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 "약함", market "US", market cap "Large $10–200B" 필터 적용: 56 match(필터 지우기).

#	종목	Mkt Cap	Score▼	Baillie	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Sea Ltd SE · 미국	$65B	34/100 약함	55/100	-41.2%low -125.8%	3 yr	Net cash	33%	Sea Limited (SE.US) Zen Horizon 보고서2026년 6월 9일 · 관찰	FY2025
2	Ferrovial SE FER · 미국	$47B	34/100 약함	50/100	11.3%low -13.3%	5 yr	1.1×	98%	Ferrovial NV In-Depth Value Research Report2026년 5월 22일 · Watch	FY2025
3	Plains All American Pipeline LP PAA · 미국	$17B	34/100 약함	—	7.1%low -26.6%	5 yr	0.7×	5%	—	FY2025
4	Api Group Corp APG · 미국	$17B	34/100 약함	—	4.5%low -9.8%	5 yr	0.6×	25%	—	FY2025
5	MGM Resorts International MGM · 미국	$12B	34/100 약함	34/100	17.6%low -15.9%	5 yr	22.3×	44%	MGM Resorts International: A Deep Value Investment Study2026년 5월 31일 · Watch	FY2025
6	Uber Technologies Inc UBER · 미국	$143B	33/100 약함	50/100	-15.4%low -124.5%	3 yr	0.2×	44%	Uber Technologies Deep Value Research2026년 5월 25일 · Watch	FY2025
7	Williams Companies Inc WMB · 미국	$87B	33/100 약함	43/100	11.6%low -9.1%	7 yr	2.3×	52%	The Williams Companies: A Long-Term Owner's Perspective2026년 5월 26일 · Watch	FY2025
8	MACOM Technology Solutions Holdings Inc MTSI · 미국	$19B	33/100 약함	42/100	-10.8%low -123.2%	0 yr	Net cash	48%	MACOM Technology Research from a Long-Term Owner's Perspective2026년 6월 3일 · Watch	FY2025
9	Aramark Holdings ARMK · 미국	$15B	33/100 약함	—	8.4%low -16.9%	4 yr	1.6×	9%	—	FY2025
10	Robinhood Markets Inc HOOD · 미국	$78B	32/100 약함	46/100	-7.0%low -50.6%	2 yr	0.5×	75%	Robinhood Markets Deep Value Research2026년 5월 26일 · Watch	FY2025
11	ConocoPhillips COP · 미국	$147B	31/100 약함	40/100	12.3%low -10.3%	5 yr	0.3×	21%	ConocoPhillips: A Long-Term Owner's Perspective2026년 5월 25일 · Watch	FY2025
12	Entergy Corporation ETR · 미국	$50B	31/100 약함	41/100	8.4%low -6.8%	9 yr	1.7×	37%	Entergy: A Research Report Through a Long-Term Corporate Owner's Lens2026년 5월 27일 · Watch	FY2025
13	Halliburton Company HAL · 미국	$27B	31/100 약함	35/100	-1.7%low -61.4%	5 yr	0.6×	21%	Halliburton: A Deep Dive on Long-Term Value2026년 5월 28일 · Watch	FY2025
14	Expand Energy Corporation EXE · 미국	$22B	31/100 약함	40/100	20.9%low -7.1%	1 yr	0.2×	27%	Expand Energy Corporation In-Depth Value Investment Research2026년 5월 29일 · Watch	FY2025
15	Alamos Gold Inc AGI · 미국	$12B	30/100 약함	—	4.0%low -2.8%	4 yr	Net cash	29%	—	FY2025
16	Edison International EIX · 미국	$28B	29/100 약함	38/100	8.8%low -2.9%	7 yr	2.4×	40%	—	FY2025
17	AT&T Inc. T · 미국	$159B	28/100 약함	39/100	9.4%low -8.7%	3 yr	1.4×	44%	—	FY2025
18	Newmont Goldcorp Corp NEM · 미국	$99B	28/100 약함	35/100	5.4%low -8.7%	2 yr	Net cash	25%	Newmont Through a Long-Term Owner's Lens2026년 5월 25일 · Watch	FY2025
19	Constellation Energy Corp CEG · 미국	$94B	28/100 약함	43/100	9.6%low -1.8%	3 yr	0.4×	23%	Constellation Energy: A Long-Term Value Investing Deep Dive2026년 5월 19일 · Watch	FY2025
