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] | 114.0% | 13889.00% | 94.92 | 低价 | |
| 2 | [解锁榜单] | 89.5% | 6803.00% | 94.12 | 中等 | |
| 3 | [解锁榜单] | 107.0% | 7092.00% | 90.07 | 低价 | |
| 4 | [解锁榜单] | 112.0% | 6323.00% | 93.44 | 低估 | |
| 5 | [解锁榜单] | 141.8% | 6250.00% | 84.59 | 低估 | |
| 6 | [解锁榜单] | 94.1% | 6289.00% | 95.55 | 低价 | |
| 7 | [解锁榜单] | 83.6% | 34483.00% | 85.72 | 低价 | |
| 8 | [解锁榜单] | 90.4% | 3788.00% | 90.29 | 低估 | |
| 9 | [解锁榜单] | 82.5% | 5988.00% | 91.29 | 低估 | |
| 10 | [解锁榜单] | 99.1% | 3521.00% | 82.36 | 低估 | |
| 11 | [解锁榜单] | 54.3% | 9174.00% | 88.49 | 低估 | |
| 12 | [解锁榜单] | 64.6% | 5051.00% | 87.56 | 低估 | |
| 13 | [解锁榜单] | 108.8% | 3802.00% | 89.6 | 低估 | |
| 14 | [解锁榜单] | 34.0% | 55556.00% | 71.26 | 低价 | |
| 15 | [解锁榜单] | 160.6% | 2755.00% | 92.25 | 低估 | |
| 16 | [解锁榜单] | 109.2% | 2967.00% | 81.04 | 低价 | |
| 17 | [解锁榜单] | 65.6% | 3125.00% | 86.33 | 低价 | |
| 18 | [解锁榜单] | 107.8% | 2674.00% | 87.57 | 低估 | |
| 19 | [解锁榜单] | 55.1% | 3175.00% | 78.19 | 低估 | |
| 20 | [解锁榜单] | 42.0% | 4098.00% | 72.84 | 低价 | |
| 21 | [解锁榜单] | 176.0% | 2494.00% | 94.59 | 低价 | |
| 22 | [解锁榜单] | 47.1% | 3030.00% | 85.22 | 低估 | |
| 23 | [解锁榜单] | 50.4% | 2899.00% | 87.38 | 低估 | |
| 24 | [解锁榜单] | 78.6% | 2439.00% | 92.55 | 低估 | |
| 25 | [解锁榜单] | 43.7% | 2294.00% | 81.27 | 低估 | |
| 26 | [解锁榜单] | 42.9% | 1961.00% | 76.72 | 过热 | |
| 27 | [解锁榜单] | 170.7% | 2141.00% | 88.89 | 低价 | |
| 28 | [解锁榜单] | 25.9% | 4237.00% | 72.79 | 低价 | |
| 29 | [解锁榜单] | 53.1% | 2304.00% | 71.4 | 低价 | |
| 30 | [解锁榜单] | 83.0% | 2132.00% | 81.02 | 低价 | |
| 31 | [解锁榜单] | 21.2% | 3690.00% | 81.17 | 低估 | |
| 32 | [解锁榜单] | 41.9% | 2519.00% | 84.18 | 低估 | |
| 33 | [解锁榜单] | 28.1% | 2907.00% | 81.5 | 中等 | |
| 34 | [解锁榜单] | 27.8% | 3509.00% | 75.17 | 低价 | |
| 35 | [解锁榜单] | 64.2% | 2004.00% | 88.37 | 低估 | |
| 36 | [解锁榜单] | 27.8% | 3289.00% | 80.76 | 低价 | |
| 37 | [解锁榜单] | 27.9% | 2667.00% | 87.14 | 低估 | |
| 38 | [解锁榜单] | 31.8% | 2242.00% | 83.51 | 低估 | |
| 39 | [解锁榜单] | 26.1% | 2801.00% | 90.26 | 低价 | |
| 40 | [解锁榜单] | 126.2% | 1757.00% | 88.83 | 低价 | |
| 41 | [解锁榜单] | 20.5% | 2273.00% | 78.21 | 中等 | |
| 42 | [解锁榜单] | 62.2% | 1859.00% | 90.2 | 低估 | |
| 43 | [解锁榜单] | 30.0% | 2273.00% | 81.9 | 中等 | |
| 44 | [解锁榜单] | 58.2% | 1805.00% | 86.58 | 中等 | |
| 45 | [解锁榜单] | 80.8% | 1835.00% | 82.23 | 低估 | |
| 46 | [解锁榜单] | 74.1% | 1757.00% | 82.8 | 低价 | |
| 47 | [解锁榜单] | 19.9% | 3676.00% | 76.35 | 低价 | |
| 48 | [解锁榜单] | 17.4% | 13514.00% | 74.99 | 低价 | |
| 49 | [解锁榜单] | 18.7% | 4717.00% | 72.43 | 低价 | |
| 50 | [解锁榜单] | 21.8% | 3268.00% | 75.89 | 低估 | |
