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Allegion plc

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ALLE · NYSE · Industrials

Allegion plc (ALLE) — Rank #176 by gross profitability (GP/assets 0.34) · ROE 29.6% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001579241 · all metrics point-in-time as of the filing date.

About

Allegion plc engages in the provision of security products and solutions worldwide.

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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.

Industry
Security & Protection Services
Sector
Industrials
State
L2
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

13,300

Industry

Security & Protection Services

Exchange

NYSE

12/12

Flags passed

ALLE passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.34
Return on equity
29.6%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.52
Current ratio
1.90×
Net cash
-$1.68B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.7%

Growth

2/2 pass
Revenue growth
7.8%
Piotroski F-Score
6 / 9
Share dilution
-1.1%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 44th percentile of 96 SIC 73 peers

Gross profitability (GP / assets)

0.34

Primary signal (Novy-Marx).

44th pctl of 96 SIC 73 peers

Return on equity

29.6%

Gross margin

45.2%

26th pctl of 95 SIC 73 peers

Revenue growth (YoY)

7.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

7.5%

Revenue CAGR (5Y)

8.4%

Earnings CAGR (3Y)

12.0%

FCF CAGR (3Y)

20.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 7% above net income

Free cash flow

$685.70M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

6.5%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.7%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $1.68B, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.52

9th pctl of 87 SIC 73 peers (best = lowest)

Current ratio

1.90×

52nd pctl of 95 SIC 73 peers

Quick ratio

1.10×

Net cash

-$1.68B

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

21.9xFair
18.4xmed 21.8x32.4x

P / S

Price / revenue per share

3.5xFair
2.9xmed 3.3x3.7x

P / B

Price / book value per share

6.8xCheap
6.8xmed 9.7x14.0x

P / GP

Price / gross profit per share

7.7xFair
6.6xmed 7.6x8.8x

P / FCF

Price / free cash flow per share

20.6xCheap
18.9xmed 22.8x25.2x

Dividend safety

Composite score

4.5 / 5

Strong
Payout ratio
27.2%5/5 Strong
FCF coverage
3.91×5/5 Strong
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E 1.52 · IC 8.51×3/5 Good

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend(net buybacks)
-1.1%3/5 Good
Buyback timing
vs own P/E history2/5 Fair
Dividend growth consistency
10 yr5/5 Strong
Net debt trajectory
-2.5%2/5 Fair

Lifecycle Phase History

20202025
Value
Capital Return

Price History

ALLE+15.6% · +2.9% CAGRSPY+84.0% · +12.9% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports