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. score tier "やや弱い"、market "US"、market cap "Large $10–200B"で絞り込み：71 match(絞り込みを解除)。

#	銘柄	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	レポート	FY
1	Applovin Corp APP · 米国株	$133B	49/100 やや弱い	28.0%low -10.1%	3 yr	0.5×	75%	—	FY2025
2	Valero Energy Corporation VLO · 米国株	$90B	49/100 やや弱い	15.3%low -7.6%	5 yr	0.3×	5%	—	FY2025
3	Johnson Controls International PLC JCI · 米国株	$89B	49/100 やや弱い	8.7%low -3.4%	9 yr	0.8×	33%	—	FY2025
4	Tenet Healthcare Corporation THC · 米国株	$21B	49/100 やや弱い	34.5%low -46.0%	6 yr	2.4×	41%	—	FY2025
5	Charter Communications Inc CHTR · 米国株	$20B	49/100 やや弱い	25.0%low 3.4%	10 yr+	6.0×	37%	—	FY2025
6	DocuSign Inc DOCU · 米国株	$10B	49/100 やや弱い	-19.2%low -74.7%	3 yr	Net cash	77%	—	FY2026
7	Trip.com Group Ltd ADR TCOM · 米国株	$30B	48/100 やや弱い	4.5%low -3.2%	4 yr	Net cash	79%	—	FY2025
8	nVent Electric PLC NVT · 米国株	$25B	48/100 やや弱い	10.5%low -2.0%	5 yr	0.4×	39%	—	FY2025
9	XPO Logistics Inc XPO · 米国株	$24B	48/100 やや弱い	18.9%low 2.6%	10 yr+	2.4×	12%	—	FY2025
10	UDR Inc UDR · 米国株	$14B	48/100 やや弱い	5.2%low 1.6%	10 yr+	1.9×	23%	—	FY2025
11	On Holding Ltd ONON · 米国株	$13B	48/100 やや弱い	1.3%low -20.1%	4 yr	Net cash	58%	オン・ホールディング：プレミアム成長、完璧さを織り込んだ株価2026年6月17日 · ホールド	FY2025
12	MercadoLibre Inc. MELI · 米国株	$95B	47/100 やや弱い	15.4%low -10.9%	5 yr	0.8×	49%	MercadoLibre：長期的な事業オーナーの視点による投資分析2026年5月22日 · ウォッチ	FY2025
13	Expedia Group Inc. EXPE · 米国株	$35B	47/100 やや弱い	11.9%low -103.2%	5 yr	Net cash	83%	—	FY2025
14	TransUnion TRU · 米国株	$15B	47/100 やや弱い	13.2%low -5.1%	2 yr	1.0×	64%	—	FY2025
15	Crown Holdings Inc CCK · 米国株	$13B	47/100 やや弱い	28.5%low -29.3%	4 yr	1.8×	20%	—	FY2025
16	Virtu Financial, Inc. VIRT · 米国株	$13B	47/100 やや弱い	20.2%low -6.3%	6 yr	5.0×	58%	—	FY2025
17	Nextera Energy Inc NEE · 米国株	$181B	46/100 やや弱い	13.1%low 8.0%	10 yr+	1.7×	57%	—	FY2025
18	Airbnb Inc ABNB · 米国株	$90B	46/100 やや弱い	-1.8%low -158.0%	4 yr	Net cash	79%	—	FY2025
19	Ameren Corp AEE · 米国株	$30B	46/100 やや弱い	9.8%low 7.3%	10 yr+	1.5×	44%	—	FY2025
20	Darden Restaurants Inc DRI · 米国株	$23B	46/100 やや弱い	33.4%low -2.2%	6 yr	2.6×	26%	—	FY2026
21	Burlington Stores Inc BURL · 米国株	$23B	46/100 やや弱い	35.6%low -46.6%	5 yr	2.6×	42%	—	FY2026
22	Antero Midstream Partners LP AM · 米国株	$10B	46/100 やや弱い	21.1%low -11.3%	5 yr	1.5×	62%	—	FY2025
23	T-Mobile US Inc TMUS · 米国株	$185B	45/100 やや弱い	11.4%low 3.7%	10 yr+	2.0×	57%	—	FY2025
