← Strategy Screeners Magic Formula Joel Greenblatt's Magic Formula (from The Little Book That Still Beats the Market) ranks companies by combining two factors: earnings yield (EBIT / Enterprise Value) and return on capital (EBIT / Net Working Capital + Net PP&E). Companies are ranked on each factor separately, then the ranks are summed — lower combined rank is better. Financial companies and utilities are excluded per Greenblatt's original methodology.
Universe: All S&P 500 S&P 400 S&P 600 Russell 2000 Total Market
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Not investment advice. Data updated nightly.
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