2%low 12.1% 10 yr+ Net cash 28% Shenzhou International: 22.6% H1 Gross Margin and 75.9% Customer Concentration Leave No Conservative Margin of Safety at HK$36.58Sep 1, 2026 · Hold FY2025
21 Sprouts Farmers Market LLC SFM · US $8.1B
78/100 Strong
40/100 26.7%low 18.5% 10 yr+ 1.2× 36% Sprouts Farmers Market: A 38.7% Gross Margin and USD 3.8m Boxes Against -1.0% Comps, With USD 73.46 at 13.7x Normalized 2026 EarningsSep 16, 2026 · Cautious Buy FY2025
22 Pool Corporation POOL · US $6.7B
78/100 Strong
44/100 52.6%low 34.1% 10 yr+ 1.2× 30% Pool Corporation Value Investment Deep-Dive ReportMay 31, 2026 · Watch FY2025
23 Zhejiang CFMoto Power Co Ltd 603129 · Shanghai $6.6B
78/100 Strong
48/100 18.2%low 10.8% 10 yr+ Net cash 29% CFMOTO: Four-Wheeler Revenue Up 51% but H1 Profit Up Only 6%, and CNY 296.88 at 24-25x Normalized Earnings Leaves No Margin of SafetySep 17, 2026 · Hold FY2025
24 Tingyi 0322 · HK $8.6B
77/100 Strong
33/100 18.3%low 6.8% 10 yr+ 0.1× 31% Tingyi: A Mature Cash Cow Whose Profit Growth Comes From Margin, Not SalesAug 25, 2026 · Hold FY2025
25 Trade Desk Inc TTD · US $8.5B
76/100 Strong
45/100 14.8%low 2.5% 10 yr+ Net cash 79% The Trade Desk: A Long-Term Owner's Deep-DiveMay 31, 2026 · Watch FY2025
26 Booz Allen Hamilton Holding BAH · US $8.4B
76/100 Strong
37/100 52.2%low 27.4% 10 yr+ 3.1× 51% Booz Allen Hamilton: The 130 Basis Point Margin Jump and the 39.48 Billion Dollar Backlog Are Both Smaller Than They Look, and 69.72 Dollars Sits Above Conservative ValueAug 1, 2026 · Hold FY2026
27 Zhejiang Dingli Mach Co Ltd 603338 · Shanghai $4.2B
76/100 Strong
44/100 17.3%low 12.9% 10 yr+ Net cash 37% Zhejiang Dingli: H1 Revenue Grew 24.9% and Its 20.6% EU Duty Beats Rivals at 35–49%, but Cash Conversion Fell to 0.32x and CNY 53.87 Sits 28% Above the CNY 42 Conservative Value Ahead of Final U.S. Duty RulingsSep 18, 2026 · Watch FY2025
28 Nice Ltd ADR NICE · US $5.8B
75/100 Strong
49/100 9.4%low 7.1% 10 yr+ Net cash 67% NICE Ltd: A Good Software Business Still Waiting for Proof That AI Adds More Than It SubstitutesJul 22, 2026 · Watch FY2025
29 Li Ning Co Ltd 2331 · HK $4.9B
75/100 Strong
43/100 15.0%low 10.2% 10 yr+ Net cash 49% Li Ning Company: 11 Times Trailing Earnings and Almost RMB20 Billion of Net Cash, Against a Q2 2026 Sell-Through ReversalAug 8, 2026 · Hold FY2025
30 Campbell’s Co CPB · US $6.6B
74/100 Strong
33/100 29.8%low 14.9% 10 yr+ 1.8× 34% The Campbell's Company: A Value-Investing Deep DiveMay 31, 2026 · Watch FY2025
31 JD Sports Fashion PLC JD · LSE $5.4B
74/100 Strong
37/100 20.6%low 6.7% 10 yr+ 0.9× 48% JD Sports Fashion plc: Cheap Cash Flow, Falling Like-for-Like Sales, and the Cost of ControlSep 2, 2026 · Watch FY2026
32 Federal Signal Corporation FSS · US $7.6B
73/100 Strong
42/100 15.2%low 11.1% 10 yr+ 0.4× 26% Federal Signal Corporation: 70% of Q2's Incremental Sales Came From Acquisitions, Organic Growth Was 6%, and 115.33 USD Sits 9% Above the 106 USD Conservative CeilingSep 17, 2026 · Hold FY2025
33 EPAM Systems Inc EPAM · US $5.5B
73/100 Strong
30/100 14.0%low 7.5% 10 yr+ Net cash 33% EPAM Systems: A Value Investing Deep DiveMay 31, 2026 · Cautious Buy FY2025