20	LATAM Airlines Group S.A. LTM · 미국	$15B	28/100 약함	—	32.1%low 1.7%	4 yr	4.4×	19%	—	FY2025
21	DigitalOcean Holdings Inc DOCN · 미국	$14B	28/100 약함	—	-6.0%^‡low -58.0%	3 yr	—	58%	—	FY2025
22	Bristol-Myers Squibb Company BMY · 미국	$133B	27/100 약함	43/100	10.5%low -54.8%	1 yr	2.0×	63%	Bristol-Myers Squibb: A Deep Value-Investing Study2026년 5월 24일 · Watch	FY2025
23	Cheniere Energy Inc LNG · 미국	$54B	27/100 약함	48/100	14.8%^‡low -3.0%	4 yr	3.4×	31%	Cheniere Energy Zen Horizon Framework Deep-Dive Research2026년 6월 8일 · Hold	FY2025
24	Kinross Gold Corporation KGC · 미국	$28B	27/100 약함	36/100	8.3%low -10.4%	3 yr	Net cash	29%	Kinross Gold: A Gold-Levered Cash Machine in Transition, but at 23.50 USD the Unresolved Cost Gap Leaves No Margin of Safety2026년 7월 30일 · Hold	FY2025
25	Alcoa Corp AA · 미국	$12B	27/100 약함	—	-1.9%low -27.4%	2 yr	0.2×	13%	—	FY2025
26	Live Nation Entertainment Inc LYV · 미국	$41B	26/100 약함	41/100	-127.0%low -1243.4%	4 yr	1.8×	26%	Live Nation Entertainment: A Long-Term Business Owner's Perspective2026년 5월 27일 · Watch	FY2025
27	AngloGold Ashanti plc AU · 미국	$40B	26/100 약함	36/100	10.5%low -6.3%	2 yr	Net cash	29%	AngloGold Ashanti: A Re-Rated Major Gold Miner in Transition, Cash-Rich but Reserve-Light and Priced Near Fair Value2026년 6월 25일 · Hold	FY2025
28	Carpenter Technology Corporation CRS · 미국	$26B	26/100 약함	26/100	6.7%low -16.5%	4 yr	0.1×	17%	Carpenter Technology: A Long-Term Owner's View2026년 6월 3일 · Watch	FY2026
29	Dollar Tree Inc DLTR · 미국	$24B	26/100 약함	35/100	2.4%low -76.2%	1 yr	1.7×	33%	—	FY2026
30	Host Hotels & Resorts Inc HST · 미국	$17B	26/100 약함	36/100	7.6%low -11.6%	4 yr	0.7×	45%	Host Hotels & Resorts Deep Value Investment Research2026년 5월 30일 · Watch	FY2025
31	Hudbay Minerals Inc. HBM · 미국	$10B	26/100 약함	—	-0.7%low -18.6%	4 yr	0.2×	20%	—	FY2025
32	Freeport-McMoran Copper & Gold Inc FCX · 미국	$91B	25/100 약함	40/100	7.3%low -65.4%	6 yr	0.4×	25%	Freeport-McMoRan: A Long-Term Owner's Perspective2026년 5월 26일 · Watch	FY2025
33	Allegheny Technologies Incorporated ATI · 미국	$26B	25/100 약함	30/100	-20.0%low -301.8%	5 yr	0.8×	15%	ATI: A Long-Term Owner's Perspective2026년 6월 3일 · Watch	FY2025
34	Huazhu Group Ltd HTHT · 미국	$13B	25/100 약함	—	12.3%low -20.8%	3 yr	1.6×	27%	—	FY2025
35	Energy Transfer LP ET · 미국	$70B	24/100 약함	43/100	9.6%low -3.5%	5 yr	2.0×	19%	Energy Transfer LP: A Discounted Midstream Cash Cow Turning Its Asset Empire Into Disciplined Gas-Led Growth2026년 6월 21일 · Hold	FY2025
36	First Solar Inc FSLR · 미국	$23B	24/100 약함	43/100	4.8%low -8.0%	3 yr	Net cash	25%	First Solar: A Deep Value-Investing Analysis2026년 5월 28일 · Watch	FY2025
37	Eversource Energy ES · 미국	$27B	23/100 약함	35/100	7.1%low -3.1%	2 yr	1.9×	44%	Eversource Energy: A Long-Term Business Owner's Deep Dive2026년 5월 28일 · Watch	FY2025
