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Stock Comparison · Valuation-led comparison

Allegion vs Lincoln Electric Holdings: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Allegion carrying a narrow edge on valuation. Lincoln Electric still has the edge on stability, which keeps the comparison from looking entirely one-sided. In the market, Lincoln Electric carries the stronger setup — intact trend against Allegion's broken trend. That leaves a split case: the structural lead stays with Allegion, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight.

Trajectory Similarity
0.80
Similar
Peer-set rank: #12
within Allegion plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The match is driven mainly by investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ALLE
Allegion plc
60
Peer-Score
Signal qualityMedium
vs
LECO
Lincoln Electric Holdings, Inc.
55
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ALLE vs LECO Profitability 51 46 Stability 40 55 Valuation 86 64 Growth 52 53 ALLE LECO
Gap Ranking
#1 Valuation +22
#2 Stability +15
#3 Profitability +5
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ALLE and LECO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ALLELECO Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Lincoln Electric Holdings, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Allegion plc still holds a clear edge.
Stability
On stability, the edge still sits with Lincoln Electric Holdings, Inc., even though both profiles look solid.
Valuation — Dominant Gap
ALLE
86
LECO
64
Gap+22in favour of ALLE

The multiple-based pricing edge comes from a forward P/E that is 5.6 turns lower.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

The main read on valuation is clearer than the broader score gap.

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Break down the ALLE vs LECO comparison across all dimensions with the full interactive tool.

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Explore how ALLE and LECO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.