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 "우수", market "Europe (incl. UK)", Has report 필터 적용: 29 match(필터 지우기).

# 종목 Mkt Cap Score Baillie 10Y ROE Profit Streak Net Debt/Eq Gross Margin 리포트 FY
1 Sandvik AB SAND · ST $48B
79/100 우수
44/100 16.8%low 12.6% 10 yr+ 0.3× 40% Sandvik AB: A Record 22.6% Margin With SEK 550 Million of Tungsten Inside It, and No Margin of Safety at SEK 368.702026년 8월 21일 · Hold FY2025
2 Novartis AG NOVN · SW $306B
78/100 우수
46/100 20.9%low 9.0% 10 yr+ 0.6× 71% Novartis (NVS) Zen Horizon Research Report2026년 6월 8일 · Hold FY2025
3 Rio Tinto PLC RIO · LSE $148B
78/100 우수
38/100 22.4%low 11.8% 10 yr+ 0.2× 61% Rio Tinto: Copper EBITDA Rose 84% on 1% More Production, and £73.74 Sits Inside a £62–82 Hold Band2026년 9월 14일 · Hold FY2025
4 Swisscom AG SCMN · SW $41B
78/100 우수
37/100 16.8%low 10.4% 10 yr+ 0.2× 80% Swisscom AG: A 4.25% Dividend, a Finite Italian Synergy Bridge, and No Margin of Safety at CHF 6352026년 8월 20일 · Hold FY2025
5 Next PLC NXT · LSE $22B
78/100 우수
43/100 55.5%low 43.4% 10 yr+ 1.0× 40% NEXT plc: 23.9% International Growth, a £16.9 Million Platform, and 19.2 Times Earnings2026년 8월 30일 · Hold FY2026
6 Jeronimo Martins SGPS SA JMT · LS $12B
78/100 우수
42/100 22.6%low 15.5% 10 yr+ 21% Jerónimo Martins: EBITDA Up 7.6%, Net Profit Down 3.5%, and No Conservative Margin of Safety2026년 8월 31일 · Hold FY2025
7 ABB Ltd ABBN · SW $183B
77/100 우수
46/100 21.9%low 8.1% 10 yr+ 0.2× 33% ABB Ltd: 58% Electrification Order Growth, and a 19.5x EBITDA Test of Capital Discipline2026년 8월 11일 · Hold FY2025
8 Thales S.A. HO · 파리 $55B
77/100 우수
46/100 16.8%low 9.5% 10 yr+ 0.2× 25% Thales: A Genuine Defence-Electronics Quality Compounder, Priced Like the Best Case Is Already Locked In2026년 7월 7일 · Hold FY2025
9 Bunzl PLC BNZL · LSE $11B
76/100 우수
39/100 19.3%low 16.5% 10 yr+ 0.8× 20% Bunzl: 0.4% Underlying Growth, 237 Acquisitions, and 15.6 Times Earnings2026년 8월 29일 · Hold FY2025
10 Eckert & Ziegler Strahlen- und Medizintechnik AG EUZ · XETRA $1.0B
76/100 우수
44/100 14.4%low 9.1% 10 yr+ Net cash 48% Eckert & Ziegler SE: A Better Business, Not Yet a Better Price2026년 7월 15일 · Hold FY2025
11 Deutsche Post AG DHL · XETRA $70B
75/100 우수
38/100 19.6%low 14.0% 10 yr+ 0.9× 11% DHL AG: Express Supplies 60% of H1 Group EBIT on 31% of Revenue and German Mail Volume Falls 15%, but EUR 55.02 Sits 30% Above the EUR 42.2 Conservative Value2026년 9월 14일 · Hold FY2025
12 Intertek Group PLC ITRK · LSE $11B
75/100 우수
45/100 30.4%low 22.5% 10 yr+ 1.2× 32% 인터텍: 인수 제안을 받은 퀄리티 컴파운더2026년 6월 17일 · 보유 FY2025
13 Orkla ASA ORK · OL $11B
75/100 우수
35/100 14.3%low 9.8% 10 yr+ 0.3× 50% Orkla: Zero Organic Growth in the Controlled Portfolio, Jotun Operating Profit Up 21%, and a 21% NAV Discount at NOK 97.102026년 8월 25일 · Hold FY2025
14 Alfa Laval AB ALFA · ST $25B
74/100 우수
47/100 15.9%low 11.4% 10 yr+ 0.3× 34% Alfa Laval: A 35% Order Surge, a 2% Profit Increase, and 29 Times Earnings2026년 8월 27일 · Hold FY2025
15 SGS SA SGSN · SW $24B
74/100 우수
