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 cap "Mega ≥$200B", profit streak "≥5 yr" 필터 적용: 60 match(필터 지우기).

#	종목	Mkt Cap	Score▼	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	리포트	FY
1	Visa Inc. Class A V · 미국	$684B	95/100 최상위	35.7%low 18.2%	10 yr+	0.1×	81%	—	FY2025
2	KLA Corporation KLAC · 미국	$239B	93/100 최상위	55.9%low 44.2%	10 yr+	0.2×	61%	—	FY2026
3	Kweichow Moutai Co Ltd 600519 · 상하이	$236B	93/100 최상위	30.8%low 22.9%	10 yr+	Net cash	90%	—	FY2025
4	ASML Holding NV ADR ASML · 미국	$626B	92/100 최상위	36.5%low 15.9%	10 yr+	Net cash	49%	—	FY2025
5	Applied Materials Inc AMAT · 미국	$403B	92/100 최상위	38.9%low 23.8%	10 yr+	Net cash	46%	—	FY2025
6	Roche Holding AG ROG · SW	$326B	92/100 최상위	39.6%low 26.1%	10 yr+	0.5×	72%	—	FY2025
7	Microsoft Corporation MSFT · 미국	$3.5T	91/100 최상위	34.6%low 20.0%	10 yr+	0.1×	68%	—	FY2026
8	Lam Research Corp LRCX · 미국	$367B	90/100 최상위	48.3%low 24.3%	10 yr+	Net cash	47%	—	FY2026
9	American Express Company AXP · 미국	$227B	89/100 최상위	27.8%low 13.6%	10 yr+	0.3×	87%	—	FY2025
10	Arista Networks ANET · 미국	$227B	88/100 최상위	24.1%low 15.3%	10 yr+	Net cash	64%	Arista Networks: 데이터센터 스위칭 선도 기업에 대한 장기 연구2026년 5월 23일 · 관찰	FY2025
11	LOréal S.A. OR · 파리	$222B	88/100 최상위	16.5%low 12.3%	10 yr+	0.1×	73%	—	FY2025
12	Novo Nordisk A/S NOVO-B · CO	$210B	88/100 최상위	59.3%low 52.8%	10 yr+	0.5×	84%	—	FY2025
13	Cisco Systems Inc CSCO · 미국	$457B	87/100 최상위	22.4%low 0.3%	10 yr+	0.3×	63%	—	FY2025
14	Costco Wholesale Corp COST · 미국	$422B	87/100 최상위	25.4%low 19.5%	10 yr+	Net cash	13%	—	FY2025
15	Mastercard Inc MA · 미국	$502B	86/100 최상위	60.0%low 60.0%	10 yr+	1.0×	77%	—	FY2025
16	Alphabet Inc Class C GOOG · 미국	$4.4T	85/100 최상위	21.7%low 8.3%	10 yr+	Net cash	57%	—	FY2025
17	Meta Platforms Inc. META · 미국	$1.4T	84/100 최상위	24.3%low 17.3%	10 yr+	0.0×	82%	Meta Platforms: 딥 밸류 투자 연구2026년 5월 19일 · 관찰	FY2025
18	UnitedHealth Group Incorporated UNH · 미국	$376B	84/100 최상위	21.4%low 12.8%	10 yr+	0.5×	23%	—	FY2025
19	Procter & Gamble Company PG · 미국	$335B	84/100 최상위	26.6%low 8.3%	10 yr+	0.4×	50%	—	FY2026
20	Apple Inc. AAPL · 미국	$4.5T	83/100 최상위	54.7%low 35.6%	10 yr+	0.8×	41%	—	FY2025
21	LVMH Moët Hennessy - Louis Vuitton MC · 파리	$253B	83/100 최상위	19.2%low 12.1%	10 yr+	0.3×	67%	—	FY2025
22	Taiwan Semiconductor Manufacturing TSM · 미국	$2.1T	82/100 최상위	26.3%low 21.8%	10 yr+	Net cash	53%	TSMC: 가치투자 심층 연구2026년 5월 22일 · 관찰	FY2025
23	Johnson & Johnson JNJ · 미국	$618B	82/100 최상위	25.5%low 2.2%	10 yr+	0.3×	69%	—	FY2025
24	Tencent Holdings Ltd 0700 · 홍콩	$548B	82/100 최상위	21.1%low 13.2%	10 yr+	Net cash	48%	텐센트 홀딩스: 심층 리서치 연구2026년 5월 28일 · 신중 매수	FY2025
25	Texas Instruments Incorporated TXN · 미국	$252B	82/100 최상위	46.2%low 28.4%	10 yr+	0.6×	63%	—	FY2025
26	NVIDIA Corporation NVDA · 미국	$4.9T	81/100 최상위	39.9%low 19.8%	10 yr+	Net cash	64%	NVIDIA 투자 메모2026년 5월 22일 · 관찰	FY2026
27	Nestle S.A. NESN · SW	$265B	80/100 최상위	23.7%low 11.7%	10 yr+	1.6×	48%	—	FY2025
28	The Coca-Cola Company KO · 미국	$377B	79/100 우수	36.8%low 7.3%	10 yr+	1.0×	61%	—	FY2025
