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. Filtré par score tier "Médiocre", market cap "Small <$2B", profit streak "≥5 yr" : 9 match(effacer les filtres).

# Titre Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Étude FY
1 Trainline Plc TRN · LSE $1.1B
33/100 Médiocre
0.3%low -32.2% 5 yr 1.0× 63% FY2026
2 Dine Brands Global Inc DIN · États-Unis $456M
33/100 Médiocre
6.9%low -34.4% 5 yr 44% FY2025
3 Capital Southwest Corporation CSWC · États-Unis $1.5B
29/100 Médiocre
8.4%low -7.9% 6 yr 1.1× 76% FY2026
4 Zhejiang Jasan Holding Group Co Ltd 603558 · Shanghai $610M
29/100 Médiocre
6.3%low -22.1% 5 yr 0.2× 27% FY2025
5 SandRidge Energy Inc SD · États-Unis $514M
29/100 Médiocre
-90.7%low -720.9% 5 yr Net cash 33% FY2025
6 Teekay Corporation TK · États-Unis $1.0B
28/100 Médiocre
0.4%low -21.0% 5 yr Net cash 24% FY2025
7 FLEX LNG Ltd FLNG · États-Unis $1.7B
25/100 Médiocre
8.0%low -2.0% 8 yr 1.9× 45% FY2025
8 Safe Bulkers Inc SB · États-Unis $799M
23/100 Médiocre
5.2%low -18.6% 5 yr 0.5× 36% FY2025
9 J D Wetherspoon PLC JDW · LSE $1.1B
17/100 Médiocre
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.