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 cap "Mega ≥$200B"、Has reportで絞り込み：60 match(絞り込みを解除)。

# 銘柄 Mkt Cap Score▼ Baillie 10Y ROE Profit Streak Net Debt/Eq Gross Margin レポート FY
1 Visa Inc. Class A V · 米国株 $684B
95/100 卓越
49/100 35.7%low 18.2% 10 yr+ 0.1× 81% Visa Inc. Long-Term Business Owner Research2026年5月25日 · Watch FY2025
2 KLA Corporation KLAC · 米国株 $239B
93/100 卓越
52/100 55.9%low 44.2% 10 yr+ 0.2× 61% KLA Corporation: A Deep Value Investment Analysis2026年5月22日 · Watch FY2026
3 Kweichow Moutai Co Ltd 600519 · 上海 $236B
93/100 卓越
48/100 30.8%low 22.9% 10 yr+ Net cash 90% Kweichow Moutai: A Long-Term Business Owner's Perspective2026年5月21日 · Watch FY2025
4 ASML Holding NV ADR ASML · 米国株 $626B
92/100 卓越
55/100 36.5%low 15.9% 10 yr+ Net cash 49% ASML Holding N.V.: A €43–45bn Guidance Reset, 38x Forward Earnings, and No Conservative Margin of Safety2026年8月11日 · Hold FY2025
5 Applied Materials Inc AMAT · 米国株 $403B
92/100 卓越
48/100 38.9%low 23.8% 10 yr+ Net cash 46% Applied Materials Deep Value Investment Research2026年5月21日 · Watch FY2025
6 Roche Holding AG ROG · SW $326B
92/100 卓越
36/100 39.6%low 26.1% 10 yr+ 0.5× 72% Roche Zen Horizon Framework Deep Dive: A Diagnostics and Pharma Giant Past the Patent Cliff, with a Fair Price and Debated Growth2026年6月5日 · Hold FY2025
7 Microsoft Corporation MSFT · 米国株 $3.5T
91/100 卓越
67/100 34.6%low 20.0% 10 yr+ 0.1× 68% Microsoft: Azure Demand Is Real and the Moat Is Intact, but 393 USD Already Prices a Clean Conversion of the 190 Billion USD Capex Wave2026年7月29日 · Hold FY2026
8 Lam Research Corp LRCX · 米国株 $367B
90/100 卓越
49/100 48.3%low 24.3% 10 yr+ Net cash 47% Lam Research from a Long-Term Business Owner's Perspective2026年5月22日 · Watch FY2026
9 American Express Company AXP · 米国株 $227B
89/100 卓越
46/100 27.8%low 13.6% 10 yr+ 0.3× 87% American Express Closed-Loop Payments Platform Research2026年5月23日 · Watch FY2025
10 Arista Networks ANET · 米国株 $227B
88/100 卓越
56/100 24.1%low 15.3% 10 yr+ Net cash 64% Arista Networks：データセンター・スイッチングのリーダーに関する長期研究2026年5月23日 · ウォッチ FY2025
11 LOréal S.A. OR · パリ $222B
88/100 卓越
46/100 16.5%low 12.3% 10 yr+ 0.1× 73% L’Oréal: Record First-Half Margins and a Broad-Based Recovery, but 30 Times Earnings Already Prices In the China and Gucci Upside2026年8月5日 · Hold FY2025
12 Novo Nordisk A/S NOVO-B · CO $210B
88/100 卓越
52/100 59.3%low 52.8% 10 yr+ 0.5× 84% Novo Nordisk: A Long-Term Owner's Perspective2026年5月17日 · Watch FY2025
13 Cisco Systems Inc CSCO · 米国株 $457B
87/100 卓越
45/100 22.4%low 0.3% 10 yr+ 0.3× 63% Cisco Systems: A Value-Investing Deep Dive2026年5月22日 · Watch FY2025
14 Costco Wholesale Corp COST · 米国株 $422B
87/100 卓越
45/100 25.4%low 19.5% 10 yr+ Net cash 13% Costco: A Deep-Dive Value Investing Analysis2026年5月21日 · Watch FY2025
15 Mastercard Inc MA · 米国株 $502B
86/100 卓越
49/100 60.0%low 60.0% 10 yr+ 1.0× 77% Mastercard Deep Value Investment Research2026年5月25日 · Watch FY2025
16 Alphabet Inc Class C GOOG · 米国株 $4.4T
