Joel Greenblatt 的神奇公式(Magic Formula)是一个价值投资的选股策略。
这个策略的目标是：找到价格便宜的优质公司。
在 The Little Book that Beats the Market 一书中，Joel Greenblatt 提到，神奇公式在1988年至2009年的20年间，其年化回报率高达23.8%，大幅跑赢标普500指数仅9.6%的同期回报，表现无疑相当惊人。
神奇公式通过两个简单的核心指标，资本报酬率(ROIC)和盈余殖利率(Earning Yield)，来寻找「质优」和「价廉」的股票。
具体而言，资本报酬率(ROIC)是用来判断管理层运用公司资产经营能力的高低；当然，买入经营能力好的公司，投资回报自然较高。
而盈余殖利率(Earning Yield)则是用来分析股票的估值；当股票被严重低估时，盈余殖利率就会飙升，投资者在这时候买入股票的潜在回报就会相对较高。
财报说自动计算出上市公司的资本报酬率(ROIC)和盈余殖利率(Earning Yield)，并进行综合排名。
该榜单还加入财报说 CBS 评分和体质灯号机制，供您综合参考。
温馨提示：
神奇公式有其局限性，投资者应综合多年财报数据、股价趋势等因素进一步分析考量。
建议结合股价斜率榜、CBS 财报打分榜共同使用。
免责声明：
本榜单仅供公司分析使用，不构成投资建议或推荐；过往业绩不代表未来表现，股市有风险，投资需谨慎。
共 1485 间公司，其中 A 股 311 间公司
| 序号 | 公司 | 资本报酬率（ROIC） | 盈余殖利率 | CBS | 灯号 |
|---|---|---|---|---|---|
| 1 | [解锁榜单] | 34.8% | 8.89% | 98.4 | 低估 |
| 2 | [解锁榜单] | 29.7% | 3.73% | 97.34 | 中等 |
| 3 | [解锁榜单] | 29.1% | 3.41% | 95.1 | 低估 |
| 4 | [解锁榜单] | 25.3% | 4.32% | 94.91 | 低价 |
| 5 | [解锁榜单] | 28.6% | 2.26% | 94.7 | 低估 |
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立即开通专业版会员| 序号 | 公司 | 资本报酬率（ROIC） | 盈余殖利率 | CBS 评分 | 灯号 | 自选 |
|---|---|---|---|---|---|---|
| 1 | [解锁榜单] | 151.9% | 30303.00% | 82.05 | 中等 | |
| 2 | [解锁榜单] | 87.8% | 18868.00% | 95.49 | 中等 | |
| 3 | [解锁榜单] | 56.2% | 9804.00% | 84.01 | 中等 | |
| 4 | [解锁榜单] | 127.1% | 6135.00% | 80.28 | 过热 | |
| 5 | [解锁榜单] | 51.6% | 14085.00% | 90.19 | 低价 | |
| 6 | [解锁榜单] | 36.2% | 45455.00% | 84.26 | 低估 | |
| 7 | [解锁榜单] | 86.9% | -13514.00% | 81.8 | 低价 | |
| 8 | [解锁榜单] | 125.9% | 10309.00% | 86.91 | 中等 | |
| 9 | [解锁榜单] | 52.2% | 9009.00% | 81.53 | 过热 | |
| 10 | [解锁榜单] | 31.7% | 3788.00% | 73.27 | 低价 | |
| 11 | [解锁榜单] | 121.5% | 6757.00% | 86.15 | 中等 | |
| 12 | [解锁榜单] | 32.9% | 4098.00% | 89.42 | 低估 | |
| 13 | [解锁榜单] | 43.2% | 6993.00% | 87.53 | 低价 | |
| 14 | [解锁榜单] | 44.1% | 9901.00% | 91.98 | 中等 | |
| 15 | [解锁榜单] | 41.4% | 3115.00% | 85.19 | 中等 | |
| 16 | [解锁榜单] | 64.1% | 6211.00% | 90.65 | 中等 | |
| 17 | [解锁榜单] | 42.1% | 6494.00% | 82.48 | 低估 | |
| 18 | [解锁榜单] | 46.1% | 6803.00% | 86.11 | 低价 | |
| 19 | [解锁榜单] | 24.3% | 11236.00% | 93.94 | 中等 | |