34 FTI Consulting Inc FCN · US $4.4B
72/100 Strong
39/100 12.8%low 7.1% 10 yr+ 0.2× 33% FTI Consulting: An Expert Franchise Still Raising Prices, Now Carrying Idle Capacity and Borrowed BuybacksAug 19, 2026 · Hold FY2025
35 Hundsun Technologies Inc 600570 · Shanghai $6.1B
71/100 Strong
41/100 18.1%low 0.8% 10 yr+ Net cash 82% Hundsun Technologies: 2026 H1 Revenue Fell 11.6% While Profit Rose 0.69%, Associates Supplied CNY106.3m of Q1 Investment Income, and CNY22.12 Leaves No Conservative Margin of SafetyAug 16, 2026 · Hold FY2025
36 AptarGroup Inc ATR · US $8.5B
70/100 Strong
38/100 14.1%low 11.6% 10 yr+ 0.4× 35% AptarGroup: Pharma Carries the Profit, the Price Leaves No CushionAug 26, 2026 · Hold FY2025
37 Zhejiang Dahua Technology Co Ltd 002236 · Shenzhen $7.7B
70/100 Strong
41/100 16.8%low 8.1% 10 yr+ Net cash 45% Dahua: 10% H1 Growth and a 43% Gross Margin Are Real, but CNY 15.72 Sits Above Conservative Value While FCC Component Rules and a CNY 8.568bn Inventory Build Leave No Margin of SafetySep 17, 2026 · Hold FY2025
38 Valmet Oyj VALMT · HE $5.2B
70/100 Strong
41/100 15.0%low 9.3% 10 yr+ 0.3× 24% Valmet Oyj: Two Businesses, One Share Price, and a Separation Thesis Already Partly PricedSep 2, 2026 · Hold FY2025
39 Science Applications International Corporation Common Stock SAIC · US $5.0B
70/100 Strong
31/100 24.3%low 9.1% 10 yr+ 1.7× 11% SAIC: Margins and Buybacks Lift Owner Earnings to an 8.7% Yield, but a 1.0x Trailing Book-to-Bill Leaves $127.28 Above Conservative ValueAug 26, 2026 · Hold FY2026
40 Auras Technology Co Ltd 3324 · TWO $3.3B
70/100 Strong
50/100 21.2%low 10.1% 10 yr+ Net cash 20% Auras Technology: A Thermal Vendor Climbing the AI Liquid-Cooling StackJun 20, 2026 · Hold FY2025
41 InterDigital Inc IDCC · US $7.9B
69/100 Strong
38/100 21.2%low 2.7% 10 yr+ Net cash 74% InterDigital, Inc.: ARR Hit a Record 625.7 Million but 103.7 Million of Q2 Revenue Was Catch-Up, and 326.08 USD Sits 42% Above the 230 USD Conservative CeilingSep 16, 2026 · Hold FY2025
42 MSA Safety MSA · US $7.3B
69/100 Strong
44/100 14.7%low 2.6% 10 yr+ 0.3× 45% MSA Safety: Adjusted Operating Margin Reached 24.1% on 3.2% Organic Growth, 744 Million USD Went Into Two Detection Acquisitions in Fourteen Months, and 179.82 USD Sits 50% Above the 120 USD Ideal Buy CeilingSep 17, 2026 · Hold FY2025
43 Valmont Industries Inc VMI · US $9.4B
68/100 Strong
41/100 14.7%low 8.9% 10 yr+ 0.5× 27% Valmont: A 33.9% Utility Surge and 0.93x Leverage Justify the Rerating, but $472.43 Still Underwrites the 2029 Margin Plan With No Conservative-Case Margin of SafetySep 18, 2026 · Hold FY2025
44 Sunny Optical Technology Group Co Ltd 2382 · HK $7.7B
68/100 Strong
47/100 22.0%low 4.9% 10 yr+ Net cash 20% Sunny Optical: Other Products Supply a Third of Gross Profit on 18.4% of Revenue, but Handset Margin at 12.3% Leaves No Safety Margin at HKD 62.60Aug 27, 2026 · Watch FY2025
45 AutoNation Inc AN · US $7.1B
68/100 Strong
39/100 29.7%low 11.8% 10 yr+ 4.3× 17% AutoNation: 78.3% of Q2 Gross Profit Comes From After-Sales and F&I, but $201.25 Offers No Margin of SafetySep 1, 2026 · Hold FY2025