85/100 卓越
65/100 21.7%low 8.3% 10 yr+ Net cash 57% Alphabet: Search and Cloud Are Both Accelerating, but a 200 Billion Dollar Build Has Turned Free Cash Flow Negative and 333.68 Dollars Already Prices In the Base Case2026年7月31日 · Hold FY2025
17 Meta Platforms Inc. META · 米国株 $1.4T
84/100 卓越
56/100 24.3%low 17.3% 10 yr+ 0.0× 82% Meta Platforms: Revenue Grew 28% While Free Cash Flow Fell to 784 Million Dollars, and 556.71 Dollars Buys the Base Case With No Margin of Safety2026年8月1日 · Hold FY2025
18 UnitedHealth Group Incorporated UNH · 米国株 $376B
84/100 卓越
43/100 21.4%low 12.8% 10 yr+ 0.5× 23% UnitedHealth Group (UNH): A Deep-Dive Value Investing Study2026年5月25日 · Watch FY2025
19 Procter & Gamble Company PG · 米国株 $335B
84/100 卓越
44/100 26.6%low 8.3% 10 yr+ 0.4× 50% P&G Deep-Dive Value Research Report2026年5月25日 · Watch FY2026
20 Apple Inc. AAPL · 米国株 $4.5T
83/100 卓越
43/100 54.7%low 35.6% 10 yr+ 0.8× 41% Apple Inc.: Strip Out the Tariff Refunds and the 50.1% Margin Becomes 48.1%, While 308.91 Dollars Earns Less Than the Ten-Year Treasury2026年8月1日 · Hold FY2025
21 LVMH Moët Hennessy - Louis Vuitton MC · パリ $253B
83/100 卓越
44/100 19.2%low 12.1% 10 yr+ 0.3× 67% LVMH Moet Hennessy Louis Vuitton SE: Fashion & Leather Goods Supplies 71% of H1 2026 Recurring Operating Profit, and EUR 426.55 Sits 33% Above the EUR 320 Conservative Value2026年9月9日 · Hold FY2025
22 Taiwan Semiconductor Manufacturing TSM · 米国株 $2.1T
82/100 卓越
57/100 26.3%low 21.8% 10 yr+ Net cash 53% TSMC: Earnings Have Outrun the Share Price to a 28.1x Trailing Multiple, but a Limit-Up Close at NT$2,425 Leaves Only a Limited Margin of Safety2026年7月31日 · Hold FY2025
23 Johnson & Johnson JNJ · 米国株 $618B
82/100 卓越
48/100 25.5%low 2.2% 10 yr+ 0.3× 69% Johnson & Johnson Deep Value Analysis: A Good Company Is Not Cheap2026年5月25日 · Watch FY2025
24 Tencent Holdings Ltd 0700 · 香港株 $548B
82/100 卓越
53/100 21.1%low 13.2% 10 yr+ Net cash 48% Tencent Holdings: A 12.8% Re-Rating on an Unconfirmed WeChat Agent, While Q1 Disclosed RMB8.8 Billion of AI Drag2026年8月9日 · Hold FY2025
25 Texas Instruments Incorporated TXN · 米国株 $252B
82/100 卓越
49/100 46.2%low 28.4% 10 yr+ 0.6× 63% Texas Instruments Analog and Embedded Processors Research2026年5月23日 · Watch FY2025
26 NVIDIA Corporation NVDA · 米国株 $4.9T
81/100 卓越
66/100 39.9%low 19.8% 10 yr+ Net cash 64% NVIDIA: Demand Has Broadened Beyond the Hyperscalers, but Its Funding Base Has Not, and 197 USD Already Prices Continued Excellence2026年7月29日 · Hold FY2026
27 Nestle S.A. NESN · SW $265B
80/100 卓越
37/100 23.7%low 11.7% 10 yr+ 1.6× 48% Nestlé S.A.: A Narrow RIG Recovery Behind a 15-16x Operating Multiple Once L'Oréal's CHF 35bn Is Stripped Out, and CHF 78.31 Leaves No Conservative Margin of Safety2026年9月5日 · Hold FY2025
28 The Coca-Cola Company KO · 米国株 $377B
79/100 優良
47/100 36.8%low 7.3% 10 yr+ 1.0× 61% Coca-Cola Deep Value Investment Research2026年5月25日 · Watch FY2025
