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. market "US", market cap "Mega ≥$200B", profit streak "≥5 yr" 필터 적용: 44 match(필터 지우기).

#	종목	Mkt Cap	Score▼	Baillie	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Visa Inc. Class A V · 미국	$684B	95/100 최상위	49/100	35.7%low 18.2%	10 yr+	0.1×	81%	Visa Inc. Long-Term Business Owner Research2026년 5월 25일 · Watch	FY2025
2	KLA Corporation KLAC · 미국	$239B	93/100 최상위	52/100	55.9%low 44.2%	10 yr+	0.2×	61%	KLA Corporation: A Deep Value Investment Analysis2026년 5월 22일 · Watch	FY2026
3	ASML Holding NV ADR ASML · 미국	$626B	92/100 최상위	55/100	36.5%low 15.9%	10 yr+	Net cash	49%	ASML Holding N.V.: A €43–45bn Guidance Reset, 38x Forward Earnings, and No Conservative Margin of Safety2026년 8월 11일 · Hold	FY2025
4	Applied Materials Inc AMAT · 미국	$403B	92/100 최상위	48/100	38.9%low 23.8%	10 yr+	Net cash	46%	Applied Materials Deep Value Investment Research2026년 5월 21일 · Watch	FY2025
5	Microsoft Corporation MSFT · 미국	$3.5T	91/100 최상위	67/100	34.6%low 20.0%	10 yr+	0.1×	68%	Microsoft: Azure Demand Is Real and the Moat Is Intact, but 393 USD Already Prices a Clean Conversion of the 190 Billion USD Capex Wave2026년 7월 29일 · Hold	FY2026
6	Lam Research Corp LRCX · 미국	$367B	90/100 최상위	49/100	48.3%low 24.3%	10 yr+	Net cash	47%	Lam Research from a Long-Term Business Owner's Perspective2026년 5월 22일 · Watch	FY2026
7	American Express Company AXP · 미국	$227B	89/100 최상위	46/100	27.8%low 13.6%	10 yr+	0.3×	87%	American Express Closed-Loop Payments Platform Research2026년 5월 23일 · Watch	FY2025
8	Arista Networks ANET · 미국	$227B	88/100 최상위	56/100	24.1%low 15.3%	10 yr+	Net cash	64%	Arista Networks: 데이터센터 스위칭 선도 기업에 대한 장기 연구2026년 5월 23일 · 관찰	FY2025
9	Cisco Systems Inc CSCO · 미국	$457B	87/100 최상위	45/100	22.4%low 0.3%	10 yr+	0.3×	63%	Cisco Systems: A Value-Investing Deep Dive2026년 5월 22일 · Watch	FY2025
10	Costco Wholesale Corp COST · 미국	$422B	87/100 최상위	45/100	25.4%low 19.5%	10 yr+	Net cash	13%	Costco: A Deep-Dive Value Investing Analysis2026년 5월 21일 · Watch	FY2025
11	Mastercard Inc MA · 미국	$502B	86/100 최상위	49/100	60.0%low 60.0%	10 yr+	1.0×	77%	Mastercard Deep Value Investment Research2026년 5월 25일 · Watch	FY2025
12	Alphabet Inc Class C GOOG · 미국	$4.4T	85/100 최상위	65/100	21.7%low 8.3%	10 yr+	Net cash	57%	Alphabet: Search and Cloud Are Both Accelerating, but a 200 Billion Dollar Build Has Turned Free Cash Flow Negative and 333.68 Dollars Already Prices In the Base Case2026년 7월 31일 · Hold	FY2025
13	Meta Platforms Inc. META · 미국	$1.4T	84/100 최상위	56/100	24.3%low 17.3%	10 yr+	0.0×	82%	Meta Platforms: Revenue Grew 28% While Free Cash Flow Fell to 784 Million Dollars, and 556.71 Dollars Buys the Base Case With No Margin of Safety2026년 8월 1일 · Hold	FY2025
