Japan2021–22 annual reports → 3 years
+26%vs the market (median, top fifth)
VALUE × QUALITY × EVIDENCE
Cheap for what it earns, and getting better.
Japanese and US stocks that are cheap relative to their operating profit, limited to companies whose finances are improving (Piotroski F-score 7+). Of the methods we tested, including Greenblatt’s magic formula, it was the only one that beat the market in all four past tests. For each candidate, AI reads the latest annual report and drafts why the market may be pricing it low, what could change that, and how buyers could still lose.
Did it work in the past?
Companies ranked on past results alone and followed for about two to three years, dividends included.
Japan2023–24 annual reports → 23 months
+3%vs the market (median, top fifth)
USFY2021 results → 3 years from Apr 2022
+10%vs the market (median, top fifth)
USFY2023 results → 29 months from Apr 2024
+6%vs the market (median, top fifth)
Top 10: Japan
| # | Company | EV/EBIT | F-score | Return on capital | PER | PBR | Warnings | Why it may be cheap (AI) |
|---|---|---|---|---|---|---|---|---|
| 1 | Chiyoda Corporation6366 | 0.6x | 7/8 | 500%+ | 2.0x | 1.49x | Possible one-off profit | Market discounts this Mitsubishi-controlled contractor over its no-dividend preferred redemption and history of volatile, project-driven earnings. |
| 2 | PARKER CORPORATION9845 | 1.8x | 9/9 | 24% | 7.3x | 0.63x | — | Parent firm and founding families hold over 30%, and heavy reliance on autos keeps the market wary despite record profits. |
| 3 | Mars Group Holdings Corporation6419 | 1.9x | 7/9 | 32% | 8.3x | 0.64x | Shrinking | Pending |
| 4 | SHINNIHON CORPORATION1879 | 2.0x | 9/9 | 56% | 8.8x | 1.00x | — | Profits hinge on Tokyo condo prices, and rate-hike fears plus founder-family ownership keep the stock's valuation subdued. |
| 5 | Fujii Sangyo Corporation9906 | 2.3x | 8/9 | 32% | 7.5x | 0.82x | — | A founder-family, supplier, and regional-bank held wholesaler seen as static, so the market mostly ignores its shares. |
| 6 | Gamecard Holdings,Inc.(旧英訳名 Gamecard-Joyco Holdings,Inc.)(注)2025年6月19日開催の定時株主総会の決議により、2025年10月1日か ら会社名及び英訳名を上記の通り変更いたしました。6249 | 2.7x | 7/9 | 48% | 12.4x | 0.67x | Shrinking | Shrinking pachinko-hall market plus cross-held stakes by rival machine makers leave the market unwilling to re-rate the stock. |
| 7 | PIA CORPORATION4337 | 2.7x | 8/9 | 39% | 11.8x | 3.64x | Heavy debt | The market discounts the fading Expo-driven profit surge and a cautious dividend policy resumed only after six dividend-free years. |
| 8 | Shinwa Co., Ltd.7607 | 2.7x | 7/9 | 38% | 12.5x | 0.95x | — | Seen as a Toyota-dependent supplier with a stable, cross-held shareholder base that keeps the stock inert. |
| 9 | ASAHI BROADCASTING GROUP HOLDINGS CORPORATION9405 | 3.1x | 9/9 | 12% | 8.1x | 0.43x | — | Loyal holders like Asahi Shimbun and TV Asahi, plus broadcast-law ownership limits, shield this ad-dependent broadcaster from market pressure to unlock value. |
| 10 | TAISEI ONCHO CO., LTD.1904 | 3.2x | 7/9 | 59% | 9.0x | 1.03x | — | Seen as a low-margin subcontractor to major builders whose cash pile sits with insider shareholders instead of being returned, the market largely ignores it. |
Top 10: US
| # | Company | EV/EBIT | F-score | Return on capital | PER | PBR | Warnings | Why it may be cheap (AI) |
|---|---|---|---|---|---|---|---|---|
| 1 | Par Pacific Holdings, Inc.PARR · NYSE | 3.9x | 6/7 | 61% | 4.6x | 1.97x | Possible one-off profit | Refining margins swing wildly and profits were lifted by a one-off regulatory gain, so the market doubts current earnings will repeat. |
| 2 | Comcast CorpCMCSA · Nasdaq | 4.3x | 6/7 | 28% | 6.9x | 0.86x | — | Investors treat Comcast as a legacy broadband and pay-TV firm whose core subscriber base keeps shrinking despite wireless growth. |
| 3 | Gap IncGAP · NYSE | 4.4x | 7/9 | 54% | 6.5x | 2.04x | — | Low entry barriers, tariff costs, and an unfinished turnaround in apparel retail keep investors wary despite strong headline profits. |
| 4 | Academy Sports & Outdoors, Inc.ASO · Nasdaq | 5.4x | 8/9 | 49% | 7.6x | 1.37x | Shrinking | Market doubts earnings durability given Academy's Southern US concentration and tariff-driven consumer spending pressure, capping its valuation. |
| 5 | Stride, Inc.LRN · NYSE | 5.9x | 7/7 | 79% | 9.4x | 1.95x | Share dilution | Dependence on per-pupil government funding and lawsuits from charter-school opponents keep this for-profit online education firm under a market discount. |
| 6 | Macy's, Inc.M · NYSE | 6.2x | 7/8 | 20% | 8.0x | 1.22x | — | Macy's ongoing closure of unproductive stores keeps the market viewing it as a structurally declining department-store chain, not worth re-rating. |
| 7 | EXPAND ENERGY CorpEXE · Nasdaq | 6.5x | 7/8 | 15% | 7.1x | 1.02x | Possible one-off profitShare dilution | Volatile natural gas prices and a still-digesting merger keep the market cautious on this producer. |
| 8 | Cognizant Technology Solutions CorpCTSH · Nasdaq | 7.3x | 7/8 | 88% | 11.5x | 1.70x | — | Clients keep insourcing IT work via their own global capability centers, so the market doubts Cognizant can hold pricing power. |
| 9 | Signet Jewelers LtdSIG · NYSE | 7.4x | 6/7 | 46% | 11.2x | 2.16x | Shrinking | Unit sales keep falling even as gold-driven prices rise, and heavy reliance on consumer credit makes discretionary jewelry demand look fragile. |
| 10 | Universal Health Services IncUHS · NYSE | 7.4x | 7/8 | 25% | 6.9x | 1.39x | — | Heavy dependence on Medicare/Medicaid and a persistent regulatory-litigation overhang keep the market from rewarding UHS's solid earnings. |
This site ranks companies whose share price is low relative to their profits, using public filings and market prices, and has AI draft hypotheses on why they are cheap from those filings. The hypotheses are unverified. Nothing here is a price forecast or a recommendation to buy or sell. Not investment advice.
Updated 29 Sep 2026 12:31 JST