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Find Great Small Cap Value Stocks with this New Screening Feature

MagicDiligence has always been dedicated to finding which stocks are the best buys on Joel Greenblatt's Magic FormulaŽ Investing (MFI) screens.

But did you know that we also have our own stock screener that mimics the MFI screening strategy?

About the MagicDiligence Screener

The MagicDiligence Screener is fundamentally very similar to the "official" MFI tool.

You can enter a minimum market capitalization, select a number of stocks to show, and click "Go". That's it!

So why have our own screener?

It provides several advantages over the "official" site's implementation:

1) Instead of just an unordered list of stocks, our screener actually ranks the stocks from highest to lowest.

2) Our screen provides actual, sortable earnings yield and return on capital figures, and users can also use the Single Stock Stats Calculator to cross-check our calculations and data.

3) Our screen provides current ratio as a quick check of financial health.

4) Our screen will show you up to 500 stocks, far more than the maximum of 50 that the official site allows.

5) If Mr. Greenblatt ever decides to take down the official site, we've got it covered!

New Features Just Added!

Recently, I have added 2 NEW features to the screener!

The first is the ability to specify a maximum market cap.

This allows you to create some interesting, focused screens. Looking for an attractive list of quality, reasonably priced small-cap stocks? Try a $200 million - $1 billion range. Micro caps? How about $50 million - $200 million? Many investors consider the "sweet spot" for attractive investments to be the mid-cap, $750 million - $2 billion range - why not try that out as well?.

The second is the ability to use free cash flow yield instead of earnings yield to find "cheap" companies.

Why is this important? Free cash flow is the lifeblood of a company. Without it, a company cannot re-invest cash for future growth, buy back its own undervalued shares, or pay - and raise - its quarterly or annual dividend to shareholders. Free cash flow is like oxygen or water to the business animal. And unlike earnings, which can be gamed using accounting tricks, cash flow is much more difficult to misrepresent to investors.

Both of these exciting new features now allow you to find even more attractive stock opportunities using the MagicDiligence screener!

For Everyone

The screener tool is available to MagicDiligence Members, but we also run 3 "canned" screens using the tool every day that you can find here.

Give it a try and be sure to let me know of any suggestions or additions you'd like to see in the future!

Joel Greenblatt and are not associated in any way with this website. Neither Mr. Greenblatt or endorse this website's investment opinions, strategy, or products. Investment recommendations on this website are not chosen by Mr. Greenblatt, nor are they based on Mr. Greenblatt's proprietary investment model, and are not chosen by Magic Formula® is a registered trademark of, which has no connection to this website. The information on this website is for informational purposes only and solely represents the views and opinions of the author. No warranty is provided or implied as to the accuracy, completeness, or timeliness of this information. This information may not be construed as investment advice of any kind, nor can it be relied upon as the basis for stock trades. DON'T RELY SOLELY ON THIS WEBSITE'S INFORMATION OR STATISTICS! Please do your own research before buying. Alexander Online Properties LLC, the proprietor of this website, is not responsible in any way for losses or damages resulting from the use of this information. Alexander Online Properties LLC is not a registered investment advisor. All logos are trademarked properties of their respective companies.

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