Lenovo GroupMEX:992N 44 PB Ratio is 4.58 as of Jun. 29, 2026, which is 105% above its 10-year median of 2.23. GuruFocus rates MEX:992N with a GF Score™ of 44/100 and a GF Value™ of MXN25.21 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,417 Hardware companies, Lenovo Group ranks worse than 71.58% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-29), Lenovo Group's share price is MXN50.86. Lenovo Group's Book Value per Share for the quarter that ended in Mar. 2026 was MXN11.10. Hence, Lenovo Group's PB Ratio of today is 4.58.
Warning Sign:
Lenovo Group Ltd stock PB Ratio (=4.87) is close to 10-year high of 5.17.
The historical rank and industry rank for Lenovo Group's PB Ratio or its related term are showing as below:
MEX:992N'
s PB Ratio Range Over the Past 10 Years
Min: 1.25 Med: 2.23 Max: 5.17
Current: 4.87
During the past 13 years, Lenovo Group's highest PB Ratio was 5.17. The lowest was 1.25. And the median was 2.23.
MEX:992N's PB Ratio is ranked worse than 71.58% of 2417
companies
in the Hardware industry
Industry Median: 2.34
vs MEX:992N: 4.87
During the past 12 months, Lenovo Group's average Book Value Per Share Growth Rate was 26.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lenovo Group was 31.60% per year. The lowest was -8.00% per year. And the median was 8.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Lenovo Group PB Ratio Related Terms
Lenovo Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Lenovo Group's PB 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.
For the Computer Hardware subindustry, Lenovo Group's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Lenovo Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lenovo Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Lenovo Group's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Lenovo Group (MEX:992N) has a PB Ratio of 4.58 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lenovo Group and its competitors. This is 105% above median its historical median of 2.23. Over the past decade, Lenovo Group's PB Ratio has ranged from 1.25 to 5.17. According to the industry distribution chart, Lenovo Group ranks #1730 out of 2417 companies in the Hardware industry, placing it in the top 71.6%.
Is Lenovo Group's PB Ratio too high?
Lenovo Group's current PB Ratio of 4.58 is 105% above median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 5.17. The Hardware industry median PB Ratio is 2.34. Lenovo Group's value of 4.58 is 95.7% above this industry median. Based on the distribution chart, Lenovo Group ranks #1730 out of 2417 companies in the Hardware industry, which is below the industry midpoint. Overall, Lenovo Group has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lenovo Group's PB Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, Lenovo Group ranks #1730 out of 2417 companies for PB Ratio. This places Lenovo Group in the lower half of its industry. The industry median PB Ratio is 2.34. Lenovo Group's value of 4.58 is 95.7% above this benchmark. Historically, Lenovo Group's own PB Ratio has ranged from 1.25 to 5.17 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 2.34, Lenovo Group has consistently been above 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 PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.34, based on 2,417 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lenovo Group's current PB Ratio of 4.58 is 95.7% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lenovo Group and its competitors. For the Hardware industry, the median PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lenovo Group's current PB Ratio is 4.58, which is 105% above median its own 10-year median of 2.23. 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 (MEX:992N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN25.21, compared to a current price of MXN50.86 — trading 101.7% above its estimated fair value. The current PB Ratio is 4.58, which is 105% above median its 10-year median of 2.23 and 95.7% above the Hardware industry median of 2.34. Lenovo Group's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Lenovo Group (MEX:992N), the current PB Ratio is 4.58 as of Jun. 29, 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 (MEX:992N) Overvalued in 2026?
Based on GuruFocus' analysis, Lenovo Group stock appears to be overvalued.
The current stock price of MXN50.86 is trading 101.7% above its estimated GF Value™ of MXN25.21.
GuruFocus considers Lenovo Group to be Significantly Overvalued.
Key valuation signals for MEX:992N:
PB Ratio: 4.58 (105% above median its 10-year median of 2.23)
GF Value™: MXN25.21 vs. price of MXN50.86 (101.7% above fair value)
Industry Position: 95.7% above the Hardware median (#1730 of 2417)
No single metric tells the full story. See the MEX:992N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
44GF Score
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