Buffett-Munger Screener - Good Companies at Fair or Undervalued Prices

What is Buffett-Munger Screener & List of Buffett-Munger Stocks

To
"Buffett-Munger Screener" can be used to find companies with high quality business at undervalued or fair-valued prices:
  1. Companies that have high Predictability Rank , that is, companies that can consistently grow its revenue and earnings.
  2. Companies that have competitive advantages. It can maintain or even expand its profit margin while growing its business
  3. Companies that incur little debt while growing business
  4. Companies that are fair valued or under-valued. We use PEG as indicator. PEG is the PE Ratio without NRI divided by the average growth rate of EBITDA over the past 5 years.
From the back testing study from 1998-2008 we have found strong correlations between the Predictability of Businesses and the long term return of stocks, the group of undervalued highly predictable companies performed the best. This group had an annualized gain of 20%, while the market just averaged 2.7% a year.
For details, go to: What Worked In The Market From 1998-2008? Part II. Under-Valued Predictable Companies And Buffett-Munger Screener
We can clearly see that companies with higher Predictability Rank had much better stock performances. The possibility of losing money with long term holding period is also greatly reduced.
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Ticker
Company
Predictability Rank
GF Score™
Market Cap ($M)
10-Year EBITDA Growth Rate (Per Share)
5-Year EBITDA Growth Rate (Per Share)
1-Year EBITDA Growth Rate (Per Share)
PE Ratio without NRI
PEG Ratio
PB Ratio
Dividend Yield %
CHTR
Charter Communications Inc
72
15,730.95
17.40
12.50
7.80
3.28
0.26
0.96
0
ACGL
Arch Capital Group Ltd
94
35,473.53
22.80
29.40
34.50
9.37
0.32
1.53
0
FISV
Fiserv Inc
71
26,409.40
17.40
18.50
0.60
6.68
0.36
1.01
0
LIMIT
LIMIT
94
14,257.13
23.90
29.80
-4.30
11.54
0.39
1.69
0.69
LIMIT
LIMIT
81
6,002.69
13.80
18.40
13.80
8.47
0.46
1.60
0
LIMIT
LIMIT
65
82,839.98
7.80
12.10
25.30
5.80
0.48
0.94
5.71
LIMIT
LIMIT
86
131,914.88
16.90
22.60
30.90
11.52
0.51
4.13
6.14
LIMIT
LIMIT
99
14,804.71
33.00
27.30
11.80
15.14
0.55
5.97
0
LIMIT
LIMIT
74
63,363.32
17.90
24.20
33.80
13.75
0.57
2.45
0
LIMIT
LIMIT
88
37,871.17
16.70
16.60
38.70
9.63
0.58
2.05
1.66
LIMIT
LIMIT
88
6,038.05
11.30
15.10
2.60
9.03
0.60
1.21
2.08
LIMIT
LIMIT
82
87,760.05
23.40
14.90
14.50
9.67
0.65
7.65
0
LIMIT
LIMIT
90
25,702.49
20.70
23.80
-2.80
15.65
0.66
4.53
0.37
LIMIT
LIMIT
92
9,562.89
17.10
17.60
8.20
12.84
0.73
3.81
1.43
LIMIT
LIMIT
85
1,729.87
10.50
18.30
13.80
13.42
0.73
2.42
0.66
LIMIT
LIMIT
79
2,323.91
26.30
18.70
21.50
14.49
0.77
2.43
0
LIMIT
LIMIT
95
7,901.24
20.50
28.40
37.20
22.08
0.78
3.87
0
LIMIT
LIMIT
88
1,781.04
17.70
11.40
50.00
9.12
0.80
1.56
7.08
LIMIT
LIMIT
91
80,660.95
13.50
14.70
22.40
12.56
0.85
0
0.83
LIMIT
LIMIT
93
23,279.30
13.60
17.80
20.60
15.71
0.88
6.71
0
LIMIT
LIMIT
84
4,174.03
16.30
17.00
15.90
15.37
0.90
5.37
0
LIMIT
LIMIT
85
13,897.64
11.00
13.40
16.80
12.34
0.92
2.29
0.67
LIMIT
LIMIT
96
9,542.61
13.60
15.90
-7.50
15.00
0.94
5.02
0.95
LIMIT
LIMIT
79
1,382.25
8.20
12.90
-7.60
12.12
0.94
1.34
0.72
LIMIT
LIMIT
93
2,026.81
16.10
17.20
21.90
16.85
0.98
1.81
0
LIMIT
LIMIT
88
7,086.24
18.50
14.60
18.20
14.42
0.99
4.97
0
LIMIT
LIMIT
88
13,691.36
14.30
18.00
1.40
18.09
1.01
8.29
1.31
LIMIT
LIMIT
91
6,045.49
25.60
19.30
7.70
20.11
1.04
9.06
1.48
LIMIT
LIMIT
93
82,201.70
14.60
15.60
18.60
16.18
1.04
3.44
2.34
LIMIT
LIMIT
99
1,218.47
42.40
22.70
10.60
23.71
1.04
4.24
0
LIMIT
LIMIT
89
76,650.63
15.70
19.10
35.60
20.08
1.05
7.80
0.84
LIMIT
LIMIT
85
8,984.21
11.40
13.50
11.10
14.39
1.07
4.45
1.74
LIMIT
LIMIT
77
6,483.02
10.20
14.50
8.40
15.73
1.08
6.36
1.17
LIMIT
LIMIT
94
11,731.10
11.20
15.80
7.10
17.53
1.11
5.58
1.56
LIMIT
LIMIT
96
4,725.10
23.90
18.80
25.40
21.18
1.13
3.59
0
LIMIT
LIMIT
98
7,218.40
15.90
21.10
29.40
25.45
1.21
5.03
0.49
LIMIT
LIMIT
80
8,076.41
15.90
16.40
75.70
19.82
1.21
4.33
0.85
LIMIT
LIMIT
97
13,838.13
13.60
19.80
19.80
24.71
1.25
9.16
1.24
LIMIT
LIMIT
84
49,499.62
15.40
16.60
0.80
20.85
1.26
0
0
LIMIT
LIMIT
81
16,888.42
11.20
12.10
27.20
15.58
1.29
5.99
2.63
Total 77
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What Is the Buffett-Munger Screener?