46 ENN Energy Holdings Ltd 2688 · HK $6.7B
68/100 Strong
39/100 16.5%low 12.3% 10 yr+ 0.2× 15% ENN Energy: A Lapsed HK$80 Buyout Left 7.1x Core Earnings and a 6.1% Yield, but Every Ancillary Segment Shrank in H1 and HK$49.48 Sits Above the HK$40 Ideal-Buy CeilingSep 16, 2026 · Cautious Buy FY2025
47 Zhengzhou Yutong Bus Co Ltd 600066 · Shanghai $10.0B
67/100 Strong
42/100 16.7%low 3.4% 10 yr+ Net cash 23% Yutong Bus: A 29.62% Overseas Gross Margin Against 19.09% at Home Carried H1 Core Profit Up 15.83%, but 7m+ Share Fell to 28.69% and CNY 30.40 Sits Above the CNY 27 Conservative ValueAug 27, 2026 · Hold FY2025
48 SCHOTT Pharma AG & Co. KGaA 1SXP · XETRA $2.9B
67/100 Strong
35/100 20.6%low 16.4% 6 yr 35% SCHOTT Pharma: A GLP-1 Boom Priced by the Dose, Not the Drug, and a Capacity Bill That Has Yet to Prove Its ReturnAug 6, 2026 · Hold FY2025
49 Shenzhen Envicool Technology Co Ltd 002837 · Shenzhen $8.3B
66/100 Strong
47/100 12.9%low 10.0% 10 yr+ Net cash 32% Envicool Deep-Dive ResearchJun 14, 2026 · Watch FY2025
50 Timken Company TKR · US $9.6B
65/100 Strong
38/100 14.8%low 9.1% 10 yr+ 0.6× 36% Timken: The Margin Transition Is Real, but the Price Already Assumes It's FinishedJul 8, 2026 · Hold FY2025
51 Centrus Energy Corp. LEU · US $3.5B
65/100 Strong
42/100 60.0%low 60.0% 6 yr Net cash 25% Centrus Energy Zen Horizon Framework Deep-Dive ResearchJun 6, 2026 · Watch FY2025
52 Laopu Gold Co Ltd 6181 · HK $7.2B
63/100 Medium
48/100 24.4%low 10.9% 6 yr 0.4× 44% Laopu Gold: A Zen Horizon Framework Deep DiveJun 7, 2026 · Watch FY2025
53 Powertech Technology Inc 6239 · Taiwan $7.9B
62/100 Medium
40/100 14.3%low 9.8% 10 yr+ 0.3× 20% Powertech Technology Deep-Dive ResearchJun 11, 2026 · Watch FY2025
54 MYR Group Inc MYRG · US $5.2B
61/100 Medium
44/100 11.7%low 5.0% 10 yr+ Net cash 11% MYR Group: A Record 20.1% Organic Quarter and a 3.16 Billion Backlog, Already Priced at 32 Times Trailing EarningsAug 8, 2026 · Hold FY2025
55 Inventec Corp 2356 · Taiwan $9.6B
59/100 Medium
40/100 11.1%low 10.0% 10 yr+ 0.4× 5% Inventec: An AI-Server Manufacturer Still Earning Assembly MarginsJun 21, 2026 · Hold FY2025
56 Red Avenue New Materials Group Co Ltd 603650 · Shanghai $4.7B
58/100 Medium
45/100 16.5%low 9.8% 10 yr+ 0.4× 29% Tongcheng New Material: A Long-Term Business Owner's StudyMay 20, 2026 · Watch FY2025
57 Henan Pinggao Electric Co Ltd 600312 · Shanghai $3.7B
58/100 Medium
34/100 5.9%low 0.8% 10 yr+ Net cash 18% Pinggao Electric: The Cleanest UHV Switchgear Play, But Orders Are Not Yet RevenueJul 4, 2026 · Hold FY2025
58 Stonex Group Inc SNEX · US $9.3B
57/100 Medium
43/100 19.0%low 1.4% 10 yr+ 7.1× 1% StoneX Group: Two 3-for-2 Splits in One Fiscal Year Break the EPS Series, RJO Lifts Q3 Net Income 102%, and 200bp of Rate Cuts Would Take $0.76 Off $4.19 Trailing EPSSep 16, 2026 · Hold FY2025
59 Anji Microelectronics Tech Co Ltd 688019 · Shanghai $7.6B
57/100 Medium
52/100 15.4%low 7.4% 10 yr+ Net cash 58% Anji Microelectronics: A High-Quality Compounder, but a Better Company Than StockJun 29, 2026 · Watch FY2025
60 Brinks Company BCO · US $4.9B
57/100 Medium
