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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

China

Employees

72.0K

Website

lenovo.com

Financials (LTM)

Revenue: $81B
EBITDA: $4B

EV

$18B

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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

See Lenovo forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$81BXXX$69BXXXXXXXXX
Gross Profit$13BXXX$11BXXXXXXXXX
Gross Margin16%XXX16%XXXXXXXXX
EBITDA$4BXXX$4BXXXXXXXXX
EBITDA Margin5%XXX5%XXXXXXXXX
EBIT Margin4%XXX3%XXXXXXXXX
Net Profit$2BXXX$1BXXXXXXXXX
Net Margin2%XXX2%XXXXXXXXX
Net Debt——$640MXXXXXXXXX

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.

See Lenovo trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$18B$18B0.0%XXXXXXXXX$0.11

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Lenovo Valuation Multiples

Lenovo trades at 0.2x EV/Revenue multiple, and 4.3x EV/EBITDA.

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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.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$18BXXX$18BXXXXXXXXX
EV (current)$18BXXX$18BXXXXXXXXX
EV/Revenue0.2xXXX0.3xXXXXXXXXX
EV/EBITDA4.3xXXX4.8xXXXXXXXXX
EV/EBIT6.1xXXX8.0xXXXXXXXXX
EV/Gross Profit1.4xXXX1.6xXXXXXXXXX
P/E10.4xXXX12.9xXXXXXXXXX
EV/FCF14.6xXXX26.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Lenovo Valuation Multiples

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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).

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Lenovo Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth9%XXX16%XXXXXXXXX
EBITDA Margin5%XXX5%XXXXXXXXX
EBITDA Growth4%XXX12%XXXXXXXXX
Rule of 40—XXX15%XXXXXXXXX
Bessemer Rule of X—XXX31%XXXXXXXXX
Revenue per Employee—XXX$1.0MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue5%XXX5%XXXXXXXXX
G&A Expenses to Revenue4%XXX4%XXXXXXXXX
R&D Expenses to Revenue3%XXX3%XXXXXXXXX
Opex to Revenue—XXX13%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Lenovo Public Comps

See public comps and valuation multiples for other Computer Hardware and Consumer Electronics comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
LenovoXXXXXXXXXXXXXXXXXX
HPXXXXXXXXXXXXXXXXXX
HANMI SemiconductorXXXXXXXXXXXXXXXXXX
TD SynnexXXXXXXXXXXXXXXXXXX
HGTECHXXXXXXXXXXXXXXXXXX
SupermicroXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Lenovo

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Lenovo 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).

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Latest Investments by Lenovo

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
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About 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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