Top 20 Japanese stocks by Earnings yield (inverse PER) — as of 2026-09-03

We screened 621 Japanese stocks by Earnings yield (inverse PER) and publish the top 20. As of 2026-09-03, market median 7%. Formula and limitations included.

Universe: 621
Market median: 7%
Top decile cutoff: 12.8%

Rank	Stock	Earnings yield	12-1 momentum	60-day volatility
1	ＲＯＸＸ241A.T	43.1%	-64.4%	37.6%
2	南海化学4040.T	35.6%	10.9%	28.5%
3	加藤製作所6390.T	29.6%	4.9%	18.1%
4	品川リフラ5351.T	27.7%	28.5%	18.9%
5	コナカ7494.T	25%	0.6%	11.1%
6	アドヴァングループ7463.T	24.8%	29.1%	17%
7	高見澤5283.T	22.7%	-2.8%	17.7%
8	ハウスフリーダム8996.T	21.8%	31.9%	18.7%
9	ＯＵＧホールディングス8041.T	21.7%	30.6%	16.9%
10	日本製麻3306.T	21.7%	16.7%	52.8%
11	大井電気6822.T	20.9%	62%	35.5%
12	石塚硝子5204.T	20.8%	20.5%	22.6%
13	久世2708.T	20.1%	22.7%	15.8%
14	トーア紡コーポレーション3204.T	19.2%	28.4%	17.6%
15	プロパスト3236.T	19.2%	33%	31.5%
16	ダイニック3551.T	18.6%	66.5%	41.8%
17	ソレキア9867.T	18.3%	57.7%	18.5%
18	ロードスターキャピタル3482.T	17.8%	-0.9%	46.1%
19	丸大食品2288.T	17.8%	32.4%	19.2%
20	クロスプラス3320.T	17.8%	14%	17.7%

As of 2026-09-03

What this metric measures

Earnings yield is earnings per share divided by price, the inverse of the price-to-earnings ratio. A PER of 10 is the same as a 10% earnings yield. Inverting removes the infinity problem PER has with loss-making companies, which simply sort negative, and makes the number directly comparable to bond yields.

How we calculate it

Trailing twelve-month earnings per share divided by the current price, sorted descending. The top of this list is therefore the lowest-PER stocks.

Limitations of this list

A high earnings yield has two possible causes: the market is wrong, or the market knows earnings are about to fall. Cyclical companies look cheapest exactly when earnings peak.

Earnings yield (inverse PER) →

Frequently asked questions

Should I look at earnings yield or PER?

They are inverses of the same information. Earnings yield sorts loss-making companies naturally into negative territory and compares directly to bond yields, which makes it more convenient for ranking.

Does a low PER mean the stock is cheap?

Not necessarily. Companies with declining earnings, structural decline, or governance discounts trade at persistently low multiples. This is known as a value trap.

How are loss-making companies handled here?

Their earnings yield is negative, so they sort to the bottom automatically. Only profitable companies trading at low prices appear in the top 20.

Other screens

Japanese · F-Score Japanese · ROIC Japanese · FCF yield Japanese · Gross profitability Japanese · Z-Score Japanese · Accruals ratio Japanese · 12-1 momentum Japanese · 60-day volatility

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Top 20 Japanese stocks by Earnings yield (inverse PER) — as of 2026-09-03 — Market median 7%, Universe 621. Margin Call, https://margincall.online/screener/value-earnings-yield-jp

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This list is the output of a financial-metric calculation, not investment advice. No single metric supports a buy or sell decision, and past financial data does not guarantee future returns.

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