29	The Home Depot Inc HD · 미국	$337B	78/100 우수	60.0%low 60.0%	10 yr+	5.0×	34%	—	FY2026
30	Novartis AG NOVN · SW	$306B	78/100 우수	20.9%low 9.0%	10 yr+	0.6×	71%	—	FY2025
31	SAP SE ADR SAP · 미국	$231B	77/100 우수	12.6%low 5.7%	10 yr+	Net cash	71%	—	FY2025
32	Philip Morris International Inc PM · 미국	$297B	76/100 우수	49.2%^‡low 24.0%	10 yr+	—	60%	—	FY2025
33	Netflix Inc NFLX · 미국	$299B	74/100 우수	25.2%low 7.0%	10 yr+	0.2×	40%	—	FY2025
34	AbbVie Inc ABBV · 미국	$443B	73/100 우수	54.6%low 35.2%	10 yr+	—	71%	—	FY2025
35	Merck & Company Inc MRK · 미국	$307B	71/100 우수	24.4%low 1.0%	10 yr+	0.7×	70%	—	FY2025
36	International Business Machines IBM · 미국	$211B	71/100 우수	34.1%low 7.5%	10 yr+	1.6×	52%	—	FY2025
37	MediaTek Inc 2454 · 대만	$226B	70/100 우수	17.2%low 7.4%	10 yr+	Net cash	41%	—	FY2025
38	Walmart Inc. WMT · 미국	$885B	69/100 우수	16.0%low 8.4%	10 yr+	0.6×	25%	—	FY2026
39	Thermo Fisher Scientific Inc TMO · 미국	$213B	69/100 우수	13.3%low 8.8%	10 yr+	0.5×	44%	—	FY2025
40	Morgan Stanley MS · 미국	$331B	68/100 우수	11.1%low 7.9%	10 yr+	Net cash	77%	—	FY2025
41	Amgen Inc AMGN · 미국	$208B	67/100 우수	51.4%low 7.8%	10 yr+	5.3×	76%	—	FY2025
42	Oracle Corporation ORCL · 미국	$374B	65/100 우수	46.3%low 7.8%	10 yr+	2.9×	76%	—	FY2026
43	AstraZeneca PLC AZN · 미국	$279B	64/100 보통	15.4%low 0.3%	10 yr+	0.5×	78%	아스트라제네카: 심층 리서치2026년 6월 15일 · 보유	FY2025
44	AstraZeneca PLC AZN · LSE	$249B	64/100 보통	15.3%low 0.3%	10 yr+	0.5×	72%	—	FY2025
45	Broadcom Inc AVGO · 미국	$1.9T	63/100 보통	24.2%low -7.9%	9 yr	0.6×	58%	브로드컴: 심층 리서치 보고서2026년 6월 3일 · 회피	FY2025
46	Siemens AG ADR SIEGY · 미국	$249B	63/100 보통	13.4%low 7.6%	10 yr+	0.6×	35%	—	FY2025
47	Contemporary Amperex Technology Co., Limite 3750 · 홍콩	$380B	62/100 보통	16.7%low 8.7%	10 yr+	Net cash	29%	CATL: Zen Horizon Framework 심층 분석2026년 6월 4일 · 신중 매수	FY2025
48	BHP Group Limited BHP · LSE	$202B	62/100 보통	18.8%low -12.0%	9 yr	0.3×	72%	—	FY2025
49	Caterpillar Inc CAT · 미국	$375B	60/100 보통	34.1%low -0.5%	9 yr	1.6×	31%	—	FY2025
50	Arm Holdings plc American Depositary Shares ARM · 미국	$256B	59/100 보통	11.3%low 5.8%	6 yr	Net cash	92%	—	FY2026
51	Eli Lilly and Company LLY · 미국	$1.0T	58/100 보통	45.5%low -1.8%	8 yr	1.3×	78%	—	FY2025
52	Samsung Electronics Co Ltd 005930 · 한국	$1.7T	57/100 보통	12.1%low 4.1%	10 yr+	Net cash	38%	—	FY2025
53	Dell Technologies Inc DELL · 미국	$262B	57/100 보통	20.6%^‡low -4.7%	7 yr	—	23%	—	FY2026
54	Goldman Sachs Group Inc GS · 미국	$309B	55/100 보통	10.7%low 5.2%	10 yr+	Net cash	65%	—	FY2025
55	CNOOC Limited 600938 · 상하이	$215B	52/100 보통	12.9%low 0.2%	10 yr+	Net cash	74%	—	FY2025
56	Linde plc Ordinary Shares LIN · 미국	$221B	48/100 다소 약함	13.9%low 4.7%	10 yr+	0.6×	32%	—	FY2025
57	RTX Corporation RTX · 미국	$290B	38/100 다소 약함	9.2%low -4.9%	5 yr	0.5×	21%	—	FY2025
58	Shell PLC ADR SHEL · 미국	$252B	27/100 약함	7.9%low -14.0%	5 yr	0.4×	11%	—	FY2025
59	Shell plc SHEL · LSE	$238B	27/100 약함	7.9%low -14.0%	5 yr	0.4×	11%	—	FY2025
60	Shell PLC SHELL · 암스테르담	$237B	27/100 약함	7.9%low -13.9%	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.