Lenovo Group (0992) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Lenovo Group stock HK$33.70, price HK$19.41, upside +73.6%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Lenovo Group
0992 · HKThe stock costs 42% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range HK$4.72 – HK$37.58 · fair‑value band HK$25.27 – HK$42.12 · the HK$19.41 price screens below the HK$33.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 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$19.41, while our model-based Fair Value estimate is HK$33.70, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$43.20 per share, and 18 of the 24 models we run sit above the HK$19.41 price.
Bear case: the Dividend Discount group reads lowest at HK$5.52, and 6 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$25.27 (bear) to HK$42.12 (bull), the price of HK$19.41 sits below 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 45/100 (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$323B (≈ $41.2B) Large · P/E ratio 23.9 · P/S ratio 0.45 · EPS (TTM) HK$0.2100 · Dividend yield 2.2% · Net margin 0.9% · Return on equity 14.7% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 125% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −29% fair-value upside, at 74%, 0992 screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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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 · 213 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)
- Return on equity by industry
- Quality Score by industry
- Piotroski F-Score screener with fair value
- 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 |
|---|---|---|---|---|
| Sandisk Corporation SNDK | $806.43 | $2,256 | +180% | vs 0992 |
| HP Inc HPQ | $29.44 | $52.85 | +80% | vs 0992 |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.63 | ¥46.76 | +31% | vs 0992 |
| Arista Networks, Inc ANET | $159.16 | $160.94 | +1% | vs 0992 |
| Quanta Computer Inc 2382 | 300.00 TWD | 213.20 TWD | −29% | vs 0992 |
| Western Digital Corporation WDC | $267.63 | $175.91 | −34% | vs 0992 |
| Dell Technologies Inc DELL | $316.91 | $195.72 | −38% | vs 0992 |
| Everpure, Inc P | $93.44 | $57.04 | −39% | vs 0992 |
| Wiwynn Corporation 6669 | 1,650 TWD | 857.07 TWD | −48% | vs 0992 |
| Seagate Technology Holdings STX | $466.53 | $208.25 | −55% | vs 0992 |
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