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. market "US"、market cap "Large $10–200B"、Has reportで絞り込み:10 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 NetEase Inc NTES · 米国株 $85B
92/100 卓越
21.6%low 13.4% 10 yr+ Net cash 57% NetEase, Inc. 詳細調査レポート2026年6月15日 · ホールド FY2025
2 Heico Corporation HEI · 米国株 $50B
78/100 優良
15.7%low 12.8% 10 yr+ 0.5× 41% HEICO Corporation:詳細調査2026年6月15日 · ホールド FY2025
3 Toll Brothers Inc TOL · 米国株 $14B
71/100 優良
15.1%low 9.0% 10 yr+ 0.2× 23% Toll Brothers 詳細調査レポート2026年6月15日 · ホールド FY2025
4 New York Times Company NYT · 米国株 $12B
69/100 優良
10.6%low 0.5% 10 yr+ Net cash 51% ニューヨーク・タイムズ:バンドル経済が満額評価に到達2026年6月17日 · ホールド FY2025
5 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
6 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
7 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
8 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
9 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
10 Sea Ltd SE · 米国株 $65B
34/100 弱い
-41.2%low -125.8% 3 yr Net cash 33% Sea Limited(SE.US)Zen Horizonレポート2026年6月9日 · ウォッチ 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.