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 "Europe (incl. UK)"で絞り込み：52 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	Rolls-Royce Holdings PLC RR · LSE	$154B	49/100 やや弱い	36.9%^‡low 3.6%	3 yr	Net cash	17%	—	FY2025
2	Safran SA SAF · パリ	$151B	49/100 やや弱い	16.0%low -23.6%	1 yr	Net cash	44%	—	FY2025
3	Heineken Holding NV HEIO · アムステルダム	$22B	49/100 やや弱い	16.9%low -1.3%	5 yr	1.8×	37%	—	FY2025
4	Hugo Boss AG BOSS · XETRA	$2.8B	49/100 やや弱い	14.7%low -29.1%	5 yr	0.5×	62%	—	FY2025
5	Watches Of Switzerland Group PLC WOSG · LSE	$2.1B	49/100 やや弱い	12.0%low -2.3%	7 yr	0.8×	12%	—	FY2026
6	SÜSS MicroTec SE SMHN · XETRA	$1.9B	49/100 やや弱い	9.0%low -13.0%	6 yr	Net cash	35%	—	FY2025
7	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
8	Me Group International PLC MEGP · LSE	$561M	49/100 やや弱い	19.1%low -22.1%	5 yr	Net cash	27%	—	FY2025
9	Rubis SCA RUI · パリ	$3.7B	48/100 やや弱い	11.8%low 9.6%	10 yr+	0.5×	20%	—	FY2025
10	Investor AB ser. B INVE-B · ST	$135B	47/100 やや弱い	12.7%low -12.4%	3 yr	0.1×	99%	—	FY2025
11	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
12	Rexel S.A RXL · パリ	$11B	46/100 やや弱い	6.9%low -6.9%	5 yr	0.8×	25%	—	FY2025
13	Sodexo SA SW · パリ	$9.0B	46/100 やや弱い	12.1%low -11.6%	5 yr	0.9×	14%	—	FY2025
14	Nexans S.A. NEX · パリ	$7.6B	46/100 やや弱い	8.3%low -9.7%	6 yr	0.1×	12%	—	FY2025
15	XPS Pensions Group PLC XPS · LSE	$859M	46/100 やや弱い	5.1%low -46.7%	9 yr	0.4×	53%	—	FY2026
16	Iberdrola S.A. IBE · MC	$149B	45/100 やや弱い	9.8%low 7.3%	10 yr+	1.1×	46%	—	FY2025
17	Yara International ASA YAR · OL	$12B	45/100 やや弱い	8.6%low 0.2%	10 yr+	0.5×	26%	—	FY2025
18	NKT A/S NKT · CO	$8.6B	45/100 やや弱い	2.1%low -9.5%	5 yr	Net cash	34%	—	FY2025
19	ISS A/S ISS · CO	$6.9B	45/100 やや弱い	4.5%low -79.9%	5 yr	1.4×	83%	—	FY2025
20	Antofagasta PLC ANTO · LSE	$46B	44/100 やや弱い	9.7%low 1.8%	10 yr+	0.3×	45%	—	FY2025
21	Heidelberg Materials AG HEI · XETRA	$31B	44/100 やや弱い	6.1%low -15.8%	5 yr	0.3×	58%	—	FY2025
22	Mitie Group PLC MTO · LSE	$3.3B	44/100 やや弱い	11.2%low -59.0%	5 yr	0.9×	11%	—	FY2026
23	Chemring Group PLC CHG · LSE	$2.1B	44/100 やや弱い	5.6%low -13.9%	7 yr	0.2×	85%	—	FY2025
24	Orange S.A. ORA · パリ	$48B	43/100 やや弱い	7.6%low 0.9%	10 yr+	1.4×	36%	—	FY2025
25	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
26	Ackermans & Van Haaren NV ACKB · BR	$9.5B	43/100 やや弱い	9.8%low 6.5%	10 yr+	1.5×	28%	—	FY2025
