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 "최상위", market cap "Mega ≥$200B", profit streak "≥5 yr" 필터 적용: 27 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Visa Inc. Class A V · 미국	$684B	95/100 최상위	35.7%low 18.2%	10 yr+	0.1×	81%	—	FY2025
2	KLA Corporation KLAC · 미국	$239B	93/100 최상위	55.9%low 44.2%	10 yr+	0.2×	61%	—	FY2026
3	Kweichow Moutai Co Ltd 600519 · 상하이	$236B	93/100 최상위	30.8%low 22.9%	10 yr+	Net cash	90%	—	FY2025
4	ASML Holding NV ADR ASML · 미국	$626B	92/100 최상위	36.5%low 15.9%	10 yr+	Net cash	49%	—	FY2025
5	Applied Materials Inc AMAT · 미국	$403B	92/100 최상위	38.9%low 23.8%	10 yr+	Net cash	46%	—	FY2025
6	Roche Holding AG ROG · SW	$326B	92/100 최상위	39.6%low 26.1%	10 yr+	0.5×	72%	—	FY2025
7	Microsoft Corporation MSFT · 미국	$3.5T	91/100 최상위	34.6%low 20.0%	10 yr+	0.1×	68%	—	FY2026
8	Lam Research Corp LRCX · 미국	$367B	90/100 최상위	48.3%low 24.3%	10 yr+	Net cash	47%	—	FY2026
9	American Express Company AXP · 미국	$227B	89/100 최상위	27.8%low 13.6%	10 yr+	0.3×	87%	—	FY2025
10	Arista Networks ANET · 미국	$227B	88/100 최상위	24.1%low 15.3%	10 yr+	Net cash	64%	Arista Networks: 데이터센터 스위칭 선도 기업에 대한 장기 연구2026년 5월 23일 · 관찰	FY2025
11	LOréal S.A. OR · 파리	$222B	88/100 최상위	16.5%low 12.3%	10 yr+	0.1×	73%	—	FY2025
12	Novo Nordisk A/S NOVO-B · CO	$210B	88/100 최상위	59.3%low 52.8%	10 yr+	0.5×	84%	—	FY2025
13	Cisco Systems Inc CSCO · 미국	$457B	87/100 최상위	22.4%low 0.3%	10 yr+	0.3×	63%	—	FY2025
14	Costco Wholesale Corp COST · 미국	$422B	87/100 최상위	25.4%low 19.5%	10 yr+	Net cash	13%	—	FY2025
15	Mastercard Inc MA · 미국	$502B	86/100 최상위	60.0%low 60.0%	10 yr+	1.0×	77%	—	FY2025
16	Alphabet Inc Class C GOOG · 미국	$4.4T	85/100 최상위	21.7%low 8.3%	10 yr+	Net cash	57%	—	FY2025
17	Meta Platforms Inc. META · 미국	$1.4T	84/100 최상위	24.3%low 17.3%	10 yr+	0.0×	82%	Meta Platforms: 딥 밸류 투자 연구2026년 5월 19일 · 관찰	FY2025
18	UnitedHealth Group Incorporated UNH · 미국	$376B	84/100 최상위	21.4%low 12.8%	10 yr+	0.5×	23%	—	FY2025
19	Procter & Gamble Company PG · 미국	$335B	84/100 최상위	26.6%low 8.3%	10 yr+	0.4×	50%	—	FY2026
20	Apple Inc. AAPL · 미국	$4.5T	83/100 최상위	54.7%low 35.6%	10 yr+	0.8×	41%	—	FY2025
21	LVMH Moët Hennessy - Louis Vuitton MC · 파리	$253B	83/100 최상위	19.2%low 12.1%	10 yr+	0.3×	67%	—	FY2025
22	Taiwan Semiconductor Manufacturing TSM · 미국	$2.1T	82/100 최상위	26.3%low 21.8%	10 yr+	Net cash	53%	TSMC: 가치투자 심층 연구2026년 5월 22일 · 관찰	FY2025
23	Johnson & Johnson JNJ · 미국	$618B	82/100 최상위	25.5%low 2.2%	10 yr+	0.3×	69%	—	FY2025
24	Tencent Holdings Ltd 0700 · 홍콩	$548B	82/100 최상위	21.1%low 13.2%	10 yr+	Net cash	48%	텐센트 홀딩스: 심층 리서치 연구2026년 5월 28일 · 신중 매수	FY2025
25	Texas Instruments Incorporated TXN · 미국	$252B	82/100 최상위	46.2%low 28.4%	10 yr+	0.6×	63%	—	FY2025
26	NVIDIA Corporation NVDA · 미국	$4.9T	81/100 최상위	39.9%low 19.8%	10 yr+	Net cash	64%	NVIDIA 투자 메모2026년 5월 22일 · 관찰	FY2026
27	Nestle S.A. NESN · SW	$265B	80/100 최상위	23.7%low 11.7%	10 yr+	1.6×	48%	—	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.