Enhanced Magic Formulas Scores (The higher the better)
= ROIC * (E/P)
= ROIC ÷ (P/E)
Enhanced Magic Formulas Scores @ RM 0.81 @ P/E 15.28 @ FYE 2023 FR
= 32 (ROIC, by Fintel dot io) ÷ 15.28
= 2.09
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.