What are the best Greenblatt Magic Formula Stocks stocks in South Africa?

High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns. This page ranks South Africa stocks meeting the Greenblatt Magic Formula Stocks criteria by ROIC, drawn from ShareValue.ai's coverage of 52,000+ globally-listed equities.

How many Greenblatt Magic Formula Stocks stocks does ShareValue.ai find in South Africa?

The leaderboard on this page shows the top 20 South Africa stocks meeting the Greenblatt Magic Formula Stocks criteria, ranked by ROIC. Use the screener (with both the Greenblatt Magic Formula Stocks preset and South Africa filter applied) for the full ranked list.

What is the top Greenblatt Magic Formula Stocks stock in South Africa right now?

As of the most recent scoring run, Coronation Fund Managers Ltd (CML.JSE) ranks first among South Africa stocks meeting the Greenblatt Magic Formula Stocks criteria with a composite score of 62.8 out of 100. Rankings refresh every weekday night.

What criteria does the Greenblatt Magic Formula Stocks screen use?

High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns. Every stock also receives four underlying pillar scores (Valuation, Quality, Growth, Health) on a 0-100 scale; detailed pillar weights are documented on the /methodology page. The same Greenblatt Magic Formula Stocks criteria apply across every country ShareValue.ai covers, so this South Africa list is directly comparable to the same preset applied elsewhere.

How often does this South Africa list update?

Every weekday night, after the scoring pipeline completes around 03:30 ET. The dateModified stamp on this page reflects the actual last-refresh time so you can verify freshness. Markets-closed weekends and holidays show the most recent weekday's rankings.

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 Aug 12, 2026 (updated daily)

Top 20 South Africa stocks by ROIC

#	Ticker	Name	Sector	ROIC	P/E
1	CML.JSE	Coronation Fund Managers Ltd	Financial Services	137.0%	8.7
2	CLS.JSE	Clicks	Healthcare	104.0%	15.5
3	AVI.JSE	Avi Ltd	Consumer Defensive	89.1%	11.9
4	OUT.JSE	OUTSURANCE GROUP LTD	Financial Services	67.6%	25.2
5	TBS.JSE	Tiger Brands Ltd	Consumer Defensive	63.6%	13.0
6	NPK.JSE	Nampak	Consumer Cyclical	61.6%	3.2
7	SUR.JSE	Spurcorp	Consumer Cyclical	61.4%	11.8
8	TRU.JSE	Truworths International Ltd	Consumer Cyclical	60.1%	7.2
9	IOC.JSE	iOCO Limited	Technology	52.0%	8.7
10	HAR.JSE	Harmony Gold Mining Co. Ltd.	Basic Materials	50.1%	10.2
11	FBR.JSE	Famous Brands Ltd	Consumer Defensive	49.5%	8.8
12	SUI.JSE	Sun International Ltd	Consumer Cyclical	48.4%	8.1
13	CMH.JSE	Combined Motor Holdings Limited	Consumer Cyclical	47.1%	7.4
14	DRD.JSE	DRDGOLD Limited	Basic Materials	45.6%	13.2
15	GFI.JSE	Gold Fields Ltd	Basic Materials	45.0%	10.3
16	NY1.JSE	Ninety One Ltd	Financial Services	43.4%	12.4
17	CHP.JSE	Choppies Enterprises Ltd	Consumer Defensive	41.6%	14.3
18	WBO.JSE	Wilson Bayly Holmes Ovcon Ltd	Industrials	41.1%	6.9
19	FSR.JSE	Firstrand Ltd	Financial Services	39.3%	12.8
20	JSE.JSE	JSE Limited	Financial Services	39.3%	11.8

Customise the Greenblatt Magic Formula Stocks + South Africa screen

The full screener applies both filters and lets you stack 30+ more on top: market cap, country, dividend yield, and the four pillar scores.

Open in screener →

Greenblatt Magic Formula Stocks in other countries

Browse the hub pages

Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by ROIC within South Africa; use the screener for the full ranked list.