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 "다소 약함", market cap "Large $10–200B", profit streak "≥5 yr" 필터 적용: 97 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Valero Energy Corporation VLO · 미국	$90B	49/100 다소 약함	15.3%low -7.6%	5 yr	0.3×	5%	—	FY2025
2	Johnson Controls International PLC JCI · 미국	$89B	49/100 다소 약함	8.7%low -3.4%	9 yr	0.8×	33%	—	FY2025
3	China Coal Energy Co Ltd 601898 · 상하이	$26B	49/100 다소 약함	8.4%low 2.4%	10 yr+	0.1×	26%	—	FY2025
4	Heineken Holding NV HEIO · 암스테르담	$22B	49/100 다소 약함	16.9%low -1.3%	5 yr	1.8×	37%	—	FY2025
5	China Jushi Co Ltd 600176 · 상하이	$21B	49/100 다소 약함	15.5%low 8.1%	10 yr+	0.4×	37%	—	FY2025
6	Tenet Healthcare Corporation THC · 미국	$21B	49/100 다소 약함	34.5%low -46.0%	6 yr	2.4×	41%	—	FY2025
7	Charter Communications Inc CHTR · 미국	$20B	49/100 다소 약함	25.0%low 3.4%	10 yr+	6.0×	37%	—	FY2025
8	Tencent Music Entertainment Group 1698 · 홍콩	$16B	49/100 다소 약함	7.3%low 0.4%	10 yr+	Net cash	36%	—	FY2025
9	China CSSC Holdings Ltd 600150 · 상하이	$37B	48/100 다소 약함	0.1%low -18.3%	8 yr	Net cash	6%	—	FY2025
10	nVent Electric PLC NVT · 미국	$25B	48/100 다소 약함	10.5%low -2.0%	5 yr	0.4×	39%	—	FY2025
11	XPO Logistics Inc XPO · 미국	$24B	48/100 다소 약함	18.9%low 2.6%	10 yr+	2.4×	12%	—	FY2025
12	Aluminum Corp of China Ltd 601600 · 상하이	$23B	48/100 다소 약함	7.2%low 1.0%	10 yr+	0.5×	11%	—	FY2025
13	Hangzhou Chang Chuan Technology Co Ltd 300604 · 선전	$22B	48/100 다소 약함	12.3%low 1.2%	10 yr+	0.0×	54%	—	FY2025
14	XCMG Construction Machinery Co Ltd 000425 · 선전	$15B	48/100 다소 약함	8.8%low 1.0%	10 yr+	0.2×	19%	—	FY2025
15	UDR Inc UDR · 미국	$14B	48/100 다소 약함	5.2%low 1.6%	10 yr+	1.9×	23%	—	FY2025
16	Ningbo Tuopu Group Co Ltd 601689 · 상하이	$11B	48/100 다소 약함	12.0%low 6.2%	10 yr+	0.2×	24%	—	FY2025
17	Guangzhou Tinci Materials Technology Co Ltd 002709 · 선전	$10B	48/100 다소 약함	17.1%low 0.6%	10 yr+	Net cash	29%	—	FY2025
18	MercadoLibre Inc. MELI · 미국	$95B	47/100 다소 약함	15.4%low -10.9%	5 yr	0.8×	49%	MercadoLibre: 장기 사업주의 관점에서 본 투자 분석2026년 5월 22일 · 관찰	FY2025
19	Expedia Group Inc. EXPE · 미국	$35B	47/100 다소 약함	11.9%low -103.2%	5 yr	Net cash	83%	—	FY2025
20	Huaneng Lancang River Hydropower Inc Class A 600025 · 상하이	$26B	47/100 다소 약함	9.1%low 1.5%	10 yr+	1.3×	53%	—	FY2025
21	Wistron Corp 3231 · 대만	$19B	47/100 다소 약함	12.7%low 4.4%	10 yr+	1.1×	6%	—	FY2025
22	Hengli Petrochemical Co Ltd 600346 · 상하이	$16B	47/100 다소 약함	19.8%low 4.4%	10 yr+	1.8×	13%	—	FY2025