Warren Buffett's investing evolution — from Benjamin Graham's "cigar butt" deep value approach to buying "wonderful companies at fair prices" — was largely driven by Charlie Munger's influence. Munger convinced Buffett that paying a fair price for an excellent business beats paying a bargain price for a mediocre one.

The Buffett-Munger Screener identifies stocks that match this philosophy: companies with predictable revenue and earnings growth, consistently high returns on equity, conservative debt levels, and prices at or below GF Value. These are the kinds of durable, high-quality businesses Buffett and Munger have favored throughout their careers at Berkshire Hathaway.

See Buffett's actual current holdings →   |   See Munger's last known holdings →

How the Buffett-Munger Screen Works

Each stock must pass multiple quality and value filters to appear on this list:

  • Predictability Rank — Company must have predictable, consistent revenue and earnings (GuruFocus proprietary metric)
  • Return on Equity (ROE) — Consistently above 15%, indicating strong capital allocation
  • Debt-to-Equity — Conservative balance sheet with manageable debt
  • GF Value — Stock must trade at or below fair value based on GuruFocus's proprietary valuation model
  • Earnings Growth — Consistent growth over 5–10 years, demonstrating a durable competitive advantage

The list updates daily as stock prices and financial data change. Stocks are added or removed automatically when they meet or fail the screening criteria.

Buffett-Munger Screener Performance

Backtesting shows the Buffett-Munger screen has generated an annualized return of approximately 20%, significantly outperforming the S&P 500 over the same period. The backtest is updated periodically as new financial data becomes available.

Past performance does not guarantee future results. The backtest reflects hypothetical results and does not account for trading costs, taxes, or slippage.

Frequently Asked Questions

Based on the Buffett-Munger screening criteria, 40+ stocks currently qualify. These are companies with predictable earnings, high returns on equity, conservative debt levels, and prices at or below our GF Value estimate. See the full list in the data table above.

The Buffett-Munger strategy focuses on buying wonderful companies at fair prices, rather than fair companies at wonderful prices. It combines Warren Buffett's value investing roots with Charlie Munger's emphasis on business quality — specifically predictable earnings, strong competitive moats, and high returns on equity.

Our screener filters for stocks that match Buffett and Munger's stated investment criteria: predictable revenue and earnings, consistently high ROE (above 15%), conservative debt-to-equity ratios, and prices at or below GF Value. The list updates daily as stock prices and financial data change.

Warren Buffett typically looks for companies with ROE consistently above 15%, ideally above 20%. Our screener uses this as one of several quality filters. A high, sustained ROE indicates that management is effectively deploying shareholder capital to generate profits.

Our backtest shows the Buffett-Munger screen has generated an annualized return of approximately 20%, outperforming the S&P 500. Past performance does not guarantee future results. The backtest reflects hypothetical results and does not account for trading costs or taxes.

Traditional value investing (Benjamin Graham style) focuses on buying any stock trading below intrinsic value, regardless of business quality. The Buffett-Munger approach adds a quality filter — it only considers companies with durable competitive advantages, predictable earnings, and strong management. This means paying a fair price for an excellent business rather than a bargain price for a mediocre one.

The list updates daily. As stock prices change and new financial data is reported, stocks may be added or removed from the screen. You can set up email alerts to be notified when stocks are added or removed.

Related Screeners

Magic Formula Joel Greenblatt's formula ranking stocks by earnings yield + return on capital Graham Net-Net Ben Graham's deep value strategy — stocks trading below net current asset value DCF Undervalued Stocks trading below their discounted cash flow intrinsic value Predictable Companies Companies with the most consistent and predictable revenue and earnings

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