ADT Inc vs Allegion plc

ADT Inc (ADT) is undervalued and Allegion plc (ALLE) is slightly overvalued.

Against our estimates of intrinsic value, ADT trades at the wider discount: a margin of safety of +52%, against -9% for ALLE.

Values as of the 22 Sept 2026 close.

ADT Inc (ADT)

Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $13.73; the price of $6.54 is 52% below that value, and 82% of that value comes from beyond year five.

Leak Score 54/100 on 3 of 12 signals

Allegion plc (ALLE)

Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $141.63; the price of $153.95 is 9% above that value, and 77% of that value comes from beyond year five.

Leak Score 59/100 on 3 of 12 signals

MetricADTALLE
VerdictUndervaluedSlightly overvalued
Price$6.54$153.95
Intrinsic value$13.73$141.63
Margin of safety+52%-9%
Leak Score54/100 (3/12)59/100 (3/12)
Market cap$4.8B$13.1B
Revenue growth, 5 years-0.7%8.4%
Operating margin25.2%20.8%
Net margin11.9%15.4%
Return on equity17.2%33.7%
Debt to equity2.241.05
P/E9.1x20.2x
Forward P/E6.6x15.7x
P/B1.4x6.2x
Dividend yield3.4%1.4%

All stocks in Security & Protection Services