23	Virtu Financial, Inc. VIRT · 미국	$13B	47/100 다소 약함	20.2%low -6.3%	6 yr	5.0×	58%	—	FY2025
24	Nextera Energy Inc NEE · 미국	$181B	46/100 다소 약함	13.1%low 8.0%	10 yr+	1.7×	57%	—	FY2025
25	BYD Co Ltd Class A 002594 · 선전	$122B	46/100 다소 약함	10.8%low 2.8%	10 yr+	0.1×	17%	—	FY2025
26	Ameren Corp AEE · 미국	$30B	46/100 다소 약함	9.8%low 7.3%	10 yr+	1.5×	44%	—	FY2025
27	Darden Restaurants Inc DRI · 미국	$23B	46/100 다소 약함	33.4%low -2.2%	6 yr	2.6×	26%	—	FY2026
28	Burlington Stores Inc BURL · 미국	$23B	46/100 다소 약함	35.6%low -46.6%	5 yr	2.6×	42%	—	FY2026
29	China Northern Rare Earth Group High-Tech Co Ltd 600111 · 상하이	$20B	46/100 다소 약함	11.5%low 1.1%	10 yr+	0.0×	16%	—	FY2025
30	Rexel S.A RXL · 파리	$11B	46/100 다소 약함	6.9%low -6.9%	5 yr	0.8×	25%	—	FY2025
31	Antero Midstream Partners LP AM · 미국	$10B	46/100 다소 약함	21.1%low -11.3%	5 yr	1.5×	62%	—	FY2025
32	T-Mobile US Inc TMUS · 미국	$185B	45/100 다소 약함	11.4%low 3.7%	10 yr+	2.0×	57%	—	FY2025
33	Iberdrola S.A. IBE · MC	$149B	45/100 다소 약함	9.8%low 7.3%	10 yr+	1.1×	46%	—	FY2025
34	Petroleo Brasileiro Petrobras SA ADR PBR · 미국	$123B	45/100 다소 약함	17.1%low -6.2%	8 yr	0.8×	44%	—	FY2025
35	Marriott International Inc MAR · 미국	$97B	45/100 다소 약함	33.4%low -62.1%	5 yr	—	19%	—	FY2025
36	Wheaton Precious Metals Corp WPM · 미국	$51B	45/100 다소 약함	7.8%low 1.2%	10 yr+	Net cash	54%	—	FY2025
37	Advanced Micro Fabrication Inc 688012 · 상하이	$46B	45/100 다소 약함	8.3%low 4.3%	9 yr	Net cash	45%	—	FY2025
38	Ares Management LP ARES · 미국	$42B	45/100 다소 약함	13.9%low 5.2%	10 yr+	3.1×	60%	—	FY2025
39	CLP Holdings 0002 · 홍콩	$25B	45/100 다소 약함	8.8%low 1.0%	10 yr+	0.6×	28%	—	FY2025
40	EVE Energy 300014 · 선전	$17B	45/100 다소 약함	13.4%low 9.8%	10 yr+	0.6×	22%	—	FY2025
41	Yunnan Aluminium Co Ltd 000807 · 선전	$13B	45/100 다소 약함	9.1%low -17.7%	7 yr	Net cash	13%	—	FY2025
42	Yara International ASA YAR · OL	$12B	45/100 다소 약함	8.6%low 0.2%	10 yr+	0.5×	26%	—	FY2025
43	Goertek Inc 002241 · 선전	$11B	45/100 다소 약함	10.2%low 3.5%	10 yr+	Net cash	15%	—	FY2025
44	Xiamen Tungsten Co Ltd 600549 · 상하이	$10B	45/100 다소 약함	9.1%low 2.3%	10 yr+	0.0×	16%	—	FY2025
45	PDD Holdings Inc. PDD · 미국	$126B	44/100 다소 약함	-9.1%low -81.9%	5 yr	Net cash	59%	—	FY2025
46	MPLX LP MPLX · 미국	$60B	44/100 다소 약함	18.6%low -5.2%	5 yr	1.7×	42%	—	FY2025
47	United Microelectronics Corporation 2303 · 대만	$52B	44/100 다소 약함	11.4%low 3.7%	10 yr+	Net cash	27%	—	FY2025
