Lenovo Group (HAM:LHL) E10: €0.08 (As of Mar. 2026)


HAM:LHL Lenovo Group Ltd HAM:LHL
77 GF Score
Price €2.39
GF Value €1.30
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Lenovo Group E10?

Lenovo Group HAM:LHL -8.95% 77 E10 is €0.08 as of Mar. 2026. GuruFocus rates HAM:LHL with a GF Score™ of 77/100 and a GF Value™ of €1.30 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Lenovo Group's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.033. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Lenovo Group's average E10 Growth Rate was 23.20% per year. During the past 3 years, the average E10 Growth Rate was 7.90% per year. During the past 5 years, the average E10 Growth Rate was 8.70% per year. During the past 10 years, the average E10 Growth Rate was 9.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Lenovo Group was 16.40% per year. The lowest was -7.60% per year. And the median was 7.90% per year.

As of today (2026-06-29), Lenovo Group's current stock price is €2.39. Lenovo Group's E10 for the quarter that ended in Mar. 2026 was €0.08. Lenovo Group's Shiller PE Ratio of today is 29.88.

During the past 13 years, the highest Shiller PE Ratio of Lenovo Group was 36.06. The lowest was 10.11. And the median was 16.06.


Lenovo Group  (HAM:LHL) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Lenovo Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.39/0.08
=29.88

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Lenovo Group was 36.06. The lowest was 10.11. And the median was 16.06.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Lenovo Group E10 Related Terms


Lenovo Group E10 Historical Data

* Premium members only.

The historical data trend for Lenovo Group's E10 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 E10 Chart

Lenovo Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.06 0.06 0.07 0.08

Lenovo Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.07 0.06 0.07 0.07 0.08

HAM:LHL vs SNDK, DELL, STX: E10 Comparison

For the Computer Hardware subindustry, Lenovo Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Hardware Industry

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

* The bar in red indicates where Lenovo Group's Shiller PE Ratio falls into.


HAM:LHL
77GF Score
Lenovo Group Ltd HAM:LHL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lenovo Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.033/121.4731*121.4731
=0.033

Current CPI (Mar. 2026) = 121.4731.

Lenovo Group Quarterly Data

per share eps CPI Adj_EPS
201606 0.014 101.686 0.017
201609 0.013 102.565 0.015
201612 0.009 103.225 0.011
201703 0.009 103.335 0.011
201706 -0.006 103.664 -0.007
201709 0.011 103.994 0.013
201712 -0.021 104.984 -0.024
201803 0.003 105.973 0.003
201806 0.006 106.193 0.007
201809 0.012 106.852 0.014
201812 0.017 107.622 0.019
201903 0.008 108.172 0.009
201906 0.012 109.601 0.013
201909 0.015 110.260 0.017
201912 0.019 110.700 0.021
202003 0.003 110.920 0.003
202006 0.016 110.590 0.018
202009 0.021 107.512 0.024
202012 0.025 109.711 0.028
202103 0.013 111.579 0.014
202106 0.029 111.360 0.032
202109 0.034 109.051 0.038
202112 0.044 112.349 0.048
202203 0.030 113.558 0.032
202206 0.038 113.448 0.041
202209 0.043 113.778 0.046
202212 0.032 114.548 0.034
202303 0.009 115.427 0.009
202306 0.013 115.647 0.014
202309 0.019 116.087 0.020
202312 0.024 117.296 0.025
202403 0.018 117.735 0.019
202406 0.018 117.296 0.019
202409 0.025 118.615 0.026
202412 0.051 118.945 0.052
202503 0.005 119.384 0.005
202506 0.032 119.055 0.033
202509 0.021 119.934 0.021
202512 0.033 120.704 0.033
202603 0.033 121.473 0.033

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.08 mean?
Lenovo Group (HAM:LHL) has a E10 of €0.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lenovo Group and its competitors.
Is Lenovo Group's E10 too high?
Lenovo Group's current E10 is €0.08. Overall, Lenovo Group has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lenovo Group's E10 compare to SNDK and DELL?
Lenovo Group's E10 of €0.08 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Hardware company?
A good E10 depends on the Hardware industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lenovo Group and its competitors. Lenovo Group's current E10 is €0.08. 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 (HAM:LHL) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.30, compared to a current price of €2.39 — trading 83.8% above its estimated fair value. The current E10 is €0.08. Lenovo Group's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Lenovo Group (HAM:LHL), the current E10 is €0.08 as of Mar. 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 (HAM:LHL) Overvalued in 2026?

Based on GuruFocus' analysis, Lenovo Group stock appears to be overvalued. The current stock price of €2.39 is trading 83.8% above its estimated GF Value™ of €1.30. GuruFocus considers Lenovo Group to be Significantly Overvalued.

Key valuation signals for HAM:LHL:

  • E10: €0.08
  • GF Value™: €1.30 vs. price of €2.39 (83.8% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the HAM:LHL 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.
77GF Score

Get the complete analysis for HAM:LHL

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.39
Price
€1.30
GF Value