Best Greenblatt Magic Formula Stocks in Australia for 2026
High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns.
Australia listings on the ASX have a deep materials and financials tilt with a long-running dividend culture, so the dividend-yield preset and Health pillar tend to be where ASX stocks differentiate against global peers.
Data as of (updated daily)
Top 20 Australia stocks by ROIC
| # | Ticker | Name | ROIC |
|---|---|---|---|
| 1 | GQG.AU | GQG Partners Inc | 202.3% |
| 2 | MMI.AU | Metro Mining Ltd | 142.2% |
| 3 | EDU.AU | EDU Holdings Ltd | 131.6% |
| 4 | NWL.AU | Netwealth Group Ltd | 105.9% |
| 5 | EUR.AU | European Lithium Ltd | 80.4% |
| 6 | KCN.AU | Kingsgate Consolidated Ltd | 78.5% |
| 7 | OBM.AU | Ora Banda Mining Ltd | 76.8% |
| 8 | FML.AU | Focus Minerals Ltd | 74.8% |
| 9 | VGN.AU | Virgin Australia Holdings Ltd | 72.7% |
| 10 | NMG.AU | New Murchison Gold Ltd | 68.4% |
| 11 | OBL.AU | Omni Bridgeway Ltd | 51.4% |
| 12 | JBH.AU | JB Hi-Fi Ltd | 48.9% |
| 13 | PMV.AU | Premier Investments Ltd | 47.8% |
| 14 | FID.AU | Fiducian Group Ltd | 47.3% |
| 15 | JYC.AU | Joyce Corporation Ltd | 47.3% |
| 16 | HLI.AU | Helia Group Ltd | 46.8% |
| 17 | SRV.AU | Servcorp Ltd | 44.7% |
| 18 | L1G.AU | L1 Group Limited | 41.6% |
| 19 | SYL.AU | Symal Group Ltd | 41.0% |
| 20 | NCK.AU | Nick Scali Ltd | 39.2% |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by ROIC within Australia; use the screener for the full ranked list.