Best Greenblatt Magic Formula Stocks in Software - Application for 2026
High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns.
Application Software includes vertical SaaS, horizontal productivity suites, and enterprise platforms. Composite scoring weights the Quality pillar heavily (gross margin, ROIC, free-cash-flow conversion) since the cohort is capital-light and subscription-driven. Valuation pillar uses EV/Sales and rule-of-40 alongside P/E for the still-investing names.
Data as of (updated daily)
Top 20 Software - Application stocks by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | BVC.US | BitVentures Limited | 56.0 |
| 2 | TXT.WAR | Text S.A. | 57.0 |
| 3 | HKD.US | AMTD Digital Inc. | 57.8 |
| 4 | NWL.AU | Netwealth Group Ltd | 62.0 |
| 5 | RMNI.US | Rimini Street Inc | 60.7 |
| 6 | 1INN.XETRA | innoscripta SE | 65.2 |
| 7 | 9911.HK | Newborn Town Inc | 77.4 |
| 8 | 6959.HK | Changjiu Holdings Ltd | 76.4 |
| 9 | ADB.XETRA | Adobe Inc | 66.5 |
| 10 | 1808.HK | Enterprise Development Holdings Ltd | 77.8 |
| 11 | 0536.HK | Tradelink Electronic Commerce Ltd | 59.5 |
| 12 | NETBAY.BK | Netbay Public Company Limited | 58.0 |
| 13 | ING.LSE | Ingenta plc | 67.8 |
| 14 | YB.US | Yuanbao Inc. American Depositary Shares | 69.6 |
| 15 | 0276.KLSE | Autocount Dotcom Berhad | 58.5 |
| 16 | SPSY.LSE | Spectra Systems Corp | 71.1 |
| 17 | SPSC.LSE | Spectra Systems Corporation | 68.5 |
| 18 | 1450.HK | Century Sage Scientific | 69.9 |
| 19 | P1YC34.SA | Paycom Software Inc. | 55.7 |
| 20 | PAYC.US | Paycom Software, Inc. | 61.5 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Software - Application industry; use the screener for the full ranked list.