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Magic Formula Investing Alternatives & Competitors

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Replacement verdicts

Magic Formula Investing logo

Alternatives to Magic Formula Investing

Curated replacements grouped by fit, tradeoffs, pricing flexibility, and platform access. Use this list to decide which Magic Formula Investing competitor is worth testing first.

Looking for a Magic Formula Investing replacement? We've profiled 20 alternatives by workflow fit, pricing flexibility, caveats, and platform access. Whether you need a free option to trial, mobile-ready workflows, or API integrations, this list helps you choose what to test first.

Visit Magic Formula InvestingFree alternativesTool details

Disclosure: outbound links may include affiliate or sponsor links

Which Alternative Should You Use?

GuruFocus logo

GuruFocus

Closest replacement

Best for: Value investors looking for long historical fundamentals, GF Score, GF Value, and guru/institutional holdings.

  • GuruFocus best matches the base workflow on stock screening, stock research, and fundamental research.
  • GuruFocus keeps the replacement test in the same free-access lane. Free access caveat: signup required and A free account has limited access..

Watch for: Paid access is region and tier dependent: Annual paid memberships, region add-ons, API plans, and pay-as-you-go API credits.

Start GuruFocus trial
DetailsCompare
Stock Analysis logo

Stock Analysis

Strong runner-up

Best for: Regular investors looking for fast stock and fund research pages, screeners, comparisons, watchlists, and market calendars.

  • Stock Analysis best matches the base workflow on stock screening, stock research, and fundamental research.
  • Stock Analysis keeps the replacement test in the same free-access lane. Free access caveat: Free access is ad-supported..

Watch for: No public API: Stock Analysis does not currently offer API access.

Try Stock Analysis Pro
DetailsCompare
The Ledger Terminal logo

The Ledger Terminal

Strong runner-up

Best for: Long-term stock pickers who want a low-cost, source-linked tearsheet instead of a broad multi-asset terminal.

  • The Ledger Terminal best matches the base workflow on stock screening, stock research, and fundamental research.
  • The Ledger Terminal keeps the replacement test in the same free-access lane. Free access caveat: Free accounts get six stock views per day, three alerts, and up to three stocks per watchlist. Anonymous visitors get one stock view per day..

Watch for: US-led coverage: Most coverage is US-listed stocks. UK companies have about five years of annual history and no quarterly data, while US stocks can have 15 years and quarterly detail.

Open stock tearsheets
DetailsCompare
Investing.com logo

Investing.com

Strong runner-up

Best for: Users looking for one free global market portal for quotes, charts, calendars, news, watchlists, and portfolio tracking.

  • Investing.com best matches the base workflow on stock screening, fundamental research, and screening and idea generation.
  • Investing.com keeps the replacement test in the same free-access lane. Free access caveat: Free access is ad-supported and does not include the full InvestingPro research layer..

Watch for: Not a broker or API product: Investing.com does not provide trade execution or a public API. Widgets and RSS are its public integration methods.

View InvestingPro
DetailsCompare

Detailed Alternatives

I want to

Our ranked order by workflow overlap and quality.

1
GuruFocus logo
Closest replacement

GuruFocus

Analyst pickTested by us

Bottom line: Value investors looking for long historical fundamentals, GF Score, GF Value, and guru/institutional holdings.

Keep

  • Screeners
  • Stock Ideas

Gain

  • ETF Screeners
  • Top Analysts
  • Stock Comparison
  • ETF Comparison

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening and quant research.
  • Free-plan limits: Signup required, A free account has limited access, and Free members have limited portfolio capacity.
  • Paid access is region and tier dependent: Annual paid memberships, region add-ons, API plans, and pay-as-you-go API credits.
Price
Magic Formula InvestingFree
GuruFocusFree • From $549/yr
Free tier
Free with signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Start GuruFocus trialCompare
Full review and details
2
Stock Analysis logo
Drop-in replacement

Stock Analysis

Analyst pickTested by us

Bottom line: Regular investors looking for fast stock and fund research pages, screeners, comparisons, watchlists, and market calendars.

