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. Filtered by score tier "Strong", market "Europe (incl. UK)", No report yet: 45 match(clear filters).

#	Ticker	Mkt Cap	Score▼	Baillie	10Y ROE	Profit Streak	Net Debt/Eq	Gross Margin	Report	FY
1	VAT Group AG VACN · SW	$23B	79/100 Strong	—	25.0%low 13.2%	10 yr+	0.1×	48%	—	FY2025
2	Partners Group Holding AG PGHN · SW	$22B	79/100 Strong	—	42.6%low 35.4%	10 yr+	1.0×	71%	—	FY2025
3	Amundi SA AMUN · Paris	$21B	79/100 Strong	—	15.3%low 8.3%	10 yr+	Net cash	54%	—	FY2025
4	Pandora A/S PNDORA · CO	$9.4B	79/100 Strong	—	56.2%low 26.2%	10 yr+	3.4×	76%	—	FY2025
5	HEXPOL AB (publ) HPOL-B · ST	$3.3B	79/100 Strong	—	17.4%low 13.9%	10 yr+	0.2×	21%	—	FY2025
6	Dunelm Group PLC DNLM · LSE	$2.3B	79/100 Strong	—	56.5%low 45.8%	10 yr+	2.9×	48%	—	FY2025
7	Softcat plc SCT · LSE	$4.8B	78/100 Strong	—	48.1%low 38.0%	10 yr+	Net cash	28%	—	FY2025
8	Alpha Group International plc ALPH · LSE	$2.3B	78/100 Strong	—	30.6%low 14.3%	10 yr+	Net cash	78%	—	FY2024
9	Bytes Technology Ltd BYIT · LSE	$1.2B	78/100 Strong	—	54.3%low 35.9%	10 yr+	Net cash	54%	—	FY2026
10	Biomerieux SA BIM · Paris	$8.8B	77/100 Strong	—	12.8%low 9.5%	10 yr+	Net cash	55%	—	FY2025
11	Imperial Brands PLC IMB · LSE	$28B	76/100 Strong	—	31.7%low 11.9%	10 yr+	1.8×	20%	—	FY2025
12	Beiersdorf Aktiengesellschaft BEI · XETRA	$18B	76/100 Strong	—	11.2%low 8.8%	10 yr+	Net cash	58%	—	FY2025
13	Siemens Healthineers AG SHL · XETRA	$45B	75/100 Strong	—	19.1%low 8.3%	10 yr+	0.7×	39%	—	FY2025
14	Coca Cola HBC AG CCH · LSE	$23B	75/100 Strong	—	17.5%low 12.0%	10 yr+	0.3×	37%	—	FY2025
15	A.G.Barr PLC BAG · LSE	$909M	75/100 Strong	—	14.1%low 8.3%	10 yr+	Net cash	42%	—	FY2026
16	CD PROJEKT SA CDR · WAR	$6.8B	74/100 Strong	—	21.5%low 10.9%	10 yr+	Net cash	76%	—	FY2025
17	ITV PLC ITV · LSE	$3.5B	74/100 Strong	—	35.3%low 11.8%	10 yr+	0.3×	19%	—	FY2025
18	Hill & Smith Holdings PLC HILS · LSE	$2.9B	74/100 Strong	—	14.9%low 7.5%	10 yr+	0.1×	38%	—	FY2025
19	4Imprint Group Plc FOUR · LSE	$1.5B	74/100 Strong	—	50.9%low 4.7%	10 yr+	Net cash	29%	—	FY2025
20	Telecom Plus PLC TEP · LSE	$858M	74/100 Strong	—	20.9%low 11.8%	10 yr+	0.5×	18%	—	FY2026
21	Bechtle AG BC8 · XETRA	$4.9B	73/100 Strong	—	15.1%low 11.2%	10 yr+	0.1×	16%	—	FY2025
