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)", profit streak "≥5 yr" 필터 적용: 76 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Sandvik AB SAND · ST	$48B	79/100 우수	16.8%low 12.6%	10 yr+	0.3×	40%	—	FY2025
2	VAT Group AG VACN · SW	$23B	79/100 우수	25.0%low 13.2%	10 yr+	0.1×	48%	—	FY2025
3	Partners Group Holding AG PGHN · SW	$22B	79/100 우수	42.6%low 35.4%	10 yr+	1.0×	71%	—	FY2025
4	Amundi SA AMUN · 파리	$21B	79/100 우수	15.3%low 8.3%	10 yr+	Net cash	54%	—	FY2025
5	Pandora A/S PNDORA · CO	$9.4B	79/100 우수	56.2%low 26.2%	10 yr+	3.4×	76%	—	FY2025
6	HEXPOL AB (publ) HPOL-B · ST	$3.3B	79/100 우수	17.4%low 13.9%	10 yr+	0.2×	21%	—	FY2025
7	Dunelm Group PLC DNLM · LSE	$2.3B	79/100 우수	56.5%low 45.8%	10 yr+	2.9×	48%	—	FY2025
8	Novartis AG NOVN · SW	$306B	78/100 우수	20.9%low 9.0%	10 yr+	0.6×	71%	—	FY2025
9	Rio Tinto PLC RIO · LSE	$148B	78/100 우수	22.4%low 11.8%	10 yr+	0.2×	61%	—	FY2025
10	Swisscom AG SCMN · SW	$41B	78/100 우수	16.8%low 10.4%	10 yr+	0.2×	80%	—	FY2025
11	Next PLC NXT · LSE	$22B	78/100 우수	55.5%low 43.4%	10 yr+	1.0×	40%	—	FY2026
12	Jeronimo Martins SGPS SA JMT · LS	$12B	78/100 우수	22.6%low 15.5%	10 yr+	—	21%	—	FY2025
13	Softcat plc SCT · LSE	$4.8B	78/100 우수	48.1%low 38.0%	10 yr+	Net cash	28%	—	FY2025
14	Alpha Group International plc ALPH · LSE	$2.3B	78/100 우수	30.6%low 14.3%	10 yr+	Net cash	78%	—	FY2024
15	Bytes Technology Ltd BYIT · LSE	$1.2B	78/100 우수	54.3%low 35.9%	10 yr+	Net cash	54%	—	FY2026
16	ABB Ltd ABBN · SW	$183B	77/100 우수	21.9%low 8.1%	10 yr+	0.2×	33%	—	FY2025
17	Thales S.A. HO · 파리	$55B	77/100 우수	16.8%low 9.5%	10 yr+	0.2×	25%	—	FY2025
18	Biomerieux SA BIM · 파리	$8.8B	77/100 우수	12.8%low 9.5%	10 yr+	Net cash	55%	—	FY2025
19	Imperial Brands PLC IMB · LSE	$28B	76/100 우수	31.7%low 11.9%	10 yr+	1.8×	20%	—	FY2025
20	Beiersdorf Aktiengesellschaft BEI · XETRA	$18B	76/100 우수	11.2%low 8.8%	10 yr+	Net cash	58%	—	FY2025
21	Bunzl PLC BNZL · LSE	$11B	76/100 우수	19.3%low 16.5%	10 yr+	0.8×	20%	—	FY2025
22	Eckert & Ziegler Strahlen- und Medizintechnik AG EUZ · XETRA	$1.0B	76/100 우수	14.4%low 9.1%	10 yr+	Net cash	48%	—	FY2025
23	Deutsche Post AG DHL · XETRA	$70B	75/100 우수	19.6%low 14.0%	10 yr+	0.9×	11%	—	FY2025
24	Siemens Healthineers AG SHL · XETRA	$45B	75/100 우수	19.1%low 8.3%	10 yr+	0.7×	39%	—	FY2025
25	Coca Cola HBC AG CCH · LSE	$23B	75/100 우수	17.5%low 12.0%	10 yr+	0.3×	37%	—	FY2025
