Yes, nothing makes on this hand. But it's very easy to construct hands where 4 sp makes and 3nt goes down; missing 9 cd major fits can't be good on average.
My personal feelings on Lebensohl auctions are that the priorities with GF strength should be:
1. 5+cd other major
2. 4cd other major (bid stayman cue without stopper, or 2nt follow by cue with stopper)
3. 3nt (either showing or denying stopper)
4. 3m (enough strength for 5m, maybe enough for 6)
I don't personally think it should bid 3m on 4oM5+m hands, I prefer stayman (unless closer to slam zone), since I am going to usu want to play 3nt unless major fit, but I could be convinced otherwise.