Magic Formula Investing (MFI) is a popular investment strategy that was introduced by Joel Greenblatt in his book “The Little Book That Beats the Market”.
The MFI strategy is based on a simple formula that aims to identify quality companies at bargain prices.
This scanner generates a list of companies that meet the criteria.
Scanner Rules:
- Market Capitalization >100
- Earnings yield > 15
- Return on invested capital > 20
- Average return on capital employed 5Years >25