Companies, read the way Buffett reads them.

Apple Inc

Apple is an exceptional business, but the price sits above even our most generous estimate of its value

Accenture plc

Accenture passes most Buffett tests, but its moat and growth assumptions are still unproven.

Amerisafe Inc

AMERISAFE has earned strong returns for years, but its earnings are shrinking and payouts exceed them.

Amazon

On this evidence Amazon sits outside your circle of competence, and the price is above base-case value.

Smith A O Corp

Strong earnings and low debt, but the price sits below the required margin of safety for this lens.

Academy Sports & Outdoors, Inc

Academy passes most of the numeric tests, but the engine places it outside your circle of competence.

American Express Co

Strong business at a demanding price: the numbers show quality, but the shares trade above our base value.

Berkshire Hathaway Inc

The filings show returns below a quality-compounder test, so the engine's fails_tests verdict stands.

Charter Communications, Inc

Charter fails the return on capital and debt tests, and its per-share value model cannot be relied on yet.

Chipotle Mexican Grill Inc

Chipotle is a high-return, debt-free business, but today's price leaves little margin below our base value

Costco Wholesale Corp

Costco's record passes the quality tests, but the price sits above the engine's base-case value.

Carriage Services Inc

Carriage passes the price and earnings tests, but its debt is weaker than the scorecard shows

Cognizant Technology Solutions Corp

Cognizant passes most Buffett tests, but reinvested profit has not created matching value for owners.

Chevron Corp

Chevron has low debt and strong cash flow, but thin, uneven returns keep its outlook hard to predict.

Dick's Sporting Goods, Inc

DICK'S clears most of Buffett's tests, but the unproven Foot Locker purchase is the main open question

Davita Inc

DaVita has steady demand and real cash flow, but debt and policy risk leave no margin of safety at today's price

Federated Hermes, Inc

Federated Hermes has a long record of steady profit, but the bear case leaves little margin of safety.

Gentex Corp

Gentex passes most Buffett tests, but the margin of safety depends on base-case assumptions.

Alphabet Inc

The earnings record is steady, but at this price the research points to a demanding valuation.

Intuit Inc

Intuit passes most of Buffett's business tests, but today's price leaves less margin of safety than your lens requires.

Johnson & Johnson

Johnson & Johnson passes most quality tests, but the price sits above the base-case value.

JPMorgan Chase & Co

JPMorgan Chase is a strong bank with a steady record, but at this price our numbers show no margin of safety.

Kraft Heinz Co

Kraft Heinz fails most Buffett tests on earnings, returns and debt, so it sits outside the circle.

Lennox International Inc

Lennox earns steadily and turns profit into cash, but its margin of safety misses your required bar.

ELI LILLY & Co

Lilly's earnings are strong on paper, but thin equity and missing cash data make its future hard to estimate.

Mastercard Inc

Mastercard is a strong business, but at this price the numbers show no margin of safety.

McDonalds Corp

Steady earnings, but heavy capital spending and negative equity; the valuation output cannot be trusted.

Moody's Corp

Moody's earns high returns on little capital, but at this price the shares sit above our base-case value.

M/i Homes, Inc

M/I Homes earned well for years, but its results hinge on housing cycles, so the engine places it outside your circle.

Mueller Industries Inc

Mueller passes most of Buffett's numerical tests, but the engine places it outside our circle of competence.

NIKE, Inc

NIKE's long record is steady, but at this price the margin of safety is too thin for the lens you chose.

Nvidia Corp

Strong returns and little debt, but the price fails the margin of safety test, so the case rests on price.

Omega Flex, Inc

Omega Flex is a debt-free, high-return business, but at this price its margin of safety falls short of your lens.

Occidental Petroleum Corp

Outside the circle: OXY's earnings depend on oil prices and a pending tax case that are hard to forecast

Pro Dex Inc

Pro-Dex has earned well for years, but one customer drives most sales, so the engine places it outside your circle.

Pepsico Inc

PepsiCo is a strong business, but at today's price the shares sit above our base-case value.

Pool Corp

Pool passes most Buffett tests, but a narrow moat and thin equity leave the verdict within margin.

Resmed Inc

ResMed passes the quality tests, but the price misses the margin of safety your lens requires.

Starbucks Corp

Starbucks has a long profit record, but the price sits far above our value range, so the case for buying is hard to make.

Sprouts Farmers Market, Inc

Sprouts has a steady profit record and little debt, but its value depends on margins that may not last.

Sherwin Williams Co

Strong paint business with steady earnings, but the shares trade well above our base-case value.

Texas Instruments Inc

Texas Instruments is a strong business, but at the current share price our tests find no margin of safety.

Visa Inc

Visa's record clears most of Buffett's quality tests, but the price cannot be checked against value yet.

Verisign Inc

Verisign is a steady, well-protected business, but at this price the numbers show no margin of safety.

Virtus Investment Partners, Inc

Virtus passes most Buffett tests, but falling assets and negative cash flow leave the engine verdict at within margin

Walmart Inc

Walmart's business shows the traits Buffett valued, but at this price our tests find no margin of safety.

Zoetis Inc

Zoetis passes most Buffett tests, but generic erosion narrows the moat and the bear case sits below price