Japan stock screening presets that reproduce well-known methodologies — Graham, Piotroski, Kiyohara and more — with sources cited. Free, no login, runnable as-is.
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Low-PBR stocks are a mixed bag (genuinely cheap, or dying). (Source: Reproduces criteria from Piotroski (2000), "Value Investing")
PBR below 1x, combined with low ROE and a cash-rich balance sheet: exactly the profile the Tokyo Stock Exchange is pressuring to improve capital efficiency. (Source: Reproduces the target criteria implied by the Tokyo Stock Exchange's request on "management conscious of cost of capital and stock price" (2023))
PER under 15x, PBR under 1.5x, equity ratio 50%+, and no losses in the last 5 years. (Source: Reproduces the criteria from Benjamin Graham, The Intelligent Investor (1949))
The biggest trap in net-cash-style screening is picking up stocks that are cheap for a reason (i.e. dying). Layering an Altman Z-Score of 3. (Source: Reproduces the metrics from Altman (1968) bankruptcy prediction model)
The core metric from "My Investment Method" (2024), an unusual bestseller for an investing book in Japan. (Source: Reproduces the metric from Tatsuo Kiyohara, My Investment Method (2024))
Net cash exceeds market cap (ratio of 1.0+) — in theory you'd get change back after buying the whole company. (Source: Built around this tool's core design (net cash ratio))
Stocks where NCAV (current assets minus total liabilities) exceeds market cap — cheap even after valuing all fixed assets at zero. (Source: Reproduces the NCAV criterion from Benjamin Graham, Security Analysis (1934))
Consecutive dividend increases are a popular angle, but some companies keep hiking payouts they cannot afford, purely to protect the streak. (Source: Adapts the U.S. Dividend Aristocrats (25+ consecutive years) concept to the disclosure history available for Japanese stocks)
Names ranking near the top of Greenblatt's magic formula (the two-axis rank of high ROIC and high earnings yield), with an Altman Z-Score of 3. (Source: Reproduces Joel Greenblatt, The Little Book That Still Beats the Market (2005))
Lynch's bar of a PEG ratio at or below 1.0 — cheap relative to earnings growth — combined with 3-year revenue CAGR of 15%+. (Source: Reproduces the PEG criterion from Peter Lynch, One Up on Wall Street (1989))
Companies scoring high on the profitability metric Novy-Marx called "the other side of value" (gross profit / total assets) while still trading below 1x PBR. (Source: Combines the profitability metric from Novy-Marx (2013) with the accruals measure from Sloan (1996))
Built on the asset growth anomaly — companies that grow total assets more slowly tend to deliver higher future returns, the origin of the CMA factor in the Fama-French 5-factor model — with profitability layered on (gross profit / total assets of 0. (Source: Reproduces the asset growth anomaly from Cooper, Gulen & Schill (2008), Journal of Finance)