ALLE
Allegion plc
ALLE's fundamentals are strong: it turned 17% of its revenue into free cash flow and revenue grew 10%. At 24x earnings, it's trading in line with its usual 22x. Analysts expect earnings growth.
ALLE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
ALLE's revenue, profitability, cash flow and balance sheet are all currently healthy.
ALLE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $154 | -19% |
| Forward | 19x | $190 | — |
| Fair | 22x | $174 | -8.6% |
| Current | 24x | $190 | — |
| Expensive | 29x | $233 | +23% |
Historical ranges are pointers, not guarantees.
ALLE's PE is in its expensive range at 24x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
ALLE Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ALLE, with profitability improving.
ALLE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.92 | +24% |
| Q3 2026 | $8.03 | +8.7% |
| Q2 2026 | $7.62 | +5.8% |
| Q1 2026 | $7.32 | +2.8% |
| Q4 2025 | $7.44 | +9.1% |
| Q3 2025 | $7.39 | +14% |
| Q2 2025 | $7.20 | +14% |
| Q1 2025 | $7.12 | +16% |
| Q4 2024 | $6.82 | +11% |
ALLE's earnings per share have climbed steadily: $8.03 over the past year, up 8.7% from the year before, and higher year over year for 15 quarters in a row.
ALLE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +9.6% |
| Q2 2026 | $1.2B | +13% |
| Q1 2026 | $1B | +9.7% |
| Q4 2025 | $1B | +9.3% |
| Q3 2025 | $1.1B | +11% |
| Q2 2025 | $1B | +5.8% |
| Q1 2025 | $941.9M | +5.4% |
| Q4 2024 | $945.6M | +5.4% |
ALLE's revenue has grown year over year for 10 quarters in a row: $1.2B last quarter, up 9.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +2.4 points |
| Q2 2026 | 22% | +0.6 points |
| Q1 2026 | 19% | -2 points |
| Q4 2025 | 20% | +0.8 points |
| Q3 2025 | 22% | -0.4 points |
| Q2 2025 | 22% | -0.1 points |
| Q1 2025 | 21% | +1.6 points |
| Q4 2024 | 20% | +1.7 points |
ALLE's operating margin was 24% last quarter, up 2.4 points from the same quarter a year ago, near the top of its range since 2019.
ALLE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $278.6M | +33% |
| Q2 2026 | $180.5M | -6% |
| Q1 2026 | $80.3M | -3.7% |
| Q4 2025 | $200.5M | +2.9% |
| Q3 2025 | $209.8M | -1% |
| Q2 2025 | $192M | +26% |
| Q1 2025 | $83.4M | +249% |
| Q4 2024 | $194.9M | -0.6% |
ALLE's free cash flow has been positive every quarter for seven years: $740M over the past year, up 8.8% from the year before.
ALLE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -800K shares |
| 1 year | -1.5% | -1.3M shares |
| 3 years | -3.4% | -3M shares |
| 5 years | -5.6% | -5.1M shares |
| Available history | -9.7% | -9.1M shares |
ALLE has 85M diluted shares, down 1.5% from a year ago, with $280M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $119.8M |
| Q2 2026 | $120M |
| Q1 2026 | $40.6M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $40M |
| Q1 2025 | $40M |
| Q4 2024 | $100M |
ALLE spent $280M buying back its own shares over the past year, up 56% from the year before.
ALLE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.7x | Healthy |
ALLE's net debt is about 1.5 years of its operating earnings (EBITDA), down from 1.9 years a year ago.
ALLE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.1 | Overbought |
| Stochastic | 88.2 | Overbought |
ALLE's weekly RSI is 73 (overbought) and its Stochastic is 88 (overbought).
ALLE PE vs Industrials Sector
| Metric | ALLE | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.5% below |
| PE % | 66 | 58 | 8 pts above |
ALLE is trading at 24x earnings, in line with the Industrials sector's median of 24x.
ALLE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.6 | 12% above |
| 20 week MA | $159.9 | 19% above |
| 50 week MA | $153.9 | 24% above |
| 100 week MA | $151.0 | 26% above |
| 200 week MA | $135.9 | 40% above |
ALLE is in an uptrend: it's above all five of its weekly moving averages, and 40% above its 200-week average.
ALLE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $124.6 | $113.0 | -9.3% |
| 2021 | $113.0 | $127.3 | +13% |
| 2022 | $127.3 | $105.0 | -17% |
| 2023 | $105.0 | $126.7 | +21% |
| 2024 | $126.7 | $132.0 | +4.2% |
| 2025 | $132.0 | $160.8 | +22% |
| 2026 YTD | $160.8 | $190.1 | +18% |
ALLE has finished higher in four of the last six years. It's up 18% so far in 2026.