★ A CURATED DIRECTORY OF FINANCIAL TOOLS AND RESOURCES ★
VOL. XCIV, NO. 247
Magic Formula Investing Review, Pricing, and Features
Magic Formula Investing is the official free Joel Greenblatt-style screen. It ranks eligible U.S. stocks by earnings yield and return on capital and returns a simple list of 30 or 50 names based on minimum market cap. It is a narrow idea screen, not a flexible research terminal or portfolio tool.
Best for
- Investors looking for the official, simple Joel Greenblatt Magic Formula stock list without configuring their own multi-factor screen.
- Users learning the book-driven Magic Formula strategy through its free official screener.
- Users validating a value-quality idea list before doing deeper financial statement research.
Watch out
- The screener only supports minimum market cap and 30-or-50 result count inputs, so it is not a flexible research terminal.
- The official methodology excludes financials, utilities, and foreign companies/ADRs.
Community votes (overall)
No votes yet. Be the first to rate this tool.
Pricing
Free
Free
Key features
- The official Magic Formula screener with two inputs, minimum market cap and either 30 or 50 results.
- Screening for companies ranked on high earnings yield and high return on capital, with the accounting adjustments described by the official methodology.
- A narrow value and quality idea list for further research.
- Focus on U.S.-listed equities because the official universe excludes foreign companies and ADRs.
- Financial and utility companies are excluded from the official screen.
- Prices update around 8:00 AM ET on trading days. Financial data updates quarterly.
- S&P Compustat supplies the underlying data.
- Monitor the educational strategy guidance only if it fits your process, including larger-cap focus, equal-dollar weighting, diversification, and annual holding-period concepts.
- Create a free account before accessing screener results.
- Magic Formula Investing is educational stock-screening software, not a registered adviser, brokerage firm, investment company, customizable factor platform, or recommendation to buy the listed stocks.
FAQ
Is Magic Formula Investing free?
Magic Formula Investing is free to use. Visit the vendor site for the latest limits and onboarding details.
Who is Magic Formula Investing best for?
It suits beginner, intermediate, and advanced users.
What platforms and connections does Magic Formula Investing support?
You can use Magic Formula Investing on Web.
Which markets does Magic Formula Investing cover?
Magic Formula Investing covers North America. Examples include US. It tracks Stocks. Identifiers include Ticker.
Suggest an edit
Keep Exploring
Information
About Me
Hey! Thanks for stopping by. I'm an independent investor with a soft spot for coding and the stock market - especially value investing (as you can probably tell from the tools I've collected here, haha). Hopefully you'll find something useful or interesting along the way.
Find me here:
- Twitter / X: @Jera_Value
- Website: Jera Value
Got questions or suggestions? I'm all ears!
Missing a Tool?
Discovered a gem I don't have here yet? Drop the link below and I'll check it out ASAP. Tagging me on X works too! Can't wait to see what you've found!
Starred Tools
These are my top picks. Tools I've tested thoroughly and found to be excellent. They do their job really well, and I use them a lot. If you're not already familiar with them, I highly recommend checking them out.
Tested Tools
These are tools I've tried and found to be solid, but not standout. Think of them as passing an initial quality screen: worth exploring, though not all will be exceptional.
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.