29 The Home Depot Inc HD · 米国株 $337B
78/100 優良
45/100 60.0%low 60.0% 10 yr+ 5.0× 34% The Home Depot: A Value Investing Deep Dive2026年5月25日 · Watch FY2026
30 Novartis AG NOVN · SW $306B
78/100 優良
46/100 20.9%low 9.0% 10 yr+ 0.6× 71% Novartis (NVS) Zen Horizon Research Report2026年6月8日 · Hold FY2025
31 SAP SE ADR SAP · 米国株 $231B
77/100 優良
45/100 12.6%low 5.7% 10 yr+ Net cash 71% SAP: A High-Quality Incumbent Late in Its Cloud Migration, Now Priced for Proof Rather Than Possibility2026年6月26日 · Hold FY2025
32 Philip Morris International Inc PM · 米国株 $297B
76/100 優良
46/100 49.2%‡low 24.0% 10 yr+ — 60% Philip Morris International: In-Depth Value Investment Research2026年5月25日 · Watch FY2025
33 Netflix Inc NFLX · 米国株 $299B
74/100 優良
51/100 25.2%low 7.0% 10 yr+ 0.2× 40% Netflix: A Long-Term Business Owner's Perspective2026年5月22日 · Watch FY2025
34 AbbVie Inc ABBV · 米国株 $443B
73/100 優良
45/100 54.6%low 35.2% 10 yr+ — 71% AbbVie: In-Depth Research from a Long-Term Business Owner's Perspective2026年5月21日 · Watch FY2025
35 Merck & Company Inc MRK · 米国株 $307B
71/100 優良
46/100 24.4%low 1.0% 10 yr+ 0.7× 70% Merck & Co.: KEYTRUDA and QLEX Generated 50.4% of Second-Quarter Revenue While Subcutaneous Sales Rose to 463 Million Dollars Before the 2028 Patent Cliff2026年8月5日 · Hold FY2025
36 International Business Machines IBM · 米国株 $211B
71/100 優良
46/100 34.1%low 7.5% 10 yr+ 1.6× 52% IBM Long-Term Owner's Perspective Research2026年5月25日 · Watch FY2025
37 MediaTek Inc 2454 · 台湾株 $226B
70/100 優良
50/100 17.2%low 7.4% 10 yr+ Net cash 41% MediaTek (2454.TW) Zen Horizon Framework Deep-Dive Research2026年6月9日 · Watch FY2025
38 Walmart Inc. WMT · 米国株 $885B
69/100 優良
46/100 16.0%low 8.4% 10 yr+ 0.6× 25% Walmart Research from a Long-Term Owner's Perspective2026年5月23日 · Watch FY2026
39 Thermo Fisher Scientific Inc TMO · 米国株 $213B
69/100 優良
47/100 13.3%low 8.8% 10 yr+ 0.5× 44% Thermo Fisher: A Long-Term Owner's Perspective2026年5月25日 · Watch FY2025
40 Morgan Stanley MS · 米国株 $331B
68/100 優良
46/100 11.1%low 7.9% 10 yr+ Net cash 77% Morgan Stanley Deep Value Investment Research Report2026年5月25日 · Watch FY2025
41 Amgen Inc AMGN · 米国株 $208B
67/100 優良
43/100 51.4%low 7.8% 10 yr+ 5.3× 76% Amgen Inc. Deep-Dive Value Investing Analysis2026年5月21日 · Watch FY2025
42 Oracle Corporation ORCL · 米国株 $374B
65/100 優良
52/100 46.3%low 7.8% 10 yr+ 2.9× 76% Oracle Corporation2026年7月28日 · Hold FY2026
43 AstraZeneca PLC AZN · 米国株 $279B
64/100 標準
51/100 15.4%low 0.3% 10 yr+ 0.5× 78% AstraZeneca：詳細リサーチレポート2026年6月15日 · ホールド FY2025
44 Broadcom Inc AVGO · 米国株 $1.9T
63/100 標準
56/100 24.2%low -7.9% 9 yr 0.6× 58% Broadcom: AI Revenue Grew 143% to 10.8 Billion Dollars, but 389.28 Dollars Buys the Base Case at a 1.30% Owner-Earnings Yield Against 4.74% Treasuries2026年8月1日 · Hold FY2025
45 Siemens AG ADR SIEGY · 米国株 $249B
63/100 標準
48/100 13.4%low 7.6% 10 yr+ 0.6× 35% Siemens AG (SIE.XETRA) Zen Horizon Research Report2026年6月9日 · Watch FY2025