Keep

  • Screeners
  • Stock Ideas

Gain

  • ETF Screeners
  • Top Analysts
  • Stock Comparison
  • ETF Comparison

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening and quant research.
  • Free-plan limits: Free access is ad-supported, Free exports and financial history are limited compared with Pro and Unlimited, and Free accounts allow 10 active alerts. Brokerage sync, full ETF holdings, and advanced analyst filtering require paid plans.
  • No public API: Stock Analysis does not currently offer API access.
Price
Magic Formula InvestingFree
Stock AnalysisFree • From $79/yr
Free tier
Free, no signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Try Stock Analysis ProCompare
Full review and details
3
The Ledger Terminal logo
Drop-in replacement

The Ledger Terminal

Bottom line: Long-term stock pickers who want a low-cost, source-linked tearsheet instead of a broad multi-asset terminal.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Data Visualizations
  • Watchlist
  • Alerts

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening and quant research.
  • Free-plan limits: Free accounts get six stock views per day, three alerts, and up to three stocks per watchlist. Anonymous visitors get one stock view per day, Pro is $8.40 per month billed as $100.80 for the first year, then $144 per year, with a seven-day free trial, and Full 15-year history, comparison workflow, quality checklist, and exports require Pro.
  • US-led coverage: Most coverage is US-listed stocks. UK companies have about five years of annual history and no quarterly data, while US stocks can have 15 years and quarterly detail.
Price
Magic Formula InvestingFree
The Ledger TerminalFree • From $100.80/yr
Free tier
Free, no signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Open stock tearsheetsCompare
Full review and details
4
Investing.com logo
Investing.comDrop-in replacement
4
Investing.com logo
Drop-in replacement

Investing.com

Analyst pickTested by us

Bottom line: Users looking for one free global market portal for quotes, charts, calendars, news, watchlists, and portfolio tracking.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Data Visualizations
  • Options
  • Correlation

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Free access is ad-supported and does not include the full InvestingPro research layer, Free WarrenAI access is limited to 10 lifetime messages and requires an account; paid plans include 50 or 500 credits per month, and ProPicks, premium reports, and deeper datasets are plan-gated.
  • Not a broker or API product: Investing.com does not provide trade execution or a public API. Widgets and RSS are its public integration methods.
Price
Magic Formula InvestingFree
Investing.comFree • From $13.99/mo
Free tier
Free, no signup
Replacement
Drop-in replacement

Pricing checked 2026-08-05 via pricing.

View InvestingProCompare
Full review and details
5
TipRanks logo
TipRanksDrop-in replacement
5
TipRanks logo
Drop-in replacement

TipRanks

Analyst pickTested by us

Bottom line: Retail investors looking for analyst consensus, expert rankings, Smart Score, news sentiment, and stock ideas.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Top Analysts
  • ETF Screeners
  • US Government Trades
  • Stock Comparison

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on stock screening, factor screening, and quant research.
  • Free-plan limits: Signup required, Free/Basic MCP OAuth quota is 10 tool calls per month, and Free API-key tier is limited to 10 requests per minute and 50 requests per month.
  • Best tools are paid: Premium and Ultimate gate Smart Portfolio, Smart Score, expert/insider/hedge-fund tools, exports, and higher MCP quotas.
Price
Magic Formula InvestingFree
TipRanksFree • From $29.95/mo
Free tier
Free with signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

View TipRanks plansCompare
Full review and details
6
Value Sense logo
Value SenseDrop-in replacement
6
Value Sense logo
Drop-in replacement

Value Sense

Bottom line: Fundamental investors comparing intrinsic-value estimates, company fundamentals, earnings, insider transactions, and 13F holdings.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Backtesting
  • Stock Comparison
  • Data Visualizations
  • Watchlist

