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Lenovo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lenovo and similar public comparables like HP, HANMI Semiconductor, TD Synnex, HGTECH and more.
Lenovo Overview
About Lenovo
Lenovo is a global technology hardware company with a leading market share in personal computers. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 13% of overall sales in fiscal 2024, from 6% in 2015.
Founded
1993
HQ

Employees
72.0K
Website
Financials (LTM)
EV
$18B
Lenovo Financials
Lenovo reported last 12-month revenue of $81B and EBITDA of $4B.
In the same LTM period, Lenovo generated $13B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
Lenovo P&L
In the most recent fiscal year, Lenovo reported revenue of $69B and EBITDA of $4B.
Lenovo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $81B | XXX | $69B | XXX | XXX | XXX |
| Gross Profit | $13B | XXX | $11B | XXX | XXX | XXX |
| Gross Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $640M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lenovo Stock Performance
Lenovo has current market cap of $18B, and enterprise value of $18B.
Market Cap Evolution
Lenovo's stock price is $1.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $18B | 0.0% | XXX | XXX | XXX | $0.11 |
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Start Free TrialLenovo Valuation Multiples
Lenovo trades at 0.2x EV/Revenue multiple, and 4.3x EV/EBITDA.
EV / Revenue (LTM)
Lenovo Financial Valuation Multiples
As of April 19, 2026, Lenovo has market cap of $18B and EV of $18B.
Equity research analysts estimate Lenovo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lenovo has a P/E ratio of 10.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 6.1x | XXX | 8.0x | XXX | XXX | XXX |
| EV/Gross Profit | 1.4x | XXX | 1.6x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | 12.9x | XXX | XXX | XXX |
| EV/FCF | 14.6x | XXX | 26.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lenovo Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Lenovo Margins & Growth Rates
Lenovo's revenue in the last 12 month grew by 9%.
Lenovo's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.1M for the same period.
Lenovo's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lenovo's rule of X is 31% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Lenovo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lenovo Public Comps
See public comps and valuation multiples for other Computer Hardware and Consumer Electronics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Lenovo | XXX | XXX | XXX | XXX | XXX | XXX |
| HP | XXX | XXX | XXX | XXX | XXX | XXX |
| HANMI Semiconductor | XXX | XXX | XXX | XXX | XXX | XXX |
| TD Synnex | XXX | XXX | XXX | XXX | XXX | XXX |
| HGTECH | XXX | XXX | XXX | XXX | XXX | XXX |
| Supermicro | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lenovo M&A Activity
Lenovo acquired XXX companies to date.
Last acquisition by Lenovo was on XXXXXXXX, XXXXX. Lenovo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lenovo
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialLenovo Investment Activity
Lenovo invested in XXX companies to date.
Lenovo made its latest investment on XXXXXXXX, XXXXX. Lenovo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lenovo
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Lenovo
| When was Lenovo founded? | Lenovo was founded in 1993. |
| Where is Lenovo headquartered? | Lenovo is headquartered in China. |
| How many employees does Lenovo have? | As of today, Lenovo has over 72K employees. |
| Who is the CEO of Lenovo? | Lenovo's CEO is Yuanqing Yang. |
| Is Lenovo publicly listed? | Yes, Lenovo is a public company listed on HKEX. |
| What is the stock symbol of Lenovo? | Lenovo trades under 00992 ticker. |
| When did Lenovo go public? | Lenovo went public in 1994. |
| Who are competitors of Lenovo? | Lenovo main competitors are HP, HANMI Semiconductor, TD Synnex, HGTECH. |
| What is the current market cap of Lenovo? | Lenovo's current market cap is $18B. |
| What is the current revenue of Lenovo? | Lenovo's last 12 months revenue is $81B. |
| What is the current revenue growth of Lenovo? | Lenovo revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Lenovo? | Current revenue multiple of Lenovo is 0.2x. |
| Is Lenovo profitable? | Yes, Lenovo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lenovo? | Lenovo's last 12 months EBITDA is $4B. |
| What is Lenovo's EBITDA margin? | Lenovo's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Lenovo? | Current EBITDA multiple of Lenovo is 4.3x. |
| What is the current FCF of Lenovo? | Lenovo's last 12 months FCF is $1B. |
| What is Lenovo's FCF margin? | Lenovo's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Lenovo? | Current FCF multiple of Lenovo is 14.6x. |
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