Magic Formula Stock Screen — US
Joel Greenblatt's Magic Formula ranks companies on two things at once: how much they earn on the capital they use, and how cheap they are on their earnings. This screen is a simplified version: a return on equity of at least 20% combined with a P/E of 15 or less, among profitable companies.
The rules of this screen
A stock listed in the US appears below only if it passes every rule:
- P/E (trailing 12 months) of 15 or less
- Return on equity (ROE) of at least 20%
- Net profit margin of at least 5%
Data comes from company filings and market prices, refreshed after every trading day. Stocks with a missing value for any rule are left out.
Magic Formula Stock Screen — US: top stocks by market cap
283 US stocks match this screen. Top 30 by market cap, data as of 13 Nov 2026.
| # | Company | Ticker | Sector | Mkt Cap | P/E | Div Yield | 1Y |
|---|---|---|---|---|---|---|---|
| 1 | Micron Technology, Inc. | MUNAS | Technology | €794.7B | 10.5 | 0.08% | +248.1% |
| 2 | QUALCOMM Incorporated | QCOMNAS | Technology | €166.5B | 13.6 | 2.08% | -1.6% |
| 3 | Novo Nordisk A/S | NVONYSE | Healthcare | €165.6B | 10.5 | 4.41% | -13.0% |
| 4 | Unilever PLC | ULNYSE | Consumer Defensive | €128.7B | 13.4 | 3.16% | -1.1% |
| 5 | The Progressive Corporation | PGRNYSE | Financial Services | €123.3B | 11.9 | 0.17% | +14.1% |
| 6 | Bristol-Myers Squibb Company | BMYNYSE | Healthcare | €117.0B | 14.1 | 4.04% | +37.2% |
| 7 | Sandisk Corporation | SNDKNAS | Technology | €113.6B | 7.1 | 0.00% | +212.6% |
| 8 | Petróleo Brasileiro S.A. - Petrobras | PBRNYSE | Energy | €106.7B | 4.3 | 7.82% | +43.2% |
| 9 | Newmont Corporation | NEMNYSE | Basic Materials | €106.1B | 13.1 | 0.87% | +28.8% |
| 10 | PDD Holdings Inc. | PDDNAS | Consumer Cyclical | €101.4B | 8.9 | 0.00% | -41.0% |
| 11 | Western Digital Corporation | WDCNAS | Technology | €99.9B | 10.4 | 0.22% | +114.3% |
| 12 | Petróleo Brasileiro S.A. - Petrobras | PBR-ANYSE | Energy | €99.0B | 3.8 | 8.83% | +34.7% |
| 13 | Canadian Natural Resources Limited | CNQNYSE | Energy | €91.4B | 10.2 | 3.67% | +56.4% |
| 14 | Adobe Inc. | ADBENAS | Technology | €85.4B | 13.6 | 0.00% | -31.2% |
| 15 | Comcast Corporation | CMCSANAS | Communication Services | €80.6B | 8.0 | 5.32% | -1.3% |
| 16 | Itaú Unibanco Holding S.A. | ITUBNYSE | Financial Services | €74.9B | 9.3 | 2.32% | +16.6% |
| 17 | América Móvil, S.A.B. de C.V. | AMXNYSE | Communication Services | €68.6B | 14.8 | 2.35% | +10.6% |
| 18 | Honeywell International Inc. | HONNAS | Industrials | €63.7B | 11.0 | 1.25% | +7.3% |
| 19 | The Allstate Corporation | ALLNYSE | Financial Services | €59.8B | 6.1 | 1.62% | +41.3% |
| 20 | Honeywell International Inc. | HONNYSE | Industrials | €57.1B | 7.9 | 1.35% | +0.7% |
| 21 | MPLX LP | MPLXNYSE | Energy | €52.3B | 13.4 | 8.54% | +16.1% |
| 22 | PayPal Holdings, Inc. | PYPLNAS | Financial Services | €44.4B | 11.3 | 0.96% | -14.0% |
| 23 | Ameriprise Financial, Inc. | AMPNYSE | Financial Services | €40.7B | 11.7 | 1.32% | +15.9% |
| 24 | AngloGold Ashanti plc | AUNYSE | Basic Materials | €39.4B | 11.2 | 5.16% | +6.1% |
| 25 | Carnival Corporation Ltd. | CCLNYSE | Consumer Cyclical | €35.5B | 12.9 | 1.95% | +9.9% |
| 26 | The Hartford Insurance Group, Inc. | HIGNYSE | Financial Services | €33.2B | 9.2 | 1.94% | +6.0% |
| 27 | United Airlines Holdings, Inc. | UALNAS | Industrials | €32.0B | 10.0 | 0.00% | +17.1% |
| 28 | Zoetis Inc. | ZTSNYSE | Healthcare | €30.7B | 14.3 | 2.56% | -29.8% |
| 29 | Vonage Holdings Corp. | VGNAS | Communication Services | €30.5B | 10.6 | 1.21% | +3.3% |
| 30 | Venture Global, Inc. | VGNYSE | Energy | €29.9B | 6.3 | 1.21% | +62.9% |
The same rules on every market the screener covers: the US, Canada, Europe, Australia and more. Free, no account needed.
Run this screen on all 18,000+ stocksHow to use this screen
Greenblatt's original uses return on tangible capital and earnings yield (EBIT / enterprise value) and excludes banks and utilities; ROE and P/E are proxies. He also recommends holding a basket of 20 to 30 names for a year, because single picks often disappoint.
This page lists the stocks that pass a set of rules. It is not a recommendation to buy or sell any of them, and past results of a strategy say nothing certain about future returns.