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening and quant research.
  • Free-plan limits: Signup required, Free includes two stock views per week, one watchlist, one dashboard, one saved screen, and three lifetime spreadsheet downloads, and Starter is $129 annually and Pro is $189 annually. The page also offers a monthly billing toggle.
  • Model outputs need independent review: Intrinsic-value estimates, summaries, scores, and signals depend on inputs and model choices. Users should review filings and test valuation assumptions.
Price
Magic Formula InvestingFree
Value SenseFree • From $15/mo
Free tier
Free with signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Compare Value Sense plansCompare
Full review and details
7
Seeking Alpha logo
Seeking AlphaDrop-in replacement
7
Seeking Alpha logo
Drop-in replacement

Seeking Alpha

Analyst pickTested by us

Bottom line: Retail investors looking for news, contributor analysis, quant ratings, screeners, and portfolio alerts together.

Keep

  • Screeners
  • Stock Ideas

Gain

  • News
  • News Sentiment
  • Alerts
  • Calendar

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and API and market data.
  • Free-plan limits: Signup required, Basic has limited premium-article access, and Premium is needed for unlimited articles/transcripts, ratings, factor grades, screeners, comparisons, broker linking, and AI summaries.
  • Free access is limited: The Basic plan has limited premium-article access and core portfolio/watchlist features.
Price
Magic Formula InvestingFree
Seeking AlphaFree • From $299/yr
Free tier
Free with signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

View Seeking Alpha plansCompare
Full review and details
8
Börsdata logo
BörsdataDrop-in replacement
8
Börsdata logo
Drop-in replacement

Börsdata

Bottom line: Nordic and European investors looking for a fundamentals-rich screener, reports, owner data, technical charts, and dividend research.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Data Visualizations
  • Index Rebalancing
  • Watchlist
  • Institutional Ownership

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Free account has limited access, and Full data requires Premium, Pro, Pro+, or Enterprise.
  • Best value is Nordic-first: Global coverage exists on higher tiers, but Börsdata is strongest for Nordic equities and Nordic ownership/insider workflows.
Price
Magic Formula InvestingFree
BörsdataFree • Contact for pricing
Free tier
Free with signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Compare Börsdata plansCompare
Full review and details
9
TradingView logo
TradingViewPartial replacement
9
TradingView logo
Partial replacement

TradingView

Analyst pickTested by us

Bottom line: Traders and investors looking for charting, alerts, screeners, and market coverage across many asset classes.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Data Visualizations
  • Quant
  • ETF Screeners
  • Stock Comparison

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on stock screening, factor screening, and quant research.
  • Free-plan limits: Signup required, Basic tier limits charts per tab, indicators, alerts, watchlists, and historical bars, and Some real-time exchange data is sold separately from platform plans.
  • Real-time market data can require add-ons: Optional real-time quote subscriptions and exchange-specific data fees.
Price
Magic Formula InvestingFree
TradingViewFree • From $12.95/mo
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Open TradingViewCompare
Full review and details
10
ChartMill logo
ChartMillDrop-in replacement
10
ChartMill logo
Drop-in replacement

ChartMill

Tested by us

Bottom line: Self-directed traders and investors looking for technical and fundamental screening, watchlists, alerts, charts, and idea templates in one browser product.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Data Visualizations
  • Scores
  • Valuation Models

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and API and market data.
  • Free-plan limits: Free access includes screener and charts with data limits and Monthly subscription is $34.97/month after first-month promotion; annual plan is $299.97/year and includes a swing-trading course.
  • Delayed market data: Paid access unlocks tools, but market data remains delayed or end-of-day, so active traders needing real-time feeds need another platform.
Price
Magic Formula InvestingFree
ChartMillFree • Paid plans available
Free tier
Free, no signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Screen stocks on ChartMillCompare
Full review and details
11
EPSMomentum logo
EPSMomentumPartial replacement
11
EPSMomentum logo
Partial replacement