26	Intertek Group PLC ITRK · LSE	$11B	75/100 우수	30.4%low 22.5%	10 yr+	1.2×	32%	인터텍: 인수 제안을 받은 퀄리티 컴파운더2026년 6월 17일 · 보유	FY2025
27	Orkla ASA ORK · OL	$11B	75/100 우수	14.3%low 9.8%	10 yr+	0.3×	50%	—	FY2025
28	A.G.Barr PLC BAG · LSE	$909M	75/100 우수	14.1%low 8.3%	10 yr+	Net cash	42%	—	FY2026
29	Alfa Laval AB ALFA · ST	$25B	74/100 우수	15.9%low 11.4%	10 yr+	0.3×	34%	—	FY2025
30	SGS SA SGSN · SW	$24B	74/100 우수	48.5%low 30.6%	10 yr+	3.3×	48%	SGS: 완전가치에 도달한 고품질 TIC 복리 성장 기업2026년 6월 17일 · 보유	FY2025
31	Skanska AB (publ) SKA-B · ST	$12B	74/100 우수	15.3%low 8.9%	10 yr+	Net cash	9%	—	FY2025
32	CD PROJEKT SA CDR · WAR	$6.8B	74/100 우수	21.5%low 10.9%	10 yr+	Net cash	76%	—	FY2025
33	JD Sports Fashion PLC JD · LSE	$5.4B	74/100 우수	20.6%low 6.7%	10 yr+	0.9×	48%	—	FY2026
34	ITV PLC ITV · LSE	$3.5B	74/100 우수	35.3%low 11.8%	10 yr+	0.3×	19%	—	FY2025
35	Hill & Smith Holdings PLC HILS · LSE	$2.9B	74/100 우수	14.9%low 7.5%	10 yr+	0.1×	38%	—	FY2025
36	4Imprint Group Plc FOUR · LSE	$1.5B	74/100 우수	50.9%low 4.7%	10 yr+	Net cash	29%	—	FY2025
37	Telecom Plus PLC TEP · LSE	$858M	74/100 우수	20.9%low 11.8%	10 yr+	0.5×	18%	—	FY2026
38	Bechtle AG BC8 · XETRA	$4.9B	73/100 우수	15.1%low 11.2%	10 yr+	0.1×	16%	—	FY2025
39	Prosus N.V. PRX · 암스테르담	$92B	72/100 우수	23.9%low 13.0%	10 yr+	0.1×	37%	—	FY2026
40	ACS Actividades de Construccion y Servicios SA ACS · MC	$32B	72/100 우수	20.8%low 12.0%	10 yr+	0.4×	30%	—	FY2025
41	AB Volvo (publ) VOLV-B · ST	$79B	71/100 우수	20.9%low 13.3%	10 yr+	1.0×	24%	—	FY2025
42	UCB SA UCB · BR	$45B	71/100 우수	10.2%low 3.8%	10 yr+	Net cash	71%	—	FY2025
43	Telenor ASA TEL · OL	$20B	71/100 우수	25.4%low 5.6%	10 yr+	1.1×	75%	—	FY2025
44	Genmab A/S GMAB · CO	$18B	71/100 우수	18.6%low 13.3%	10 yr+	0.7×	99%	—	FY2025
45	Britvic PLC BVIC · LSE	$4.2B	71/100 우수	31.9%low 19.5%	10 yr+	2.0×	45%	—	FY2024
46	B&M European Value Retail SA BME · LSE	$2.8B	71/100 우수	29.4%low 8.3%	10 yr+	2.6×	36%	—	FY2026
47	Capgemini SE CAP · 파리	$18B	70/100 우수	13.3%low 9.8%	10 yr+	0.6×	26%	—	FY2025
48	Kerry Group KRZ · IR	$14B	70/100 우수	12.8%low 9.7%	10 yr+	0.4×	47%	—	FY2025
49	Bureau Veritas SA BVI · 파리	$13B	70/100 우수	27.2%low 10.1%	10 yr+	1.0×	30%	뷰로 베리타스: 품질 TIC, 재가속을 선반영한 주가2026년 6월 17일 · 보유	FY2025
50	Balfour Beatty plc BBY · LSE	$5.3B	70/100 우수	12.8%low 2.2%	10 yr+	Net cash	5%	—	FY2025
