Joel Greenblatt 的神奇公式(Magic Formula)是一個價值投資的選股策略。
這個策略的目標是：找到價格便宜的優質公司。
在 The Little Book that Beats the Market 一書中，Joel Greenblatt 提到，神奇公式在1988年至2009年的20年間，其年化回報率高達23.8%，大幅跑贏標普500指數僅9.6%的同期回報，表現無疑相當驚人。
神奇公式通過兩個簡單的核心指標，資本報酬率(ROIC)和盈余殖利率(Earning Yield)，來尋找「質優」和「價廉」的股票。
具體而言，資本報酬率(ROIC)是用來判斷管理層運用公司資產經營能力的高低；當然，買入經營能力好的公司，投資回報自然較高。
而盈余殖利率(Earning Yield)則是用來分析股票的估值；當股票被嚴重低估時，盈余殖利率就會飆升，投資者在這時候買入股票的潛在回報就會相對較高。
財報說自動計算出上市公司的資本報酬率(ROIC)和盈余殖利率(Earning Yield)，并進行綜合排名。
該榜單還加入財報說 CBS 評分和體質燈號機制，供您綜合參考。
溫馨提示：
神奇公式有其局限性，投資者應綜合多年財報數據、股價趨勢等因素進一步分析考量。
建議結合股價斜率榜、CBS 財報打分榜共同使用。
免責聲明：
本榜單僅供公司分析使用，不構成投資建議或推薦；過往業績不代表未來表現，股市有風險，投資需謹慎。
共 1371 間公司，其中 A 股 267 間公司
| 序號 | 公司 | 資本報酬率（ROIC） | 盈余殖利率 | CBS | 燈號 |
|---|---|---|---|---|---|
| 1 | [解鎖榜單] | 60.6% | 10.53% | 98.3 | 低估 |
| 2 | [解鎖榜單] | 27.0% | 4.25% | 96.43 | 中等 |
| 3 | [解鎖榜單] | 23.5% | 8.45% | 96.37 | 低價 |
| 4 | [解鎖榜單] | 31.2% | 4.00% | 95.85 | 低估 |
| 5 | [解鎖榜單] | 31.5% | 8.99% | 94.87 | 低估 |
開通「專業版會員」，暢享所有付費榜單以及全部功能
立即開通專業版會員| 序號 | 公司 | 資本報酬率（ROIC） | 盈余殖利率 | CBS 評分 | 燈號 | 自選 |
|---|---|---|---|---|---|---|
| 1 | [解鎖榜單] | 119.5% | 253613.00% | 95.05 | 低估 | |
| 2 | [解鎖榜單] | 72.1% | 24541.00% | 85.2 | 低估 | |
| 3 | [解鎖榜單] | 77.6% | 15131.00% | 95.24 | 低估 | |
| 4 | [解鎖榜單] | 93.4% | 76461.00% | 94.73 | 低估 | |
| 5 | [解鎖榜單] | 86.0% | 4118.00% | 89.42 | 低價 | |
| 6 | [解鎖榜單] | 66.3% | 5640.00% | 83.6 | 低估 | |
| 7 | [解鎖榜單] | 117.7% | 6300.00% | 86.41 | 低估 | |
| 8 | [解鎖榜單] | 138.4% | 3605.00% | 94.13 | 低估 | |
| 9 | [解鎖榜單] | 58.3% | 4713.00% | 91.01 | 低價 | |
| 10 | [解鎖榜單] | 81.5% | 3083.00% | 90.02 | 低估 | |
| 11 | [解鎖榜單] | 76.6% | 2737.00% | 87.82 | 低價 | |
| 12 | [解鎖榜單] | 57.0% | 2931.00% | 86.7 | 過熱 | |
| 13 | [解鎖榜單] | 52.9% | 3024.00% | 91.71 | 低價 | |
| 14 | [解鎖榜單] | 39.3% | 3678.00% | 72.81 | 低價 | |
| 15 | [解鎖榜單] | 33.6% | 3477.00% | 82.24 | 低價 | |
| 16 | [解鎖榜單] | 37.4% | 3109.00% | 79.53 | 低價 | |
| 17 | [解鎖榜單] | 116.9% | 2409.00% | 91.32 | 低價 | |
| 18 | [解鎖榜單] | 73.6% | 2467.00% | 91.56 | 低估 | |
| 19 | [解鎖榜單] | 50.0% | 2459.00% | 85.68 | 低估 | |
