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 "Small <$2B"で絞り込み：51 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	SÜSS MicroTec SE SMHN · XETRA	$1.9B	49/100 やや弱い	9.0%low -13.0%	6 yr	Net cash	35%	—	FY2025
2	Jiangxi Hongcheng Waterworks Co Ltd 600461 · 上海	$1.7B	49/100 やや弱い	11.7%low 7.5%	10 yr+	0.5×	27%	—	FY2025
3	REX American Resources Corporation REX · 米国株	$1.4B	49/100 やや弱い	8.5%low 0.8%	10 yr+	Net cash	10%	—	FY2026
4	Wuxi Zhenhua Auto Parts Co. Ltd. 605319 · 上海	$1.1B	49/100 やや弱い	12.0%low 5.2%	10 yr+	0.2×	21%	—	FY2025
5	Upwork Inc UPWK · 米国株	$1.1B	49/100 やや弱い	-1.5%low -36.1%	3 yr	Net cash	72%	—	FY2025
6	Baltic Classifieds Group PLC BCG · LSE	$1.1B	49/100 やや弱い	11.7%low -2.8%	5 yr	0.1×	89%	—	FY2026
7	Zhejiang Xinao Textiles Inc 603889 · 上海	$765M	49/100 やや弱い	10.6%low 6.0%	10 yr+	0.2×	18%	—	FY2025
8	Shenyang Jinbei Automotive Co Ltd 600609 · 上海	$614M	49/100 やや弱い	-20.1%low -288.3%	5 yr	Net cash	15%	—	FY2025
9	Doubledown Interactive Co Ltd DDI · 米国株	$574M	49/100 やや弱い	4.5%low -37.4%	3 yr	Net cash	66%	—	FY2025
10	Me Group International PLC MEGP · LSE	$561M	49/100 やや弱い	19.1%low -22.1%	5 yr	Net cash	27%	—	FY2025
11	Lingyun Ind 600480 · 上海	$1.5B	48/100 やや弱い	6.1%low -1.5%	6 yr	Net cash	17%	—	FY2025
12	CTS Corporation CTS · 米国株	$1.8B	47/100 やや弱い	8.1%low -9.0%	4 yr	0.1×	35%	—	FY2025
13	Photronics Inc PLAB · 米国株	$1.8B	47/100 やや弱い	8.0%low 1.8%	10 yr+	Net cash	28%	—	FY2025
14	Atlanticus Holdings Corporation ATLC · 米国株	$1.6B	47/100 やや弱い	21.3%low -109.7%	8 yr	9.7×	49%	—	FY2025
15	Jupiter Fund Management Plc JUP · LSE	$1.0B	47/100 やや弱い	14.1%low -1.6%	2 yr	Net cash	84%	—	FY2025
16	Xinjiang Guannong Fruit & Antler Group Co Ltd 600251 · 上海	$1.0B	47/100 やや弱い	8.9%low 1.4%	10 yr+	0.2×	10%	—	FY2025
17	Virtus Investment Partners, Inc. VRTS · 米国株	$1.1B	46/100 やや弱い	13.2%low 6.1%	10 yr+	2.5×	62%	—	FY2025
18	Xiamen International Airport Co Ltd 600897 · 上海	$864M	46/100 やや弱い	9.0%low 0.7%	10 yr+	Net cash	31%	—	FY2025
19	XPS Pensions Group PLC XPS · LSE	$859M	46/100 やや弱い	5.1%low -46.7%	9 yr	0.4×	53%	—	FY2026
20	China Kings Resources Group Co 603505 · 上海	$1.9B	45/100 やや弱い	17.3%low 10.6%	10 yr+	1.0×	41%	—	FY2025
21	Enerpac Tool Group Corp EPAC · 米国株	$1.8B	45/100 やや弱い	3.9%low -20.2%	7 yr	0.2×	44%	—	FY2025
22	Opera Ltd OPRA · 米国株	$1.7B	45/100 やや弱い	6.0%low -4.3%	4 yr	Net cash	78%	—	FY2025
23	Milkyway Chemical Supply Chain Service Co Ltd 603713 · 上海	$1.4B	45/100 やや弱い	12.8%low 9.0%	10 yr+	0.7×	15%	—	FY2025
24	Deluxe Corporation DLX · 米国株	$1.2B	45/100 やや弱い	7.4%low -39.2%	6 yr	1.8×	57%	—	FY2025
