Historical cheapness: current PE is 17.2× versus the full-history median of 23.5× shown in the valuation table, producing 70/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 70.1/100. The model applies a 10.2% earnings-growth assumption and a 10% annual return hurdle, with positive credit limited by evidence coverage and confidence.

Forward price scenarios use recent PE history separately. Recent history has a separately weighted median of 24.4× (18-month half-life). The favorable scenario uses 20.7× PE and $13.9 projected EPS, informed by growth, margins and earnings-quality checks. This is a model scenario, not an analyst target. A return to the full-history median is not assumed.

Business trends are strong. Over the past year: revenue +49.3%, earnings +97.6%, operating margin +12.4 percentage points. Free cash flow is 31.2% of revenue. The business score is 93.6/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

Stronger earnings and valuation could support a higher share price.

Our favorable case uses $13.87 of EPS and a 20.7× PE, suggesting a share price of about $287.19. Valuation history and outlook inform the PE.

The displayed favorable scenario is 43.3% upside, or about $287.12.

This is a scenario based on our model, not a forecast or probability.

Weaker than expected earnings could put pressure on the share price.

Our downside case uses $9.80 of EPS and a 16× PE, suggesting a share price of about $156.51 — 22% below today’s price. Valuation history and outlook inform the PE.

This is a scenario based on our model, not a forecast or probability.