41/100 26.3%low -20.0% 7 yr 9.6× 23% Brink's: A 9.1% Owner-Earnings Yield and 14 Straight Quarters of AMS/DRS Growth Meet a $7.3 Billion Pro-Forma Net-Debt Bet on NCR AtleosSep 18, 2026 · Watch FY2025
61 Ningbo Orient Wires and Cables Co Ltd 603606 · Shanghai $4.8B
56/100 Medium
47/100 15.4%low 3.2% 10 yr+ Net cash 21% Ningbo Orient Wires & Cables: A Real Submarine-Cable Moat Priced for Flawless Backlog ConversionJul 17, 2026 · Watch FY2025
62 Vicor Corporation VICR · US $9.6B
55/100 Medium
45/100 7.1%low -4.8% 9 yr Net cash 48% Vicor: A Real Power-Delivery Specialist, Already Priced For AI's PromiseJul 14, 2026 · Watch FY2025
63 Sanmina Corporation SANM · US $9.9B
54/100 Medium
36/100 9.2%low -6.5% 7 yr Net cash 8% Sanmina CorporationJul 23, 2026 · Hold FY2025
64 FormFactor Inc FORM · US $8.3B
53/100 Medium
39/100 8.0%low -1.6% 9 yr Net cash 39% FormFactor (FORM.US) Buffett Framework Deep-Dive ResearchJun 9, 2026 · Watch FY2025
65 Western Superconducting Tech Co Ltd 688122 · Shanghai $4.8B
50/100 Medium
43/100 10.9%low 6.2% 10 yr+ Net cash 33% Western Superconducting: A Long-Term Enterprise Value AnalysisMay 21, 2026 · Watch FY2025
66 Qiagen NV QGEN · US $7.5B
49/100 Weak
42/100 7.4%low -1.6% 6 yr 0.1× 63% QIAGEN: Sticky Workflow Economics With Takeover Optionality Already in the PriceJul 17, 2026 · Hold FY2025
67 WuXi XDC Cayman Inc 2268 · HK $8.8B
48/100 Weak
48/100 17.4%low 5.2% 10 yr+ Net cash 30% WuXi XDC: Scaling the ADC Manufacturing NetworkJun 17, 2026 · Hold FY2025
68 Nexans S.A. NEX · Paris $7.6B
46/100 Weak
46/100 8.3%low -9.7% 6 yr 0.1× 12% Nexans: A Subsea Margin Story the Price Has Largely AbsorbedAug 26, 2026 · Hold FY2025
69 Zhejiang Shuanghuan Driveline Co Ltd 002472 · Shenzhen $4.6B
46/100 Weak
44/100 7.2%low 1.4% 10 yr+ 0.1× 21% Zhejiang Shuanghuan Driveline: A Precision-Gear Cash Engine Carrying a Still-Optional Robot-Reducer BetJun 25, 2026 · Hold FY2025
70 Aecom Technology Corporation ACM · US $8.7B
45/100 Weak
38/100 6.4%low -7.1% 5 yr 0.7× 5% AECOM: A 16.5% Segment Margin and 12.1x Earnings Are Genuinely Cheap, but First-Half Free Cash Flow of 15 Million Dollars Means 72.39 Dollars Only Buys the Base CaseAug 1, 2026 · Hold FY2025
71 NKT A/S NKT · CO $8.6B
45/100 Weak
47/100 2.1%low -9.5% 5 yr Net cash 34% NKT: A EUR 13bn Transmission Backlog and Rising Margins, but DKK 930 Already Pays for the 2027 Factories That Are Still Being BuiltAug 26, 2026 · Hold FY2025
72 Jiangsu Nata Opto Electr Material 300346 · Shenzhen $4.8B
44/100 Weak
43/100 6.1%low 0.6% 10 yr+ Net cash 39% Nata Opto-electronic: A Value-Investing Deep DiveMay 20, 2026 · Watch FY2025
73 Weir Group PLC WEIR · LSE $8.7B
43/100 Weak
43/100 4.7%low -23.7% 5 yr 0.7× 36% Weir PLC: 82% Aftermarket Revenue Meets 2.2x Leverage and a 15.2% ROCE, and £27.24 Already Prices the H2 RecoverySep 8, 2026 · Hold FY2025
74 Constellium Nv CSTM · US $3.8B
37/100 Weak
31/100 12.9%low 4.6% 5 yr 1.9× 11% Constellium: A Long-Term Value Investing StudyJun 3, 2026 · Watch FY2025
75 Luckin Coffee LKNCY · US $9.3B
28/100 Poor
51/100 -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

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.