Best Greenblatt Magic Formula Stocks in South Africa for 2026
High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns.
South Africa listings on the Johannesburg Stock Exchange (JSE) span mining, banking, and consumer staples with a deep dual-listed bench. IFRS reporting in ZAR; composite scoring captures the dispersion between the rand-hedge mega-caps and the domestic-focused tail.
Data as of (updated daily)
Top 20 South Africa stocks by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | CML.JSE | Coronation Fund Managers Ltd | 59.6 |
| 2 | CLS.JSE | Clicks | 52.7 |
| 3 | ISA.JSE | ISA Holdings Ltd | 67.2 |
| 4 | AVI.JSE | Avi Ltd | 54.4 |
| 5 | NY1.JSE | Ninety One Ltd | 53.8 |
| 6 | LAB.JSE | Labat Africa Ltd | 65.9 |
| 7 | OUT.JSE | OUTSURANCE GROUP LTD | 44.1 |
| 8 | NPK.JSE | Nampak | 57.2 |
| 9 | SUR.JSE | Spurcorp | 65.8 |
| 10 | TRU.JSE | Truworths International Ltd | 59.0 |
| 11 | MTU.JSE | Mantengu Mining Ltd. | 60.7 |
| 12 | KST.JSE | PSG Konsult Ltd | 47.2 |
| 13 | MRP.JSE | Mr Price Group Ltd | 58.3 |
| 14 | APH.JSE | Alphamin Resources Corp. | 71.8 |
| 15 | IOC.JSE | iOCO Limited | 49.4 |
| 16 | PBT.JSE | PBT Holdings Limited | 56.1 |
| 17 | HAR.JSE | Harmony Gold Mining Co. Ltd. | 67.4 |
| 18 | FBR.JSE | Famous Brands Ltd | 55.6 |
| 19 | SUI.JSE | Sun International Ltd | 56.5 |
| 20 | CMH.JSE | Combined Motor Holdings Limited | 60.0 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within South Africa; use the screener for the full ranked list.