Stocks ranked by Greenblatt's Magic Formula
Ranked by combined earnings-yield and return-on-capital rank. Updated daily using 5 investment models.
204 of 1,012 stocks Greenblatt's model rates pass — rated Strong (combined rank in the top 20%), as of Nov 6, 2026. 296 more are not rated because Greenblatt's model does not apply to them. PR ranks first.
Data as of
| # | Ticker | Greenblatt | Score |
|---|---|---|---|
| 1 | PR | Strong | 5.5 |
| 2 | SNDK | Strong | 7.7 |
| 3 | NVST | Strong | 4.5 |
| 4 | INDV | Strong | 3.7 |
| 5 | HRB | Strong | 4.9 |
| 6 | GEN | Strong | 2.9 |
| 7 | KBR | Strong | 2.2 |
| 8 | CROX | Strong | 5.6 |
| 9 | UPWK | Strong | 2.3 |
| 10 | BKE | Strong | 5.1 |
| 11 | ADBE | Strong | 3.8 |
| 12 | YELP | Strong | 3.2 |
| 13 | DECK | Strong | 5.7 |
| 14 | IT | Strong | 3.2 |
| 15 | GDDY | Strong | 2.6 |
| 16 | INVA | Strong | 5.8 |
| 17 | MD | Strong | 4.6 |
| 18 | CXW | Strong | 6.7 |
| 19 | CWK | Strong | 2.6 |
| 20 | MTCH | Strong | 5.5 |
| 21 | CI | Strong | 4.3 |
| 22 | BBWI | Strong | 3.7 |
| 23 | MO | Strong | 5.7 |
| 24 | ACN | Strong | 3.5 |
| 25 | PBI | Strong | 4.4 |
| 26 | WEX | Strong | 4.9 |
| 27 | KFY | Strong | 6.3 |
| 28 | DXC | Strong | 3.2 |
| 29 | PARR | Strong | 7.5 |
| 30 | ANF | Strong | 7.3 |
| 31 | FLR | Strong | 4.6 |
| 32 | BKNG | Strong | 3.0 |
| 33 | COLL | Strong | 2.0 |
| 34 | THC | Strong | 6.0 |
| 35 | MU | Strong | 7.5 |
| 36 | AMN | Strong | 6.3 |
| 37 | CTSH | Strong | 4.0 |
| 38 | EME | Strong | 6.3 |
| 39 | NGVT | Strong | 5.9 |
| 40 | TPR | Strong | 5.7 |
| 41 | G | Strong | 5.3 |
| 42 | ADEA | Strong | 6.2 |
| 43 | PYPL | Strong | 4.7 |
| 44 | LULU | Strong | 4.3 |
| 45 | NATL | Strong | 5.0 |
| 46 | VNT | Strong | 3.8 |
| 47 | CARG | Strong | 3.6 |
| 48 | NTCT | Strong | 6.7 |
| 49 | FOX | Strong | 4.1 |
| 50 | GAP | Strong | 4.7 |
Greenblatt's rules, as AlphaStocks applies them
| Test | Passes when |
|---|---|
| Earnings yield = EBIT / enterprise value | ranked across the eligible universe; enterprise value = market cap + debt + preferred + minority interest − cash not needed to run the business; EV ≤ 0 is left out |
| Return on capital = EBIT / (net working capital + net PP&E) | ranked across the eligible universe; working capital excludes cash and short-term debt and is floored at 0; capital below 1% of revenue is not meaningful and is left out |
How the tests become a status
- Strong: combined rank in the top 20%
- Attractive: the next 20%
- Neutral: the middle 30%
- Reject: the bottom 30%
Not applicable to
- Bank — Greenblatt does not rate banks
- Insurer — Greenblatt does not rate insurers
- Asset manager — Greenblatt does not rate financial companies: EBIT and working capital mean nothing for a balance sheet that is the business
- Holding company — Greenblatt does not rate financial companies: EBIT and working capital mean nothing for a balance sheet that is the business
- Utility — Greenblatt does not rate utilities
- REIT — Greenblatt does not rate REITs: their real estate is the capital, so return on capital is a property yield
296 covered stocks are left off this list for that reason — not scored as a fail.
Source
The Little Book That Beats the Market, Joel Greenblatt. Cited as: Greenblatt, The Little Book That Beats the Market (2006).
The book buys from the top of the list; the band cut-offs are ours.
How AlphaStocks computes the Greenblatt Magic Formula →