24	Petroleo Brasileiro Petrobras SA ADR PBR · 米国株	$123B	45/100 やや弱い	17.1%low -6.2%	8 yr	0.8×	44%	—	FY2025
25	Marriott International Inc MAR · 米国株	$97B	45/100 やや弱い	33.4%low -62.1%	5 yr	—	19%	—	FY2025
26	Wheaton Precious Metals Corp WPM · 米国株	$51B	45/100 やや弱い	7.8%low 1.2%	10 yr+	Net cash	54%	—	FY2025
27	Ares Management LP ARES · 米国株	$42B	45/100 やや弱い	13.9%low 5.2%	10 yr+	3.1×	60%	—	FY2025
28	Fidelity National Information Services Inc FIS · 米国株	$23B	45/100 やや弱い	-5.7%low -61.4%	2 yr	0.2×	35%	—	FY2025
29	Shopify Inc SHOP · 米国株	$152B	44/100 やや弱い	-0.3%low -42.0%	3 yr	Net cash	52%	Shopify：コマース・インフラ・プラットフォーム2026年5月23日 · ウォッチ	FY2025
30	PDD Holdings Inc. PDD · 米国株	$126B	44/100 やや弱い	-9.1%low -81.9%	5 yr	Net cash	59%	—	FY2025
31	MPLX LP MPLX · 米国株	$60B	44/100 やや弱い	18.6%low -5.2%	5 yr	1.7×	42%	—	FY2025
32	United Microelectronics UMC · 米国株	$47B	44/100 やや弱い	11.4%low 3.7%	10 yr+	Net cash	27%	—	FY2025
33	Equifax Inc EFX · 米国株	$20B	43/100 やや弱い	12.6%low -14.9%	6 yr	1.1×	57%	—	FY2025
34	EOG Resources Inc EOG · 米国株	$79B	42/100 やや弱い	15.3%low -7.8%	5 yr	0.2×	66%	—	FY2025
35	American Electric Power Co Inc AEP · 米国株	$70B	42/100 やや弱い	9.7%low 3.5%	10 yr+	1.6×	28%	—	FY2025
36	Coterra Energy Inc CTRA · 米国株	$25B	42/100 やや弱い	13.0%low -16.2%	9 yr	0.3×	37%	—	FY2025
37	Kinder Morgan Inc KMI · 米国株	$72B	41/100 やや弱い	5.5%low 0.5%	10 yr+	1.0×	50%	—	FY2025
38	Barrick Mining Corporation B · 米国株	$63B	41/100 やや弱い	7.5%low -20.3%	7 yr	Net cash	37%	—	FY2025
39	Vertiv Holdings Co VRT · 米国株	$93B	40/100 やや弱い	-121.2%low -1213.7%	5 yr	0.4×	31%	—	FY2025
40	Baker Hughes Co BKR · 米国株	$60B	40/100 やや弱い	-3.6%low -77.1%	3 yr	0.1×	21%	—	FY2025
41	Cardinal Health Inc CAH · 米国株	$54B	40/100 やや弱い	-17.6%low -206.4%	3 yr	—	4%	—	FY2025
42	Federal Realty Investment Trust FRT · 米国株	$11B	40/100 やや弱い	10.3%low 5.1%	10 yr+	1.5×	62%	—	FY2025
43	Walt Disney Company DIS · 米国株	$167B	39/100 やや弱い	10.3%low -2.9%	5 yr	0.4×	38%	—	FY2025
44	Corning Incorporated GLW · 米国株	$119B	39/100 やや弱い	8.6%low -3.2%	8 yr	0.7×	35%	—	FY2025
45	Marathon Petroleum Corp MPC · 米国株	$92B	39/100 やや弱い	17.7%low -44.3%	5 yr	1.8×	7%	—	FY2025
46	Suncor Energy Inc SU · 米国株	$79B	39/100 やや弱い	9.3%low -12.1%	5 yr	0.3×	60%	—	FY2025
47	Agnico Eagle Mines Limited AEM · 米国株	$75B	39/100 やや弱い	7.0%low -7.2%	7 yr	Net cash	34%	—	FY2025
