Magic Formula Investing

Last Updated: Fri, 22 Jan 2021 10:07:42

Magic formula investing is a term referring to an investment technique outlined by Joel Greenblatt that uses the principles of value investing.

Greenblatt suggests purchasing 30 'good companies': cheap stocks with a high earnings yield and a high return on capital.

He touts the success of his magic formula in his book 'The Little Book that Beats the Market', Joel Greenblatt, citing that it does in fact beat the S&P 500 96% of the time, and has averaged a 17-year annual return of 30.8%.

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Stock Last Price Market Cap EY ROIC Magic Rank Total Score
CANONE [NS]* 2.87 551 1.11 23.9 4 11.3
ARBB 0.28 124 0.29 21.85 5 8.6
PARAMON* 0.815 494 0.28 22.7 6 7.1
COMPLET [NS] 0.68 84 0.19 25.83 8 6.6
KOSSAN 4.11 5252 0.12 29.02 9 9.7
MAXIM* 0.305 238 0.27 13.43 10 8.1
AIRASIA 0.725 2422 0.1 336.47 11 4.3
LITRAK 3.95 2081 0.11 19.79 12 7.0
FAJAR* 0.48 179 0.23 11.86 13 8.6
LIIHEN* 3.87 696 0.11 19.26 14 10.8
ALLIANZ [NS] 14.58 2566 0.2 12.35 15 11.8
KHIND 3.38 135 0.17 12.62 16 8.6
MAGNI* 2.19 950 0.11 17.01 17 8.5
COMFORT* 3.15 1767 0.09 33.49 18 9.3
MATRIX* 1.74 1308 0.18 11.86 19 10.2
BPPLAS* 1.4 261 0.11 14.38 20 8.3
HOHUP 0.41 169 0.4 9.73 21 4.8
DPS 0.115 67 0.21 10.36 22 7.3
MBWORLD 0.975 153 0.24 9.85 23 4.8
HOMERIZ* 0.675 202 0.11 13.39 24 10.0
ASTRO [NS] 0.89 4640 0.11 13.18 25 8.4
EUPE 0.865 110 0.37 8.51 26 9.5
ASB 0.145 139 0.17 10.08 28 6.6
TAKAFUL 4.42 3650 0.09 21.79 29 8.0
KUB* 0.545 303 0.15 10.24 30 6.9
POHUAT* 1.65 459 0.11 12.16 31 9.8
SUPERMX 6.39 17326 0.08 55.24 32 8.3
JAYCORP* 1.6 219 0.11 11.78 33 10.6
TOMEI [NS] 0.86 118 0.19 9.46 34 7.2
TOPGLOV 6.19 50632 0.08 58.83 35 11.1
MFCB 6.95 2898 0.11 11.84 36 11.2
CIHLDG* 2.03 328 0.11 12.26 37 8.8
CCK* 0.58 365 0.1 11.67 38 9.0
KKB* 1.59 409 0.1 11.06 39 7.5
CAREPLS* 2.47 1311 0.07 42.05 40 10.1
FPI* 2.55 629 0.08 14.64 41 11.9
IBRACO* 0.55 272 0.15 7.85 42 9.1
JIANKUN 0.475 78 0.09 12.31 43 8.6
GCB 2.59 2667 0.08 16.98 44 7.7
BAT [NS] 13.16 3750 0.07 72.63 45 7.5
VSTECS* 2.26 406 0.09 10.63 46 8.4
SAMCHEM [NS]* 1.32 359 0.08 15.12 47 11.1
OSK [NS]* 0.83 1738 0.21 6.6 48 7.4
HTPADU 1.6 160 0.09 11.53 49 7.5
PTARAS* 2.71 447 0.09 10.62 50 10.1
UOADEV 1.65 3042 0.11 8.41 51 8.9
PERSTIM* 3.83 379 0.1 8.8 52 5.9
JOHOTIN* 1.86 576 0.08 12.27 53 9.5
SCICOM [NS]* 0.95 335 0.07 21.44 54 10.1
LIONPSIM 0.575 132 0.26 5.83 56 8.3
BIMB 4.09 7214 0.09 9.4 57 9.0
MASTER 1.95 105 0.1 9.34 58 10.5
COCOLND* 1.72 392 0.08 11.15 59 8.1
ASTINO* 0.905 247 0.12 6.91 60 9.0
SERBADK 1.6 5424 0.1 8.8 61 9.1
HLCAP [NS]* 5.96 1561 0.08 13.04 62 7.0
LAGENDA* 1.41 681 0.09 8.77 63 9.9
MBL 0.595 134 0.1 7.91 64 4.9
LSTEEL 0.56 71 0.14 6.4 66 7.6
PRLEXUS* 1.11 199 0.12 6.49 67 8.3
SHCHAN 0.5 65 0.14 6.14 68 9.5
TGUAN* 2.49 948 0.08 10.64 69 9.2
EWEIN 0.31 93 0.18 5.52 70 5.9
FAVCO* 2.15 475 0.11 6.51 71 4.0
ICONIC* 0.495 122 0.09 8.62 72 8.3
SWKPLNT* 2.06 576 0.09 8.61 73 8.2
YOCB 0.9 143 0.11 6.81 74 8.7
MARCO [NS] 0.12 126 0.11 6.86 75 5.1
MBSB [NS] 0.61 3897 0.14 5.98 76 7.4
RCECAP [NS]* 2.55 917 0.13 6.03 77 8.9