---
title: Allegion (ALLE) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/alle
ticker: ALLE
as_of: 2026-10-17
sector: Industrials
industry: Security & Protection Services
---
# Allegion (ALLE)

Allegion (ALLE) closed at $156.54 on Oct 16, 2026, undervalued by 1% vs its model value of $157.40 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $156.54 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $157.40 |
| Price vs model | undervalued by 1% vs model |
| Range of that model | $97.55 – $382.30 |
| Market value | $13.3B |
| P/E (fiscal 2025) | 21.0 |
| Net margin (fiscal 2025) | 15.8% |
| Free cash flow (fiscal 2025) | $685.7M |
| Dividend yield (trailing twelve months) | 1.38% |
| Beta | 0.82 |
| Cost of capital (WACC) | 8.16% |
| Business classification | Mature & Stable (Low/slowing growth (~6% recent), Moderate margins (16% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.2%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.38% |
| Dividends per share, last 12 months | $2.16 |
| Dividends / free cash flow (fiscal 2025) | 25.6% |
| Raised | 11+ years in a row |
| Growth over 5 years | 9.1% a year |
| Latest payment | $0.55, ex-date Sep 15, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 15, 2021 | $1.40 |
| To Sep 15, 2022 | $1.59 |
| To Sep 15, 2023 | $1.76 |
| To Sep 20, 2024 | $1.89 |
| To Sep 15, 2025 | $2.01 |
| Trailing twelve months (to Sep 15, 2026) | $2.16 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $157.40 | $97.55 | $382.30 |
| DCF · Perpetuity growth · 10y | cross check | $164.94 | $105.76 | $383.51 |
| DCF · EBITDA exit · 5y | cross check | $99.01 | $57.33 | $148.36 |
| DCF · EBITDA exit · 10y | cross check | $117.02 | $75.63 | $172.78 |
| P/E · peers | cross check | $178.62 | $174.15 | $212.77 |
| P/E · own history | cross check | $171.84 | $161.42 | $185.41 |
| PEG | sanity check | $137.02 | $137.02 | $137.02 |
| EV/EBITDA · peers | cross check | $80.99 | $78.14 | $159.54 |
| EV/Revenue · peers | cross check | $42.78 | $24.91 | $60.55 |
| Earnings power value | cross check | $59.55 | $47.39 | $77.19 |
| Dividend discount | cross check | $51.04 | $34.55 | $86.19 |

## Insider activity (SEC Form 4)

Past 90 days: 1 open-market buy ($26,907.6) and 6 open-market sales ($1.9M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 28, 2026 | MIZELL STEVEN | Director | Open-market buy | 170 | $26,907.6 |
| Aug 19, 2026 | Eckersley Timothy P | President-Intl & SVP-Allegion | Bona fide gift | 1,527 | $0 |
| Aug 19, 2026 | Eckersley Timothy P | President-Intl & SVP-Allegion | Bona fide gift | 1,527 | $0 |
| Aug 18, 2026 | Ilardi David S. | President-Amer & SVP-Allegion | Option/RSU exercise | 549 | $39,437.4 |
| Aug 18, 2026 | Ilardi David S. | President-Amer & SVP-Allegion | Open-market sell | 549 | $88,438.4 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 8, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1579241/000110465926105920/tm2624796d1_8k.htm |
| Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1579241/000157924126000028/alle-20260630.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1579241/000157924126000026/alle-20260723.htm |
| Jun 9, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1579241/000157924126000023/alle-20260604.htm |
| Apr 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1579241/000157924126000015/alle-20260331.htm |

## About

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, incl…

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Source: https://sweetvaluelab.com/stocks/alle (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.