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Allegion plc — Intrinsic Value & Fair Price

ALLE
NYSEIndustrialsSecurity & Protection ServicesCIK 0001579241allegion.comAbout ALLE
Last close · Oct 16, 2026156.54+0.79 (+0.51%)
Market cap$13.3B
Model value · DCF · Perpetuity growth · 5y
157.40
Allegion closed at $156.54 — undervalued by 1% vs model.
97.55the model's range382.30

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
42.78 – 178.62
Wall St. target
175.00 11% below
Below model, 1y
7 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.38%
Past 2 years
low 1.12%high 1.66%
Dividends per share, a year at a time
$1.40Sep ’21$1.59Sep ’22$1.76Sep ’23$1.89Sep ’24$2.01Sep ’25$2.16TTM
Dividends / free cash flow, FY2025
25.6%
Raised
11+ years in a row
Growth, 5 yrs
9.1% a year
Last change
+7.8% · Mar 2026
Every payment, with ex-dates · latest $0.55, paid Sep 30, 2026

Research on ALLE

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How it is valued

Valued asMature & Stable
Low/slowing growth (~6% recent)Moderate margins (16% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (5.2%)
What growth the price implies: the reverse DCF

Key figures

FY2025
P/E
21.0×
EV / EBITDA
14.9×
FCF yield
5.1%
Dividend yield, TTM
1.38%
Beta
0.82
Cost of capital (WACC)
8.16%
Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted
09-22Evercore ISI · target180.00
07-24Robert W. Baird · target170.00
06-11Longbow Research · “Buy” from “Neutral”upgrade
06-03Morgan Stanley · target142.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just ALLE. No account.

About Allegion

Allegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design and installation offerings. In addition, the company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, retail, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, online and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is based in Dublin, Ireland.

CEO
John H. Stone
Headquarters
Dublin, HE
Employees
13,300
IPO
2013-11-18
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.