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", Has report 필터 적용: 9 match(필터 지우기).

# 종목 Mkt Cap Score 10Y ROE Profit Streak Net Debt/Eq Gross Margin 리포트 FY
1 On Holding Ltd ONON · 미국 $13B
48/100 다소 약함
1.3%low -20.1% 4 yr Net cash 58% On Holding: 프리미엄 성장, 완벽함을 전제로 한 주가2026년 6월 17일 · 보유 FY2025
2 WuXi XDC Cayman Inc 2268 · 홍콩 $8.8B
48/100 다소 약함
17.4%low 5.2% 10 yr+ Net cash 30% 우시 XDC: ADC 제조 네트워크의 규모 확장2026년 6월 17일 · 보유 FY2025
3 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
4 Palantir Technologies Inc. PLTR · 미국 $295B
46/100 다소 약함
-12.7%low -76.6% 3 yr Net cash 76% 장기 소유주의 관점에서 본 팰런티어2026년 5월 18일 · 관찰 FY2025
5 Amazon.com Inc AMZN · 미국 $2.9T
44/100 다소 약함
16.5%low -1.9% 3 yr 0.1× 40% 아마존: 장기 보유자의 관점2026년 5월 19일 · 관찰 FY2025
6 Shopify Inc SHOP · 미국 $152B
44/100 다소 약함
-0.3%low -42.0% 3 yr Net cash 52% Shopify: 커머스 인프라 플랫폼2026년 5월 23일 · 관찰 FY2025
7 TAL Education Group TAL · 미국 $5.1B
40/100 다소 약함
2.2%low -28.4% 2 yr Net cash 53% TAL Education Group: 풍부한 현금으로 재건 중이나 하드웨어 지속성이 관건2026년 6월 18일 · 보유 FY2026
8 argenx NV ADR ARGX · 미국 $53B
38/100 다소 약함
-12.2%low -36.3% 2 yr Net cash 91% argenx (ARGX.US / ARGX.BR): Zen Horizon 리포트2026년 6월 9일 · 관찰 FY2025
9 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

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.