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 cap "Large $10–200B", 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	Ferrovial SE FER · 미국	$47B	34/100 약함	11.3%low -13.3%	5 yr	1.1×	98%	—	FY2025
2	Hyosung Heavy Industries Corp 298040 · 한국	$24B	34/100 약함	6.3%low -2.5%	5 yr	—	14%	—	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	17.6%low -15.9%	5 yr	22.3×	44%	—	FY2025
6	Williams Companies Inc WMB · 미국	$87B	33/100 약함	11.6%low -9.1%	7 yr	2.3×	52%	—	FY2025
7	Piotech Inc. A 688072 · 상하이	$27B	33/100 약함	7.7%low -2.4%	5 yr	—	40%	—	FY2025
8	TotalEnergies SE TTE · 파리	$183B	32/100 약함	10.3%low -7.0%	5 yr	0.3×	27%	—	FY2025
9	Subsea 7 S.A. SUBC · OL	$10B	32/100 약함	0.7%low -26.1%	5 yr	0.1×	11%	—	FY2025
10	ConocoPhillips COP · 미국	$147B	31/100 약함	12.3%low -10.3%	5 yr	0.3×	21%	—	FY2025
11	Entergy Corporation ETR · 미국	$50B	31/100 약함	8.4%low -6.8%	9 yr	1.7×	37%	—	FY2025
12	Ferrovial S.A. FER · MC	$44B	31/100 약함	9.9%low -13.3%	5 yr	1.1×	22%	—	FY2025
13	Halliburton Company HAL · 미국	$27B	31/100 약함	-1.7%low -61.4%	5 yr	0.6×	21%	—	FY2025
14	Repsol S.A. REP · MC	$31B	30/100 약함	4.3%low -16.2%	5 yr	0.3×	17%	—	FY2025
15	Edison International EIX · 미국	$28B	29/100 약함	8.8%low -2.9%	7 yr	2.4×	40%	—	FY2025
16	Hygon Information Technology Co. Ltd. A 688041 · 상하이	$90B	28/100 약함	6.3%low -0.8%	5 yr	—	57%	—	FY2025
17	Samsung Biologics Co Ltd 207940 · 한국	$46B	27/100 약함	6.8%low -4.3%	8 yr	—	38%	—	FY2025
18	Naturgy Energy Group SA NTGY · MC	$29B	26/100 약함	11.0%low -25.8%	5 yr	1.3×	29%	—	FY2025
19	Freeport-McMoran Copper & Gold Inc FCX · 미국	$91B	25/100 약함	7.3%low -65.4%	6 yr	0.4×	25%	—	FY2025
20	Allegheny Technologies Incorporated ATI · 미국	$26B	25/100 약함	-20.0%low -301.8%	5 yr	0.8×	15%	—	FY2025
21	Energy Transfer LP ET · 미국	$70B	24/100 약함	9.6%low -3.5%	5 yr	2.0×	19%	—	FY2025
22	Engie S.A. ENGI · 파리	$74B	21/100 약함	4.1%low -6.9%	5 yr	1.2×	23%	—	FY2025
23	Southwest Airlines Company LUV · 미국	$22B	21/100 약함	10.3%low -34.6%	5 yr	0.3×	19%	—	FY2025
24	APA Corporation APA · 미국	$13B	21/100 약함	6.3%low -108.0%	5 yr	0.7×	38%	—	FY2025
25	Devon Energy Corporation DVN · 미국	$52B	20/100 약함	9.0%low -88.8%	5 yr	0.5×	23%	—	FY2025
26	Delta Air Lines Inc DAL · 미국	$58B	18/100 약함	-57.2%low -807.4%	5 yr	0.8×	19%	—	FY2025
27	Targa Resources Inc TRGP · 미국	$58B	14/100 약함	12.0%low -58.6%	5 yr	5.7×	14%	—	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.