38	Pan American Silver Corp. PAAS · 미국	$18B	23/100 약함	40/100	3.0%low -15.5%	2 yr	Net cash	19%	Pan American Silver: Juanicipio Upgrades the Silver Book, But $44 Already Pays for the Transition2026년 6월 25일 · Hold	FY2025
39	Antero Resources Corp AR · 미국	$11B	23/100 약함	—	0.1%low -20.8%	4 yr	0.7×	18%	—	FY2025
40	Public Service Enterprise Group Inc PEG · 미국	$38B	22/100 약함	40/100	9.4%low -4.5%	4 yr	1.4×	38%	PEG Long-Term Value Investment Report2026년 5월 27일 · Watch	FY2025
41	EQT Corporation EQT · 미국	$33B	22/100 약함	40/100	-1.1%low -20.5%	4 yr	0.3×	43%	EQT Corporation: A Long-Term Value Investing Deep Dive2026년 5월 20일 · Watch	FY2025
42	Southwest Airlines Company LUV · 미국	$22B	21/100 약함	33/100	10.3%low -34.6%	5 yr	0.3×	19%	Southwest Airlines Co.: A Value-Investing Deep Dive2026년 5월 29일 · Watch	FY2025
43	Coeur Mining Inc CDE · 미국	$15B	21/100 약함	38/100	-4.6%low -51.2%	2 yr	Net cash	31%	Coeur Mining: A Stronger Seven-Mine Platform, No Longer Cheap Enough to Ignore the Cycle2026년 7월 2일 · Hold	FY2025
44	APA Corporation APA · 미국	$13B	21/100 약함	33/100	6.3%low -108.0%	5 yr	0.7×	38%	APA Corporation: Upstream Oil & Gas and the Suriname Option2026년 5월 23일 · Watch	FY2025
45	Devon Energy Corporation DVN · 미국	$52B	20/100 약함	34/100	9.0%low -88.8%	5 yr	0.5×	23%	Devon Energy Deep Value Investment Analysis2026년 5월 27일 · Watch	FY2025
46	Millicom International Cellular SA TIGO · 미국	$16B	20/100 약함	37/100	5.2%low -16.7%	2 yr	2.2×	49%	—	FY2025
47	Dutch Bros Inc BROS · 미국	$11B	19/100 약함	—	6.5%low -13.4%	3 yr	1.2×	30%	—	FY2025
48	Delta Air Lines Inc DAL · 미국	$58B	18/100 약함	43/100	-57.2%low -807.4%	5 yr	0.8×	19%	Delta Air Lines: A Deep-Dive Value Investing Analysis2026년 5월 27일 · Watch	FY2025
49	Vistra Corp. VST · 미국	$50B	16/100 약함	43/100	12.9%low -25.0%	3 yr	3.8×	22%	Vistra Corp.: A Deep Study from the Long-Term Owner's Perspective2026년 5월 20일 · Watch	FY2025
50	Targa Resources Inc TRGP · 미국	$58B	14/100 약함	47/100	12.0%low -58.6%	5 yr	5.7×	14%	In-Depth Value Analysis of Targa Resources2026년 5월 26일 · Watch	FY2025
51	United Airlines Holdings Inc UAL · 미국	$39B	13/100 약함	37/100	2.6%low -118.6%	4 yr	1.2×	24%	—	FY2025
52	Life Time Group Holdings Inc LTH · 미국	$10B	13/100 약함	—	-4.2%low -27.7%	3 yr	2.1×	42%	—	FY2025
53	Korea Electric Power Corp ADR KEP · 미국	$16B	10/100 약함	—	-4.4%low -58.3%	2 yr	2.6×	3%	—	FY2025
54	Royal Caribbean Cruises Ltd RCL · 미국	$85B	7/100 약함	44/100	-6.7%low -103.4%	3 yr	2.2×	23%	Royal Caribbean: A Deep-Dive Value Investing Analysis2026년 5월 26일 · Watch	FY2025
55	FTAI Aviation Ltd. FTAI · 미국	$21B	7/100 약함	—	-89.4%low -1023.5%	3 yr	9.4×	26%	—	FY2025
56	Carnival Corporation CCL · 미국	$38B	6/100 약함	40/100	-12.4%low -86.3%	2 yr	2.1×	7%	Carnival Deep-Value Investment Analysis2026년 5월 24일 · 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.