Study · Warren Wise Report 2026
40 corporations from the DAX and MDAX —
through the AI lens of Graham, Buffett and Munger.
Qualitative research, newly scaled.
What lies behind the financial figures — the strategy, the steering, what a company says about itself and what it leaves unsaid — could never be laid side by side in the same way: Warren Wise scales precisely that and makes accessible to many what used to be case-by-case work.
Forty corporations are the first run. They make visible what becomes possible once you go beyond the bare numbers: companies can be compared right across the league, where a comparison was previously unthinkable — and each one can be read against itself, its story against its numbers, one year against the next. This is how patterns emerge that appear in no single report: contradictions between word and number, strengths and risks that only become apparent in comparison or over the years.
Soon AI agents will read annual reports themselves and condense them automatically into buy and sell signals, without asking. Whatever then remains unclear, contradictory or unsaid no longer confuses just a single analyst — it feeds straight through to the share price. Preparing for this Agentic Finance means reading your own company the way the machines will read it, before the market does. The report demonstrates exactly that across forty corporations.
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The companies analysed
40 corporations · DAX & MDAX · FY 2025
Adidas
Airbus
Aixtron
Aurubis
AUTO1
BASF
Bayer
Beiersdorf
Brenntag
Continental
Deutsche Telekom
DHL
E.ON
freenet
Fresenius
Fresenius Medical Care
GEA
Heidelberg Materials
Henkel
Hensoldt
Hochtief
Infineon
KION
Knorr-Bremse
Lufthansa
Merck
MTU
Nemetschek
Nordex
QIAGEN
RENK
Rheinmetall
RWE
SAP
Scout24
Siemens
Siemens Energy
Siemens Healthineers
Symrise
Zalando
All 40 companies assessed · full analysis in the study
Warren's value for companies
The substance of your Equity Story — from the perspective of a synthetic value investor.
Key figures, consensus and prices are available in abundance, accessible on every data terminal. What is missing is the interpretation — the question of how an investor reads your data, interprets it and condenses it into a score: How healthy is the company today, how viable are its strategic plans, where do narrative and numbers pull apart?
Warren's raw material is the annual report — often 100 to 500 pages, audited by an independent auditor. The real value lies in the synthesis: in what is reported, in what is missing, and in the patterns that only emerge from all the disclosures taken together — including across the years.
Warren Wise combines both — hard numbers and qualitative judgement — into a transparent report of 60 to 80 pages that dissects your Equity Story point by point. Alongside it, the uncomfortable follow-up questions: spelled out before an investor asks them, and thought through for the worst case. This is honest feedback without self-interest and without sugar-coating — and at the same time concrete preparation for how AI agents will soon read your report and condense it into signals. The starting point for further analysis, not a replacement for it.
What you'll find in the report
You receive a complete report — covering your own company, your competitors, or both, as you wish. A Score-Cockpit bundles grade, zone and the three test stages at a glance; „Warren’s Verdict“ delivers the judgement in the voice of the synthetic value investor. Where reported and analytically adjusted figures diverge, both stand side by side — the difference openly disclosed. Nothing is left vague: you see what the machine sees.
Score-Cockpit
Grade, zone and the three test stages at a glance.
Warren’s Verdict
The assessment in the voice of the investor.
Three test stages
Graham, Buffett and Munger in detail.
Eight dimensions
W1–W8 with their sub-criteria.
Warning signals
Deduplicated and clearly named instead of dressed up.
Key-figure table
Multi-year — reported and adjusted side by side.
ignore · question · act
Pre-sorted by action logic: ignore, question, act.
Forward questions
The questions you should know before others ask them.
Information gaps
Openly disclosed — together with a note on how a blank space can be read.
* The names Benjamin Graham, Warren Buffett and Charlie Munger are used purely descriptively for the investment principles attributed to them; the study is neither endorsed nor represented by these individuals, their estates or any companies associated with them. „Warren Wise“ is a fictional, synthetic figure and not identical to any real person.
