AllegionMEX:ALLE N 94 Gross Margin % is 43.97% as of Mar. 2026, which is 1% above its 10-year median of 43.61. GuruFocus rates MEX:ALLE N with a GF Score™ of 94/100 and a GF Value™ of MXN2,072.64. The stock has 2 warning signs investors should review. Among 1,007 Business Services companies, Allegion ranks better than 63.75% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Allegion's Gross Profit for the
three
months ended in Mar. 2026 was MXN8,196 Mil. Allegion's Revenue for the
three
months ended in Mar. 2026 was MXN18,639 Mil. Therefore, Allegion's Gross Margin % for the quarter that ended in Mar. 2026 was 43.97%.
The historical rank and industry rank for Allegion's Gross Margin % or its related term are showing as below:
MEX:ALLE N'
s Gross Margin % Range Over the Past 10 Years
Min: 40.42 Med: 43.61 Max: 45.2
Current: 44.97
During the past 13 years, the highestGross Margin % of Allegion was 45.20%. The lowest was 40.42%. And the median was 43.61%.
MEX:ALLE N's Gross Margin % is ranked better than 63.75% of 1007
companies
in the Business Services industry
Industry Median: 34.46
vs MEX:ALLE N: 44.97
Allegion had a gross margin of 43.97% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Allegion was 1.30% per year.
Allegion (MEX:ALLE N) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Allegion had a gross margin of 43.97% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Allegion Gross Margin % Related Terms
Allegion Gross Margin % Historical Data
* Premium members only.
The historical data trend for Allegion's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:ALLE N vs MSA, ADT, BCO: Gross Margin % Comparison
For the Security & Protection Services subindustry, Allegion's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Allegion Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Allegion's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Allegion's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Allegion (MEX:ALLE N) has a Gross Margin % of 43.97% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Allegion and its competitors. This is near median its historical median of 43.61. Over the past decade, Allegion's Gross Margin % has ranged from 40.42 to 45.20. According to the industry distribution chart, Allegion ranks #365 out of 1007 companies in the Business Services industry, placing it in the top 36.2%.
Is Allegion's Gross Margin % too high?
Allegion's current Gross Margin % of 43.97% is near median its 10-year median of 43.61. Over the past 10 years, this metric has ranged from a low of 40.42 to a high of 45.20. The Business Services industry median Gross Margin % is 34.46. Allegion's value of 43.97% is 27.6% above this industry median. Based on the distribution chart, Allegion ranks #365 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, Allegion has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Allegion's Gross Margin % compare to MSA and ADT?
According to the Business Services industry distribution chart, Allegion ranks #365 out of 1007 companies for Gross Margin %. This puts Allegion in the upper half of its industry. The industry median Gross Margin % is 34.46. Allegion's value of 43.97% is 27.6% above this benchmark. Historically, Allegion's own Gross Margin % has ranged from 40.42 to 45.20 over the past decade. While the company's 10-year median is 43.61 vs. the industry median of 34.46, Allegion has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.46, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Allegion's current Gross Margin % of 43.97% is 27.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Allegion and its competitors. For the Business Services industry, the median Gross Margin % is 34.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allegion's current Gross Margin % is 43.97%, which is near median its own 10-year median of 43.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allegion stock overvalued right now?
Allegion (MEX:ALLE N) has a current Gross Margin % of 43.97%. The stock's GF Value™ is MXN2,072.64, compared to a current price of MXN1,861.98 — trading 10.2% below its estimated fair value. The current Gross Margin % is 43.97%, which is near median its 10-year median of 43.61 and 27.6% above the Business Services industry median of 34.46. Allegion's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Allegion (MEX:ALLE N), the current Gross Margin % is 43.97% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Allegion (MEX:ALLE N) Overvalued in 2026?
Based on GuruFocus' analysis, Allegion stock appears to be undervalued.
The current stock price of MXN1,861.98 is trading 10.2% below its estimated GF Value™ of MXN2,072.64.
Key valuation signals for MEX:ALLE N:
Gross Margin %: 43.97% (near median its 10-year median of 43.61)
GF Value™: MXN2,072.64 vs. price of MXN1,861.98 (10.2% below fair value)
Industry Position: 27.6% above the Business Services median (#365 of 1007)
No single metric tells the full story. See the MEX:ALLE N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2024, Allegion generated over 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy, Switzerland-based Dormakaba, and US-based Fortune Brands Innovations.
94GF Score
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