ABSTRACT Studying the basic biology of heavily fished marine species is essential to achieving conservation and sustainable exploitation. Yellow squat lobster (Cervimunida johni) is a demersal crustacean with a long fishing history in the Southeast Pacific. However, knowledge of its reproductive biology is still fragmented, and these traits have never been validated at the gonad level. In this context, we assessed the reproductive traits of this species for the first time based on gonadal development using data from a research survey conducted during 2018 off the Chilean coast. A total of 117 and 376 gonads were assessed based on histological and macroscopic analyses, respectively. The functional and effective criteria (a combination of functional and physiological maturity) were used to estimate the maturity ogives. Using a total of 113 females, fecundity (F) and relative fecundity (RF) at length were estimated using the autodiametric method. We determined that females of yellow squat lobster possess group-synchronous ovary development with indeterminate fecundity. Histological analysis revealed that 59% of non-ovigerous females had mature ovaries and were therefore misclassified as immature based on the functional criterion. Similarly, maturity ogives derived from the effective criterion were displaced to smaller sizes and varied significantly from those estimated using the functional criterion (P < 0.05). In addition, the effects of female size on F and RF were significant (P < 0.05). A warning on the use of functional criteria for assessing maturity status is issued, and the importance of adult females on the per capita contribution to population renewal in this crustacean species is discussed .