| 20 | [解鎖榜單] | 29.4% | 3526.00% | 82.63 | 低價 | |
| 21 | [解鎖榜單] | 23.4% | 4733.00% | 77.56 | 低價 | |
| 22 | [解鎖榜單] | 139.2% | 2171.00% | 90.84 | 低價 | |
| 23 | [解鎖榜單] | 28.8% | 3092.00% | 84.03 | 中等 | |
| 24 | [解鎖榜單] | 21.5% | 8830.00% | 71.44 | 中等 | |
| 25 | [解鎖榜單] | 26.4% | 3960.00% | 70.01 | 低價 | |
| 26 | [解鎖榜單] | 24.6% | 3917.00% | 82.29 | 低估 | |
| 27 | [解鎖榜單] | 29.1% | 3109.00% | 85.57 | 低估 | |
| 28 | [解鎖榜單] | 73.1% | 2067.00% | 86.93 | 低估 | |
| 29 | [解鎖榜單] | 26.4% | 2624.00% | 91.21 | 中等 | |
| 30 | [解鎖榜單] | 24.5% | 2608.00% | 76.19 | 中等 | |
| 31 | [解鎖榜單] | 26.9% | 2711.00% | 83.22 | 低價 | |
| 32 | [解鎖榜單] | 68.6% | 1977.00% | 79.63 | 低估 | |
| 33 | [解鎖榜單] | 43.0% | 2205.00% | 88.24 | 低估 | |
| 34 | [解鎖榜單] | 34.4% | 2263.00% | 82.46 | 中等 | |
| 35 | [解鎖榜單] | 56.2% | 2043.00% | 77.88 | 低估 | |
| 36 | [解鎖榜單] | 22.2% | 2633.00% | 72.41 | 中等 | |
| 37 | [解鎖榜單] | 29.1% | 2323.00% | 88.41 | 中等 | |
| 38 | [解鎖榜單] | 26.2% | 2464.00% | 83.42 | 低價 | |
| 39 | [解鎖榜單] | 23.6% | 2820.00% | 79.48 | 低估 | |
| 40 | [解鎖榜單] | 22.2% | 2720.00% | 80.56 | 低估 | |
| 41 | [解鎖榜單] | 41.4% | 2079.00% | 77.85 | 低估 | |
| 42 | [解鎖榜單] | 23.9% | 2687.00% | 78.05 | 中等 | |
| 43 | [解鎖榜單] | 44.3% | 2008.00% | 83.65 | 低估 | |
| 44 | [解鎖榜單] | 37.9% | 2101.00% | 75.39 | 中等 | |
| 45 | [解鎖榜單] | 60.5% | 2006.00% | 85.96 | 中等 | |
| 46 | [解鎖榜單] | 24.3% | 2440.00% | 86.02 | 低價 | |
| 47 | [解鎖榜單] | 84.1% | 1834.00% | 86.35 | 低價 | |
| 48 | [解鎖榜單] | 40.0% | 1993.00% | 85.08 | 低價 | |
| 49 | [解鎖榜單] | 17.3% | 4033.00% | 79.66 | 低估 | |
| 50 | [解鎖榜單] | 33.5% | 2078.00% | 85.32 | 中等 | |
| 51 | [解鎖榜單] | 22.7% | 2343.00% | 85.66 | 中等 | |
| 52 | [解鎖榜單] | 25.6% | 2217.00% | 73.02 | 低價 | |
| 53 | [解鎖榜單] | 53.7% | 1817.00% | 87.11 | 中等 | |
| 54 | [解鎖榜單] | 56.5% | 1870.00% | 88.28 | 低估 | |
| 55 | [解鎖榜單] | 38.6% | 1900.00% | 86.71 | 低估 | |
| 56 | [解鎖榜單] | 33.6% | 2004.00% | 83.1 | 中等 | |
| 57 | [解鎖榜單] | 22.4% | 2218.00% | 73.99 | 中等 | |
| 58 | [解鎖榜單] | 17.0% | 3205.00% | 74.16 | 低價 | |
| 59 | [解鎖榜單] | 21.2% | 2232.00% | 77.66 | 低價 | |
| 60 | [解鎖榜單] | 17.6% | 2682.00% | 72.62 | 中等 | |