EPSMomentum

Bottom line: Growth and momentum investors looking for earnings momentum, estimate revisions, PEAD drift, timing signals, scanners, dashboards, and AI analysis in one US stock/ETF platform.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Data Visualizations
  • Money Flow
  • Portfolio
  • Watchlist

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Bronze is advertised at $0/month, and Silver is advertised at $9.99/month and Gold at $49.99/month, with yearly-plan discounts shown.
  • US stocks and ETFs focus: EPSMomentum is not positioned as a global multi-asset terminal or full portfolio accounting product.
Price
Magic Formula InvestingFree
EPSMomentumFree • From $9.99/mo
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via homepage.

Visit EPSMomentumCompare
Full review and details
12
Portfolio123 logo
Portfolio123Partial replacement
12
Portfolio123 logo
Partial replacement

Portfolio123

Analyst pickTested by us

Bottom line: Rules-based investors looking for point-in-time stock and ETF simulations.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Data Visualizations
  • Quant
  • Scores
  • Valuation Models

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on stock screening, stock research, and dividend research.
  • Free-plan limits: Signup required, Free Manage module is separate from paid Research, API, and DataMiner access, and General registration offers 30 days of screener and backtesting access without a payment card.
  • Advanced research is paid: Free Manage covers portfolio tracking. Time-limited access covers screener and backtesting use before a paid Research plan, while API and DataMiner require separate paid access.
Price
Magic Formula InvestingFree
Portfolio123Free • From $25/mo
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Try Portfolio123Compare
Full review and details
13
Tickeron logo
TickeronPartial replacement
13
Tickeron logo
Partial replacement

Tickeron

Bottom line: Active traders comparing algorithmic signals, chart-pattern scans, paper trading, and AI Robots across stocks, ETFs, crypto, currencies, and mutual funds.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Auto-Trading & Bots
  • Copy/Social Trading
  • Paper Trading

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Credit card required, and Tickeron offers a $0 Member account.
  • Complex pricing surface: Tickeron sells memberships, robots, signal tools, and credits separately. The pricing page also contains temporary sale language, so users should check the selected checkout bundle.
Price
Magic Formula InvestingFree
TickeronFree • From $20/mo
Free tier
Free, card required
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Start Tickeron trialCompare
Full review and details
14
Validea logo
ValideaDrop-in replacement
14
Validea logo
Drop-in replacement

Validea

Bottom line: Investors who want stock and ETF portfolios, screens, and reports based on published guru and academic factor models.

Keep

  • Screeners
  • Stock Ideas

Gain

  • ETF Screeners
  • Quant
  • Backtesting
  • Scores

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on stock research, API and market data, and dividend research.
  • Free-plan limits: Public pages include a weekly email newsletter and limited screen and portfolio results, The site limits monthly page views before requiring a trial or paid subscription, and Standard and Pro include a seven-day free trial.
  • Model returns are not live account returns: Validea states model returns do not reflect actual trading and may include backtested and live model performance.
Price
Magic Formula InvestingFree
ValideaFree • From $269.95/yr
Free tier
Free, no signup
Replacement
Drop-in replacement

Pricing checked 2026-08-23 via pricing.

Explore Validea researchCompare
Full review and details
15
Danelfin logo
DanelfinPartial replacement
15
Danelfin logo
Partial replacement

Danelfin

Tested by us

Bottom line: Investors who want stock and ETF scores as an idea-ranking and portfolio-monitoring input.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Portfolio
  • Watchlist
  • Alerts
  • Scores

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Free web and API tiers are available but limited, and Paid web and API plans offer a 14-day trial without a required card.
  • Scores are end-of-day: Scores use the previous market day and update daily except Sundays and Mondays. They are not intraday signals.
Price
Magic Formula InvestingFree
DanelfinFree • From $264/yr
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Try DanelfinCompare
Full review and details
16
Finbox logo
FinboxPartial replacement
16
Finbox logo
Partial replacement