48	Gold Fields Ltd ADR GFI · 米国株	$30B	39/100 やや弱い	13.4%low -12.9%	7 yr	0.2×	34%	—	FY2025
49	US Foods Holding Corp USFD · 米国株	$22B	39/100 やや弱い	8.9%low -5.6%	5 yr	1.3×	17%	—	FY2025
50	Leonardo DRS, Inc. Common Stock DRS · 米国株	$12B	39/100 やや弱い	0.5%low -46.7%	7 yr	Net cash	20%	—	FY2025
51	Krystal Biotech Inc KRYS · 米国株	$10B	39/100 やや弱い	-45.5%low -397.9%	3 yr	Net cash	91%	—	FY2025
52	Phillips 66 PSX · 米国株	$85B	38/100 やや弱い	13.1%low -21.0%	5 yr	0.7×	5%	—	FY2025
53	argenx NV ADR ARGX · 米国株	$53B	38/100 やや弱い	-12.2%low -36.3%	2 yr	Net cash	91%	argenx（ARGX.US / ARGX.BR）：Zen Horizon レポート2026年6月9日 · ウォッチ	FY2025
54	Credo Technology Group Holding Ltd CRDO · 米国株	$39B	38/100 やや弱い	2.8%low -6.6%	2 yr	Net cash	66%	—	FY2026
55	Tenaris SA ADR TS · 米国株	$29B	38/100 やや弱い	8.8%low -5.6%	5 yr	Net cash	32%	—	FY2025
56	MasTec Inc MTZ · 米国株	$21B	38/100 やや弱い	12.3%low -1.8%	2 yr	0.7×	13%	—	FY2025
57	HF Sinclair Corp DINO · 米国株	$16B	38/100 やや弱い	9.2%low -11.6%	5 yr	0.2×	14%	—	FY2025
58	Hilton Worldwide Holdings Inc HLT · 米国株	$72B	37/100 やや弱い	18.9%^‡low -7.2%	5 yr	—	30%	—	FY2025
59	Las Vegas Sands Corp LVS · 米国株	$32B	37/100 やや弱い	24.1%low -47.6%	4 yr	7.7×	45%	—	FY2025
60	DTE Energy Company DTE · 米国株	$30B	37/100 やや弱い	11.1%low 9.6%	10 yr+	2.1×	32%	—	FY2025
61	Constellation Brands Inc Class A STZ · 米国株	$22B	37/100 やや弱い	12.9%low -1.2%	1 yr	1.4×	51%	—	FY2026
62	Royal Gold Inc RGLD · 米国株	$17B	37/100 やや弱い	5.7%low -5.4%	7 yr	0.1×	79%	Royal Gold 詳細リサーチ2026年6月15日 · ホールド	FY2025
63	Modine Manufacturing Company MOD · 米国株	$11B	37/100 やや弱い	6.0%low -60.4%	5 yr	0.4×	18%	—	FY2026
64	Howmet Aerospace Inc HWM · 米国株	$113B	36/100 やや弱い	10.1%low -18.3%	8 yr	0.4×	22%	—	FY2025
65	TTM Technologies Inc TTMI · 米国株	$12B	36/100 やや弱い	6.8%low -1.2%	2 yr	0.3×	18%	—	FY2025
66	Marvell Technology Group Ltd MRVL · 米国株	$168B	35/100 やや弱い	2.6%low -6.6%	1 yr	0.2×	50%	—	FY2026
67	Southern Company SO · 米国株	$109B	35/100 やや弱い	10.4%low 3.4%	10 yr+	2.0×	43%	—	FY2025
68	Schlumberger NV SLB · 米国株	$74B	35/100 やや弱い	-4.5%low -86.9%	5 yr	0.3×	16%	—	FY2025
69	FedEx Corporation FDX · 米国株	$73B	35/100 やや弱い	14.5%low 3.0%	10 yr+	0.9×	27%	—	FY2026
70	Ryanair Holdings PLC ADR RYAAY · 米国株	$30B	35/100 やや弱い	15.8%low -21.8%	4 yr	Net cash	21%	—	FY2026
71	TechnipFMC PLC FTI · 米国株	$28B	35/100 やや弱い	-6.7%low -79.1%	3 yr	0.3×	16%	—	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.