Allegion PLC (ALLE) intrinsic value & 10-year financials
Allegion PLC (ALLE) has a Graham intrinsic value of $229.28 per share. At $156.54 on Oct 17, 2026, the stock trades 32% below that value. Over the last 10 fiscal years revenue grew 6.9% a year to $4.1B, with an average return on invested capital of 24.1%.
- Graham intrinsic value
- $229.28
- Share price (Oct 17, 2026)
- $156.54
- Price vs Graham value
- 32% below
- Market cap
- $13.6B
- Revenue (FY2025)
- $4.1B
- Revenue growth (10-yr CAGR)
- 6.9%
- ROIC (10-yr avg)
- 24.1%
- Free cash flow (FY2025)
- $685.7M
ALLE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.1B | $643.8M | $7.44 | $685.7M | 21.1% | 20.8% |
| FY2024 | $3.8B | $597.5M | $6.82 | $582.9M | 20.7% | 21.9% |
| FY2023 | $3.7B | $540.4M | $6.12 | $516.4M | 19.4% | 21.4% |
| FY2022 | $3.3B | $458.0M | $5.19 | $395.5M | 17.9% | 22.6% |
| FY2021 | $2.9B | $483.0M | $5.34 | $443.2M | 18.5% | 27.3% |
| FY2020 | $2.7B | $314.3M | $3.39 | $443.2M | 14.8% | 19.2% |
| FY2019 | $2.9B | $401.8M | $4.26 | $422.6M | 19.8% | 26.3% |
| FY2018 | $2.7B | $434.9M | $4.54 | $408.7M | 19.2% | 29.9% |
| FY2017 | $2.4B | $273.3M | $2.85 | $297.9M | 20.3% | 25.4% |
| FY2016 | $2.2B | $229.1M | $2.36 | $335.0M | 19.0% | 26.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Allegion has demonstrated mature, steady growth, with revenue compounding at 6.9% annually over the past decade.
Allegion has earned high returns on invested capital, averaging 24.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Allegion shows that management has aggressively returned capital to shareholders by retiring 10.6% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Allegion is modeled at 13.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $229.28 per share.