48	CMOC Group Ltd 3993 · 홍콩	$47B	44/100 다소 약함	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
49	United Microelectronics UMC · 미국	$47B	44/100 다소 약함	11.4%low 3.7%	10 yr+	Net cash	27%	—	FY2025
50	Antofagasta PLC ANTO · LSE	$46B	44/100 다소 약함	9.7%low 1.8%	10 yr+	0.3×	45%	—	FY2025
51	Heidelberg Materials AG HEI · XETRA	$31B	44/100 다소 약함	6.1%low -15.8%	5 yr	0.3×	58%	—	FY2025
52	China Molybdenum Co Ltd Class A 603993 · 상하이	$58B	43/100 다소 약함	11.6%low 4.6%	10 yr+	Net cash	19%	—	FY2025
53	Orange S.A. ORA · 파리	$48B	43/100 다소 약함	7.6%low 0.9%	10 yr+	1.4×	36%	—	FY2025
54	Veolia Environnement VE SA VIE · 파리	$27B	43/100 다소 약함	9.4%low 1.2%	10 yr+	1.7×	17%	—	FY2025
55	AVIC Chengdu Aircraft Co Ltd Class A 302132 · 선전	$22B	43/100 다소 약함	10.2%low 4.1%	10 yr+	0.0×	34%	—	FY2025
56	Equifax Inc EFX · 미국	$20B	43/100 다소 약함	12.6%low -14.9%	6 yr	1.1×	57%	—	FY2025
57	Sharetronic Data Technology Co Ltd 300857 · 선전	$17B	43/100 다소 약함	13.7%low 8.5%	10 yr+	2.1×	14%	—	FY2025
58	EOG Resources Inc EOG · 미국	$79B	42/100 다소 약함	15.3%low -7.8%	5 yr	0.2×	66%	—	FY2025
59	American Electric Power Co Inc AEP · 미국	$70B	42/100 다소 약함	9.7%low 3.5%	10 yr+	1.6×	28%	—	FY2025
60	Coterra Energy Inc CTRA · 미국	$25B	42/100 다소 약함	13.0%low -16.2%	9 yr	0.3×	37%	—	FY2025
61	Zhejiang Juhua Co Ltd 600160 · 상하이	$15B	42/100 다소 약함	9.4%low 0.8%	10 yr+	0.1×	17%	—	FY2025
62	Kinder Morgan Inc KMI · 미국	$72B	41/100 다소 약함	5.5%low 0.5%	10 yr+	1.0×	50%	—	FY2025
63	Barrick Mining Corporation B · 미국	$63B	41/100 다소 약함	7.5%low -20.3%	7 yr	Net cash	37%	—	FY2025
64	Aker BP ASA AKRBP · OL	$23B	41/100 다소 약함	10.9%low 1.2%	10 yr+	0.4×	59%	—	FY2025
65	Klepierre SA LI · 파리	$12B	41/100 다소 약함	6.6%low -9.6%	5 yr	0.9×	76%	—	FY2025
66	Equinor ASA EQNR · OL	$99B	40/100 다소 약함	14.2%low -16.2%	5 yr	Net cash	41%	—	FY2025
67	Vertiv Holdings Co VRT · 미국	$93B	40/100 다소 약함	-121.2%low -1213.7%	5 yr	0.4×	31%	—	FY2025
68	E.ON SE EOAN · XETRA	$53B	40/100 다소 약함	28.0%low 3.7%	9 yr	1.9×	19%	—	FY2025
69	InterContinental Hotels Group PLC IHG · LSE	$30B	40/100 다소 약함	51.3%^‡low -18.0%	5 yr	—	29%	—	FY2025
70	Federal Realty Investment Trust FRT · 미국	$11B	40/100 다소 약함	10.3%low 5.1%	10 yr+	1.5×	62%	—	FY2025
71	Walt Disney Company DIS · 미국	$167B	39/100 다소 약함	10.3%low -2.9%	5 yr	0.4×	38%	—	FY2025
72	Corning Incorporated GLW · 미국	$119B	39/100 다소 약함	8.6%low -3.2%	8 yr	0.7×	35%	—	FY2025
73	Marathon Petroleum Corp MPC · 미국	$92B	39/100 다소 약함	17.7%low -44.3%	5 yr	1.8×	7%	—	FY2025
