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 cap "Large $10–200B"、profit streak "≥7 yr"で絞り込み：65 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	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
2	China Coal Energy Co Ltd 601898 · 上海	$26B	49/100 やや弱い	8.4%low 2.4%	10 yr+	0.1×	26%	—	FY2025
3	China Jushi Co Ltd 600176 · 上海	$21B	49/100 やや弱い	15.5%low 8.1%	10 yr+	0.4×	37%	—	FY2025
4	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
5	Tencent Music Entertainment Group 1698 · 香港株	$16B	49/100 やや弱い	7.3%low 0.4%	10 yr+	Net cash	36%	—	FY2025
6	China CSSC Holdings Ltd 600150 · 上海	$37B	48/100 やや弱い	0.1%low -18.3%	8 yr	Net cash	6%	—	FY2025
7	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
8	Aluminum Corp of China Ltd 601600 · 上海	$23B	48/100 やや弱い	7.2%low 1.0%	10 yr+	0.5×	11%	—	FY2025
9	Hangzhou Chang Chuan Technology Co Ltd 300604 · 深圳	$22B	48/100 やや弱い	12.3%low 1.2%	10 yr+	0.0×	54%	—	FY2025
10	XCMG Construction Machinery Co Ltd 000425 · 深圳	$15B	48/100 やや弱い	8.8%low 1.0%	10 yr+	0.2×	19%	—	FY2025
11	UDR Inc UDR · 米国株	$14B	48/100 やや弱い	5.2%low 1.6%	10 yr+	1.9×	23%	—	FY2025
12	Ningbo Tuopu Group Co Ltd 601689 · 上海	$11B	48/100 やや弱い	12.0%low 6.2%	10 yr+	0.2×	24%	—	FY2025
13	Guangzhou Tinci Materials Technology Co Ltd 002709 · 深圳	$10B	48/100 やや弱い	17.1%low 0.6%	10 yr+	Net cash	29%	—	FY2025
14	Huaneng Lancang River Hydropower Inc Class A 600025 · 上海	$26B	47/100 やや弱い	9.1%low 1.5%	10 yr+	1.3×	53%	—	FY2025
15	Wistron Corp 3231 · 台湾株	$19B	47/100 やや弱い	12.7%low 4.4%	10 yr+	1.1×	6%	—	FY2025
16	Hengli Petrochemical Co Ltd 600346 · 上海	$16B	47/100 やや弱い	19.8%low 4.4%	10 yr+	1.8×	13%	—	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	BYD Co Ltd Class A 002594 · 深圳	$122B	46/100 やや弱い	10.8%low 2.8%	10 yr+	0.1×	17%	—	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	China Northern Rare Earth Group High-Tech Co Ltd 600111 · 上海	$20B	46/100 やや弱い	11.5%low 1.1%	10 yr+	0.0×	16%	—	FY2025
21	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
22	Iberdrola S.A. IBE · MC	$149B	45/100 やや弱い	9.8%low 7.3%	10 yr+	1.1×	46%	—	FY2025
23	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
24	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
25	Advanced Micro Fabrication Inc 688012 · 上海	$46B	45/100 やや弱い	8.3%low 4.3%	9 yr	Net cash	45%	—	FY2025
26	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
27	CLP Holdings 0002 · 香港株	$25B	45/100 やや弱い	8.8%low 1.0%	10 yr+	0.6×	28%	—	FY2025
28	EVE Energy 300014 · 深圳	$17B	45/100 やや弱い	13.4%low 9.8%	10 yr+	0.6×	22%	—	FY2025
29	Yunnan Aluminium Co Ltd 000807 · 深圳	$13B	45/100 やや弱い	9.1%low -17.7%	7 yr	Net cash	13%	—	FY2025
30	Yara International ASA YAR · OL	$12B	45/100 やや弱い	8.6%low 0.2%	10 yr+	0.5×	26%	—	FY2025
31	Goertek Inc 002241 · 深圳	$11B	45/100 やや弱い	10.2%low 3.5%	10 yr+	Net cash	15%	—	FY2025
32	Xiamen Tungsten Co Ltd 600549 · 上海	$10B	45/100 やや弱い	9.1%low 2.3%	10 yr+	0.0×	16%	—	FY2025