| 20 | [解锁榜单] | 79.9% | 4608.00% | 95.58 | 过热 | |
| 21 | [解锁榜单] | 16.7% | 125000.00% | 77.53 | 中等 | |
| 22 | [解锁榜单] | 30.9% | 6536.00% | 79.69 | 中等 | |
| 23 | [解锁榜单] | 19.1% | 125000.00% | 81.84 | 低价 | |
| 24 | [解锁榜单] | 16.0% | -6711.00% | 70.49 | 低价 | |
| 25 | [解锁榜单] | 29.1% | 6098.00% | 80.16 | 中等 | |
| 26 | [解锁榜单] | 25.0% | 6536.00% | 82.13 | 中等 | |
| 27 | [解锁榜单] | 24.6% | 6667.00% | 81.95 | 中等 | |
| 28 | [解锁榜单] | 30.1% | 4717.00% | 85.61 | 中等 | |
| 29 | [解锁榜单] | 42.5% | 4255.00% | 81.29 | 低价 | |
| 30 | [解锁榜单] | 14.5% | 125000.00% | 85.32 | 低价 | |
| 31 | [解锁榜单] | 130.6% | 2141.00% | 79.34 | 中等 | |
| 32 | [解锁榜单] | 14.8% | 83333.00% | 82.45 | 中等 | |
| 33 | [解锁榜单] | 26.8% | 3448.00% | 91.23 | 低价 | |
| 34 | [解锁榜单] | 24.4% | 4762.00% | 88.91 | 低价 | |
| 35 | [解锁榜单] | 26.7% | 5319.00% | 83.03 | 中等 | |
| 36 | [解锁榜单] | 25.3% | 4132.00% | 78.8 | 中等 | |
| 37 | [解锁榜单] | 36.7% | 3861.00% | 82.66 | 低估 | |
| 38 | [解锁榜单] | 20.5% | 6211.00% | 75.68 | 中等 | |
| 39 | [解锁榜单] | 51.5% | 2577.00% | 80.16 | 中等 | |
| 40 | [解锁榜单] | 20.7% | 5464.00% | 73.16 | 低价 | |
| 41 | [解锁榜单] | 28.0% | 3731.00% | 91.4 | 低价 | |
| 42 | [解锁榜单] | 14.9% | 40000.00% | 71.53 | 中等 | |
| 43 | [解锁榜单] | 17.7% | 6623.00% | 78.36 | 低估 | |
| 44 | [解锁榜单] | 18.2% | 4032.00% | 71.94 | 过热 | |
| 45 | [解锁榜单] | 24.5% | 4739.00% | 73.36 | 过热 | |
| 46 | [解锁榜单] | 30.7% | 3521.00% | 81.87 | 低估 | |
| 47 | [解锁榜单] | 83.1% | 2564.00% | 91.55 | 低估 | |
| 48 | [解锁榜单] | 18.6% | 5128.00% | 86.74 | 中等 | |
| 49 | [解锁榜单] | 18.2% | 4367.00% | 79.76 | 过热 | |
| 50 | [解锁榜单] | 34.3% | 2890.00% | 86.62 | 中等 | |
| 51 | [解锁榜单] | 77.5% | 453.00% | 89.26 | 中等 | |
| 52 | [解锁榜单] | 27.7% | 2941.00% | 80.26 | 低估 | |
| 53 | [解锁榜单] | 29.6% | 3145.00% | 82.46 | 低估 | |
| 54 | [解锁榜单] | 12.0% | 16393.00% | 74.67 | 中等 | |
| 55 | [解锁榜单] | 11.3% | 17857.00% | 82.23 | 中等 | |
| 56 | [解锁榜单] | 21.8% | 4292.00% | 84.16 | 低价 | |
| 57 | [解锁榜单] | 11.0% | 18182.00% | 72.15 | 中等 | |
| 58 | [解锁榜单] | 18.9% | 4149.00% | 83.87 | 过热 | |
| 59 | [解锁榜单] | 18.8% | 4237.00% | 76.66 | 中等 | |
