This article deals with the ultimate bound on the trajectories of the hyperchaos Lorenz system based on Lyapunov stability theory. The innovation of this article lies in that the method of constructing Lyapunov functions applied to the former chaotic systems is not applicable to this hyperchaos system, and moreover, one Lyapunov function can not estimate the bounds of this hyperchaos Lorenz system. We successfully estimate the bounds of this hyperchaos system by constructing three generalized Lyapunov functions step by step. Some computer simulations are also given to show the effectiveness of the proposed scheme. © 2016 Wiley Periodicals, Inc. Complexity 21: 440–445, 2016