33	United Microelectronics Corporation 2303 · 台湾株	$52B	44/100 やや弱い	11.4%low 3.7%	10 yr+	Net cash	27%	—	FY2025
34	CMOC Group Ltd 3993 · 香港株	$47B	44/100 やや弱い	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
35	United Microelectronics UMC · 米国株	$47B	44/100 やや弱い	11.4%low 3.7%	10 yr+	Net cash	27%	—	FY2025
36	Antofagasta PLC ANTO · LSE	$46B	44/100 やや弱い	9.7%low 1.8%	10 yr+	0.3×	45%	—	FY2025
37	China Molybdenum Co Ltd Class A 603993 · 上海	$58B	43/100 やや弱い	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
38	Orange S.A. ORA · パリ	$48B	43/100 やや弱い	7.6%low 0.9%	10 yr+	1.4×	36%	—	FY2025
39	Veolia Environnement VE SA VIE · パリ	$27B	43/100 やや弱い	9.4%low 1.2%	10 yr+	1.7×	17%	—	FY2025
40	AVIC Chengdu Aircraft Co Ltd Class A 302132 · 深圳	$22B	43/100 やや弱い	10.2%low 4.1%	10 yr+	0.0×	34%	—	FY2025
41	Sharetronic Data Technology Co Ltd 300857 · 深圳	$17B	43/100 やや弱い	13.7%low 8.5%	10 yr+	2.1×	14%	—	FY2025
42	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
43	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
44	Zhejiang Juhua Co Ltd 600160 · 上海	$15B	42/100 やや弱い	9.4%low 0.8%	10 yr+	0.1×	17%	—	FY2025
45	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
46	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
47	Aker BP ASA AKRBP · OL	$23B	41/100 やや弱い	10.9%low 1.2%	10 yr+	0.4×	59%	—	FY2025
48	E.ON SE EOAN · XETRA	$53B	40/100 やや弱い	28.0%low 3.7%	9 yr	1.9×	19%	—	FY2025
49	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
50	Corning Incorporated GLW · 米国株	$119B	39/100 やや弱い	8.6%low -3.2%	8 yr	0.7×	35%	—	FY2025
51	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
52	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
53	China Merchants Energy Shipping Co Ltd 601872 · 上海	$19B	39/100 やや弱い	11.1%low 5.6%	10 yr+	0.6×	24%	—	FY2025
54	SDIC Power Holdings Co Ltd 600886 · 上海	$17B	39/100 やや弱い	10.5%low 4.8%	10 yr+	2.0×	39%	—	FY2025
55	Shanghai Precise Packaging Co Ltd 300442 · 深圳	$15B	39/100 やや弱い	16.7%low -33.2%	7 yr	0.4×	44%	—	FY2025
56	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
57	Zhejiang Huayou Cobalt Co Ltd 603799 · 上海	$11B	39/100 やや弱い	13.5%low 1.5%	10 yr+	0.6×	18%	—	FY2025
58	Western Mining Co Ltd 601168 · 上海	$13B	38/100 やや弱い	9.8%low -23.5%	7 yr	0.9×	15%	—	FY2025
59	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
60	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
61	Chifeng Jilong Gold Mining Co Ltd 600988 · 上海	$11B	37/100 やや弱い	12.6%low -2.0%	7 yr	Net cash	32%	—	FY2025
62	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
63	China Resources Power Holding 0836 · 香港株	$13B	36/100 やや弱い	8.9%low 2.4%	10 yr+	1.9×	33%	—	FY2025
64	Southern Company SO · 米国株	$109B	35/100 やや弱い	10.4%low 3.4%	10 yr+	2.0×	43%	—	FY2025
65	FedEx Corporation FDX · 米国株	$73B	35/100 やや弱い	14.5%low 3.0%	10 yr+	0.9×	27%	—	FY2026

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.