Magic Formula

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Joel Greenblatt's value investing system combining earnings yield and return on invested capital for undervalued growth.

By Joel Greenblatt

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Scan a Stock
Enter a stock symbol to analyze using Joel Greenblatt's Magic Formula value investing system
Magic Formula: Percentile-Based Ranking
Joel Greenblatt's proven value investing approach using percentile scoring
1

Earnings Yield Percentile

EPS / Price compared to all stocks

Higher = Cheaper (Better Value)

2

Return on Capital Percentile

ROE compared to all stocks

Higher = More Efficient (Better Quality)

Composite Score: EY Percentile (0-100) + ROC Percentile (0-100) = Total Score (0-200)

Higher composite score = Better Magic Formula candidate

How this scanner works

Composite score: Earnings Yield (EPS / Market Cap) + Return on Invested Capital (EBIT / Invested Capital). Top decile stocks ranked.

Disclaimer: This scanner is for candidate identification only and should not be considered financial advice. Past performance does not guarantee future results. Always conduct your own research and consult with a financial advisor before making investment decisions.