| 60 | [解锁榜单] | 24.3% | 3413.00% | 83.0 | 低估 | |
| 61 | [解锁榜单] | 30.1% | 2833.00% | 78.29 | 低估 | |
| 62 | [解锁榜单] | 187.8% | 1597.00% | 81.03 | 中等 | |
| 63 | [解锁榜单] | 13.7% | 5291.00% | 75.26 | 中等 | |
| 64 | [解锁榜单] | 16.2% | 4425.00% | 80.22 | 中等 | |
| 65 | [解锁榜单] | 24.7% | 2817.00% | 83.22 | 低价 | |
| 66 | [解锁榜单] | 84.7% | 2188.00% | 75.64 | 低价 | |
| 67 | [解锁榜单] | 17.2% | 3937.00% | 71.09 | 中等 | |
| 68 | [解锁榜单] | 14.6% | 4739.00% | 78.46 | 低价 | |
| 69 | [解锁榜单] | 38.1% | 2232.00% | 75.62 | 低估 | |
| 70 | [解锁榜单] | 42.2% | 2242.00% | 80.97 | 低估 | |
| 71 | [解锁榜单] | 18.3% | 2933.00% | 75.12 | 过热 | |
| 72 | [解锁榜单] | 17.9% | 3636.00% | 76.26 | 中等 | |
| 73 | [解锁榜单] | 20.1% | 2294.00% | 83.42 | 低估 | |
| 74 | [解锁榜单] | 32.2% | 2232.00% | 81.16 | 中等 | |
| 75 | [解锁榜单] | 20.6% | 2364.00% | 81.64 | 低价 | |
| 76 | [解锁榜单] | 33.8% | 2198.00% | 87.19 | 低价 | |
| 77 | [解锁榜单] | 25.9% | 2439.00% | 85.05 | 低价 | |
| 78 | [解锁榜单] | 20.8% | 2703.00% | 74.95 | 中等 | |
| 79 | [解锁榜单] | 16.1% | 3125.00% | 75.18 | 低价 | |
| 80 | [解锁榜单] | 27.3% | 1698.00% | 80.52 | 低价 | |
| 81 | [解锁榜单] | 24.5% | 2392.00% | 79.27 | 低价 | |
| 82 | [解锁榜单] | 29.5% | 2137.00% | 85.51 | 中等 | |
| 83 | [解锁榜单] | 19.1% | 2611.00% | 78.8 | 低价 | |
| 84 | [解锁榜单] | 74.0% | 1795.00% | 84.93 | 低估 | |
| 85 | [解锁榜单] | 52.0% | 1335.00% | 88.28 | 中等 | |
| 86 | [解锁榜单] | 23.6% | 2227.00% | 80.08 | 低估 | |
| 87 | [解锁榜单] | 8.9% | 7042.00% | 74.11 | 中等 | |
| 88 | [解锁榜单] | 21.2% | 2299.00% | 79.43 | 低估 | |
| 89 | [解锁榜单] | 18.7% | 2358.00% | 82.12 | 中等 | |
| 90 | [解锁榜单] | 11.5% | 2410.00% | 81.15 | 中等 | |
| 91 | [解锁榜单] | 19.0% | 2320.00% | 77.72 | 低价 | |
| 92 | [解锁榜单] | 28.2% | 1953.00% | 75.21 | 低价 | |
| 93 | [解锁榜单] | 14.7% | 2703.00% | 72.93 | 中等 | |
| 94 | [解锁榜单] | 22.2% | 2079.00% | 83.53 | 低估 | |
| 95 | [解锁榜单] | 8.3% | 5952.00% | 76.58 | 中等 | |
| 96 | [解锁榜单] | 20.1% | 2137.00% | 84.09 | 中等 | |
| 97 | [解锁榜单] | 11.0% | 3663.00% | 76.27 | 中等 | |
| 98 | [解锁榜单] | 23.7% | 1927.00% | 75.89 | 低估 | |
| 99 | [解锁榜单] | 45.1% | 1580.00% | 76.78 | 低估 | |
| 100 | [解锁榜单] | 28.0% | 1748.00% | 89.21 | 低估 |