| 61 | [解鎖榜單] | 24.2% | 2199.00% | 87.65 | 中等 | |
| 62 | [解鎖榜單] | 14.8% | 5140.00% | 70.0 | 中等 | |
| 63 | [解鎖榜單] | 29.3% | 1996.00% | 85.45 | 低價 | |
| 64 | [解鎖榜單] | 56.9% | 1768.00% | 92.27 | 低價 | |
| 65 | [解鎖榜單] | 23.8% | 2193.00% | 88.57 | 中等 | |
| 66 | [解鎖榜單] | 22.1% | 2226.00% | 76.92 | 低估 | |
| 67 | [解鎖榜單] | 14.6% | 7030.00% | 74.07 | 低價 | |
| 68 | [解鎖榜單] | 34.0% | 1914.00% | 81.53 | 過熱 | |
| 69 | [解鎖榜單] | 18.0% | 2471.00% | 84.59 | 低價 | |
| 70 | [解鎖榜單] | 27.9% | 1932.00% | 84.68 | 低價 | |
| 71 | [解鎖榜單] | 21.0% | 2124.00% | 71.91 | 低價 | |
| 72 | [解鎖榜單] | 41.5% | 1751.00% | 80.35 | 中等 | |
| 73 | [解鎖榜單] | 68.5% | 1656.00% | 92.09 | 低估 | |
| 74 | [解鎖榜單] | 22.9% | 2114.00% | 75.48 | 低價 | |
| 75 | [解鎖榜單] | 34.3% | 1827.00% | 82.21 | 低價 | |
| 76 | [解鎖榜單] | 12.5% | 8450.00% | 73.92 | 低價 | |
| 77 | [解鎖榜單] | 18.5% | 2373.00% | 78.38 | 低價 | |
| 78 | [解鎖榜單] | 26.6% | 2014.00% | 86.03 | 低估 | |
| 79 | [解鎖榜單] | 38.1% | 1764.00% | 87.49 | 低價 | |
| 80 | [解鎖榜單] | 23.8% | 2067.00% | 78.46 | 低估 | |
| 81 | [解鎖榜單] | 17.4% | 2221.00% | 70.01 | 中等 | |
| 82 | [解鎖榜單] | 50.5% | 1661.00% | 77.65 | 低估 | |
| 83 | [解鎖榜單] | 34.0% | 1754.00% | 76.89 | 低價 | |
| 84 | [解鎖榜單] | 18.0% | 2283.00% | 72.5 | 低價 | |
| 85 | [解鎖榜單] | 78.7% | 1555.00% | 92.19 | 低價 | |
| 86 | [解鎖榜單] | 24.8% | 1812.00% | 72.59 | 低價 | |
| 87 | [解鎖榜單] | 57.0% | 1615.00% | 81.47 | 低估 | |
| 88 | [解鎖榜單] | 53.6% | 1591.00% | 86.57 | 低價 | |
| 89 | [解鎖榜單] | 30.4% | 1697.00% | 79.94 | 過熱 | |
| 90 | [解鎖榜單] | 17.9% | 2062.00% | 76.79 | 中等 | |
| 91 | [解鎖榜單] | 27.7% | 1742.00% | 84.21 | 低估 | |
| 92 | [解鎖榜單] | 33.1% | 1663.00% | 85.19 | 低估 | |
| 93 | [解鎖榜單] | 56.7% | 1527.00% | 89.47 | 中等 | |
| 94 | [解鎖榜單] | 25.8% | 1802.00% | 73.0 | 低價 | |
| 95 | [解鎖榜單] | 15.4% | 2213.00% | 74.99 | 低價 | |
| 96 | [解鎖榜單] | 73.8% | 1494.00% | 85.85 | 低估 | |
| 97 | [解鎖榜單] | 27.6% | 1680.00% | 73.11 | 低價 | |
| 98 | [解鎖榜單] | 10.8% | 4526.00% | 74.14 | 低價 | |
| 99 | [解鎖榜單] | 32.7% | 1593.00% | 80.53 | 中等 | |
| 100 | [解鎖榜單] | 15.8% | 2131.00% | 76.6 | 低估 |