Finbox

Tested by us

Bottom line: Investors who want screening, company financials, valuation models, and watchlists in one web service.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Data Visualizations
  • Watchlist
  • Institutional Ownership

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Some research features require a paid plan, and Exports require Starter plus Data Boost or Professional.
  • Exports require paid add-ons or higher tiers: CSV exports require Starter plus Data Boost or Professional. Data Boost is priced per region and applies to all regions in the plan.
Price
Magic Formula InvestingFree
FinboxFree • From $120/yr
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

View Finbox pricingCompare
Full review and details
17
Simply Wall St logo
Simply Wall StPartial replacement
17
Simply Wall St logo
Partial replacement

Simply Wall St

Analyst pickTested by us

Bottom line: Long-term investors looking for visual company reports and portfolio diagnostics.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Data Visualizations
  • Portfolio
  • Watchlist
  • Financials

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, 5 company reports per month on Free, and 1 portfolio with up to 10 holdings on Free.
  • Free plan has report and portfolio limits: The Free tier includes 5 company reports per month and 1 portfolio with 10 holdings.
Price
Magic Formula InvestingFree
Simply Wall StFree • From $120/yr
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Try Simply Wall StCompare
Full review and details
18
Stockoscope logo
StockoscopePartial replacement
18
Stockoscope logo
Partial replacement

Stockoscope

Bottom line: Retail investors who want a guided workflow for business quality, peers, valuation, analyst sentiment, and ownership activity.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Stock Comparison
  • Data Visualizations
  • Watchlist
  • Financials

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and API and market data.
  • Free-plan limits: Signup required, Every new account starts with a 28-day Pro trial without a credit card, then falls back to the permanent Free plan unless upgraded, and The public AAPL dashboard and one stock can be explored without an account.
  • U.S.-listed stock coverage: Coverage is limited to more than 3,000 U.S.-listed companies, including the S&P 1500 and the broader Russell 3000, rather than global equities or other asset classes.
Price
Magic Formula InvestingFree
StockoscopeFree • From $150/yr
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-29 via pricing.

Try Stockoscope ProCompare
Full review and details
19
Value Line logo
Value LinePartial replacement
19
Value Line logo
Partial replacement

Value Line

Bottom line: Long-term investors who want analyst commentary, proprietary ranks, model portfolios, screens, and printable equity reports.

Keep

  • Screeners
  • Stock Ideas

Gain

  • Watchlist
  • Alerts
  • Financials
  • Scores

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on stock screening, factor screening, and quant research.
  • Free-plan limits: Signup required, Stock Market Today is a free daily email and Market Focus is a free weekly email, and Core equity, fund, ETF, option, and selection research requires separate paid services.
  • Subscription services are fragmented: Equities, funds, ETFs, options, and selection services are sold as separate products with different coverage and entitlements.
Price
Magic Formula InvestingFree
Value LineFree • From $199/yr
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

Compare Value Line servicesCompare
Full review and details
20
Ziggma logo
ZiggmaPartial replacement
20
Ziggma logo
Partial replacement

Ziggma

Bottom line: Self-directed investors looking for portfolio tracking, stock/ETF screens, stock scores, and impact analysis in one product.

Keep

  • Screeners
  • Stock Ideas

Gain

  • ETF Screeners
  • Financials
  • ESG Ratings
  • Portfolio

Lose

  • The screener accepts a minimum market cap in USD millions and returns 30 or 50 stocks.
  • Universe restricted to U.S.-listed equities, excluding financial and utility companies.
  • The model combines high earnings yield and high return on capital with accounting adjustments.
  • Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
  • Underlying data source is S&P Compustat. Official guidance suggests focusing on larger caps for less volatility and holding at least 20 stocks.

