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 "Faible", market cap "Large $10–200B", Has report : 5 match(effacer les filtres).

# Titre Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin Étude FY
1 On Holding Ltd ONON · États-Unis $13B
48/100 Faible
1.3%low -20.1% 4 yr Net cash 58% On Holding : croissance premium, valorisée pour la perfection17 juin 2026 · Conserver FY2025
2 MercadoLibre Inc. MELI · États-Unis $95B
47/100 Faible
15.4%low -10.9% 5 yr 0.8× 49% MercadoLibre : une analyse d'investissement à travers le prisme d'un propriétaire d'entreprise de long terme22 mai 2026 · Surveiller FY2025
3 Shopify Inc SHOP · États-Unis $152B
44/100 Faible
-0.3%low -42.0% 3 yr Net cash 52% Shopify : une plateforme d'infrastructure commerciale23 mai 2026 · Surveiller FY2025
4 argenx NV ADR ARGX · États-Unis $53B
38/100 Faible
-12.2%low -36.3% 2 yr Net cash 91% argenx (ARGX.US / ARGX.BR) : un rapport Zen Horizon9 juin 2026 · Surveiller FY2025
5 Royal Gold Inc RGLD · États-Unis $17B
37/100 Faible
5.7%low -5.4% 7 yr 0.1× 79% Étude approfondie de Royal Gold15 juin 2026 · Conserver 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.