14	UnitedHealth Group Incorporated UNH · 미국	$376B	84/100 최상위	43/100	21.4%low 12.8%	10 yr+	0.5×	23%	UnitedHealth Group (UNH): A Deep-Dive Value Investing Study2026년 5월 25일 · Watch	FY2025
15	Procter & Gamble Company PG · 미국	$335B	84/100 최상위	44/100	26.6%low 8.3%	10 yr+	0.4×	50%	P&G Deep-Dive Value Research Report2026년 5월 25일 · Watch	FY2026
16	Apple Inc. AAPL · 미국	$4.5T	83/100 최상위	43/100	54.7%low 35.6%	10 yr+	0.8×	41%	Apple Inc.: Strip Out the Tariff Refunds and the 50.1% Margin Becomes 48.1%, While 308.91 Dollars Earns Less Than the Ten-Year Treasury2026년 8월 1일 · Hold	FY2025
17	Taiwan Semiconductor Manufacturing TSM · 미국	$2.1T	82/100 최상위	57/100	26.3%low 21.8%	10 yr+	Net cash	53%	TSMC: Earnings Have Outrun the Share Price to a 28.1x Trailing Multiple, but a Limit-Up Close at NT$2,425 Leaves Only a Limited Margin of Safety2026년 7월 31일 · Hold	FY2025
18	Johnson & Johnson JNJ · 미국	$618B	82/100 최상위	48/100	25.5%low 2.2%	10 yr+	0.3×	69%	Johnson & Johnson Deep Value Analysis: A Good Company Is Not Cheap2026년 5월 25일 · Watch	FY2025
19	Texas Instruments Incorporated TXN · 미국	$252B	82/100 최상위	49/100	46.2%low 28.4%	10 yr+	0.6×	63%	Texas Instruments Analog and Embedded Processors Research2026년 5월 23일 · Watch	FY2025
20	NVIDIA Corporation NVDA · 미국	$4.9T	81/100 최상위	66/100	39.9%low 19.8%	10 yr+	Net cash	64%	NVIDIA: Demand Has Broadened Beyond the Hyperscalers, but Its Funding Base Has Not, and 197 USD Already Prices Continued Excellence2026년 7월 29일 · Hold	FY2026
21	The Coca-Cola Company KO · 미국	$377B	79/100 우수	47/100	36.8%low 7.3%	10 yr+	1.0×	61%	Coca-Cola Deep Value Investment Research2026년 5월 25일 · Watch	FY2025
22	The Home Depot Inc HD · 미국	$337B	78/100 우수	45/100	60.0%low 60.0%	10 yr+	5.0×	34%	The Home Depot: A Value Investing Deep Dive2026년 5월 25일 · Watch	FY2026
23	SAP SE ADR SAP · 미국	$231B	77/100 우수	45/100	12.6%low 5.7%	10 yr+	Net cash	71%	SAP: A High-Quality Incumbent Late in Its Cloud Migration, Now Priced for Proof Rather Than Possibility2026년 6월 26일 · Hold	FY2025
24	Philip Morris International Inc PM · 미국	$297B	76/100 우수	46/100	49.2%^‡low 24.0%	10 yr+	—	60%	Philip Morris International: In-Depth Value Investment Research2026년 5월 25일 · Watch	FY2025
25	Netflix Inc NFLX · 미국	$299B	74/100 우수	51/100	25.2%low 7.0%	10 yr+	0.2×	40%	Netflix: A Long-Term Business Owner's Perspective2026년 5월 22일 · Watch	FY2025
26	AbbVie Inc ABBV · 미국	$443B	73/100 우수	45/100	54.6%low 35.2%	10 yr+	—	71%	AbbVie: In-Depth Research from a Long-Term Business Owner's Perspective2026년 5월 21일 · Watch	FY2025
27	Merck & Company Inc MRK · 미국	$307B	71/100 우수	46/100	24.4%low 1.0%	10 yr+	0.7×	70%	Merck & Co.: KEYTRUDA and QLEX Generated 50.4% of Second-Quarter Revenue While Subcutaneous Sales Rose to 463 Million Dollars Before the 2028 Patent Cliff2026년 8월 5일 · Hold	FY2025