27	Weir Group PLC WEIR · LSE	$8.7B	43/100 やや弱い	4.7%low -23.7%	5 yr	0.7×	36%	—	FY2025
28	RIT Capital Partners RCP · LSE	$4.1B	43/100 やや弱い	7.0%low -15.5%	3 yr	0.0×	100%	—	FY2025
29	Aena SA AENA · MC	$43B	42/100 やや弱い	16.1%low -7.8%	4 yr	0.5×	58%	—	FY2025
30	Uniper SE UN0 · XETRA	$19B	42/100 やや弱い	-47.1%low -453.4%	3 yr	Net cash	2%	—	FY2025
31	Elis SA ELIS · パリ	$5.7B	42/100 やや弱い	5.4%low 0.1%	10 yr+	1.0×	36%	—	FY2025
32	Aker BP ASA AKRBP · OL	$23B	41/100 やや弱い	10.9%low 1.2%	10 yr+	0.4×	59%	—	FY2025
33	Klepierre SA LI · パリ	$12B	41/100 やや弱い	6.6%low -9.6%	5 yr	0.9×	76%	—	FY2025
34	Severn Trent PLC SVT · LSE	$12B	41/100 やや弱い	16.9%low -6.9%	4 yr	5.5×	56%	—	FY2026
35	Equinor ASA EQNR · OL	$99B	40/100 やや弱い	14.2%low -16.2%	5 yr	Net cash	41%	—	FY2025
36	E.ON SE EOAN · XETRA	$53B	40/100 やや弱い	28.0%low 3.7%	9 yr	1.9×	19%	—	FY2025
37	InterContinental Hotels Group PLC IHG · LSE	$30B	40/100 やや弱い	51.3%^‡low -18.0%	5 yr	—	29%	—	FY2025
38	Siemens Energy AG ENR · XETRA	$135B	39/100 やや弱い	-3.2%low -53.3%	2 yr	Net cash	12%	—	FY2025
39	Telefonaktiebolaget LM Ericsson (publ) ERIC-B · ST	$33B	39/100 やや弱い	1.5%low -35.4%	2 yr	Net cash	38%	—	FY2025
40	Storebrand ASA STB · OL	$9.1B	39/100 やや弱い	10.0%low 6.2%	10 yr+	0.8×	17%	—	FY2025
41	Vestas Wind Systems A/S VWS · CO	$27B	38/100 やや弱い	10.7%low -51.6%	3 yr	Net cash	13%	—	FY2025
42	Koninklijke Philips NV PHIA · アムステルダム	$24B	38/100 やや弱い	6.3%low -12.1%	1 yr	0.5×	44%	—	FY2025
43	MTU Aero Engines AG MTX · XETRA	$21B	38/100 やや弱い	14.6%low -3.6%	2 yr	0.0×	15%	—	FY2025
44	Allegro.eu S.A. ALE · WAR	$12B	38/100 やや弱い	3.6%low -21.3%	3 yr	0.2×	80%	—	FY2025
45	Metlen Energy & Metals PLC MTLN · LSE	$7.1B	38/100 やや弱い	12.9%low 3.5%	10 yr+	1.0×	16%	—	FY2025
46	SBM Offshore N.V. SBMO · アムステルダム	$5.8B	38/100 やや弱い	10.3%low -6.2%	8 yr	1.8×	30%	—	FY2025
47	Galp Energia SGPS S.A. GALP · LS	$17B	37/100 やや弱い	13.6%low -17.4%	5 yr	—	10%	—	FY2025
48	Enagás S.A. ENG · MC	$4.8B	37/100 やや弱い	11.9%low -12.6%	1 yr	0.9×	89%	—	FY2025
49	Law Debenture Corp LWDB · LSE	$2.1B	37/100 やや弱い	9.2%low -10.8%	3 yr	0.1×	92%	—	FY2025
50	Carlsberg A/S CARL-B · CO	$19B	36/100 やや弱い	-2.5%low -175.6%	2 yr	2.2×	47%	—	FY2025
51	Neste Oil Oyj NESTE · HE	$25B	35/100 やや弱い	17.1%low -1.3%	1 yr	0.5×	14%	—	FY2025
52	Qinetiq Group PLC QQ · LSE	$3.5B	35/100 やや弱い	11.2%low -29.6%	1 yr	0.3×	33%	—	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.