44/100 48.5%low 30.6% 10 yr+ 3.3× 48% SGS: 완전가치에 도달한 고품질 TIC 복리 성장 기업2026년 6월 17일 · 보유 FY2025
16 Skanska AB (publ) SKA-B · ST $12B
74/100 우수
38/100 15.3%low 8.9% 10 yr+ Net cash 9% Skanska AB: A Record SEK 297.5bn Backlog Rests on a 4.3% Contractor Margin, and SEK 271.90 Leaves No Conservative Margin of Safety2026년 9월 5일 · Hold FY2025
17 JD Sports Fashion PLC JD · LSE $5.4B
74/100 우수
37/100 20.6%low 6.7% 10 yr+ 0.9× 48% JD Sports Fashion plc: Cheap Cash Flow, Falling Like-for-Like Sales, and the Cost of Control2026년 9월 2일 · Watch FY2026
18 Prosus N.V. PRX · 암스테르담 $92B
72/100 우수
46/100 23.9%low 13.0% 10 yr+ 0.1× 37% Prosus N.V.: A 38.4% NAV Discount, a Tencent-Funded Buyback, and No Conservative Margin of Safety2026년 8월 20일 · Hold FY2026
19 ACS Actividades de Construccion y Servicios SA ACS · MC $32B
72/100 우수
44/100 20.8%low 12.0% 10 yr+ 0.4× 30% ACS Equity Research: Construction Scale, AI Infrastructure, and the Cost of a Re-rating2026년 8월 21일 · Hold FY2025
20 UCB SA UCB · BR $45B
71/100 우수
50/100 10.2%low 3.8% 10 yr+ Net cash 71% UCB SA: A Specialty-Biopharma Growth Platform That Has Already Re-Rated2026년 6월 29일 · Hold FY2025
21 Bureau Veritas SA BVI · 파리 $13B
70/100 우수
47/100 27.2%low 10.1% 10 yr+ 1.0× 30% 뷰로 베리타스: 품질 TIC, 재가속을 선반영한 주가2026년 6월 17일 · 보유 FY2025
22 Valmet Oyj VALMT · HE $5.2B
70/100 우수
41/100 15.0%low 9.3% 10 yr+ 0.3× 24% Valmet Oyj: Two Businesses, One Share Price, and a Separation Thesis Already Partly Priced2026년 9월 2일 · Hold FY2025
23 Schneider Electric S.E. SU · 파리 $176B
68/100 우수
45/100 12.5%low 8.5% 10 yr+ 0.6× 40% Schneider Electric (SU.PA) Zen Horizon Research Report2026년 6월 5일 · Watch FY2025
24 H & M Hennes & Mauritz AB (publ) HM-B · ST $30B
68/100 우수
32/100 20.2%low 2.3% 10 yr+ 2.4× 52% H&M: The Margin Repair Is Real, the Growth Engine Is Not, and 23.8x Leaves No Cushion2026년 8월 20일 · Hold FY2025
25 Compagnie Financière Richemont SA CFR · SW $143B
67/100 우수
48/100 9.6%low 1.7% 10 yr+ Net cash 64% Compagnie Financière Richemont SA: Jewellery Earns EUR 5.04bn of Operating Profit While Watchmakers Earn EUR 107m, and CHF 183.65 Sits 18% Above the Conservative Value2026년 9월 9일 · Hold FY2026
26 ASM International NV ASM · 암스테르담 $42B
67/100 우수
45/100 16.8%low 6.7% 10 yr+ Net cash 47% ASM International Deep Value Investment Analysis2026년 6월 4일 · Watch FY2025
27 Hexagon AB (publ) HEXA-B · ST $25B
67/100 우수
50/100 10.6%low 6.0% 10 yr+ 0.3× 64% Hexagon AB (HEXA-B.ST) Zen Horizon Deep-Dive Research Report2026년 6월 9일 · Watch FY2025
28 SCHOTT Pharma AG & Co. KGaA 1SXP · XETRA $2.9B
67/100 우수
35/100 20.6%low 16.4% 6 yr 35% SCHOTT Pharma: A GLP-1 Boom Priced by the Dose, Not the Drug, and a Capacity Bill That Has Yet to Prove Its Return2026년 8월 6일 · Hold FY2025
29 Danone SA BN · 파리 $47B
66/100 우수
40/100 11.2%low 5.4% 10 yr+ 0.5× 49% Danone: 55% of Profit in One Category, a Shrinking Chinese Birth Cohort, and Why 17.3x Leaves No Margin of Safety2026년 8월 20일 · Hold 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.