Magic Formula Top 30
Magic Formula Top 30 (Joel Greenblatt's Screen)
Joel Greenblatt's Magic Formula combines two rankings - ROIC (capital efficiency) and earnings yield (cheapness) - into a single composite score. The original Magic Formula sweet spot: stocks in the top quintile on BOTH measures simultaneously. Greenblatt's published backtest showed this combination outperformed the S&P 500 by 10-15% annualised across the 1988-2004 study window.
Leader
ASA Gold and Precious Metals Limited ASA
MF rank: 15
The Top 30
- 1
ASAASA Gold and Precious Metals LimitedFinancial Services
15 - 2
AIVApartment Investment and Management CompanyReal Estate
15 - 3
TWNThe Taiwan Fund, Inc.Financial Services
23 - 4
CEFSprott Physical Gold and Silver TrustFinancial Services
28 - 5VOT.WAVotum S.A.
Industrials
43 - 6
SLDESlide Insurance Holdings, Inc. Common StockFinancial Services
44 - 7
HRTGHeritage Insurance Holdings, Inc.Financial Services
52 - 8TXT.WAText S.A.
Technology
53 - 9
WLKPWestlake Chemical Partners LPBasic Materials
54 - 10
EVEREverQuote, Inc.Communication Services
70 - 11
RITMRithm Capital Corp.Real Estate
72 - 12
NBXGNeuberger Next Generation Connectivity Fund Inc.Financial Services
76 - 13
AGNCAGNC Investment Corp.Real Estate
77 - 14
ALAir Lease CorporationIndustrials
96 - 15TEN.WATen Square Games S.A.
Communication Services
100 - 16
CARECarter Bankshares, Inc.Financial Services
109 - 17
CGAUCenterra Gold Inc.Basic Materials
121 - 18PZU.WAPowszechny Zaklad Ubezpieczen SA
Financial Services
126 - 19
ANFAbercrombie & Fitch Co.Consumer Cyclical
132 - 20PLW.WAPlayWay S.A.
Communication Services
138 - 21COALINDIA.NSCoal India Limited
Energy
152 - 22
BUIBlackRock Utilities, Infrastructure & Power Opportunities TrustFinancial Services
153 - 23
NGDNew Gold Inc.Basic Materials
153 - 24
AEROGrupo Aeroméxico, S.A.B. de C.V.Industrials
156 - 25
INSWInternational Seaways, Inc.Energy
158 - 26
GSLGlobal Ship Lease, Inc.Industrials
159 - 27TUI1.DETUI AG
Consumer Cyclical
159 - 28
THGThe Hanover Insurance Group, Inc.Financial Services
160 - 29
STEWSRH Total Return Fund, Inc.Financial Services
162 - 30
BSTBlackRock Science and Technology TrustFinancial Services
165
How this ranking is computed
Composite computed at query time: rank descending on ROIC TTM and earnings yield separately, then sum the two ranks. Lowest sum = best Magic Formula score. Filters: market cap ≥ $500M, ROIC TTM > 0, earnings yield > 0, both fields non-null. Top 30 returned (the canonical Greenblatt cohort size).
Other rankings
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Key terms in this analysis
Educational framework analysis only. Not investment advice, not a recommendation, not personalized to your situation. Always do your own research.