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It's the Magic Formula (EV/EBIT and ROIC) and it has not always performed well: https://seekingalpha.com/article/4116677-greenblatts-magic-wand-must-broken-yea
by acconrad 8y ago
It's the Magic Formula (EV/EBIT and ROIC) and it has not always performed well:
https://seekingalpha.com/article/4116677-greenblatts-magic-wand-must-broken-year-magic-formula-large-midcap-update-2017-ytd https://seekingalpha.com/article/4116677-greenblatts-magic-w...