Magic Formula

Based on Joel Greenblatt's strategy using Financial Modeling Prep data.

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Configure your scan and click Run Magic Formula Scan

How it works

  1. Select exchanges — Choose which stock exchanges to scan
  2. Set minimum market cap — Filter out micro-cap stocks
  3. Limit scan size — Control how many stocks to analyze
  4. Run the scan — Screener analyzes fundamentals and ranks stocks

Magic Formula Metrics

  • EY (Earnings Yield) = EBIT / Enterprise Value
  • ROC (Return on Capital) = EBIT / (Net Working Capital + Net Fixed Assets)
  • MF Score = Combined rank (lower is better)

Excludes financial services, utilities, and real estate as per Greenblatt's methodology.