Lenovo Group (0992) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Lenovo Group HK$33.73, price HK$30.40, upside +11.0%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Lenovo Group
0992 · HKLow PriorityFair Value upside is limited and quality is weak.
The stock costs about what our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range HK$4.72 – HK$37.58 · fair‑value band HK$25.29 – HK$42.16 · the HK$30.40 price screens below the HK$33.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Company profile
Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments.
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The company offers commercial and consumer personal computers, servers and workstations, and smartphones, as well as laptops, desktops, tablets, monitors, and accessories and software. It also provides consulting, deployment, managed, support, and security services.
In addition, the company manufactures and distributes IT products, computers, computer hardware, and peripheral equipment; and offers IT, business planning, management, supply chain, finance and accounting, administration support, procurement agency, data management, intellectual property, and investment management services.
Further, it is involved in the retail and service business for consumer electronic products and related digital services; development, ownership, licensing, and sale of communications hardware and software; and develops software and applications.
It operates in China, the Asia Pacific, Europe, the Middle East, Africa, and the Americas. Lenovo Group Limited has a strategic alliance with Giralda Holding Conexion, S.L.U. to develop a joint end-to-end digital workplace offering that aims to challenge traditional IT outsourcing models.
The company was founded in 1984 and is headquartered in Quarry Bay, Hong Kong.
Stock analysis
Lenovo Group (0992) currently trades at HK$30.40, while our model-based Fair Value estimate is HK$33.73, implying the stock looks roughly 9.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$46.30 per share, and 14 of the 26 models we run sit above the HK$30.40 price.
Bear case: the Dividend Discount group reads lowest at HK$6.21, and 12 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$25.29 (bear) to HK$42.16 (bull), the price of HK$30.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lenovo Group reported revenue of $82.7B in FY2026 versus $71.6B in FY2022, a compound +3.7%/yr. Reported net income was $1.9B in FY2026, compounding −1.6%/yr from FY2022.
Key figures
Market cap HK$448B (≈ $57.1B) · P/E ratio 22.7 · P/S ratio 0.52 · EPS (TTM) HK$0.1600 · Dividend yield 0.2% · Net margin 2.3% · Return on equity 28.6% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 252% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at 11%, 0992 screens cheaper than that median.
Fair Value models
All 26 models by family
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
Watch 0992, get fair value alerts →
Recent news
- Lenovo Group (SEHK:992) Stock Fair Value Edges Higher After Analyst Target Changes
- Lenovo Uncovers What Happens When Entrepreneurs Look Beyond Borders for Support
- Lenovo Earns Multiple Leader Positions and Rising Star Designation in 2026 Future of Work Evaluations by Information Services Group
- All You Need to Know About Lenovo Group (LNVGY) Rating Upgrade to Strong Buy
Compare Lenovo Group with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Computer Hardware · 209 stocks
Valuation Multiplesvs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| HP Inc HPQ | $30.20 | $52.70 | +75% | vs 0992 |
| Sandisk Corporation SNDK | $1,582 | $2,239 | +42% | vs 0992 |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥33.24 | ¥46.76 | +41% | vs 0992 |
| Super Micro Computer, Inc SMCI | $42.77 | $45.03 | +5% | vs 0992 |
| Arista Networks, Inc ANET | $204.52 | $161.24 | −21% | vs 0992 |
| Quanta Computer Inc 2382 | 322.00 TWD | 213.20 TWD | −34% | vs 0992 |
| Western Digital Corporation WDC | $397.28 | $182.63 | −54% | vs 0992 |
| Dell Technologies Inc DELL | $576.76 | $195.72 | −66% | vs 0992 |
| Everpure, Inc P | $154.49 | $51.34 | −67% | vs 0992 |
| Seagate Technology Holdings STX | $747.20 | $220.46 | −70% | vs 0992 |
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Key figures of Lenovo Group
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