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. Filtrado por score tier "Débil", market "Europe (incl. UK)", profit streak "≥5 yr": 10 match(borrar filtros).

#	Activo	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	Informe	FY
1	Trainline Plc TRN · LSE	$1.1B	33/100 Débil	0.3%low -32.2%	5 yr	1.0×	63%	—	FY2026
2	TotalEnergies SE TTE · París	$183B	32/100 Débil	10.3%low -7.0%	5 yr	0.3×	27%	—	FY2025
3	Subsea 7 S.A. SUBC · OL	$10B	32/100 Débil	0.7%low -26.1%	5 yr	0.1×	11%	—	FY2025
4	Ferrovial S.A. FER · MC	$44B	31/100 Débil	9.9%low -13.3%	5 yr	1.1×	22%	—	FY2025
5	Repsol S.A. REP · MC	$31B	30/100 Débil	4.3%low -16.2%	5 yr	0.3×	17%	—	FY2025
6	Shell plc SHEL · LSE	$238B	27/100 Débil	7.9%low -14.0%	5 yr	0.4×	11%	—	FY2025
7	Shell PLC SHELL · Ámsterdam	$237B	27/100 Débil	7.9%low -13.9%	5 yr	0.4×	11%	—	FY2025
8	Naturgy Energy Group SA NTGY · MC	$29B	26/100 Débil	11.0%low -25.8%	5 yr	1.3×	29%	—	FY2025
9	Engie S.A. ENGI · París	$74B	21/100 Débil	4.1%low -6.9%	5 yr	1.2×	23%	—	FY2025
10	J D Wetherspoon PLC JDW · LSE	$1.1B	17/100 Débil	3.7%low -63.7%	5 yr	3.1×	8%	—	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.