46 Contemporary Amperex Technology Co., Limite 3750 · 香港株 $380B
62/100 標準
59/100 16.7%low 8.7% 10 yr+ Net cash 29% CATL：Zen Horizon Framework による徹底分析2026年6月4日 · 慎重な買い FY2025
47 Caterpillar Inc CAT · 米国株 $375B
60/100 標準
46/100 34.1%low -0.5% 9 yr 1.6× 31% Caterpillar Long-Term Value Investment Analysis2026年5月24日 · Watch FY2025
48 Arm Holdings plc American Depositary Shares ARM · 米国株 $256B
59/100 標準
55/100 11.3%low 5.8% 6 yr Net cash 92% Arm Holdings: A Deep-Dive Value Analysis2026年5月21日 · Watch FY2026
49 Eli Lilly and Company LLY · 米国株 $1.0T
58/100 標準
55/100 45.5%low -1.8% 8 yr 1.3× 78% Eli Lilly Deep Value Research: A Great Company at Too High a Price2026年5月25日 · Watch FY2025
50 Samsung Electronics Co Ltd 005930 · 韓国株 $1.7T
57/100 標準
38/100 12.1%low 4.1% 10 yr+ Net cash 38% Samsung Electronics: Device Solutions Supplied 99.7% of Second-Quarter Operating Profit, and at 230,500 Won the Shares Already Trade Above the 185,000 Won Conservative Value2026年8月6日 · Hold FY2025
51 Dell Technologies Inc DELL · 米国株 $262B
57/100 標準
48/100 20.6%‡low -4.7% 7 yr — 23% Dell Technologies Deep Value Research2026年5月25日 · Watch FY2026
52 Goldman Sachs Group Inc GS · 米国株 $309B
55/100 標準
45/100 10.7%low 5.2% 10 yr+ Net cash 65% Goldman Sachs Group Deep Value Investing Analysis2026年5月25日 · Watch FY2025
53 Linde plc Ordinary Shares LIN · 米国株 $221B
48/100 やや弱い
47/100 13.9%low 4.7% 10 yr+ 0.6× 32% In-Depth Value Investment Analysis of Linde plc2026年5月22日 · Watch FY2025
54 Palantir Technologies Inc. PLTR · 米国株 $295B
46/100 やや弱い
63/100 -12.7%low -76.6% 3 yr Net cash 76% Palantir Technologies Inc.: 93% Growth and a 47% GAAP Operating Margin, but $174.33 Already Equals the $172 Optimistic DCF Value2026年9月5日 · Watch FY2025
55 Amazon.com Inc AMZN · 米国株 $2.9T
44/100 やや弱い
62/100 16.5%low -1.9% 3 yr 0.1× 40% Amazon: AWS Demand and AI Commitments Are Real, but 230.86 USD Still Asks Investors to Fund a 200 Billion USD Capex Cycle Without a Margin of Safety2026年7月29日 · Hold FY2025
56 RTX Corporation RTX · 米国株 $290B
38/100 やや弱い
40/100 9.2%low -4.9% 5 yr 0.5× 21% RTX Corporation: A Record Backlog and a Documented GTF Recovery, Already Paid For by a 26% Re-Rating2026年8月7日 · Hold FY2025
57 Shell plc SHEL · LSE $238B
27/100 弱い
31/100 7.9%low -14.0% 5 yr 0.4× 11% Shell plc: $22.4 Billion Returned on 52% of Cash Flow, an Eight-Year Reserve Life, and No Margin of Safety at £34.102026年8月24日 · Hold FY2025
58 SK Hynix Inc 000660 · 韓国株 $1.2T
24/100 弱い
49/100 15.5%low -17.0% 2 yr — 41% Long-Term Value Investment Research on SK hynix2026年5月22日 · Watch FY2025
59 Micron Technology Inc MU · 米国株 $927B
23/100 弱い
48/100 12.8%low -13.2% 2 yr 0.1× 33% Micron Technology Re-coverage: From Memory Cycle to Contracted AI-Memory Oligopoly?2026年8月12日 · Hold FY2025
60 GE Aerospace GE · 米国株 $374B
21/100 弱い
47/100 5.1%low -43.4% 4 yr 0.4× 28% GE Aerospace Deep Value Investment Research2026年5月25日 · Watch 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.