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 ROIC
| # | Ticker | Name | ROIC |
|---|---|---|---|
| 1 | BVC.US | BitVentures Limited | 1910.9% |
| 2 | 9911.HK | Newborn Town Inc | 281.1% |
| 3 | RDZN.US | Roadzen Inc. | 140.9% |
| 4 | NWL.AU | Netwealth Group Ltd | 85.0% |
| 5 | TXT.WAR | Text S.A. | 82.7% |
| 6 | CER.LSE | Cerillion PLC | 45.5% |
| 7 | 0536.HK | Tradelink Electronic Commerce Ltd | 44.8% |
| 8 | DUOT.US | Duos Technologies Group Inc | 44.1% |
| 9 | ADBE.BA | Adobe Inc. | 44.1% |
| 10 | ADBE.MX | Adobe Inc. | 44.1% |
| 11 | IRE.AU | Iress Ltd | 42.9% |
| 12 | YB.US | Yuanbao Inc. American Depositary Shares | 37.3% |
| 13 | 1450.HK | Century Sage Scientific | 30.6% |
| 14 | TRB.LSE | Tribal Group plc | 28.9% |
| 15 | 7618.HK | JINGDONG Industrials, Inc. | 28.9% |
| 16 | HKD.US | AMTD Digital Inc. | 28.3% |
| 17 | VU.PA | VusionGroup | 27.9% |
| 18 | ONE.TA | One Software Technologies Ltd | 25.1% |
| 19 | DOTD.LSE | Dotdigital Group Plc | 21.6% |
| 20 | TANLA.NSE | Tanla Platforms Limited | 21.1% |
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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 the Software - Application industry; use the screener for the full ranked list.