51	Valmet Oyj VALMT · HE	$5.2B	70/100 우수	15.0%low 9.3%	10 yr+	0.3×	24%	—	FY2025
52	EQT AB (publ) EQT · ST	$41B	69/100 우수	21.8%low 2.2%	10 yr+	Net cash	62%	—	FY2025
53	Cranswick PLC CWK · LSE	$3.6B	69/100 우수	13.8%low 12.4%	10 yr+	0.2×	14%	—	FY2026
54	Ashmore Group Plc ASHM · LSE	$1.7B	69/100 우수	17.0%low 9.3%	10 yr+	Net cash	71%	—	FY2025
55	Schneider Electric S.E. SU · 파리	$176B	68/100 우수	12.5%low 8.5%	10 yr+	0.6×	40%	—	FY2025
56	Chocoladefabriken Lindt & Spruengli AG N LISN · SW	$131B	68/100 우수	11.8%low 7.0%	10 yr+	0.2×	63%	—	FY2025
57	H & M Hennes & Mauritz AB (publ) HM-B · ST	$30B	68/100 우수	20.2%low 2.3%	10 yr+	2.4×	52%	—	FY2025
58	Koninklijke KPN NV KPN · 암스테르담	$17B	68/100 우수	23.9%low 13.9%	10 yr+	3.2×	61%	—	FY2025
59	Diploma PLC DPLM · LSE	$12B	68/100 우수	15.5%low 9.4%	10 yr+	0.4×	34%	—	FY2025
60	AAK AB AAK · ST	$5.7B	68/100 우수	15.0%low 11.8%	10 yr+	0.2×	25%	—	FY2025
61	CMC Markets PLC CMCX · LSE	$2.3B	68/100 우수	19.4%low 2.9%	10 yr+	Net cash	76%	—	FY2026
62	Compagnie Financière Richemont SA CFR · SW	$143B	67/100 우수	9.6%low 1.7%	10 yr+	Net cash	64%	—	FY2026
63	ASM International NV ASM · 암스테르담	$42B	67/100 우수	16.8%low 6.7%	10 yr+	Net cash	47%	—	FY2025
64	ASSA ABLOY AB (publ) ASSA-B · ST	$42B	67/100 우수	14.4%low 5.3%	10 yr+	0.6×	40%	—	FY2025
65	Hexagon AB (publ) HEXA-B · ST	$25B	67/100 우수	10.6%low 6.0%	10 yr+	0.3×	64%	—	FY2025
66	Essity AB (publ) ESSITY-B · ST	$20B	67/100 우수	15.8%low 8.3%	10 yr+	0.3×	29%	—	FY2025
67	SCHOTT Pharma AG & Co. KGaA 1SXP · XETRA	$2.9B	67/100 우수	20.6%low 16.4%	6 yr	—	35%	—	FY2025
68	Danone SA BN · 파리	$47B	66/100 우수	11.2%low 5.4%	10 yr+	0.5×	49%	—	FY2025
69	Kuehne & Nagel KNIN · SW	$31B	66/100 우수	40.7%low 31.8%	10 yr+	1.5×	17%	—	FY2025
70	Boliden AB BOL · ST	$14B	66/100 우수	15.8%low 10.8%	10 yr+	0.2×	18%	—	FY2025
71	Akzo Nobel NV AKZA · 암스테르담	$11B	66/100 우수	16.4%low 8.1%	10 yr+	0.6×	41%	—	FY2025
72	Galenica Sante AG GALE · SW	$5.5B	66/100 우수	14.7%low 11.8%	10 yr+	0.6×	13%	—	FY2025
73	Redrow PLC RDW · LSE	$3.3B	66/100 우수	16.0%low 6.9%	10 yr+	0.0×	22%	—	FY2023
74	freenet AG FNTN · XETRA	$3.1B	66/100 우수	14.2%low 5.4%	10 yr+	0.4×	32%	—	FY2025
75	Ipsen SA IPN · 파리	$15B	65/100 우수	15.7%low -3.1%	6 yr	Net cash	81%	—	FY2025
76	Beijer Ref AB (publ) BEIJ-B · ST	$7.3B	65/100 우수	15.5%low 9.3%	10 yr+	0.4×	29%	—	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.