74	Suncor Energy Inc SU · 미국	$79B	39/100 다소 약함	9.3%low -12.1%	5 yr	0.3×	60%	—	FY2025
75	Agnico Eagle Mines Limited AEM · 미국	$75B	39/100 다소 약함	7.0%low -7.2%	7 yr	Net cash	34%	—	FY2025
76	Gold Fields Ltd ADR GFI · 미국	$30B	39/100 다소 약함	13.4%low -12.9%	7 yr	0.2×	34%	—	FY2025
77	US Foods Holding Corp USFD · 미국	$22B	39/100 다소 약함	8.9%low -5.6%	5 yr	1.3×	17%	—	FY2025
78	China Merchants Energy Shipping Co Ltd 601872 · 상하이	$19B	39/100 다소 약함	11.1%low 5.6%	10 yr+	0.6×	24%	—	FY2025
79	SDIC Power Holdings Co Ltd 600886 · 상하이	$17B	39/100 다소 약함	10.5%low 4.8%	10 yr+	2.0×	39%	—	FY2025
80	Shanghai Precise Packaging Co Ltd 300442 · 선전	$15B	39/100 다소 약함	16.7%low -33.2%	7 yr	0.4×	44%	—	FY2025
81	Leonardo DRS, Inc. Common Stock DRS · 미국	$12B	39/100 다소 약함	0.5%low -46.7%	7 yr	Net cash	20%	—	FY2025
82	Zhejiang Huayou Cobalt Co Ltd 603799 · 상하이	$11B	39/100 다소 약함	13.5%low 1.5%	10 yr+	0.6×	18%	—	FY2025
83	Phillips 66 PSX · 미국	$85B	38/100 다소 약함	13.1%low -21.0%	5 yr	0.7×	5%	—	FY2025
84	Tenaris SA ADR TS · 미국	$29B	38/100 다소 약함	8.8%low -5.6%	5 yr	Net cash	32%	—	FY2025
85	HF Sinclair Corp DINO · 미국	$16B	38/100 다소 약함	9.2%low -11.6%	5 yr	0.2×	14%	—	FY2025
86	Western Mining Co Ltd 601168 · 상하이	$13B	38/100 다소 약함	9.8%low -23.5%	7 yr	0.9×	15%	—	FY2025
87	Hilton Worldwide Holdings Inc HLT · 미국	$72B	37/100 다소 약함	18.9%^‡low -7.2%	5 yr	—	30%	—	FY2025
88	DTE Energy Company DTE · 미국	$30B	37/100 다소 약함	11.1%low 9.6%	10 yr+	2.1×	32%	—	FY2025
89	Galp Energia SGPS S.A. GALP · LS	$17B	37/100 다소 약함	13.6%low -17.4%	5 yr	—	10%	—	FY2025
90	Royal Gold Inc RGLD · 미국	$17B	37/100 다소 약함	5.7%low -5.4%	7 yr	0.1×	79%	Royal Gold 심층 리서치2026년 6월 15일 · 보유	FY2025
91	Modine Manufacturing Company MOD · 미국	$11B	37/100 다소 약함	6.0%low -60.4%	5 yr	0.4×	18%	—	FY2026
92	Chifeng Jilong Gold Mining Co Ltd 600988 · 상하이	$11B	37/100 다소 약함	12.6%low -2.0%	7 yr	Net cash	32%	—	FY2025
93	Howmet Aerospace Inc HWM · 미국	$113B	36/100 다소 약함	10.1%low -18.3%	8 yr	0.4×	22%	—	FY2025
94	China Resources Power Holding 0836 · 홍콩	$13B	36/100 다소 약함	8.9%low 2.4%	10 yr+	1.9×	33%	—	FY2025
95	Southern Company SO · 미국	$109B	35/100 다소 약함	10.4%low 3.4%	10 yr+	2.0×	43%	—	FY2025
96	Schlumberger NV SLB · 미국	$74B	35/100 다소 약함	-4.5%low -86.9%	5 yr	0.3×	16%	—	FY2025
97	FedEx Corporation FDX · 미국	$73B	35/100 다소 약함	14.5%low 3.0%	10 yr+	0.9×	27%	—	FY2026

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.