Top 50 Canada
Top 50 Methodology Canada
Canada market currently offers exceptional opportunities for "value" investors. Using the Magic Formula, we have identified the 50 companies combining a high Earnings Yield and a solid ROC.
Current analysis of the Canada market highlights a strong Top 5 (including BTO.TO, NVA.TO, OLA.TO, EDV.TO, TXG.TO) with an average Earnings Yield of 11.8% and an average ROC of 8343.2%. These figures confirm the presence of high-profitability stocks undervalued by the market.
Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.
In-depth Market Analysis: Canada
By examining fundamental data for the Canada market, it appears that Joel Greenblatt's strategy continues to isolate exceptional stocks like B2Gold Corp (BTO.TO) or NuVista Energy Ltd. (NVA.TO). The current ranking shows that Top 50 leaders display remarkable operational efficiency with an average return on capital of 8343.2%. The systematic approach applied here allows focusing on raw capital performance. Investors may note that companies such as Orla Mining Ltd (OLA.TO) and Endeavour Mining Corp (EDV.TO) are excellently positioned thanks to their cash-flow generation capacity relative to their enterprise value.
The methodology used to generate this ranking is based on decimal ranking of companies according to two criteria: earnings yield (to ensure not overpaying) and return on capital (to ensure company quality). For the Canada market, this identifies opportunities often ignored by traditional analysts.
This Top 50 ranking for the Canada market is generated by filtering companies with a market capitalization greater than 50 million dollars, excluding financial values and utilities in accordance with Greenblatt's original methodology.
Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.