VOL. XCIV, NO. 247
★ BEST INVESTING TOOLS COMPARISON ★
NO ADVICE
Wednesday, June 3, 2026
Tool Comparison · Wednesday, June 3, 2026
Magic Formula Investing vs The Ledger Terminal
Magic Formula Investing vs The Ledger Terminal: which investing tool fits your workflow? Compare pricing, features, platforms, and verdict in seconds.
Magic Formula Investing
magicformulainvesting.com
Best for screeners, and stock ideas
- Pricing
- Free
- Platforms
- Web
The Ledger Terminal
theledgerterminal.com
Best for stock comparison, and data visualizations
- Pricing
- Free • From $100.8/yr
- Platforms
- Web
Outbound links may include affiliate or sponsor codes.
Comparison snapshot
Who should choose which?
Choose
Magic Formula Investing if…
- You need straightforward screener with only two inputs: minimum market cap (usd, millions) and number of results (30 or 50).
- You need universe restricted to u.s.-listed equities, excluding financial and utility companies.
- You need ranks companies on two factors: high earnings yield (low p/e) and high return on capital, with minor accounting adjustments.
- You need update cadence: price data refreshed daily around 8:00 am et on trading days; financial data updated quarterly.
Choose
The Ledger Terminal if…
- You’re a long-term or value-focused investor
- You need one-page stock tearsheets with log-scale valuation chart, historical financial table, business description, segment revenue when reported, direct sec filing links, and quality checklist.
- You need financial-statement data is extracted directly from sec edgar filings and validated through automated qa checks; sec year links point users back to the source filings.
- You need coverage of 10,000+ stocks, with up to 15 years of annual and quarterly history for pro users and 2 years of financials for free users.
Consider alternatives if…
- You want broader category coverage in one tool.
- Neither pricing tier fits your budget.
Side-by-side feature breakdown
| Attribute | Magic Formula Investing | The Ledger Terminal |
|---|---|---|
Asset types | Stocks | Stocks |
Experience | BeginnerIntermediateAdvanced | BeginnerIntermediateAdvanced |
Regions | North America | North AmericaEuropeAPAC |
Data freshness | End of Day | End of Day |
API access | Not specified | Not specified |
Export formats | Not specified | Excel |
Seen enough? Open either tool and try it now.
Pricing breakdown
Tool
Magic Formula Investing
—
Starting price
Plans & pricing
Tool
The Ledger Terminal
$8.39/mo
Starting price
Plans & pricing
Coverage overlap
Categories covered by Magic Formula Investing only.
No unique categories.
Categories covered by The Ledger Terminal only.
Community category leaders
Vote sentiment comparison
Loading sentiment chart...
Still deciding? Get hands-on with both — most plans offer a free tier or trial.
Frequently Asked Questions
What's the difference between Magic Formula Investing and The Ledger Terminal?
Magic Formula Investing focuses on Screeners, and Stock Ideas while The Ledger Terminal specializes in Stock Ideas, Screeners, and Stock Comparison. They overlap in 2 categories, so choose based on your preferred workflow and pricing.
How much do Magic Formula Investing and The Ledger Terminal cost?
Good news—both Magic Formula Investing and The Ledger Terminal offer free plans. You can try each platform without commitment and only pay when you need premium features.
Should I choose Magic Formula Investing or The Ledger Terminal?
Choose Magic Formula Investing if you need Straightforward screener with only two inputs: minimum market cap (USD, millions) and number of results (30 or 50)., and Universe restricted to U.S.-listed equities, excluding financial and utility companies.. Go with The Ledger Terminal if One-page stock tearsheets with log-scale valuation chart, historical financial table, business description, segment revenue when reported, direct SEC filing links, and quality checklist., and Financial-statement data is extracted directly from SEC EDGAR filings and validated through automated QA checks; SEC year links point users back to the source filings. better fits how you invest.
Can I export data from Magic Formula Investing and The Ledger Terminal?
The Ledger Terminal supports data exports to Excel. Magic Formula Investing has more limited export options.
Which has a better stock screener—Magic Formula Investing or The Ledger Terminal?
Both Magic Formula Investing and The Ledger Terminal include stock screeners. Try each to see which filtering options and interface you prefer.
Other tools you might like
These profiles share overlapping coverage with both sides of this matchup.
Keep Exploring
Global rankings of the highest-rated tools across all categories.
Ranked list of companies with durable competitive advantages.
Proven models entering their growth phase with solid economics.
Track votes, sentiment, and engagement across the community.
Learn moat types, red flags, and real-company examples.
Browse other head-to-head tool comparisons and alternatives.
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.