Allegion plc (ALLE)

Services-Detective, Guard & Armored Car Services

Latest Price

$180.66

TTM P/E

22.50

Normalized P/E

27.24

TTM Div Yield

1.20%

Fwd Div Yield

1.20%

Book Value

25.55

P/B Ratio

7.07

Valuation metrics

EPS: $7.44

Book value / share: $24.02

Formula: √(22.5 × EPS × BVPS)

Graham Number

$63.42

65% downside

Norm. op. income: $586M (median of 7yr)

Tax rate: 14%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$39.77

78% downside

Base FCF: $516M (median of recent 5yr)

Growth: 9%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$117.53

35% downside

EPS: $7.44

Target P/E: 27×

Formula: EPS × P/E

P/E Fair Value

$200.88

+11% upside