28	International Business Machines IBM · 미국	$211B	71/100 우수	46/100	34.1%low 7.5%	10 yr+	1.6×	52%	IBM Long-Term Owner's Perspective Research2026년 5월 25일 · Watch	FY2025
29	Walmart Inc. WMT · 미국	$885B	69/100 우수	46/100	16.0%low 8.4%	10 yr+	0.6×	25%	Walmart Research from a Long-Term Owner's Perspective2026년 5월 23일 · Watch	FY2026
30	Thermo Fisher Scientific Inc TMO · 미국	$213B	69/100 우수	47/100	13.3%low 8.8%	10 yr+	0.5×	44%	Thermo Fisher: A Long-Term Owner's Perspective2026년 5월 25일 · Watch	FY2025
31	Morgan Stanley MS · 미국	$331B	68/100 우수	46/100	11.1%low 7.9%	10 yr+	Net cash	77%	Morgan Stanley Deep Value Investment Research Report2026년 5월 25일 · Watch	FY2025
32	Amgen Inc AMGN · 미국	$208B	67/100 우수	43/100	51.4%low 7.8%	10 yr+	5.3×	76%	Amgen Inc. Deep-Dive Value Investing Analysis2026년 5월 21일 · Watch	FY2025
33	Oracle Corporation ORCL · 미국	$374B	65/100 우수	52/100	46.3%low 7.8%	10 yr+	2.9×	76%	Oracle Corporation2026년 7월 28일 · Hold	FY2026
34	AstraZeneca PLC AZN · 미국	$279B	64/100 보통	51/100	15.4%low 0.3%	10 yr+	0.5×	78%	아스트라제네카: 심층 리서치2026년 6월 15일 · 보유	FY2025
35	Broadcom Inc AVGO · 미국	$1.9T	63/100 보통	56/100	24.2%low -7.9%	9 yr	0.6×	58%	Broadcom: AI Revenue Grew 143% to 10.8 Billion Dollars, but 389.28 Dollars Buys the Base Case at a 1.30% Owner-Earnings Yield Against 4.74% Treasuries2026년 8월 1일 · Hold	FY2025
36	Siemens AG ADR SIEGY · 미국	$249B	63/100 보통	48/100	13.4%low 7.6%	10 yr+	0.6×	35%	Siemens AG (SIE.XETRA) Zen Horizon Research Report2026년 6월 9일 · Watch	FY2025
37	Caterpillar Inc CAT · 미국	$375B	60/100 보통	46/100	34.1%low -0.5%	9 yr	1.6×	31%	Caterpillar Long-Term Value Investment Analysis2026년 5월 24일 · Watch	FY2025
38	Arm Holdings plc American Depositary Shares ARM · 미국	$256B	59/100 보통	55/100	11.3%low 5.8%	6 yr	Net cash	92%	Arm Holdings: A Deep-Dive Value Analysis2026년 5월 21일 · Watch	FY2026
39	Eli Lilly and Company LLY · 미국	$1.0T	58/100 보통	55/100	45.5%low -1.8%	8 yr	1.3×	78%	Eli Lilly Deep Value Research: A Great Company at Too High a Price2026년 5월 25일 · Watch	FY2025
40	Dell Technologies Inc DELL · 미국	$262B	57/100 보통	48/100	20.6%^‡low -4.7%	7 yr	—	23%	Dell Technologies Deep Value Research2026년 5월 25일 · Watch	FY2026
41	Goldman Sachs Group Inc GS · 미국	$309B	55/100 보통	45/100	10.7%low 5.2%	10 yr+	Net cash	65%	Goldman Sachs Group Deep Value Investing Analysis2026년 5월 25일 · Watch	FY2025
42	Linde plc Ordinary Shares LIN · 미국	$221B	48/100 다소 약함	47/100	13.9%low 4.7%	10 yr+	0.6×	32%	In-Depth Value Investment Analysis of Linde plc2026년 5월 22일 · Watch	FY2025
43	RTX Corporation RTX · 미국	$290B	38/100 다소 약함	40/100	9.2%low -4.9%	5 yr	0.5×	21%	RTX Corporation: A Record Backlog and a Documented GTF Recovery, Already Paid For by a 26% Re-Rating2026년 8월 7일 · Hold	FY2025
44	Shell PLC ADR SHEL · 미국	$252B	27/100 약함	—	7.9%low -14.0%	5 yr	0.4×	11%	—	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.