Industrials · Building Products · US stock · price as of 22 Oct 2026
Key indicators
Price
$176.52
52-week range
$125.00 – $183.11
Market cap
$15.2B
P/E (trailing)
23.2×
EV / EBITDA
16.4×
Free-cash-flow yield
4.4%
Dividend yield
1.2%
Revenue (last 12 months)
$4.3B
Revenue growth (3y a year)
7.5%
Operating margin
20.8%
Return on invested capital
19.4%
Net debt / EBITDA
1.7×
Fair value
Fair value (average of valid models)$164.53 middle half of models $154 – $193
Versus priceFair−7% to fair value
P/E multiple
$173.11
P/B multiple
$190.03
P/S multiple
$153.62
EV/EBITDA multiple
$167.16
EV/EBIT multiple
$166.20
EV/revenue multiple
$159.61
10-year DCF, EBITDA exit
$197.73
5-year DCF, EBITDA exit
$197.52
10-year DCF, revenue exit
$196.25
5-year DCF, revenue exit
$194.98
10-year DCF, growth exit
$144.34
5-year DCF, growth exit
$133.34
Dividend discount, stable
$85.33
Dividend discount, multi-stage
$154.56
Earnings power value
$154.12
Model uncertainty
Medium
X-Ray Score
59/ 100 · High confidence · ahead of 77% of sector peers
Valuation62
Growth64
Profitability63
Financial health50
Dividends48
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Allegion is a security products company that makes locks, door hardware, exit devices, access control systems and electronic security products. Its brands include Schlage, Von Duprin and LCN, and its products are used in homes, schools, hospitals, offices and other buildings. It sells through distributors, dealers and retailers. Revenue comes from product sales and some services, and results track new construction and renovation activity.
Sales reached $4.3 billion in the last twelve months, having grown 7.5% a year over the past three years. Operating profit equals 20.8% of revenue. Return on invested capital is 19%. Net debt is 1.7 times of EBITDA. It pays a dividend, and the yield is 1.2%.
StocksXray gives Allegion plc an X-Ray Score of 59 out of 100 (high confidence), ahead of 77% of the S&P 500 stocks in its sector. Its strongest lens is growth (64) and its weakest is dividends (48).
Our fair value (the average of the valid models) is $164.53 (range $153.87 to $192.51). At $176.52 the stock trades 7% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Allegion plc (ALLE)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$123.28
$99.54
$121.75
$127.42
$157.41
$176.52
Market cap
$11.2B
$8.8B
$10.8B
$11.2B
$13.6B
$15.2B
P/E
23.1×
19.2×
19.9×
18.7×
21.2×
23.2×
EV / revenue
4.3×
3.2×
3.4×
3.4×
3.8×
3.9×
EV / EBITDA
20.0×
15.6×
15.0×
14.1×
15.4×
16.4×
Price / free cash flow
25.2×
22.2×
20.8×
19.1×
19.9×
22.6×
Free-cash-flow yield
4.0%
4.5%
4.8%
5.2%
5.0%
4.4%
Price / book
14.7×
9.3×
8.2×
7.4×
6.6×
7.2×
Dividend yield
1.17%
1.65%
1.48%
1.51%
1.30%
1.22%
Fundamentals checklist ● 4 Good · ● 10 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.1%Bad
Free-cash-flow yield4.4%Average
Risk models
Altman Z score4.1×Average
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)12.8%Average
Free-cash-flow growth (3y)20.1%Average
Revenue growth (3y)7.5%Average
Growth consistency90%Average
Balance sheet
Current ratio1.9×Good
Net debt / EBITDA1.7×Average
Interest cover8.9×Bad
Valuation
Fair value vs price0.9×Average
EBIT / EV yield5.3%Good
Profitability
Return on invested capital19.4%Average
Operating margin20.8%Good
Gross profitability35.8%Good
XStocksXray
Allegion plc (ALLE)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
2,867
3,272
3,651
3,772
4,067
4,289
Gross profit
1,205
1,322
1,582
1,669
1,838
1,921
Operating income
530
586
708
781
860
893
Net income
483
458
541
598
644
659
Diluted EPS ($)
5.34
5.19
6.12
6.82
7.44
7.62
Free cash flow
443
396
516
583
686
671
Gross margin
42.0%
40.4%
43.3%
44.2%
45.2%
44.8%
Operating margin
18.5%
17.9%
19.4%
20.7%
21.1%
20.8%
Net margin
16.9%
14.0%
14.8%
15.8%
15.8%
15.4%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
3,051
3,991
4,312
4,488
5,224
5,361
Cash
398
288
468
504
356
321
Total debt
1,442
2,095
2,015
2,000
1,980
2,031
Equity
759
942
1,318
1,501
2,068
2,119
Dividend per share ($)
1.44
1.64
1.80
1.92
2.04
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