Watch out

  • Avoid as a full replacement if you rely on factor screening, quant research, and stock research.
  • Free-plan limits: Signup required, Free tier includes core portfolio and research modules with limits, and Paid tiers have a 7-day trial.
  • Advanced features moved to paid tiers: Account aggregation, stock scores, the portfolio optimizer, model and guru portfolios, and more broker links require a paid plan.
Price
Magic Formula InvestingFree
ZiggmaFree • From $6.99/mo
Free tier
Free with signup
Replacement
Partial replacement

Pricing checked 2026-08-23 via pricing.

View Ziggma plansCompare
Full review and details

What This Shortlist Tells You

GuruFocus is the closest drop-in replacement with overlapping coverage in Screeners and Stock Ideas while adding ETF Screeners and Top Analysts coverage and Historical financial and valuation data covers stocks in multiple regions, with screens, charts, comparisons, disclosed investor holdings, insider trades, and economic indicators. and Large global coverage footprint: current membership pages advertise 1M+ investors, 100,000 stocks across 100 markets, 30 years of financial data, thousands of institutional-investor trading histories, and 15,000+ mutual-fund holdings; the Data API separately documents 60,000+ companies across 9 regions. features (workflow overlap ~100%).

Free tiers remain available through GuruFocus, Stock Analysis, The Ledger Terminal, Investing.com, TipRanks, Value Sense, Seeking Alpha, Börsdata, TradingView, ChartMill, EPSMomentum, Portfolio123, Tickeron, Validea, Danelfin, Finbox, Simply Wall St, Stockoscope, Value Line, and Ziggma for side-by-side testing.

Need mobile access? GuruFocus, Stock Analysis, and Investing.com bring phone-ready workflows that Magic Formula Investing lacks.

Round out your stack with new coverage areas like ETF Screeners, Top Analysts, Stock Comparison, and ETF Comparison.

Coverage Snapshot

Where alternatives already align

Most shared categories across the top matches.

Screeners×20Stock Ideas×20

New angles introduced

Categories the alternatives add beyond Magic Formula Investing.

Watchlist+19Financials+17Data Visualizations+16Alerts+15News+14Dividends+13Portfolio+13Scores+13

Access & Pricing

Free options

20/20

20 of 20 alternatives keep a free tier for trials.

Mobile ready

9/20

9 alternatives bring native mobile access.

API availability

7/20

7 of the shortlisted tools expose API endpoints for automation-heavy workflows.

Quality checks

8 starred / 11 tested

8 tools are flagged as analyst picks; 11 have been hands-on tested.

Avg. coverage overlap

100%

Average percentage of categories shared with the base tool.

Frequently Asked Questions

What are the best alternatives to Magic Formula Investing?

Magic Formula Investing users most often consider GuruFocus, Stock Analysis, and The Ledger Terminal as their go-to alternatives.

Which alternatives keep a free tier?

GuruFocus, Stock Analysis, The Ledger Terminal, Investing.com, TipRanks, Value Sense, Seeking Alpha, Börsdata, TradingView, ChartMill, EPSMomentum, Portfolio123, Tickeron, Validea, Danelfin, Finbox, Simply Wall St, Stockoscope, Value Line, and Ziggma offer a free plan or trial option, making them easy to test before committing to a paid subscription.

Which workflows do the top Magic Formula Investing alternatives cover?

Expect deep coverage across Screeners and Stock Ideas, so you can port most Magic Formula Investing workflows without much friction.

Keep Exploring

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Short InterestDaily tracker for heavily shorted stocks and short squeeze candidates.
Stock RankingsBacktested ranking systems for quality, value, momentum, and more.
Investing BooksBooks behind value investing, quality investing, moats, and market behavior.
Live AnalyticsSee what users are clicking, searching, and voting for across the site.
Research ToolsFind screeners, data platforms, portfolio trackers, and research tools.

Feedback

Missing an alternative, or is a listing out of date? Tell me and I will look.

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.