25	Site Centers Corp SITC · 米国株	$225M	45/100 やや弱い	13.5%low -8.3%	7 yr	Net cash	62%	—	FY2025
26	GDEV Inc. GDEV · 米国株	$222M	45/100 やや弱い	—	4 yr	—	64%	—	FY2025
27	Lead Real Estate Co., Ltd American Depositary Shares LRE · 米国株	$17M	45/100 やや弱い	17.2%low 8.0%	6 yr	2.1×	15%	—	FY2025
28	Henan Yuguang Gold & Lead Co Ltd 600531 · 上海	$2.0B	44/100 やや弱い	9.3%low 4.0%	10 yr+	0.9×	4%	—	FY2025
29	Jefferson Capital, Inc. Common Stock JCAP · 米国株	$1.2B	44/100 やや弱い	17.1%low -2.9%	7 yr	3.5×	87%	—	FY2025
30	Kunshan Huguang Auto Harness Co Ltd 605333 · 上海	$1.2B	44/100 やや弱い	18.0%low -0.1%	4 yr	0.3×	14%	—	FY2025
31	Xunlei Ltd Adr XNET · 米国株	$340M	44/100 やや弱い	2.2%low -18.0%	5 yr	Net cash	47%	—	FY2025
32	Ningbo Ocean Shipping Co. Ltd. A 601022 · 上海	$1.5B	43/100 やや弱い	11.7%low 9.3%	6 yr	—	18%	—	FY2025
33	Amphastar P AMPH · 米国株	$879M	43/100 やや弱い	10.3%low -1.7%	7 yr	0.5×	45%	—	FY2025
34	WW International, Inc. Common Stock WW · 米国株	$144M	43/100 やや弱い	14.9%^‡low -74.8%	1 yr	1.0×	59%	—	FY2025
35	Changzhou Fusion New Material Co. Ltd. A 688503 · 上海	$2.0B	42/100 やや弱い	11.3%low 8.4%	6 yr	—	10%	—	FY2025
36	Marketwise Inc MKTW · 米国株	$52M	42/100 やや弱い	—	4 yr	—	78%	—	FY2025
37	Costamare Inc CMRE · 米国株	$1.9B	41/100 やや弱い	12.4%low 0.7%	10 yr+	0.5×	45%	—	FY2025
38	Taskus Inc TASK · 米国株	$556M	41/100 やや弱い	7.5%low -15.5%	4 yr	0.1×	43%	—	FY2025
39	China Automotive Systems Inc CAAS · 米国株	$136M	41/100 やや弱い	4.4%low -6.5%	5 yr	0.1×	16%	—	FY2025
40	Saul Centers Inc BFS · 米国株	$1.2B	40/100 やや弱い	12.0%low 0.7%	10 yr+	5.2×	70%	—	FY2025
41	Douglas Dynamics Inc PLOW · 米国株	$1.0B	40/100 やや弱い	10.6%low -43.2%	5 yr	0.7×	27%	—	FY2025
42	Build-A-Bear Workshop Inc BBW · 米国株	$425M	40/100 やや弱い	15.5%low -37.5%	5 yr	0.6×	49%	—	FY2026
43	Willis Lease Finance Corporation WLFC · 米国株	$1.7B	39/100 やや弱い	11.5%low 0.9%	10 yr+	3.7×	65%	—	FY2025
44	Ningbo Shuanglin Auto Parts 300100 · 深圳	$1.9B	38/100 やや弱い	1.8%low -54.4%	6 yr	0.2×	19%	—	FY2025
45	OppFi Inc OPFI · 米国株	$1.3B	38/100 やや弱い	32.3%low -9.6%	2 yr	4.8×	87%	—	FY2025
46	Beijing Urban Rural Commercial Group Co Ltd 600861 · 上海	$1.1B	38/100 やや弱い	6.1%low -3.3%	4 yr	Net cash	26%	—	FY2025
47	Euroseas Ltd ESEA · 米国株	$557M	38/100 やや弱い	16.7%low -50.3%	6 yr	0.1×	37%	—	FY2025
48	Energizer Holdings Inc ENR · 米国株	$1.4B	37/100 やや弱い	12.8%low -177.3%	3 yr	19.4×	41%	—	FY2025
49	Dennys Corp DENN · 米国株	$322M	37/100 やや弱い	33.5%^‡low 3.3%	4 yr	—	35%	—	FY2024
50	Caledonia Mining Corporation CMCL · 米国株	$355M	36/100 やや弱い	14.5%low -3.8%	2 yr	Net cash	41%	—	FY2025
51	Accel Entertainment Inc ACEL · 米国株	$978M	35/100 やや弱い	13.6%low -10.2%	5 yr	1.2×	33%	—	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.