22	AB Volvo (publ) VOLV-B · ST	$79B	71/100 Strong	—	20.9%low 13.3%	10 yr+	1.0×	24%	—	FY2025
23	Telenor ASA TEL · OL	$20B	71/100 Strong	—	25.4%low 5.6%	10 yr+	1.1×	75%	—	FY2025
24	Genmab A/S GMAB · CO	$18B	71/100 Strong	—	18.6%low 13.3%	10 yr+	0.7×	99%	—	FY2025
25	Britvic PLC BVIC · LSE	$4.2B	71/100 Strong	—	31.9%low 19.5%	10 yr+	2.0×	45%	—	FY2024
26	B&M European Value Retail SA BME · LSE	$2.8B	71/100 Strong	—	29.4%low 8.3%	10 yr+	2.6×	36%	—	FY2026
27	Capgemini SE CAP · Paris	$18B	70/100 Strong	—	13.3%low 9.8%	10 yr+	0.6×	26%	—	FY2025
28	Kerry Group KRZ · IR	$14B	70/100 Strong	—	12.8%low 9.7%	10 yr+	0.4×	47%	—	FY2025
29	Balfour Beatty plc BBY · LSE	$5.3B	70/100 Strong	—	12.8%low 2.2%	10 yr+	Net cash	5%	—	FY2025
30	Kingspan Group plc 0KGP · IL	—	70/100 Strong	—	27.0%^‡low 23.2%	4 yr	—	29%	—	FY2025
31	Cranswick PLC CWK · LSE	$3.6B	69/100 Strong	—	13.8%low 12.4%	10 yr+	0.2×	14%	—	FY2026
32	Ashmore Group Plc ASHM · LSE	$1.7B	69/100 Strong	—	17.0%low 9.3%	10 yr+	Net cash	71%	—	FY2025
33	Chocoladefabriken Lindt & Spruengli AG N LISN · SW	$131B	68/100 Strong	—	11.8%low 7.0%	10 yr+	0.2×	63%	—	FY2025
34	Koninklijke KPN NV KPN · Amsterdam	$17B	68/100 Strong	—	23.9%low 13.9%	10 yr+	3.2×	61%	—	FY2025
35	Diploma PLC DPLM · LSE	$12B	68/100 Strong	—	15.5%low 9.4%	10 yr+	0.4×	34%	—	FY2025
36	AAK AB AAK · ST	$5.7B	68/100 Strong	—	15.0%low 11.8%	10 yr+	0.2×	25%	—	FY2025
37	CMC Markets PLC CMCX · LSE	$2.3B	68/100 Strong	—	19.4%low 2.9%	10 yr+	Net cash	76%	—	FY2026
38	Essity AB (publ) ESSITY-B · ST	$20B	67/100 Strong	—	15.8%low 8.3%	10 yr+	0.3×	29%	—	FY2025
39	Boliden AB BOL · ST	$14B	66/100 Strong	—	15.8%low 10.8%	10 yr+	0.2×	18%	—	FY2025
40	Akzo Nobel NV AKZA · Amsterdam	$11B	66/100 Strong	—	16.4%low 8.1%	10 yr+	0.6×	41%	—	FY2025
41	Galenica Sante AG GALE · SW	$5.5B	66/100 Strong	—	14.7%low 11.8%	10 yr+	0.6×	13%	—	FY2025
42	Redrow PLC RDW · LSE	$3.3B	66/100 Strong	—	16.0%low 6.9%	10 yr+	0.0×	22%	—	FY2023
43	freenet AG FNTN · XETRA	$3.1B	66/100 Strong	—	14.2%low 5.4%	10 yr+	0.4×	32%	—	FY2025
44	Ipsen SA IPN · Paris	$15B	65/100 Strong	—	15.7%low -3.1%	6 yr	Net cash	81%	—	FY2025
45	Beijer Ref AB (publ) BEIJ-B · ST	$7.3B	65/100 Strong	—	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.