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 "Hong Kong"、market cap "Mid $2–10B"で絞り込み:8 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 WuXi XDC Cayman Inc 2268 · 香港株 $8.8B
48/100 やや弱い
17.4%low 5.2% 10 yr+ Net cash 30% WuXi XDC:ADC製造ネットワークのスケールアップ2026年6月17日 · ホールド FY2025
2 New Oriental Education And Tech Inc 9901 · 香港株 $9.4B
45/100 やや弱い
6.0%low -32.1% 4 yr Net cash 53% FY2025
3 Tongcheng-Elong Holdings Ltd 0780 · 香港株 $4.3B
41/100 やや弱い
5.6%low -0.9% 3 yr Net cash 68% FY2025
4 Meitu Inc 1357 · 香港株 $2.7B
41/100 やや弱い
-9.5%low -104.0% 4 yr Net cash 56% FY2025
5 Harbin Electric 1133 · 香港株 $5.5B
39/100 やや弱い
-0.4%low -35.8% 4 yr Net cash 10% FY2025
6 Kingsoft Corp Ltd 3888 · 香港株 $4.6B
39/100 やや弱い
3.9%low -31.0% 3 yr Net cash 71% FY2025
7 CGN Mining Co Ltd 1164 · 香港株 $3.4B
39/100 やや弱い
10.1%low 2.9% 10 yr+ 0.5× 12% FY2025
8 Alibaba Health Information Technology Ltd 0241 · 香港株 $7.4B
37/100 やや弱い
0.5%low -17.6% 4 yr Net cash 25% 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.