LNVGF (Lenovo Group) Cyclically Adjusted PS Ratio: 0.63 (As of Aug. 03, 2026) — 186% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LNVGF Lenovo Group Ltd LNVGF
70 GF Score
Price $3.01
GF Value $1.44
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Lenovo Group Cyclically Adjusted PS Ratio?

Lenovo Group LNVGF +4.88% 70 Cyclically Adjusted PS Ratio is 0.63 as of Aug. 03, 2026, which is 186% above its 10-year median of 0.22. GuruFocus rates LNVGF with a GF Score™ of 70/100 and a GF Value™ of $1.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,974 Hardware companies, Lenovo Group ranks better than 70.06% on this metric.

As of today (2026-08-03), Lenovo Group's current share price is $3.01. Lenovo Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $4.77. Lenovo Group's Cyclically Adjusted PS Ratio for today is 0.63.

The historical rank and industry rank for Lenovo Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

LNVGF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.22   Max: 0.63
Current: 0.61

During the past years, Lenovo Group's highest Cyclically Adjusted PS Ratio was 0.63. The lowest was 0.12. And the median was 0.22.

LNVGF's Cyclically Adjusted PS Ratio is ranked better than
70.06% of 1974 companies
in the Hardware industry
Industry Median: 1.34 vs LNVGF: 0.61

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lenovo Group's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.465. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $4.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lenovo Group  (OTCPK:LNVGF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Lenovo Group Cyclically Adjusted PS Ratio Related Terms


Lenovo Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lenovo Group's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lenovo Group Cyclically Adjusted PS Ratio Chart

Lenovo Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.23 0.24 0.28 0.23

Lenovo Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.25 0.30 0.24 0.23

LNVGF vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Lenovo Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lenovo Group Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lenovo Group's Cyclically Adjusted PS Ratio falls into.


LNVGF
70GF Score
Lenovo Group Ltd LNVGF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lenovo Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Lenovo Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.01/4.77
=0.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lenovo Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lenovo Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.465/121.4731*121.4731
=1.465

Current CPI (Mar. 2026) = 121.4731.

Lenovo Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.909 101.686 1.086
201609 1.017 102.565 1.204
201612 1.107 103.225 1.303
201703 0.874 103.335 1.027
201706 0.914 103.664 1.071
201709 1.067 103.994 1.246
201712 1.133 104.984 1.311
201803 0.898 105.973 1.029
201806 1.005 106.193 1.150
201809 1.114 106.852 1.266
201812 1.155 107.622 1.304
201903 0.950 108.172 1.067
201906 0.968 109.601 1.073
201909 1.043 110.260 1.149
201912 1.098 110.700 1.205
202003 0.833 110.920 0.912
202006 1.062 110.590 1.167
202009 1.130 107.512 1.277
202012 1.318 109.711 1.459
202103 1.110 111.579 1.208
202106 1.258 111.360 1.372
202109 1.361 109.051 1.516
202112 1.529 112.349 1.653
202203 1.307 113.558 1.398
202206 1.296 113.448 1.388
202209 1.304 113.778 1.392
202212 1.168 114.548 1.239
202303 1.001 115.427 1.053
202306 0.990 115.647 1.040
202309 1.103 116.087 1.154
202312 1.204 117.296 1.247
202403 1.065 117.735 1.099
202406 1.179 117.296 1.221
202409 1.357 118.615 1.390
202412 1.435 118.945 1.466
202503 1.250 119.384 1.272
202506 1.277 119.055 1.303
202509 1.376 119.934 1.394
202512 1.790 120.704 1.801
202603 1.465 121.473 1.465

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.63 mean?
Lenovo Group (LNVGF) has a Cyclically Adjusted PS Ratio of 0.63 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lenovo Group and its competitors. This is 186% above median its historical median of 0.22. Over the past decade, Lenovo Group's Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.63. According to the industry distribution chart, Lenovo Group ranks #591 out of 1974 companies in the Hardware industry, placing it in the top 29.9%.
Is Lenovo Group's Cyclically Adjusted PS Ratio too high?
Lenovo Group's current Cyclically Adjusted PS Ratio of 0.63 is 186% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.63. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. Lenovo Group's value of 0.63 is 53% below this industry median. Based on the distribution chart, Lenovo Group ranks #591 out of 1974 companies in the Hardware industry, which is above the industry midpoint. Overall, Lenovo Group has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lenovo Group's Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Lenovo Group ranks #591 out of 1974 companies for Cyclically Adjusted PS Ratio. This puts Lenovo Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Lenovo Group's value of 0.63 is 53% below this benchmark. Historically, Lenovo Group's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.63 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.34, Lenovo Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.34, based on 1,974 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lenovo Group's current Cyclically Adjusted PS Ratio of 0.63 is 53% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lenovo Group and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lenovo Group's current Cyclically Adjusted PS Ratio is 0.63, which is 186% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenovo Group stock overvalued right now?
Based on GuruFocus' analysis, Lenovo Group (LNVGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.44, compared to a current price of $3.01 — trading 109% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.63, which is 186% above median its 10-year median of 0.22 and 53% below the Hardware industry median of 1.34. Lenovo Group's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Lenovo Group (LNVGF), the current Cyclically Adjusted PS Ratio is 0.63 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lenovo Group (LNVGF) Overvalued in 2026?

Based on GuruFocus' analysis, Lenovo Group stock appears to be overvalued. The current stock price of $3.01 is trading 109% above its estimated GF Value™ of $1.44. GuruFocus considers Lenovo Group to be Significantly Overvalued.

Key valuation signals for LNVGF:

  • Cyclically Adjusted PS Ratio: 0.63 (186% above median its 10-year median of 0.22)
  • GF Value™: $1.44 vs. price of $3.01 (109% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 53% below the Hardware median (#591 of 1974)

No single metric tells the full story. See the LNVGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lenovo Group Business Description

Address 979 King\'s Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
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 23% of overall sales in fiscal 2025, from 6% in 2015.
70GF Score

Get the complete analysis for LNVGF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.01
Price
$1.44
GF Value