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 | 198.7% |
| 2 | VNT.AU | Ventia Services Group Ltd | 96.0% |
| 3 | SHA.AU | Shape Australia Corporation Ltd | 93.0% |
| 4 | FML.AU | Focus Minerals Ltd | 85.3% |
| 5 | NWL.AU | Netwealth Group Ltd | 85.0% |
| 6 | EUR.AU | European Lithium Ltd | 80.4% |
| 7 | KCN.AU | Kingsgate Consolidated Ltd | 78.5% |
| 8 | OBM.AU | Ora Banda Mining Ltd | 74.9% |
| 9 | VGN.AU | Virgin Australia Holdings Ltd | 72.7% |
| 10 | NMG.AU | New Murchison Gold Ltd | 68.4% |
| 11 | SIQ.AU | Smartgroup Corporation Ltd | 57.8% |
| 12 | AR1.AU | Austral Resources Australia Ltd | 57.1% |
| 13 | HLI.AU | Helia Group Ltd | 53.7% |
| 14 | GGP.AU | Greatland Resources Limited | 51.7% |
| 15 | ING.AU | Inghams Group Ltd | 49.4% |
| 16 | JYC.AU | Joyce Corporation Ltd | 48.7% |
| 17 | L1G.AU | L1 Group Limited | 48.2% |
| 18 | PMV.AU | Premier Investments Ltd | 47.8% |
| 19 | SRV.AU | Servcorp Ltd | 46.6% |
| 20 | MLX.AU | Metals X Ltd | 46.5% |
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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.