| 51 | [解锁榜单] | 57.0% | 1730.00% | 86.74 | 低价 | |
| 52 | [解锁榜单] | 22.5% | 2558.00% | 76.43 | 低估 | |
| 53 | [解锁榜单] | 20.6% | 1866.00% | 80.62 | 中等 | |
| 54 | [解锁榜单] | 67.7% | 1695.00% | 82.7 | 低估 | |
| 55 | [解锁榜单] | 25.1% | 2370.00% | 78.15 | 低估 | |
| 56 | [解锁榜单] | 28.2% | 2008.00% | 87.79 | 低估 | |
| 57 | [解锁榜单] | 103.0% | 1653.00% | 84.39 | 低估 | |
| 58 | [解锁榜单] | 20.9% | 2463.00% | 78.65 | 中等 | |
| 59 | [解锁榜单] | 18.6% | 3401.00% | 82.61 | 低价 | |
| 60 | [解锁榜单] | 41.0% | 1786.00% | 87.89 | 低估 | |
| 61 | [解锁榜单] | 25.1% | 2151.00% | 82.98 | 低估 | |
| 62 | [解锁榜单] | 16.3% | 5181.00% | 73.08 | 低价 | |
| 63 | [解锁榜单] | 19.5% | 2849.00% | 83.68 | 低价 | |
| 64 | [解锁榜单] | 18.8% | 3155.00% | 76.4 | 低价 | |
| 65 | [解锁榜单] | 42.3% | 1637.00% | 85.74 | 低价 | |
| 66 | [解锁榜单] | 31.4% | 1859.00% | 81.56 | 低估 | |
| 67 | [解锁榜单] | 22.2% | 2174.00% | 74.74 | 中等 | |
| 68 | [解锁榜单] | 30.9% | 1866.00% | 70.63 | 低价 | |
| 69 | [解锁榜单] | 70.2% | 1597.00% | 92.57 | 中等 | |
| 70 | [解锁榜单] | 24.4% | 2066.00% | 78.03 | 低估 | |
| 71 | [解锁榜单] | 27.0% | 1953.00% | 87.68 | 中等 | |
| 72 | [解锁榜单] | 15.3% | 4274.00% | 85.72 | 低估 | |
| 73 | [解锁榜单] | 65.1% | 1618.00% | 89.47 | 低估 | |
| 74 | [解锁榜单] | 55.9% | 1582.00% | 93.94 | 低估 | |
| 75 | [解锁榜单] | 65.1% | 1560.00% | 92.36 | 低价 | |
| 76 | [解锁榜单] | 11.2% | 5682.00% | 73.14 | 低价 | |
| 77 | [解锁榜单] | 16.0% | 3021.00% | 70.03 | 低价 | |
| 78 | [解锁榜单] | 20.6% | 2198.00% | 71.69 | 低价 | |
| 79 | [解锁榜单] | 26.6% | 1859.00% | 73.88 | 低价 | |
| 80 | [解锁榜单] | 23.4% | 1905.00% | 77.18 | 低价 | |
| 81 | [解锁榜单] | 32.3% | 1653.00% | 84.85 | 低价 | |
| 82 | [解锁榜单] | 22.5% | 1905.00% | 78.9 | 中等 | |
| 83 | [解锁榜单] | 16.1% | 2841.00% | 77.39 | 低估 | |
| 84 | [解锁榜单] | 25.4% | 1754.00% | 71.06 | 低价 | |
| 85 | [解锁榜单] | 24.7% | 1802.00% | 88.24 | 低估 | |
| 86 | [解锁榜单] | 13.9% | 5495.00% | 74.26 | 低价 | |
| 87 | [解锁榜单] | 23.6% | 1887.00% | 85.13 | 低价 | |
| 88 | [解锁榜单] | 15.7% | 3378.00% | 77.88 | 低价 | |
| 89 | [解锁榜单] | 29.3% | 1678.00% | 83.52 | 低价 | |
| 90 | [解锁榜单] | 19.9% | 2088.00% | 71.96 | 低价 | |
| 91 | [解锁榜单] | 57.9% | 1460.00% | 71.71 | 中等 | |
| 92 | [解锁榜单] | 187.4% | 1179.00% | 95.85 | 过热 | |
| 93 | [解锁榜单] | 29.2% | 1658.00% | 76.02 | 低估 | |
| 94 | [解锁榜单] | 42.0% | 1563.00% | 85.93 | 过热 | |
| 95 | [解锁榜单] | 32.1% | 1276.00% | 86.88 | 低价 | |
| 96 | [解锁榜单] | 18.9% | 2232.00% | 82.11 | 低估 | |
| 97 | [解锁榜单] | 50.5% | 1517.00% | 80.66 | 低估 | |
| 98 | [解锁榜单] | 20.9% | 1447.00% | 78.14 | 中等 | |
| 99 | [解锁榜单] | 38.5% | 1546.00% | 83.53 | 低估 | |
| 100 | [解锁榜单] | 145.9% | 1422.00% | 86.9 | 低价 |